Global Chip-On-Board Light Emitting Diodes Market, By Type (Organized Structure, Unorganized Structure), Application (Automotive, Backlighting, Illumination), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Chip-On-Board Light Emitting Diodes Market
The chip-on-board light emitting diodes market will reach at an estimated value of USD 19.1 billion and grow at a CAGR of 38.67% in the forecast period of 2021 to 2028. Rise in the urbanization and industrialization is an essential factor driving the chip-on-board light emitting diodes market.
Chip-on-board light emitting diodes are defined as a new technology that is used to pack or collect the multiple LED into one lighting module. They are energy efficient and require very less space. They are extensively used for many industrial and commercial purposes as they have the ability to provide better color mixing.
Rise in the demand for energy efficient lighting technique is a crucial factor accelerating the market growth, also increase in the technological advancement and development in chip-on-board light emitting diodes and rise in the government support are the major factors among others boosting the chip-on-board light emitting diodes market. Moreover, increasing technological advancements and modernization in the production techniques and rise in the research and development activities and rising demand from the emerging economies will further create new opportunities for chip-on-board light emitting diodes market in the forecast period mentioned above.
However, high cost of the chip-on-board light emitting diodes, rise in the complexity associated with the manufacturing of chip-on-board light emitting diodes and lack of awareness about COB LED are the major factors among others restraining the market growth, and will further challenge the chip-on-board light emitting diodes market in the forecast period mentioned above.
This chip-on-board light emitting diodes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the chip-on-board light emitting diodes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Chip-On-Board Light Emitting Diodes Market Scope and Market Size
The chip-on-board light emitting diodes market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the chip-on-board light emitting diodes market is segmented into organized structure and unorganized structure.
- The chip-on-board light emitting diodes market is also segmented on the basis of application into automotive, backlighting and illuminations. Automotive has been further segmented into interior and exterior. Exterior has been further sub segmented into headlamp, sidelight, DRLs and rear light. Backlighting has been further segmented into LED television, monitor, handhelds and screen display lighting. Illumination has been further segmented into residential, office space, industrial, shop area, hospitality industry, outdoor lighting and architectural.
Chip-On-Board Light Emitting Diodes Market Scope Country Level Analysis
The chip-on-board light emitting diodes market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the chip-on-board light emitting diodes market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the chip-on-board light emitting diodes market due to increase in the technological advancement and development in chip-on-board light emitting diodes and rise in the government support in this region. Europe is the expected region in terms of growth in chip-on-board light emitting diodes market due to rise in the demand for energy efficient lighting technique in this region.
The country section of the chip-on-board light emitting diodes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Chip-On-Board Light Emitting Diodes Market Share Analysis
The chip-on-board light emitting diodes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to chip-on-board light emitting diodes market.
The major players covered in chip-on-board light emitting diodes market report are OSRAM Opto Semiconductors GmbH, CITIZEN ELECTRONICS CO., LTD, Cree, Inc, EVERLIGHT, Tridonic, Sharp Devices Europe., ProPhotonix, Luminus, Inc., Bridgelux, Inc., LG INNOTEK., SAMSUNG, Trans-Lux Corporation, NICHIA CORPORATION, ACUITY BRANDS LIGHTING, INC, Mouser Electronics, Inc., Excelitas Technologies Corp., Havells India Ltd., Lumileds Holding B.V, molex, Shenzhen TongYiFang (TYF) Optoelectronic Technology Co., Ltd. and Component Distributors Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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