Global Chip on Board (COB) Light Emitting Diode Market

May 2020| VMR2131A| Verified Market Research

Report Highlights

Chip on Board (COB) Light Emitting Diode Market Size And Forecast

According to Verified Market Research, Global Chip on Board (COB) Light Emitting Diode Market is expected to grow at a CAGR of 36.9% from 2019 to 2026.

Global Chip on Board (COB) Light Emitting Diode Market Outlook

The growing implementation of the chip onboard LEDs in smart lighting is a major factor that will drive the growth of the market over the forecast period. The rapid urbanization coupled with the increasing investments in infrastructure activities is likely to support the growth of the market. The LED lights are employed in high power applications owing to the high intensity and homogenous luminosity. However, chip on board (COB) light-emitting diode involves a complex manufacturing process and high cost compared to the other similar technologies are some of the restraining factors that may affect the growth of the market. Moreover, the growing adoption of the chip onboard LEDs in horticulture owing to the technical advantages over other lightning is anticipated to propel the growth of the market. 

Global Chip on Board (COB) Light Emitting Diode Market Competitive Landscape 

The Global Chip on Board (COB) Light Emitting Diode Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as OSRAM GmbH, Samsung Electronics Co. Ltd., Citizen Electronics Co. Ltd., Everlight Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Nichia Corporation, Lumens Co. Ltd, PerkinElmer, Citizen Electronics, and Tridonic.

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