The chip-on-board LED is the latest technology for packing multi-LED into one lighting package. The manufacturers bond LED chip diodes into the PCB, causing thermal conductivity to shift towards the circuit board, which results in lower heat emissions. Owing to the longer life span and brightness, the LED light source is favored over conventional lighting. Yet regular LEDs can cause unwanted glare, which is further rectified in COB LEDs. In addition, chips on board LED lights to have higher intensity along with homogeneous luminosity, helping to increase demand for chips on board LED lights worldwide. In addition to this advance in design by innovation along with cost savings from large-scale COB LED light production, further boosts the market for chips on board LED lights.
MARKET DYNAMICS
The global chip-on-board LED market is rising as infrastructure investments increase, energy-efficient lighting needs increase, and regulatory initiatives. Advancement on the design front is one of the main factors providing the global chip with sufficient growth opportunities on the light-emitting diode market. The cost advantage of emerging technologies and the manufacturing difficulty of chips on board light-emitting diode are two of the significant factors limiting the global market growth. The uncertainties in the global economic situation, however, may be an obstacle that may hinder the growth of the demand for chip-on-board light-emitting diodes. Also, this technology's manufacturing process is a bit complicated compared to its predecessors, which can also pose a challenge to consumer demand for chip-on-board light-emitting diodes.
MARKET SCOPE
The "Global Chip-On-Board LED Market Analysis To 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The chip-on-board LED market report aims to provide an overview of the chip-on-board LED market with detailed market segmentation by material, application, and geography. The global chip-on-board LED market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading chip-on-board LED market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global chip-on-board LED market is segmented on the basis of material, application. Based on material, the chip-on-board LED market is segmented into: MCPCB, Ceramic, and Others. On the basis of application, the market is segmented into: Illumination, Backlighting, Automotive, and Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global chip-on-board LED market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The chip-on-board LED market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the chip-on-board LED market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the chip-on-board LED market in these regions.
MARKET PLAYERS
The reports cover key developments in the chip-on-board LED market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from chip-on-board LED market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the chip-on-board LED market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chip-on-board LED market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CITIZEN ELECTRONICS CO., LTD.
- Cree, Inc.
- Eaton
- EVERLIGHT ELECTRONICS CO., LTD.
- Lextar Electronics Corporation
- Lumileds Holding B.V.
- NICHIA CORPORATION
- OSRAM GmbH
- Seoul Semiconductor Co., Ltd.
- Sharp Electronics Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.