According to Market Research Future (MRFR), the
global Chip-on-board LED market was valued at USD 2.01 billion in 2017 and is
estimated to reach USD 5.26 Billion by the end of forecast period with a CAGR
of 17.88%. Chip-on-board LED Market report provides a comprehensive
analysis of this industry vertical while highlighting the key growth factors,
opportunities, and constraints expected to shape the market dynamics during the
forecast period. Statistical report provides broad research on key players and
in-depth insights covering the competitive edge of trending players. Additionally,
the report provides a profound assessment of various industry segments to infer
the market's revenue forecasts during the study period.
Global demand for Chip-on-board
LED Market is expected to increase at a significant rate over the
forecast period from 2018 to 2023. Government's growing focus around
the world on promoting energy-efficient lighting has led to increased demand
for LED lighting. In addition to government initiatives, chip-on-board LEDs
have several advantages such as lower power requirements; high light
efficiency, better thermal management, and a smaller number of solder joints
that reduce the risk of performance losses.
Increasing investment in infrastructure development is also expected to
further stimulate growth in the LED chip-on-board market.
Key players operating in the market are keen to invest
heavily which will transform the consumer and business landscape in the future
are– Citizen Electronics Co. Ltd.
(Japan), Osram Opto Semiconductors GmbH (Germany), Cree Inc. (US), GE
Lighting (US), Seoul Semiconductor Co. Ltd. (South Korea), Philips Lumileds
Lighting Co. (Netherlands), Samsung Electronics Co. Ltd. (South Korea), LG
Innotek Co. Ltd. (South Korea) Everlight Electronics Co. Ltd. (Taiwan), and
Lumens Co., Ltd. (South Korea). These players contribute a substantial share in
the development of Chip-on-board LED market.
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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 LED market is bifurcated into interior
lighting and exterior lighting.
Regional Assessment:
Chip-on-board LED market geographic analysis is studied for
Europe , North America, Asia-Pacific and the rest of the world (including the
Middle East, Africa, and Latin America). Asia-Pacific is slated to dominate
the Chip-on-board LED market during the forecast period due to the largest
manufacturing and usage share among the regions mentioned. Countries such as
South Korea, Taiwan, and China contribute to the largest market share due to
the presence in these regions of a significant number of vendors.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Chip-on-board LED Market Segmentation
8. Chip-on-board LED Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape
14. Strategic Outlook
15. SWOT Analysis
16. Regional Chip-on-board LED Market Share
17. Country Chip-on-board LED Market Share
18. Revenue and Sales Forecast
If you have any requirements, let know and we will customize the
report according to your need.
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