Global Chip on Board LED Market 2016-2020 - Application Analysis by General Lighting, Automotive Lighting & Backlighting

DUBLIN, March 3, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/8cbpb7/global_chip_on) has announced the addition of the "Global Chip on Board LED Market 2016-2020" report to their offering.

The global COB LED market to grow at a CAGR of 35.51% during the period 2016-2020.

Global COB LED Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global COB LED market for the period 2016-2020. To calculate the market size, the report considers revenue generated from applications of COB LED during the packaging process of LEDs.

COB is a bare chip technology for LED lighting. A COB LED lighting module is made by placing multiple LED chips in a small area. It is a comparatively new technology for LED packaging. This technology involves multiple LED chips, mounted directly on the substrate to produce an LED array, further packed together in one lighting module. COB LEDs help reduce costs by eliminating the complicated solder reflow assembly process.

The increase in demand for smartphones will create demand for more LEDs to be used in the backlighting unit (BLU) of FPDs, positively impacting the demand for COB LEDs. The development of LED filament lamps and the development of smart lighting will boost the demand for LED lighting.

According to the report, the declining average selling price (ASP) of LEDs has been a major driving factor of the demand for COB LEDs in the global lighting industry. Economies of scale and the transition in the wafer size used to make LED chips are some of the reasons for this. The small size of LED chips achieved by COB technology supports miniaturization of the devices and provides high efficiency.

Further, the report states that the fluctuating global economy of influential countries such as China, Russia, and Brazil is posing a challenge to global COB LED manufacturers, as it impacts the international trade of LED components and products across borders.

The market is divided into the following segments based on application:

- General lighting - Automotive lighting - Backlighting

Key vendors:

- Citizen Electronics - Cree - Nichia - OSRAM Opto Semiconductors - Philips Lumileds Lighting - Samsung Electronics - Seoul Semiconductor

Other prominent vendors:

- Everlight Electronics - LG Innotek - Lumens

For more information visit http://www.researchandmarkets.com/research/8cbpb7/global_chip_on

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SOURCE Research and Markets