Global Chip-on-board LED Market

Gaarti08 Nov, 2021Art

COB LEDs are a more advanced and newer entrant to the LED market today and they have several prominent advantages over older LED technologies. A growing market for consumer electronics and semiconductor manufacturing industries across the region is driving the growth of the market. Growing advancements in LED technology, the rising popularity of miniaturization of devices, increased market for the electronic packaging industry, a surge in the adoption of COB LED technology in various lighting segment and increasing demand for energy efficient lighting system by various industries are expected to improve growth of the market during the forecast period. COB LED provides some benefits such as compactness and small size design, long lifespan, high intensity, easy circuit design and superior thermal performance, which are ultimately propelling the growth of the market.