The latest Chip-on-Board LED Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Chip-on-Board LED Market is valued approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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The chip on board (CoB) method of light-emitting diode (LED) packaging involves directly mounting the uncoated semiconductor parts on a substrate or PCB with the aid of conductive or non-conductive adhesive, followed by wire bonding to provide electrical connectivity. This kind of package design is more adaptable and has a superior capability for distributing light. The most essential benefit of COB LEDs is that they take up less space. They also save a lot of energy, have a long lifespan, are more reliable, have better thermal management, and are of good quality. The major driving factor for the market are rising number of consumer electronics and growing government support. The factors that are creating lucrative growth opportunity for the market are energy use and carbon footprint reduction.
For instance, as per the government Office for Science, the number of chip on board LED is projected, in 2006 the number were only 13 million of consumer electronics and this is projected to grow up to 150 million in year 2024. Additionally, industry is growing as a result of technological advancements in LED lighting. Samsung, for instance, unveiled its T-Series COB LED lights. With two colour temperatures modules, these lamps provide precisely controllable lighting solutions for developing an emotional ambience. However, the high cost of Chip-on-Board LED stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Chip-on-Board LED Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of production and consumption, Asia Pacific commands the highest share of the worldwide chip on board LED market. Due to government incentives to use COB LEDs and the existence of several market participants, Taiwan, Japan, and China are the main drivers of the industry’s growth. The European region is fastest growing region over the forecast period. Due to government assistance and rising use of ultra-modern lighting across a range of industries,
Major market players included in this report are:
OSRAM GmbH
Samsung Electronics Co. Ltd.
Citizen Electronics Co. Ltd.
Everlight Electronics Co. Ltd.
Seoul Semiconductor Co. Ltd.
Nichia Corporation
Lumileds
Everlight Electronics Co. Ltd.
Cree Inc.
Philips LumiLEDs Lighting Company
LG Innotek Co. Ltd.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Application:
Automotive
Backlighting
Illumination
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Some Questions Answered in the Global Chip-on-Board LED Market Report:
- What is the projected size of the global Chip-on-Board LED market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Chip-on-Board LED industry?
- What are the major market trends that are affecting the expansion of the Chip-on-Board LED market?
- What obstacles must be overcome in order to achieve sustained growth in the Chip-on-Board LED market?
- What opportunities and threats do vendors in the global Chip-on-Board LED market face?
- What are the raw materials and manufacturing equipment used in the production of Chip-on-Board LED Market, and what is the manufacturing process?
- What are the different types and applications of Chip-on-Board LED Market, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Chip-on-Board LED market?
- What factors are driving the growth of the Chip-on-Board LED market in the top regions worldwide?
- Who are the major players in the global Chip-on-Board LED market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Chip-on-Board LED market?
- What are the main findings of a five forces analysis of the global Chip-on-Board LED market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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