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