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Chip On Board (COB) LED Market Insights:
The chip on board LED market is expected to garner significant traction. The growing demand for energy-efficient lighting solutions would drive the market growth. Market Research Future (MRFR) expects that by 2032, the global chip on board LED market will grow to USD 8.4 BN from USD 1.9 BN in 2022, with an 18.10% CAGR throughout the review period (2023-2032).
The use of COB LEDs in lighting applications is growing rapidly. Chip on board (COB) LEDs demonstrate a wide range of application possibilities. These devices could be used for higher-output general lighting. However, the primary COB LED application is solid-state lighting (SSL) replacements for metal-halide lamps used in street, high-bay, and high-output track lights & down lights.
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Key Players:
are the notable vendors in the Chip On Board (COB) LED market.
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Chip On Board (COB) LED Market Regional Analysis:
North America dominates the global chip on board LED market. The large presence of major technology providers, producers, and suppliers in this region drives the chip on board LED market growth. Many COB LED providers like Cree, Lumileds, and Nichia Corporation offer a wide range of products for various applications. Besides, the high adoption of COB LEDs in the automotive and horticultural lighting sectors substantiates the region’s market share.
Chip On Board (COB) LED Market Segmentation:
This market is segmented into materials, applications, and regions. The material segment comprises MCPCBs and ceramics. The application segment comprises general lighting, backlighting, and automotive lighting. By region, the market comprises the Americas, Asia-Pacific, Europe, and the rest of the world.
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Sep. 26, 2023 — Dahua launched a new flip chip on board LED display, the CH II. The new display surface luminescence provides softer, pixel-free illumination, helping to counter digital visual fatigue. Incorporating Dahua’s flip chip on board (COB) technology for LED displays, CH II ensures uniform color from all viewing angles, perfects ink color parameters, and addresses & eliminates the industry challenge of ink color discrepancies.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
