Market overview
The worldwide Chip On Board LED market size was esteemed at $2,010.5 million out of 2017, and it is relied upon to reach $5,261.8 million before the finish of the estimate time frame by enrolling a CAGR of 17.88%. Chip On Board LED is a LED pressing innovation where various LED chips are bonded straightforwardly on a substrate. The little size of the LED chip offers high bundling innovation contrasted with different advances. Chip On Board LED is the most recent innovation. Here, the producers bond LED chip diodes into the PCB, which makes warm conductivity shift towards the circuit board, prompting lower heat emissions.
LED lighting is more preferred than other lighting sources, and it is contributing profoundly to the worldwide chip on board led market. Additionally, expanding request and adoption of COB LED lights in modern, business, and private applications enormously contribute to the expansion of Chip On Board LED market size. The car business use Chip On Board LED for vehicle lighting, and electronics industry use it for backdrop illumination in monitors, advanced cells, tablets, Panels, monitors, and so forth, the wide scope of application of Chip On Board LED will additionally drive the interest of the Chip On Board LED industry in the figure time frame.
Additionally, expanding center around government worldwide to utilize energy-effective lighting has expanded the interest for LED lighting. Chip on Board LED light offers high light effectiveness, decreased power prerequisites, better warm administration, and lesser weld joints that diminish the gamble of execution misfortune. Every one of the variables contribute exceptionally to the worldwide chip on board led market.
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Market segmentation
By material, the market is bifurcated into MCPCB and ceramic. Ceramic is the most commonly used material for substrate owing to its better thermal performance.
By application, the market is segmented into backlighting, general lighting, automotive lighting and others. General lighting is further segmented into commercial residential, and industrial while backlighting is segmented into smartphones, tablets, monitors, televisions and others. Under automotive lighting, chip-on-board light emitting diodes market is bifurcated into interior lighting and exterior lighting.
Regional analysis
It is normal that the worldwide interest for Chip-on-board LED will grow at a significant speed during the 2018 to 2023 gauge period. Chip-on-board LED market geographic investigation is read up for Europe , North America, Asia-Pacific and the remainder of the world (counting the Middle East, Africa, and Latin America). Asia-Pacific is scheduled to rule the Chip-on-board LED market during the gauge time frame because of the biggest assembling and utilization divide between the regions mentioned. Nations like South Korea, Taiwan, and China contribute to the biggest market share because of the presence in these regions of a critical number of merchants. A portion of the vital suppliers of chip-on-board LED like Seoul Semiconductor Citizen Electronics, and Samsung Electronics are based out of Asia-Pacific and furthermore have an immense client base inside the region as well as across the globe. Attributable to continued approach endeavors, for example, endowments and open doors in the region to further develop homegrown production limit, China is relied upon to encounter strong development during the gauge time frame. North America is the second prevailing region on the Chip-on-board LED market followed by Europe in view of the great number of retail and car lighting installations. Expanded framework spending and fast specialized advancements are additionally expected to drive the development of chip-on-board LED in these regions.
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The global chip-on-board LED market is expected to attain considerable growth in the coming years.
The increasing impetus placed by governments across the world for promoting the use of energy efficient lighting has prompted an increasing in demand for LED lighting.
Chip-on-board LED boasts several key advantages like high light efficacy, reduced power requirements, smaller number of solder joints, and enhanced thermal management.
However, complexity involving the use of manufacturing chip-on-board LED process that involves mounting, selection, and interconnection of discrete devices can go on to severely hamper the growth of the market.
Whereas, the backlighting segment is narrowed down into televisions, tablets, smartphones, monitors, and others.
Get Free Sample Report @https://www.marketresearchfuture.com/sample_request/7030Competitive LandscapeThe key players identified and highlighted in the global chip-on-board LED market are as follows: Cree Inc. (US), Osram Opto Semiconductors GmbH (Germany), Philips Lumileds Lighting Co. (Netherlands), Seoul Semiconductor Co. Ltd. (South Korea), Citizen Electronics Co. Ltd. (Japan), Everlight Electronics Co. Ltd. (Taiwan), Lumens Co., Ltd. (South Korea), GE Lighting (US), LG Innotek Co. Ltd. (South Korea), Samsung Electronics Co. Ltd. (South Korea), and others.
The global LED Chip and Module Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the led chip and module market include Epistar, San’an Opto, Cree, Osram, Samsung, Toyoda Gosei, Seoul Semiconductor, Philips Lumileds, ETI, LG Innotek, NiChia.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global LED Chip and Module Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/led-chip-and-module-market/download-sampleMarket DynamicsThe key driving factor for LED chips and modules is the reduced cost of manufacturing LED owing to technological advancements and extensive research and development activities, in turn, has considerably reduced the retail price of LED, thereby increasing its demand among consumers.
Another factor positively impacting the LED module market is the increasing adoption of LED lights by the automotive industry since LED modules are lightweight because of 3D printing capabilities.
Furthermore, low energy consumption, exceptional brightness and contrast, and increasing use of LED modules in the healthcare, marine, horticulture, and fishing sector will propel the LED market.
