Market Research

Impact of COVID-19 on Chip-On-Board LED Market In-Depth Analysis 2027

Jun 4, 2020 5:53 AM ET

iCrowd Newswire – Jun 4, 2020

What is Chip-On-Board LED?

The chip-on-board LED is the latest technology for packing multi-LED into one lighting package. The manufacturers bond LED chip diodes into the PCB, causing thermal conductivity to shift towards the circuit board, which results in lower heat emissions. Owing to the longer life span and brightness, the LED light source is favored over conventional lighting. Yet regular LEDs can cause unwanted glare, which is further rectified in COB LEDs. In addition, chips on board LED lights to have higher intensity along with homogeneous luminosity, helping to increase demand for chips on board LED lights worldwide. In addition to this advance in design by innovation along with cost savings from large-scale COB LED light production, further boosts the market for chips on board LED lights.

The research dives deep into the global share, size, and trends, as well as growth rate of the Chip-On-Board LED market to project its progress during the forecast period, i.e., 2021–2027. Most importantly, the report further identifies the past, present, and future trends that are expected to influence the development rate of the Chip-On-Board LED market. The research segments the market on the basis of product type, application, and region.

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Electronics and Semiconductor, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Chip-On-Board LED market globally. This report on ‘Chip-On-Board LED market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

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The global chip-on-board LED market is rising as infrastructure investments increase, energy-efficient lighting needs increase, and regulatory initiatives. Advancement on the design front is one of the main factors providing the global chip with sufficient growth opportunities on the light-emitting diode market. The cost advantage of emerging technologies and the manufacturing difficulty of chips on board light-emitting diode are two of the significant factors limiting the global market growth. The uncertainties in the global economic situation, however, may be an obstacle that may hinder the growth of the demand for chip-on-board light-emitting diodes. Also, this technology’s manufacturing process is a bit complicated compared to its predecessors, which can also pose a challenge to consumer demand for chip-on-board light-emitting diodes.

The report also includes the profiles of key Chip-On-Board LED Market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

Here we have listed the top Chip-On-Board LED Market companies in the world

    2. Cree, Inc.
    3. Eaton
    5. Lextar Electronics Corporation
    6. Lumileds Holding B.V.
    8. OSRAM GmbH
    9. Seoul Semiconductor Co., Ltd.
    10. Sharp Electronics Corporation

Competitive scenario:

The study assesses factors such as segmentation, description, and applications of Chip-On-Board LED industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Geographically, this report focuses on product sales, value, market share, and growth opportunity in key regions such as United States, Europe, China, Japan, Southeast Asia, and India.

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Major highlights of the report:

  • An all-inclusive evaluation of the parent market
  • The evolution of significant market aspects
  • Industry-wide investigation of market segments
  • Assessment of the market value and volume in the past, present, and forecast years
  • Market share evaluation
  • Study of niche industrial sectors
  • Tactical approaches of the market leaders
  • Lucrative strategies to help companies strengthen their position in the market.

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