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Chip-on-Board LED Market in APAC 2016-2020

About Chip-On-Board (COB) LED

Although the traditional surface-mounted device (SMD) LED light sources were energy efficient, they had disadvantages such as the lesser spread of lighting, glare effects, higher heat generation, and low lifespan. COB LEDs are advanced LED lighting sources in which many LEDs are packaged in a single module. These LEDs are manufactured using techniques such as wire bonding, die attachment, and encapsulation. Furthermore, COB LEDs do not require a designated circuit for proper functioning, which makes it easier to install them.

Technavio’s analysts forecast the chip-on-board (COB) LED market in Asia-pacific (APAC) to grow at a CAGR of 34.79% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the chip-on-board (COB) LED market in Asia-pacific (APAC) for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of COB LEDs and its application.The market is divided into the following segments based on application:

  • Automotive lighting
  • Backlighting
  • General lighting
Technavio's report, Chip-On-Board (COB) LED Market in Asia-Pacific (APAC)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.

Key vendors
  • Citizen
  • Cree
  • Lumileds Holding B.V.
  • Nichia
  • OSRAM
  • Samsung
  • Seoul Semiconductor
Other prominent vendors
  • Everlight Electronics
  • LG Innotek
  • Lumens
Market driver
  • Growing application of COB LEDs across industries
  • For a full, detailed list, view our report
Market challenge
  • Technical limitations of COB LEDs
  • For a full, detailed list, view our report
Market trend
  • Growing demand for COB LEDs in general lighting segment
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Chip-On-Board (COB) LED Market in Asia-Pacific (APAC) 2016-2020

Technavio recognizes the following companies as the key players in the chip-on-board (COB) LED market in Asia-pacific (APAC): Citizen Electronics, Cree, Lumileds Holding B.V. , Nichia, OSRAM GmbH, Samsung Electronics, and Seoul Semiconductor.

Other Prominent Vendors in the market are: Everlight Electronics, LG Innotek, and Lumens.

Commenting on the report, an analyst from Technavio’s team said: “The growth of manufacturing facilities in China will be a key trend for market growth. China depends on Taiwanese manufacturers or international manufacturers for LED backlighting applications and general lighting applications. Subsidies for LED manufacturers offered by the government led to the expansion of the manufacturing capacity.The increasing use of domestically made chips has further decreased the overall cost of manufacture of LEDs. This will foster the growth of Chinese manufacturers, as the market is highly price sensitive.”

According to the report, Falling ASP of LEDs will be a major key driver leading to market growth. The ASP of LED is declining owing to a decrease in manufacturing costs. This is attributed to the use of thicker wafers and automation in manufacturing. As of November 2015, the ASP of 40-watt LEDs fell from $11.18 to $10.8, and that of 60-watt LEDs fell from $15.05 to $14.6. Automation in manufacturing has increased the throughput of manufacturing facilities and has resulted in the oversupply of LEDs in the market.

Further, the report states that limitations associated with packaging will be a major challenge against the market growth. Lower prices, high light attenuation, and higher thermal resistance offered by aluminum make it the second most-reliable material for packaging. In addition, manufacturers have different modes of packaging. Packaging technologies used by different vendors decrease the throughput of assembly and manufacturing of COB LEDs, thereby affecting the market growth.

Companies Mentioned

Citizen Electronics, Cree, Lumileds Holding B.V. , Nichia, OSRAM GmbH, Samsung Electronics, Seoul Semiconductor, Everlight Electronics, LG Innotek, Lumens.

  • Executive summary
    • Highlights
  • Scope of the report
    • Report overview
    • Key vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Technology landscape
    • Technology overview
      • Table Manufacturing process of COB LEDs
      • Table Advantages of COB LEDs
  • Market landscape
    • Industry overview
      • Table Global general lighting market: Product life cycle
    • Comparison between LEDs, incandescent bulbs, and compact fluorescent lamps (CFLs)
      • Table Light output of LEDs, incandescent bulbs, and CFLs
    • LED lighting industry
      • Table LED lighting industry
      • Table Types of general lighting
      • Table Applications of general lighting
      • Table Applications of automotive lighting
      • Table Applications of backlighting
    • Evolution of lighting industry
      • Table Evolution of lighting industry
      • Table Different sources of lighting
      • Table Comparison between LEDs, incandescent light bulbs, and CFLs on the basis of efficiency and cost
      • Table Prominent LED manufacturers
    • Market overview
      • Table Applications of COB LED
    • Market size and forecast
      • Table COB LED market in APAC 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market segmentation by end-user application
      • Table Market segmentation by end-user application 2015
    • Market segmentation by end-user application 2020
      • Table Market segmentation by end-user application 2020
    • COB LED in general lighting segment
      • Table COB LED market in general lighting segment in APAC 2015-2020 ($ billions)
    • COB LED in automotive lighting segment
      • Table COB LEDs in automotive lighting segment 2015-2020 ($ millions)
    • COB LED in backlighting segment
      • Table COB LED market in backlighting segment in APAC 2015-2020 ($ millions)
  • Key leading countries
    • China
    • Taiwan
  • Market drivers
    • Falling ASP of LEDs
    • Growing application of COB LEDs across industries
    • Demand for energy-efficient and high-quality devices
    • Government support to reduce energy consumption
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Limitations associated with packaging
    • Technical limitations of COB LEDs
    • High cost to manufacturers
    • Lack of awareness of COB LEDs
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing demand for COB LEDs in general lighting segment
    • Growth of manufacturing facilities in China
    • Adoption of COB LEDs in automotive lighting
    • Advent of Li-Fi technology
  • Vendor landscape
    • Competitive scenario
      • Table Key data of companies operating in COB LED market
  • Key vendors
    • Citizen Electronics
    • Cree
      • Table Sector performance by revenue 2013-2015 ($ millions)
    • Nichia
    • Osram
    • Lumileds
    • Samsung Electronics
    • Seoul Semiconductor
    • Other prominent vendors
      • Table Other prominent vendors
  • Key recommendation s for vendors and investors
    • Table Key recommendations
    • Table Summary of figures 2015-2020
  • Appendix
    • List of abbreviations
  • Explore Technavio

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