Chip On Board LED Industry Production, Consumption, Revenue And Growth Rate By 2027

Market Scope

The global Chip-on-board LED market was valued at USD 2,010.5 million in 2017 and is expected to reach USD 5,261.8 million by the end of forecast period with a CAGR of 17.88%.

Segmentation

By material, the market is segmented into MCPCB and ceramic. Ceramic is the most typically used material for substrate due to its better thermal performance.

By application, the market is segmented into general lighting, backlighting, automotive lighting and others. General lighting is further segmented into residential, commercial and industrial while backlighting is segmented into smartphones, tablets, monitors, televisions and others. Under automotive lighting, chip-on-board LED market is segmented into interior lighting and exterior lighting.

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Regional Analysis

The geographical analysis of Chip-on-board LED market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, Asia-Pacific is expected to dominate the Chip-on-board LED market during the forecast period owing to largest share in terms of manufacturing and usage. Countries such as Taiwan, South Korea and China are contributing to the major share of the market due to the presence of a large number of vendors in these regions. Some of the major providers of chip-on-board LED such as Citizen Electronics, Seoul Semiconductor and Samsung Electronics are based out of Asia-Pacific and also have a huge customer base within the region as well as across the globe. China is expected to experience high growth during the forecast period due to continuous government efforts such as subsidies and incentives in the region to boost domestic production capacity. North America is the second dominating region in the Chip-on-board LED market followed by Europe due to high number of installations in retail and automotive lighting. Also, the rising investment in infrastructure and rapid technological advancements is expected to drive the growth of chip-on-board LED in these regions

Competitive Outlook

Philips Lumileds Lighting Co., Lumens Co., Ltd., GE Lighting, Osram Opto Semiconductors GmbH, LG Innotek Co. Ltd., Samsung Electronics Co. Ltd., Cree Inc., Citizen Electronics Co. Ltd., Everlight Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., and others are key players of the global chip-onboard-LED market.

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