The global chip on board (COB) light emitting diode (LED) market is growing, due to increasing investments in infrastructure, increasing need for energy efficient lighting, and regulatory initiatives. The advancement on design front is one of the major factors, providing ample growth opportunities for the global chip on board light emitting diode market. Two of the major factors restraining the growth of the global market are cost benefit of competing technologies and manufacturing complexity of chip on board light emitting diode.
The chip on board light emitting diode requires less space, has greater reliability and is energy efficient. Additionally, they also offer homogenous luminosity and high intensity, which makes them more suitable for high power applications. Consumers are adopting chip on board light emitting diode at a rapid rate, due to the introduction of solid lighting technology in them. The increased adoption of chip on board light emitting diode by various lighting application segments, for gaining benefit over traditional technologies, such as incandescent lighting and CFL is also supporting the growth of the global market.
Among the various regions, the Asia-Pacific market led the global market in 2014, and is also expected to maintain its dominance during the forecast period. Moreover, the Asia-Pacific market is also expected to grow with the highest rate in the coming years. This is due to increasing government initiatives of choosing chip on board light emitting diode over traditional technologies, and large number of market participants in the region. As the production of COB LED needs huge capital investment, the debt crisis in Europe has negatively impacted the demand of chip on board light emitting diode in the region. The North American market is expected to grow in the coming years, due to growing usage of ultra-modern lighting in several industries and government support. Dubai is also contributing to the growth of the global market, due to huge investments in infrastructure activities in the country.
Among the various applications, the illumination segment led the global market in 2014 and is also expected to grow with the highest rate during the forecast period. This is due to enhanced wide area light radiating property of COB LED. The backlighting application of COB LED is also expected to grow with a considerable rate in the coming years, due to growing number of applications in LED televisions, monitors, and handheld devices.
Chip on board is a technology of LED packaging through which, the uncoated semiconductor elements are precisely mounted on a PCB with the support of a non-conductive or conductive adhesive. This form of packaging delivers better light distribution capacity and presents enhanced flexibility. Chip on board light emitting diode have better thermal management, a long life span, greater reliability, considerable energy saving capability, and less space requirement. COB LED offers homogenous luminosity and high intensity to be used in high power applications.
Some of the competitors in the global market are OSRAM GmbH, Samsung Electronics Co. Ltd., LG Innotek Co. Ltd., Citizen Electronics Co. Ltd., Lumileds Holding B.V., Everlight Electronics Co. Ltd., and Seoul Semiconductor Co. Ltd.
Global Chip on Board (COB) Light Emitting Diode (LED) Market Segmentation
"The publication added to our knowledge and was useful to build our strategies. We are impressed by the post purchase service, especially the customization service provided by the analysts"
"I appreciate the turnaround time for our ad hoc request. The deliverable received was as per our expectation. We would be glad to work with you again."
“The analysts of your company are just too good, and they’ve just been so kind in their support. Hats off to their approach, and looking forward to work on more projects with you.”
“P&S offered us with great extensive research, each time we required. The accuracy of delivery, content, and research has been highly appreciated by our company.”
“I’m so glad to have found the company while goggling. The people are very transparent in their approach, and I liked all of that, especially customer service, and timely delivery.”
“Great team of healthcare industry analysts, and I’ve always got the research I looked for. Great Job..!”