Chip-on-board light emitting diodes (COB LED) have several advantages over traditional lighting technologies such as increased thermal resistance, better lighting effect, larger cooling area and high light efficacy. Chip-on-board light emitting diodes also provide better color mixing which adds on to their wide range of industrial and commercial applications.
Since the wide usage of COB LED, a variant of it has also emerged termed as multiple chip-on-board light emitting diode (MCOB). Though MCOB does not fulfill the standard lamp requirement for usage in spot light and floodlights, they are most efficient for low wattage situations like LED A19 bulbs.
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Chip-on-Board Light Emitting Diodes Market: Drivers and Challenges
Chip-on-board light emitting diodes market is expected to grow at a positive rate due to urbanization and increased spending on infrastructure. Also, many lighting segments are preferring COB LED over other technologies such as incandescent lamp and CFL due to various benefits identified of making use of COB LED.
In addition to this, constant technological advancements in design and cost saving through economies of scale are other driving factors of chip-on-board light emitting diodes market. The manufacturers of this technology are constantly focusing on finding new end use applications of chip-on-board light emitting diodes in order to expand the customer base of this market.
Uncertainties in the global economic condition can be a challenge which can slow down the growth of chip-on-board light emitting diodes market. Also, the manufacturing process of this technology is a bit complex as compared to its counterparts, which can also pose a threat for the demand of chip-on-board light emitting diodes market.
Chip-on-Board Light Emitting Diodes Market: Recent Contracts/Deals
Few of the recent contracts/deals in Chip-on-Board Light Emitting Diodes market are listed below:
- In November 2016, OSRAM Licht AGexpanded its presence in smart outdoor lighting systems by acquiring 47.5% stake in Tvilight B.V. (End-to-end street lighting control solutions)
- In November 2016, Everlight Electronics Co. Ltd. will be showcasing its automotive and lighting products at Electronica 2016
- In October 2016, Lumileds Holding B.V. introduced LUXEON 5050, a multi-die high power package that provides high flux at high efficacy to enable system designers to reduce LED count and cost in outdoor and indoor fixtures
- In October 2106, Cree, Inc. introduced new XLamp XQ-E and XP-E High Efficiency (HE) Photo Red LEDs that is optimized for horticulture sector
- In May 2016, Everlight Electronics Co. Ltd. launched four new ceramic high reflective packaged high power automotive LEDs with a Golden Lead Frame for exterior automotive applications
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Chip-on-Board Light Emitting Diodes Market: Regional Overview
Chip-on-Board Light Emitting Diodes market is currently dominated by Asia Pacific region due to several initiatives taken by the government for adopting COB LED and large number of manufacturers of this technology, especially in China, Japan and Taiwan.
North America and Europe chip-on-board light emitting diodes market is gaining traction due to usage of modern lighting across various industries. MEA region is also picking up pace, especially Dubai, owning to huge investments in infrastructure activities.
The report covers exhaustive analysis on
Chip-on-Board Light Emitting Diodes Market Segments
- Chip-on-Board Light Emitting Diodes Market Dynamics
- Historical Actual Market Size, 2013 – 2015
- Chip-on-Board Light Emitting Diodes Market Size & Forecast 2016 to 2026
- Value Chain
- Chip-on-Board Light Emitting Diodes Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Chip-on-Board Light Emitting Diodes Market Drivers and Restraints
Regional analysis for Chip-on-Board Light Emitting Diodes Market includes development of these systems in the following regions
- North America
- Latin America
- Europe
- Asia Pacific
- Japan
- Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Chip-on-Board Light Emitting Diodes Market: Segmentation
Segmentation on the basis of application:
- Illumination
- Residential
- Commercial
- Architecture
- Hospitality
- Outdoor
- Industrial
- Automotive
- Interior Automotive Application
- Exterior Automotive Application
- Backlighting
- LED television
- Hand-held
- Monitor
- Screen display lighting
- Others
- Medical Equipment
- Projectors
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