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Global Chip-on-Board LED Market to reach USD XX billion by the end of 2029

Global Chip-on-Board LED Market Size study & Forecast, by Application (Automotive, Backlighting, Illumination) and Regional Analysis, 2022-2029

Product Code: EESC-52325477
Publish Date: 10-04-2023
Page: 200

Global Chip-on-Board LED Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. The chip on board (CoB) method of light-emitting diode (LED) packaging involves directly mounting the uncoated semiconductor parts on a substrate or PCB with the aid of conductive or non-conductive adhesive, followed by wire bonding to provide electrical connectivity. This kind of package design is more adaptable and has a superior capability for distributing light. The most essential benefit of COB LEDs is that they take up less space. They also save a lot of energy, have a long lifespan, are more reliable, have better thermal management, and are of good quality. The major driving factor for the market are rising number of consumer electronics and growing government support. The factors that are creating lucrative growth opportunity for the market are energy use and carbon footprint reduction.

For instance, as per the government Office for Science, the number of chip on board LED is projected, in 2006 the number were only 13 million of consumer electronics and this is projected to grow up to 150 million in year 2024. Additionally, industry is growing as a result of technological advancements in LED lighting. Samsung, for instance, unveiled its T-Series COB LED lights. With two colour temperatures modules, these lamps provide precisely controllable lighting solutions for developing an emotional ambience. However, the high cost of Chip-on-Board LED stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Chip-on-Board LED Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of production and consumption, Asia Pacific commands the highest share of the worldwide chip on board LED market. Due to government incentives to use COB LEDs and the existence of several market participants, Taiwan, Japan, and China are the main drivers of the industry’s growth. The European region is fastest growing region over the forecast period. Due to government assistance and rising use of ultra-modern lighting across a range of industries,

Major market player included in this report are:
Samsung Electronics Co. Ltd.
Citizen Electronics Co. Ltd.
Everlight Electronics Co. Ltd.
Seoul Semiconductor Co. Ltd.
Nichia Corporation
Everlight Electronics Co. Ltd.
Cree Inc.
Philips LumiLEDs Lighting Company
LG Innotek Co. Ltd.

Recent Developments in the Market:
 In July 2020, California-based Lumileds has launched the LUXEON 3030 HE Plus Mid Power LED, which the company says offers an industry-leading luminous efficacy of 210 lm/W.
 In September 2018, 90-CRI colour quality of the XLamp eTone LEDs, which are COB products from American lighting company Cree, is comparable to the efficiency of competing 80-CRI goods.
Global Chip-on-Board LED Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Chip-on-Board LED Market, by Region, 2019-2029 (USD Billion)
1.2.2. Chip-on-Board LED Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Chip-on-Board LED Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Chip-on-Board LED Market Dynamics
3.1. Chip-on-Board LED Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing number of consumer electronics Growing government support
3.1.2. Market Challenges High Cost of Chip-on-Board LED
3.1.3. Market Opportunities Reduction in carbon foot print
Chapter 4. Global Chip-on-Board LED Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Chip-on-Board LED Market, by Application
6.1. Market Snapshot
6.2. Global Chip-on-Board LED Market by Application, Performance – Potential Analysis
6.3. Global Chip-on-Board LED Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
6.4. Chip-on-Board LED Market, Sub Segment Analysis
6.4.1. Automotive
6.4.2. Backlighting
6.4.3. Illumination
Chapter 7. Global Chip-on-Board LED Market, Regional Analysis
7.1. Chip-on-Board LED Market, Regional Market Snapshot
7.2. North America Chip-on-Board LED Market
7.2.1. U.S. Chip-on-Board LED Market Application breakdown estimates & forecasts, 2019-2029
7.2.2. Canada Chip-on-Board LED Market
7.3. Europe Chip-on-Board LED Market Snapshot
7.3.1. U.K. Chip-on-Board LED Market
7.3.2. Germany Chip-on-Board LED Market
7.3.3. France Chip-on-Board LED Market
7.3.4. Spain Chip-on-Board LED Market
7.3.5. Italy Chip-on-Board LED Market
7.3.6. Rest of Europe Chip-on-Board LED Market
7.4. Asia-Pacific Chip-on-Board LED Market Snapshot
7.4.1. China Chip-on-Board LED Market
7.4.2. India Chip-on-Board LED Market
7.4.3. Japan Chip-on-Board LED Market
7.4.4. Australia Chip-on-Board LED Market
7.4.5. South Korea Chip-on-Board LED Market
7.4.6. Rest of Asia Pacific Chip-on-Board LED Market
7.5. Latin America Chip-on-Board LED Market Snapshot
7.5.1. Brazil Chip-on-Board LED Market
7.5.2. Mexico Chip-on-Board LED Market
7.6. Rest of The World Chip-on-Board LED Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. OSRAM GmbH Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Samsung Electronics Co. Ltd.
8.2.3. Citizen Electronics Co. Ltd.
8.2.4. Everlight Electronics Co. Ltd.
8.2.5. Seoul Semiconductor Co. Ltd.
8.2.6. Nichia Corporation
8.2.7. Lumileds
8.2.8. Everlight Electronics Co. Ltd.
8.2.9. Cree Inc.
8.2.10. Philips LumiLEDs Lighting Company
8.2.11. LG Innotek Co. Ltd.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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