Chip on Board LED Market
Chip on Board LED Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Chip on Board LED Market Size and Growth
The Chip on Board (COB) LED market is experiencing significant growth, driven by increasing demand for energy-efficient lighting solutions. As of 2023, the market size is estimated to reach approximately $4 billion, reflecting trends in commercial and residential sectors. Competitive advancements and technological innovations further enhance market prospects and applications.
Companies Covered
(Covid 19 Impact Covered)
◍ Citizen Electronics
◍ Cree
◍ Nichia
◍ OSRAM Opto Semiconductors
◍ Philips Lumileds Lighting
◍ Samsung Electronics
◍ Seoul Semiconductor
The Chip on Board (COB) LED market is competitive, with major players like Citizen Electronics, Cree, Nichia, OSRAM, Philips Lumileds, Samsung, and Seoul Semiconductor driving innovation and efficiency. These companies focus on enhancing performance, energy savings, and thermal management, positively influencing market growth.
Sales revenue (estimated):
- Cree: $1 billion
- OSRAM: $4.5 billion
- Nichia: $1.5 billion
- Samsung Electronics: $201 billion (total revenue, LED segment not specified)
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Market Segmentation
By Application
Backlighting
Automotive Lighting
General Lighting
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By Product
$ 5.00 Billion
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