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.
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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.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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