Chip-On-Board Light Emitting Diodes Market Future Scope: Growth, Share, Value, Insights, and Trends

Chip-On-Board Light Emitting Diodes Market Size And Forecast by 2031

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 Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.

Global Chip-On-Board Light Emitting Diodes Market Segmentation Analysis

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

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Which are the top companies operating in the Chip-On-Board Light Emitting Diodes Market?

The “Global Chip-On-Board Light Emitting Diodes Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Chip-On-Board Light Emitting Diodes Market extension. This Chip-On-Board Light Emitting Diodes Market report provides the information of the Top 10 Companies in Chip-On-Board Light Emitting Diodes Market in the market their business strategy, financial situation etc.

**Segments**

- By Product Type:
- Bare Chip-on-Board (COB) LED
- SMD Chip-on-Board (COB) LED
- By Application:
- Automotive Lighting
- Backlighting
- General Lighting
- Flash Lighting
- Others

Chip-On-Board Light Emitting Diodes (COB LED) market is expected to exhibit significant growth between 2020 and 2028, driven by the increasing demand for energy-efficient lighting solutions across various industries. In 2020, the market witnessed steady growth due to a surge in the adoption of LED lighting in residential, commercial, and industrial applications. The Bare COB LED segment dominated the market in 2020 owing to its high luminosity, longer lifespan, and better thermal management. However, the SMD COB LED segment is anticipated to gain traction during the forecast period due to its compact size and enhanced brightness levels. In terms of applications, the automotive lighting segment is projected to witness substantial growth from 2020 to 2028, fueled by the rising production of electric vehicles and the implementation of stringent regulations regarding vehicle lighting standards. The general lighting segment is also expected to grow significantly due to the increasing focus on energy conservation and sustainable lighting solutions.

**Market Players**

- Cree, Inc.
- Lumileds Holding B.V.
- Citizen Electronics
- Nichia Corporation
- OSRAM GmbH
- Samsung Electronics Co., Ltd.
- Seoul Semiconductor Co., Ltd.
- Everlight Electronics Co., Ltd.
- LG INNOTEK Co., Ltd.
- LUMINUS Devices, Inc.

Key market players in the global Chip-On-Board Light Emitting Diodes (COB LED) market have been focusing on strategic initiatives such as new product launches, collaborations, and acquisitions to strengthen their market presence and expand their product portfolio. In 2020, major players such as Cree, Inc., Lumileds Holding B.V., and NichThe global market for Chip-On-Board Light Emitting Diodes (COB LED) is witnessing significant growth and is expected to continue this trajectory between 2020 and 2028. The market is being primarily driven by the increasing demand for energy-efficient lighting solutions across various industries, such as residential, commercial, and industrial sectors. In 2020, the market experienced steady growth, propelled by the surge in the adoption of LED lighting due to its numerous benefits, including energy efficiency, longer lifespan, and better thermal management. The Bare COB LED segment emerged as the dominant product type in 2020, thanks to its high luminosity and durability. However, the SMD COB LED segment is predicted to gain momentum during the forecast period, primarily due to its compact size and enhanced brightness levels.

Among the various applications of COB LED technology, the automotive lighting segment is anticipated to witness substantial growth from 2020 to 2028. This growth can be attributed to the increasing production of electric vehicles globally and the enforcement of stringent regulations related to vehicle lighting standards. Furthermore, the general lighting segment is expected to register significant expansion owing to the growing emphasis on energy conservation and the adoption of sustainable lighting solutions across residential and commercial spaces.

Several key players are contributing to the competitive landscape of the global COB LED market. Companies such as Cree, Inc., Lumileds Holding B.V., Citizen Electronics, and Nichia Corporation are actively engaged in strategic initiatives like new product launches, collaborations, and acquisitions to strengthen their market positions and diversify their product portfolios. For example, in 2020, Cree, Inc. and Lumileds Holding B.V. made significant contributions to the market through their innovative product offerings and strategic partnerships. These players are focusing on technological advancements, quality enhancements, and geographical expansions to stay competitive in the rapidly evolving COB LED market.

Moreover, advancements in COB LED technology, such as improvements in efficacy, color rendering index (CRI), and thermal**Market Players**

The major players covered in the 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.

The rapid growth of the Chip-On-Board Light Emitting Diodes (COB LED) market is largely attributed to the increasing demand for energy-efficient lighting solutions in various sectors. The year 2020 witnessed steady market expansion driven by the widespread adoption of LED lighting in residential, commercial, and industrial applications due to its energy efficiency, longer lifespan, and superior thermal management. The Bare COB LED segment led the market in 2020 with its high luminosity

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Overview of the Chip-On-Board Light Emitting Diodes Market Research Report

The Chip-On-Board Light Emitting Diodes Market research report commences with an in-depth overview covering definitions, applications, product/service launches, developments, challenges, and regional analysis. The forecast underlines robust growth fueled by increasing consumption in diverse markets. Furthermore, the report delves into current market trends and key characteristics.

Objectives of the Report

Conduct a comprehensive investigation to forecast the value and volume of the Chip-On-Board Light Emitting Diodes Market.

Analyze and project market shares for major segments within the Chip-On-Board Light Emitting Diodes Market.

Depict the evolving landscape of the Chip-On-Board Light Emitting Diodes Market across global regions.

Examine and assess micro markets, their contributions, and growth potential within the Chip-On-Board Light Emitting Diodes Market.

Provide accurate insights into the factors driving the growth of the Chip-On-Board Light Emitting Diodes Market.

Offer a detailed analysis of key strategies adopted by major companies, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and other strategic initiatives.

Market Overview

The study concentrates on the present state of the Chip-On-Board Light Emitting Diodes Market, evaluating key statistics including CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and year-over-year growth. This thorough analysis is conducted using the latest primary and secondary research methods. Leading company profiles are scrutinized based on factors like the markets they serve, production, revenues, market shares, recent developments, and gross profit margins. The report also provides a detailed exploration of market drivers, constraints, opportunities, challenges, and trends within the market dynamics section.

Table of Contents:
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report DescriptionMarket Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
And more...

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