According to a new report by Grand View Research, the global chip-on-board LED market is expected to reach $9179.7m by 2020. Increasing urbanisation and infrastructure spending are expected to be the key drivers of growth over the forecast period.
Key findings of the report 'Chip on Board (COB) Light Emitting Diode (LED) Market Analysis By Application (Automotive, Backlighting, Illumination) And Segment Forecasts To 2020' are that the illumination segment, which dominates the market, will be the largest and fastest-growing application over the next six years.
This segment accounted for over 45 percent of the market in 2013, mainly because of COB LEDs' wide area light-emitting property. The backlighting application segment is expected to grow substantially due to the rise in the number of applications in handheld devices, monitors and LED televisions.
Asia Pacific accounted for over 50 percent of global market revenue in 2013, and is expected to dominate demand over the forecast period. Further, it is expected to exhibit the fastest growth from 2014 to 2020, due to government initiatives favoring COB LED adoption and a large number of market participants.
Key firms operating in the market include Philips LumiLEDs Lighting Company, Cree Inc, Samsung Electronics Co Ltd, Citizen Electronics Co Ltd, Osram Opto Semiconductors GmbH, Everlight Electronics Co Ltd., Seoul Semiconductor Co Ltd, Nichia Corp, Lumens Co Ltd, and LG Innotek Co Ltd.
The market is consolidated in nature, and the development of efficient and cost-effective products is expected to serve as a key growth strategy over the forecast period.
AngelTech Live III: Join us on 12 April 2021!
AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST)
and will feature online
versions of the market-leading physical events: CS International
and PIC International
PLUS a brand new Silicon Semiconductor International
Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.
2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.
We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.
We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.
Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.
Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.
So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.
REGISTER FOR FREE