Chip-on-Board Light Emitting Diodes (COB LEDs) Market (Updated Version Available)

Chip on board (COB) Light Emitting Diode (LED) is the latest technology of packaging multi LED into one lighting module. Chip diodes of LED are bonded into the PCB by the manufacturers, making thermal conductivity move towards the circuit board resulting in lower heat emission. LED light source is preferred over traditional lighting due to its longer life span and brightness. But normal LED may cause uncomfortable glare which is further rectified in COB LED. Furthermore chip on board LED lights provide higher intensity along with homogenous luminosity helping in the rise in demand for chip on board LED lights globally. In addition to this advancement in design through innovation along with cost savings by large scale manufacture of COB LED lights further enhances the demand for chip on board LED lights. Application wise global chip on board LED market can be segmented into automotive, illumination and backlighting among others.
Relatively new to the LED market, chip on board (COB) LEDs offer many advantages over the standard options. COB LEDs are basically multiple LED chips (typically nine or more) bonded directly to a substrate by the manufacturer to form a single module. Since the individual LEDs used in a COB are chips and not traditionally packaged, the chips can be mounted such that they take up less space and the highest potential of the LED chips can be obtained. When the COB LED package is energized, it appears more like a lighting panel than multiple individual lights as would be the case when using several SMD LEDs mounted closely together.
High demand for COB LED owing to increased adoption by several lighting application segments to gain benefit over technologies such as CFL and incandescent lighting is also expected to positively impact the global market over the next six years. Furthermore, advancements in design and cost saving through economies of scale are expected to provide significant growth opportunity for the market over the forecast period. However, the complex manufacturing process and high price coupled with fluctuating global economic conditions may be a challenge for industry participants.
The Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 - 2026.

As the report focuses on global Chip-on-Board Light Emitting Diodes (COB LEDs) Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-
Cree Inc.
Lumileds
Osram Opto Semiconductors GmbH
Samsung Electronics Co. Ltd.
LG Innotek Co. Ltd.
Citizen Electronics Co. Ltd.
Nichia Corporation
Seoul Semiconductor Co. Ltd.
Everlight Electronics Co. Ltd.
Lumens Co. Ltd
Cooper Lighting
PerkinElmer
Sharp Electronics
Lextar Electronics Corporation

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:
Organized Structure
Unorganized Structure

In Market segmentation by applications :
Automotive
Backlighting
Illumination

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Chip-on-Board Light Emitting Diodes (COB LEDs) Market for the forecast period 2020 - 2026?
• What are the driving forces in the Chip-on-Board Light Emitting Diodes (COB LEDs) Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Chip-on-Board Light Emitting Diodes (COB LEDs) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?