The global chip-on-board LED market is expected to attain considerable growth in the coming years. Market Research Future (MRFR) states that the market valuation will reach a projected figure of USD 5,261.8 million by the end of 2023. Additionally, the market is expected to grow during the forecast period at a massive CAGR of 17.88%.
The growing adoption of solid-state lighting technology compared to conventional traditional lighting is one of the primal factors paving the growth wave of the chip-on-board LED market. The increasing impetus placed by governments across the world for promoting the use of energy efficient lighting has prompted an increasing in demand for LED lighting. Chip-on-board LED boasts several key advantages like high light efficacy, reduced power requirements, smaller number of solder joints, and enhanced thermal management. All these advantages are attracting high growth towards the market. However, complexity involving the use of manufacturing chip-on-board LED process that involves mounting, selection, and interconnection of discrete devices can go on to severely hamper the growth of the market.
Market Segmentation
The global chip-on-board LED market segments into the following key dynamics: application and material.
By material, the market includes MCPCB and ceramic. Ceramic is the typically the most used material in the global landscape and is expected to be the leading segment over the forecast period. The growth of the segment is primarily due to its better thermal performance level.
By application, the market comprises backlighting, general lighting, automotive lighting, and others. Herein, the general lighting segment is broken down into commercial, residential, and industrial. Whereas, the backlighting segment is narrowed down into televisions, tablets, smartphones, monitors, and others. Lastly, under automotive lighting, the segment is divided into exterior and interior lighting.
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Competitive Landscape
The key players identified and highlighted in the global chip-on-board LED market are as follows: Cree Inc. (US), Osram Opto Semiconductors GmbH (Germany), Philips Lumileds Lighting Co. (Netherlands), Seoul Semiconductor Co. Ltd. (South Korea), Citizen Electronics Co. Ltd. (Japan), Everlight Electronics Co. Ltd. (Taiwan), Lumens Co., Ltd. (South Korea), GE Lighting (US), LG Innotek Co. Ltd. (South Korea), Samsung Electronics Co. Ltd. (South Korea), and others. These players contribute majorly to the overall growth of the market. Some of the other players that are contributing to the growth of the chip-on-board LED market are Cooper Lighting (US), Prophotonix (US), Bridgelux Inc. (US), LumiShore Ltd (UK), Leiso Lighting Tech. Ltd (China), and others.
Regional Analysis
The global chip-on-board LED market is projected to grow during the forecast period at a rapid pace as was slated beforehand. The geographical analysis of the market revealed that the Asia Pacific region held the highest share globally. The region is further expected to drive the maximum shares in the coming years in terms of manufacturing and usage. The region is ably supported by the presence of regions like China, South Korea, and Taiwan. This is due to the number of large vendors present in the market. Some of the renowned providers in the chip-on board LED space like Seoul Semiconductors, Citizen Electronics, and Samsung Electronics are based out of Asia Pacific, however, they have a huge customer base in the region. China is anticipated to experience the highest growth percentage over the forecast period owing to the continuous efforts put in by the government in terms of incentives and subsides in the region.
TABLE OF CONTENTS:
- MARKET INTRODUCTION
- RESEARCH METHODOLOGY
- MARKET DYNAMICS
- EXECUTIVE SUMMARY
- MARKET FACTOR ANALYSIS
- QUANTUM DOTS MARKET, BY SEGMENTS
- COMPETITIVE ANALYSIS
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According to Market Research Future (MRFR), the global Chip-on-board LED market was valued at USD 2.01 billion in 2017 and is estimated to reach USD 5.26 Billion by the end of forecast period with a CAGR of 17.88%.
Chip-on-board LED Market report provides a comprehensive analysis of this industry vertical while highlighting the key growth factors, opportunities, and constraints expected to shape the market dynamics during the forecast period.
Statistical report provides broad research on key players and in-depth insights covering the competitive edge of trending players.
Government's growing focus around the world on promoting energy-efficient lighting has led to increased demand for LED lighting.
In addition to government initiatives, chip-on-board LEDs have several advantages such as lower power requirements; high light efficiency, better thermal management, and a smaller number of solder joints that reduce the risk of performance losses.
Increasing investment in infrastructure development is also expected to further stimulate growth in the LED chip-on-board market.Key players operating in the market are keen to invest heavily which will transform the consumer and business landscape in the future are– Citizen Electronics Co. Ltd. (Japan), Osram Opto Semiconductors GmbH (Germany), Cree Inc. (US), GE Lighting (US), Seoul Semiconductor Co. Ltd. (South Korea), Philips Lumileds Lighting Co. (Netherlands), Samsung Electronics Co. Ltd. (South Korea), LG Innotek Co. Ltd. (South Korea) Everlight Electronics Co. Ltd. (Taiwan), and Lumens Co., Ltd. (South Korea).
The global LED Chip and Module Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the led chip and module market include Epistar, San’an Opto, Cree, Osram, Samsung, Toyoda Gosei, Seoul Semiconductor, Philips Lumileds, ETI, LG Innotek, NiChia.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global LED Chip and Module Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/led-chip-and-module-market/download-sampleMarket DynamicsThe key driving factor for LED chips and modules is the reduced cost of manufacturing LED owing to technological advancements and extensive research and development activities, in turn, has considerably reduced the retail price of LED, thereby increasing its demand among consumers.
Another factor positively impacting the LED module market is the increasing adoption of LED lights by the automotive industry since LED modules are lightweight because of 3D printing capabilities.
Furthermore, low energy consumption, exceptional brightness and contrast, and increasing use of LED modules in the healthcare, marine, horticulture, and fishing sector will propel the LED market.
The latest trending report Global LED Chip and Module Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The LED Chip and Module market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.The global LED Chip and Module market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.8%% in the forecast period of 2020 to 2025 and will expected to reach USD 49640 million by 2025, from USD 41180 million in 2019.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/14466-led-chip-and-module-market-analysis-reportThe major players covered in LED Chip and Module are:EpistarPhilips LumiledsOSRAMSan’an OptoSeoul SemiconductorCreeLG InnotekToyoda GoseiSamsungETIOPTO-TECHFormosa EpitaxyNiChiaAucksunTyntekLattice PowerHC SemiTekChangelightGenesis PhotonicsLextarTongFangBy Type, LED Chip and Module market has been segmented intoLateral ChipVertical ChipFlip ChipBy Application, LED Chip and Module has been segmented into:General LightingAutomotive LightingBacklightingThe report offers in-depth assessment of the growth and other aspects of the LED Chip and Module market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global LED Chip and Module Market @ https://www.decisiondatabases.com/contact/download-sample-14466The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe LED Chip and Module product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of LED Chip and Module, with price, sales, revenue and global market share of LED Chip and Module in 2018 and 2019.Chapter 3, the LED Chip and Module competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the LED Chip and Module breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, LED Chip and Module market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe LED Chip and Module sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global LED Chip and Module Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-14466Other Reports by DecisionDatabases.com:Global Capacitive Touch Panel Modules & Materials Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global IGBT Module Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Wi-Fi Modules Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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