Global Chip on Board (COB) Light Emitting Diode Market
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.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.