Chip-on-board LED Market : An Escalating Sector with Projected Growth to USD 5.2 Billion by 2030 | 18.10% CAGR

CHIP-ON-BOARD LED Market Insights:

According to MRFR analysis, the global Chip-on-board LED market is expected to register a CAGR of ~18.10% from 2022 to 2030 and hold a value of over USD 5.2 Billion by 2030.

The chip-on-board LED market refers to the market for light-emitting diodes (LEDs) that are directly mounted onto a circuit board, without a separate package. Chip-on-board (COB) LEDs offer several advantages, including compact size, high energy efficiency, and better thermal management. The COVID-19 pandemic has had a notable impact on the chip-on-board LED market. On one hand, the increased focus on healthcare and sanitation measures during the pandemic has led to a rise in demand for LED lighting solutions in hospitals, healthcare facilities, and public spaces. The energy efficiency and long lifespan of COB LEDs make them suitable for such applications. However, the pandemic has also caused disruptions in the global supply chain, affecting the production and availability of COB LEDs. The closure of manufacturing facilities and restrictions on international trade have led to delays and shortages in the market.

Get a Complete PDF @ https://www.marketresearchfuture.com/sample_request/7030   

Key Players:

• Osram Opto Semiconductors GmbH (Germany)
• Citizen Electronics Co. Ltd. (Japan)
• Cree Inc. (US)
• Seoul Semiconductor Co. Ltd. (South Korea)
• GE Lighting (US)
• Philips Lumileds Lighting Co. (Netherlands)
• Samsung Electronics Co. Ltd. (South Korea)
• Everlight Electronics Co. Ltd. (Taiwan)
• LG Innotek Co. Ltd. (South Korea),

are the notable vendors in the CHIP-ON-BOARD LED market.

Get Complete Report Details@ https://www.marketresearchfuture.com/reports/chip-on-board-led-market-7030   

CHIP-ON-BOARD LED Market Regional Analysis:

North America holds a significant share due to the widespread adoption of LED lighting solutions in various sectors, including residential, commercial, and automotive applications. Europe also plays a prominent role, driven by stringent energy efficiency regulations and the push towards sustainable lighting solutions. The Asia-Pacific region, particularly China, is a major market for chip-on-board LEDs, driven by the presence of key manufacturers and the growing demand for energy-efficient lighting. Additionally, the Middle East and Africa region is witnessing growth due to infrastructure development and government initiatives promoting energy-efficient lighting solutions. Latin America also presents opportunities for market expansion, driven by increasing urbanization and the need for efficient lighting technologies.

CHIP-ON-BOARD LED Market Segmentation:

The Global Chip-on-board LED market has been segmented into Material and Application       

By Material: MCPCB and Ceramic

By Application: General Lighting, Backlighting and Automotive Lighting

Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7030   

Read More Article-

Field Programmable Gate Array (FPGA) Market Research Report – Forecast 2030 

Autonomous Vehicles Market Research Report – Global Forecast till 2030

Solid State Drive (SSD) Market Research Report – Global Forecast till 2030   

Automated Material Handling Market Research Report – Global Forecast till 2030       

3D Printing Market Research Report – Global Forecast till 2030     

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Tags: Chip-On-Board LED Market Trends, Chip-On-Board LED Market Share, Chip on Board LED Market Size, Chip-On-Board LED Market Growth, Chip on Board LED Market See Campaign: https://www.marketresearchfuture.com/reports/chip-on-board-led-market-7030

Contact Information:

Market Research Future 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Sales: +1 628 258 0071(US) +44 2035 002 764(UK Email: sales@marketresearchfuture.com

Tags:
Wire, Research Newswire, English