Lewes, DE -- (SBWIRE) -- 03/09/2016 -- Report forecast the global Chip on Board LED market to grow at a CAGR of 35.51% during the period 2016-2020.

COB is a bare chip technology for LED lighting. A COB LED lighting module is made by placing multiple LED chips in a small area. It is a comparatively new technology for LED packaging. This technology involves multiple LED chips, mounted directly on the substrate to produce an LED array, further packed together in one lighting module. COB LEDs help reduce costs by eliminating the complicated solder reflow assembly process.

The report covers the present scenario and the growth prospects of the global COB LED market for the period 2016-2020. To calculate the market size, the report considers revenue generated from applications of COB LED during the packaging process of LEDs.

The market is divided into the following segments based on application:
- General lighting
- Automotive lighting
- Backlighting

According to the report, the declining average selling price (ASP) of LEDs has been a major driving factor of the demand for COB LEDs in the global lighting industry. Economies of scale and the transition in the wafer size used to make LED chips are some of the reasons for this. The small size of LED chips achieved by COB technology supports miniaturization of the devices and provides high efficiency.

Further, the report states that the fluctuating global economy of influential countries such as China, Russia, and Brazil is posing a challenge to global COB LED manufacturers, as it impacts the international trade of LED components and products across borders.

Global Chip on Board LED Market 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 players in the Global COB LED Market: Citizen Electronics, Cree, Nichia, OSRAM Opto Semiconductors, Philips Lumileds Lighting, Samsung Electronics and Seoul Semiconductor.

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

Market driver
- Decline in price of LEDs
- For a full, detailed list, view our report

Market challenge
- Fluctuations in global economic conditions
- For a full, detailed list, view our report

Market trend
- Development of LED filament lamps
- 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?

Spanning over 55 pages and 31 Exhibits "Global Chip on Board LED Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Technology landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key recommendations for vendors and investors, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-chip-board-led-market-2016-2020

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