Chip-On-Board (COB) LED Market 2024-2028
The chip-on-board (COB) led market is forecasted to grow by USD 3185 mn during 2023-2028, accelerating at a CAGR of 17.1% during the forecast period. The report on the chip-on-board (COB) led market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological innovations in cob leds, rising adoption of cob leds in smart lighting, and growing demand for cob led from automotive sector.
Technavio's chip-on-board (COB) led market is segmented as below:
- By End-user
- General lighting
- Automotive lighting
- Backlighting
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the adoption of cob leds in horticulture as one of the prime reasons driving the chip-on-board (COB) led market growth during the next few years. Also, development of high-color rendering index (CRI) cob leds and growing interest in human-centric lighting will lead to sizable demand in the market.
The report on the chip-on-board (COB) led market covers the following areas:
- Chip-On-Board (COB) LED Market sizing
- Chip-On-Board (COB) LED Market forecast
- Chip-On-Board (COB) LED Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chip-on-board (COB) led market vendors that include ams OSRAM AG, Boston Electronics Corp., Bridgelux Inc., Citizen Watch Co. Ltd., Everlight Electronics Co. Ltd., Excelitas Technologies Corp., Hongli Zhihui Group Co. Ltd., LG Innotek Co. Ltd., Lumens Co. Ltd., Luminus Inc., Mouser Electronics Inc., Neumuller Elektronik GmbH, Nichia Corp., Perkin Elmer Inc., Power Palazzo Pvt Ltd., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., and Silicon Lightworks LLC. Also, the chip-on-board (COB) led market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.