Market Overview
From 2021 to 2026, the chip-on-board (COB) LED market share is predicted to grow by USD 1.89 billion, a CAGR of 11.4 percent.
The latest method for putting several LEDs into one lighting module is chip on board (COB) Light Emitting Diode (LED). The makers bond LED chip diodes to the PCB, causing thermal conductivity to shift towards the circuit board, leading in lesser heat emission. Because of its extended life duration and brightness, LED lighting is chosen over traditional lighting. Normal LEDs, on the other hand, might create unwelcome glare, which is corrected in COB LEDs. Chip on board LED lights also give increased intensity and homogeneous luminance, resulting in an increase in need for chip on board LED lights around the world.
Market Segmentation
By Type
The material depending on chip on board LED market segments is segmented into MCPCB and ceramic. Ceramic has been identified as the most commonly used material among these two, having been used as a substrate with good thermal performance. The chip on board LED market is split into general illumination, backlighting, and other applications, depending on the application. Aside from that, the backlighting is divided into smartphones, monitors, tablets, televisions, and a variety of other devices. General lighting is divided into three categories: commercial, domestic, and industrial, while lighting is divided into two categories: interior and lighting units.
By Technology
The sophisticated technology employed here is chip onboard technology, which results in the development of a multi-led chips module. Technology has led to the development of LED chip diodes that are embedded in PCBs, causing thermal conductivity to shift it up toward the circuit onboard. Low heat emissions have been achieved thanks to technological advancements. Designer and unique LED lights were created thanks to the usage of superior technologies. Technology has also reduced the cost of lighting and simplified the manufacturing process for LED lights, increasing demand for chip on board LEDs.
Regional Classification
During the onboard LED market forecast period of 2018 to 2023, the chip on board sector develops at a very quick speed globally. Geographically, the market includes North America, Asia Pacific, parts of Europe, as well as other parts of the globe. During the market forecast timeframe, the Asia Pacific area was shown to be the most prominent. It takes the LED market into account in terms of manufacturing techniques and application.
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Industry News
The technological advances in COB LEDs are one of the primary drivers leading growth in the chip-on-board (COB) LED industry. COB LED manufacturers have been concentrating their efforts on improving the quality as well as intensity of light produced by COB LEDs. To deliver improved COB LED lighting solutions, they are beginning to incorporate new technology. Tunable illumination in COB LEDs is one example of this.
Users can change the colour temperature of LED lights with tunable lighting. Warm or cool light can be produced by changing or dimming LED illumination. Lighting systems based on adjustable lighting are becoming more popular in commercial and residential settings, including retail outlets, hotels, as well as hospitals, as well as houses and apartment lobbies.
Another element driving the chip-on-board (COB) LED market share rise is the use of COB LEDs in horticulture.