chip-on-board LED market size was US$ 3.42 Bn in 2020 and is expected to reach US$ 10.82 Bn by 2027, at a CAGR of 17.88% during the forecast period.
Chip-on-board LED Market Overview:
TheChip-on-board LED market is growing because to an increasing number of technological advancements and total digital transformation in various sectors around the world. The growth of economies through digitalization is one of the major factors driving large corporations to invest heavily in digital transformation to change their business models in order to gain value-producing opportunities and stay ahead of their competitors while also improving the consistency and quality of their services. The global Chip-on-board LED Market, which comprises artificial intelligence, augmented reality, and virtual reality, as well as the internet of things, is developing thanks to the increasing number of internet-connected devices throughout the world.
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Chip-on-board LED Market Scope:
According to the forecast period 2021-2027, the Chip-on-board LED market is expected to grow at a steady rate of xx % between 2021 and 2027. The market is estimated to increase in the forecast period of 2021, as key industry players continue to complete projects.
This report includes a value-based analysis and forecast for the Chip-on-board LED market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Chip-on-board LED Market is included in this report. Chip-on-board LED Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Chip-on-board LED market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Chip-on-board LED market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Chip-on-board LED Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Chip-on-board LED Segmentation:
By application, the global COB LED market is segmented into general lighting, backlighting, and automotive lighting. Growing adoption of COB LEDs for applications such as residential, commercial, and industrial outdoor and indoor lighting applications across the globe is attributed to the growth of the market. COB LEDs are widely used for outdoor large area lighting applications such as street lighting, parking lighting, and others. Increasing shift towards LED lighting technology over incandescent and fluorescent lighting technology, ever-increasing infrastructural development and modernization of industries across the world and growing demand of IoT based smart lighting technologies and introduction of Wi-Fi control based lighting solutions for various residential, industrial and commercial applications is further impelling the growth of the market.
Moreover, increasing the adoption of floodlighting and area lighting systems for applications such as industrial warehouses and outer premises is expected to improve the growth of the market during the forecast period.
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Chip-on-board LED Key Players:
• Citizen Electronics Co. Ltd
• Cree Inc
• Seoul Semiconductor Co. Ltd
• GE Lighting
• Samsung Electronics Co. Ltd
• Everlight Electronics Co. Ltd
• LG Innotek Co. Ltd
• Mouser Electronics
• Havells India Limited
• Bridgelux Inc
• Cooper Lighting
Global Chip-on-board LED Market 2021 research report 2027 provides facts and analytical insights to provide a complete overview of the market size, share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, technology, types, and application. The research provides a thorough analysis of the global Chip-on-board LED market. The research provides a qualitative analysis, verified data from reliable sources, and market size predictions. The projections are based on well-established research methodologies. The study includes in-depth and crucial information to help readers understand the current state of the sector. Global Chip-on-board LED market research's main purpose is to give complete information on market opportunities that can help global Chip-on-board LED businesses evolve.
The report has analysed the top players in the Chip-on-board LED market in terms of size, market share, market growth, revenue, production volume, and profitability. The research reveals the growth strategies used by major players, including strategic alliances, new product creation, and so on. The research will help you obtain a better understanding of competitor pricing in the Chip-on-board LED market, allowing you to assess and design a pricing plan that is right for your product. Based on records and financial statistics with the company overview of key players/manufacturers, the research report focuses on the present market size of the Chip-on-board LED markets and their growth rates.
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Chip-on-board LED market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Report Provides -
- In addition, the Chip-on-board LED market segmentation study includes information such as type segment, industry segment, channel segment, and so on. It also provides market size, both volume and value, for each segment. Also included is client information from many industries, which is crucial for producers.
- Organization profiles of the top competitors, as well as their strategic actions and market shares are included in the Chip-on-board LED Market Report.
- Assuring and examining the macroeconomic and microeconomic elements that influence the global market, as determined by the regional analysis.
- A market overview for the global Chip-on-board LED market, as well as the identification of key aspects such as growth drivers, constraints, challenges, and possible market opportunities.
- Assurance of numerous aspects responsible for changing the market landscape, increasing future opportunities, and ensuring driving players with the ability to impact the market on a territorial scale.
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