PUBLISHER: TechNavio | PRODUCT CODE: 1064353
PUBLISHER: TechNavio | PRODUCT CODE: 1064353
Technavio has been monitoring the chip-on-board (COB) LED market and it is poised to grow by $ 1.89 bn during 2022-2026, decelerating at a CAGR of 11.4% during the forecast period. Our report on the chip-on-board (COB) LED market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by technological innovations in COB LEDs, growing adoption of COB LEDs in smart lighting, and growing demand from the automotive sector. In addition, technological innovations in COB LEDs is anticipated to boost the growth of the market as well.
The chip-on-board (COB) LED market analysis includes the application segment and geographic landscape.
Technavio's chip-on-board (COB) LED market is segmented as below:
By Application
By Geographical Landscape
This study identifies the adoption of COB LEDs in horticulture as one of the prime reasons driving the chip-on-board (COB) LED market growth during the next few years. Also, the development of high-color rendering index (CRI) COB LEDs and growing interest in human-centric lighting will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on chip-on-board (COB) LED market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chip-on-board (COB) LED market vendors that include ams AG, Boston Electronics Corp., Bridgelux Inc., Citizen Watch Co. Ltd., Hongli Zhihui Group Co Ltd, Everlight Electronics Co. Ltd., Excelitas Technologies Corp., Lextar Electronics Corp., LG Innotek, Lumens Co. Ltd., Luminus Inc., Mouser Electronics Inc., Neumuller Elektronik GmbH, Nichia Corp., PerkinElmer Inc., Power Palazzo Pvt Ltd., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., and Silicon Lightworks LLC. Also, the chip-on-board (COB) LED market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.