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NEW YORK , March 15, 2022 /PRNewswire/ -- The Chip-on-Board (COB) LED Market Share is expected to increase by USD 1.89 billion from 2021 to 2026, according to the recent market study by Technavio.
Segmentation by Application (In-Scope/Out-of-Scope)
The chip-on-board (COB) LED market share growth by the general lighting segment will be significant during the forecast period. The use of COB LEDs in street lighting and flood lighting is one of the factors driving the growth of the market. COB LED street and flood lighting solutions offer several advantages, including higher light intensity, smaller size, better temperature management, longer product life cycle, and lower price, compared with conventional street/flood lighting solutions such as CFLs and sodium lamps. With the increase in investments in smart city projects across the globe, the adoption of efficient lighting solutions for indoor and outdoor lighting applications is rising. Smart city projects focus on the efficient utilization of resources. COB LEDs are increasingly being used for smart city projects as they are energy-efficient and help in reducing carbon emissions and maintenance costs.
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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Chip-on-Board (COB) LED Market includes the following core components:
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The chip-on-board (COB) LED market is fragmented and the vendors are deploying growth strategies such as increasing the product or service extensions, M and A, and innovations in technology to compete in the market.
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Learn More about Key Driver & Challenge of the Market-
Manufacturers of COB LEDs have been increasingly focusing on improving the quality and intensity of light generated by COB LEDs. They are increasingly incorporating new technologies to provide enhanced COB LED lighting products. This includes the adoption of tunable lighting in COB LEDs. Tunable lighting enables users to adjust the color temperature of LED lights. LED lighting can be changed/dimmed to provide warm light or cool light. The adoption of lighting solutions based on tunable lighting is gaining traction in commercial and residential establishments, including commercial spaces such as retail stores, hotels, office spaces, and hospitals, as well as residential places such as homes and apartment lobbies. An increasing number of vendors are focusing on launching COB LEDs with tunable lighting features. The increasing innovations in COB LEDs will likely drive their adoption during the forecast period.
The CSP LED technology has been studied extensively as it allows a reduction in the LED chip size due to the elimination of the packaging step. This makes the overall cost of production low. Its small factor has made it a major choice to be integrated into smartphones and TV displays to reduce the overall size of the device. Owing to the absence of wired connections, the direct contact with electrodes, and the enhanced heat dissipation ability, CSP LEDs can withstand a higher value of current for the same temperature compared with COB LEDs. This reduces the packaging requirements of CSP LEDs, further reducing manufacturing costs. CSP LEDs are gaining momentum in the global LED market, mainly because of features such as the increased power density at a smaller surface and the optimal use of LED dyes. As a result, several vendors in the market are introducing CSP LED products.
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Chip-on-Board (COB) LED Market Scope
Decelerate at a CAGR of 11.4%
APAC, Europe, North America, South America, and Middle East and Africa
US, China, South Korea, Japan, and Germany
Leading companies, competitive strategies, consumer engagement scope
ams AG, Boston Electronics Corp., Bridgelux Inc., Citizen Watch Co. Ltd., Hongli Zhihui Group Co Ltd, Everlight Electronics Co. Ltd., Excelitas Technologies Corp., Lextar Electronics Corp., LG Innotek, Lumens Co. Ltd., Luminus Inc., Mouser Electronics Inc., Neumuller Elektronik GmbH, Nichia Corp., PerkinElmer Inc., Power Palazzo Pvt Ltd., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc. , and Silicon Lightworks LLC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 11: Offerings of vendors included in the market definition
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 13: Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Five forces analysis 2021 & 2026
Exhibit 18: Bargaining power of buyers
Exhibit 19: Bargaining power of suppliers
Exhibit 20: Threat of new entrants
Exhibit 23: Market condition - Five forces 2021
The segments covered in this chapter are General lighting, Automotive lighting , and Backlighting.
Exhibit 24: Application - Market share 2021-2026 (%)
Exhibit 25: Application - Market share 2021-2026 (%)
5.3 General lighting - Market size and forecast 2021-2026
Exhibit 28: General lighting - Market size and forecast 2021-2026 ($ million)
Exhibit 29: General lighting - Market size and forecast 2021-2026 ($ million)
Exhibit 30: General lighting - Year-over-year growth 2021-2026 (%)
Exhibit 31: General lighting - Year-over-year growth 2021-2026 (%)
5.4 Automotive lighting - Market size and forecast 2021-2026
Exhibit 32: Automotive lighting - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Automotive lighting - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Automotive lighting - Year-over-year growth 2021-2026 (%)
Exhibit 35: Automotive lighting - Year-over-year growth 2021-2026 (%)
5.5 Backlighting - Market size and forecast 2021-2026
Exhibit 36: Backlighting - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Backlighting - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Backlighting - Year-over-year growth 2021-2026 (%)
Exhibit 39: Backlighting - Year-over-year growth 2021-2026 (%)
Exhibit 40: Market opportunity by Application ($ million)
The regions covered in this chapter are APAC, Europe , North America , South America , and Middle East and Africa .
Exhibit 42: Market share by geography 2021-2026 (%)
Exhibit 43: Market share by geography 2021-2026 (%)
7.3 APAC - Market size and forecast 2021-2026
Exhibit 46: APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 47: APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 48: APAC - Year-over-year growth 2021-2026 (%)
Exhibit 49: APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 50: Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 54: North America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: North America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: North America - Year-over-year growth 2021-2026 (%)
Exhibit 57: North America - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 58: South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: South America - Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 62: Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 65: Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.8 China - Market size and forecast 2021-2026
Exhibit 66: China - Market size and forecast 2021-2026 ($ million)
Exhibit 67: China - Market size and forecast 2021-2026 ($ million)
Exhibit 68: China - Year-over-year growth 2021-2026 (%)
Exhibit 69: China - Year-over-year growth 2021-2026 (%)
7.9 US - Market size and forecast 2021-2026
Exhibit 70: US - Market size and forecast 2021-2026 ($ million)
Exhibit 71: US - Market size and forecast 2021-2026 ($ million)
Exhibit 72: US - Year-over-year growth 2021-2026 (%)
Exhibit 73: US - Year-over-year growth 2021-2026 (%)
7.10 Germany - Market size and forecast 2021-2026
Exhibit 74: Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Germany - Year-over-year growth 2021-2026 (%)
Exhibit 77: Germany - Year-over-year growth 2021-2026 (%)
7.11 South Korea - Market size and forecast 2021-2026
Exhibit 78: South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 79: South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 80: South Korea - Year-over-year growth 2021-2026 (%)
Exhibit 81: South Korea - Year-over-year growth 2021-2026 (%)
7.12 Japan - Market size and forecast 2021-2026
Exhibit 82: Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Japan - Year-over-year growth 2021-2026 (%)
Exhibit 85: Japan - Year-over-year growth 2021-2026 (%)
Exhibit 86: Market opportunity by geography ($ million)
8.1.1 Technological innovations in COB LEDs
8.1.2 Growing adoption of COB LEDs in smart lighting
8.1.3 Growing demand from the automotive sector
8.3 Impact of drivers and challenges
Exhibit 87: Impact of drivers and challenges
8.4.1 Adoption of COB LEDs in horticulture
8.4.2 Development of high-color rendering index (CRI) COB LEDs
8.4.3 Growing interest in human-centric lighting
Exhibit 92: Market positioning of vendors
Exhibit 93: Bridgelux Inc. - Overview
Exhibit 94: Bridgelux Inc. - Product / Service
Exhibit 95: Bridgelux Inc. - Key offerings
Exhibit 96: Citizen Watch Co. Ltd. - Overview
Exhibit 97: Citizen Watch Co. Ltd. - Business segments
Exhibit 98: Citizen Watch Co. Ltd. - Key offerings
Exhibit 99: Citizen Watch Co. Ltd. - Segment focus
10.5 Hongli Zhihui Group Co Ltd
Exhibit 100: Hongli Zhihui Group Co Ltd - Overview
Exhibit 101: Hongli Zhihui Group Co Ltd - Product / Service
Exhibit 102: Hongli Zhihui Group Co Ltd - Key offerings
Exhibit 103: Everlight Electronics Co. Ltd. - Overview
Exhibit 104: Everlight Electronics Co. Ltd. - Business segments
Exhibit 105: Everlight Electronics Co. Ltd. - Key offerings
Exhibit 106: Everlight Electronics Co. Ltd. - Segment focus
Exhibit 107: Excelitas Technologies Corp. - Overview
Exhibit 108: Excelitas Technologies Corp. - Product / Service
Exhibit 109: Excelitas Technologies Corp. - Key offerings
Exhibit 111: Lextar Electronics Corp. - Business segments
Exhibit 112: Lextar Electronics Corp. - Key offerings
Exhibit 113: Lextar Electronics Corp. - Segment focus
Exhibit 114: LG Innotek - Overview
Exhibit 115: LG Innotek - Business segments
Exhibit 116: LG Innotek - Key news
Exhibit 117: LG Innotek - Key offerings
Exhibit 118: LG Innotek - Segment focus
Exhibit 119: Lumens Co. Ltd. - Overview
Exhibit 120: Lumens Co. Ltd. - Product / Service
Exhibit 121: Lumens Co. Ltd. - Key offerings
Exhibit 122: Luminus Inc. - Overview
Exhibit 123: Luminus Inc. - Product / Service
Exhibit 124: Luminus Inc. - Key offerings
Exhibit 125: SMART Global Holdings Inc. - Overview
Exhibit 126: SMART Global Holdings Inc. - Business segments
Exhibit 127: SMART Global Holdings Inc. - Key offerings
Exhibit 128: SMART Global Holdings Inc. - Segment focus
11.3 Currency conversion rates for US$
Exhibit 130: Currency conversion rates for US$
Exhibit 132: Validation techniques employed for market sizing
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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