Chip-on-board (CoB) Light Emitting Diode (LED) Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Chip-on-board (CoB) light emitting diode (LED) market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. LED technology is constantly being improved to improve performance, create more use cases, and make it more versatile. The chip-on-board (COB) LED refers to the mounting of an LED chip directly in contact with a substrate, such as silicon carbide (SiC) or sapphire, to produce LED arrays. COB LEDs is a newer and more advanced entrant to the market, and they have several notable advantages over older LED technologies. CoB LEDs offer higher benefits as compared with traditional LEDs such as surface-mounted LEDs or dual in-line package LEDs. Chip-on-board LEDs have higher packing density making them emit higher intensity of light and provide uniformity in light. 

This is achieved using several diodes—often nine or more—whereas older LED iterations commonly use only one (DIP LEDs) or three (SMD LEDs). Also makes it uses a single circuit design with two contacts irrespective of the number of diodes used on the chip, making LEDs far simpler. The higher intensity and greater uniformity of light reduce the energy consumption of the LED array while keeping light output constant. Thus, the demand for efficient lighting is met using chip-on-board LEDs. This is a primary factor why their application has been in great demand in sectors such as the automobile automotive industry, consumer electronics, general lighting, display and signage industry, and others. The growth of the market is also led by various measures taken by governments across the regions to promote efficient lighting technology. For instance, in February 2022, the European Union released updated regulations under the Ecodesign Directive and the Restriction of Hazardous Substances Directive that will together eliminate virtually all fluorescent lighting in 2023. Also, according to International Energy Agency, in Africa, 16 countries in the Southern African Development Community (SADC) have adopted a regionally harmonized lighting standard to push LEDs in the market pawing a way for efficient lighting with reduced cost, consumption, and carbon emission. Similarly, countries in East African Community (EAC) have also adopted lighting regulations to phase out fluorescent.

To Request a Sample of our Report on Chip-on-board (CoB) Light Emitting Diode (LED) Market:  https://www.omrglobal.com/request-sample/cob-led-market

Market Coverage

•                 The market number available for – 2022-2030

•                 Base year- 2022

•                 Forecast period- 2023-2030

Segment Covered- 

·                  By Material

·                  By Application

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

•                 Competitive Landscape- including Lumens Co., Ltd., OSRAM GmbH, Samsung Electronics Co., Ltd., Citizen Electronics Co., Ltd., Wolfspeed, Inc., and others.

A full Report of Chip-on-board (CoB) Light Emitting Diode (LED) Market is Available @  https://www.omrglobal.com/industry-reports/cob-led-market

Chip-on-board (CoB) Light Emitting Diode (LED) Market Report Segment

By Material

·                  Metal Core Printed Circuit Board (MCPCB)

·                  Ceramics

By Application

·                  General Lighting

·                  Backlighting

·                  Automotive Lighting

·                  Others (Illumination)

Chip-on-board (CoB) Light Emitting Diode (LED) Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles 

·                  3DZ S.P.A.

·                  Bridgelux, Inc. 

·                  Citizen Electronics Co., Ltd.

·                  Cooper Lighting, LLC

·                  EVERLIGHT ELECTRONICS CO., LTD. 

·                  LEISO Lighting (Dongugan) Tech Co.,Ltd

·                  Lextar Electronics Corp.

·                  LG Innotek Co., Ltd.

·                  Luminus, Inc.

·                  Lumishore

·                  NEO-NEON HOLDINGS LTD.

·                  NICHIA CORP.

·                  PerkinElmer U.S. LLC

·                  ProPhotonix Ltd.

·                  Savant Systems, Inc.

·                  Seoul Semiconductor Co., Ltd.

·                  Sharp Group

·                  Tridonic GmbH & Co KG

·                  Wolfspeed, Inc.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/cob-led-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more