Industry Background:
COB (Chip on Board) LED (Light Emitting Diode) refers to LED in which die is directly placed on PCB (Printed Circuit Board) which eliminated the need for secondary LED packages. Technological advancement in the LED lightening technology further propelling market growth. For instance, Samsung launched T-Series COB LED lights. These lights deliver finely tunable lighting solutions for enhancing an emotional atmosphere with two color temperatures modules. Moreover, increasing demand from the developing economies and government initiatives to promote LED lights expected to drive the demand for COB LEDs.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Osram Opto Semiconductors GmbH (Germany), Citizen Electronics Co. Ltd. (Japan), Cree Inc. (United States), GE Lighting (United States), Philips Lumileds Lighting Co. (Netherlands), Samsung Electronics Co. Ltd. (South Korea), Everlight Electronics Co. Ltd. (Taiwan), LG Innotek Co. Ltd. (South Korea) and Lumens Co., Ltd. (South Korea) |
According to AMA, the market for COB LED is expected to register a CAGR of 18.3% during the forecast period to 2030. This growth is primarily driven by Government Initiatives to Promote LED Lights and Low Production Cost LEDs.
Globally, a noticeable market trend is evident Development of Miniaturized Design for COB LEDs
Major Manufacturers, such as Osram Opto Semiconductors GmbH (Germany), Citizen Electronics Co. Ltd. (Japan), Cree Inc. (United States), GE Lighting (United States), Philips Lumileds Lighting Co. (Netherlands), Samsung Electronics Co. Ltd. (South Korea), Everlight Electronics Co. Ltd. (Taiwan), LG Innotek Co. Ltd. (South Korea) and Lumens Co., Ltd. (South Korea), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global COB LED market is fragmented, with large and medium-sized players accounting for the majority of market profits. Many players are arranging various strategies, entering into mergers and acquisitions, and introducing more COB LED.
Key Developments in the Market:
In October 2023, MLS Co., Ltd. announces plans to merge with Foshan Nationstar Optoelectronics Technology Co., Ltd., creating a major player in the LED packaging industry, including COB LEDs.
Influencing Trend:
Development of Miniaturized Design for COB LEDs and Technological Advancement in the Energy Efficient Lightning Technologies
Market Growth Drivers:
Government Initiatives to Promote LED Lights and Low Production Cost LEDs
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Lack of Skilled Technical Professionals
Opportunities:
Increasing Adoption of COB LEDs in Horticulture and Rising Demand from the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in COB LED Market
- Analysis about New Entrants in COB LED Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, COB LED Study Sheds Light on
The COB LED Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the COB LED industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where COB LED industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.