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

Outlook of the chip-on-board (CoB) LED market in APAC

Technavio’s market research analyst predicts the chip-on-board (CoB) LED market in APAC to grow at a CAGR of around 35% during the forecast period. Much of this market’s strong growth can be attributed to the advent of stringent regulations about the utilization of high energy-consuming lighting sources and subsidies for the adoption of LED lighting equipment. In this region, many countries are promoting the use of energy management solutions by replacing the existing sodium and halogen street-lighting systems with advanced and energy efficient CoB LED systems. This rising preference for energy efficiency among the countries in APAC will result in the augmented adoption of CoB LEDs during the forecast period.

The rising demand for energy-efficient and high-quality devices will impel the prospects for market growth until 2020. Recently, it has been observed that the demand for high-quality and energy-efficient light sources that have a longer lifespan is increasing. The flexible design of LEDs allows lighting system controls to be used more efficiently than traditional lighting sources. Their rational design coupled with the presence of micro lens molding will allow these devices to avoid the defects of point and glare light. Benefits such as its improved color-rendering index will result in its increased adoption during the forecast period.

Segmentation by application and analysis of the CoB LED market in APAC

• General lighting industry
• Automotive industry
• Backlighting industry

The general lighting industry segment currently dominates this market and is envisaged to account for a market share of more than 66% by 2020. Much of this segment’s growth can be attributed to the advent of stringent regulations that necessitate the ban of incandescent lamps.

Competitive landscape and key vendors

The CoB LED market in APAC is highly fragmented due to the presence of numerous large and small vendors. The providers in the market compete on the basis of price, quality, reputation, and distribution.

The leading vendors in the market are -

• Citizen Electronics
• Cree
• Nichia
• Osram Opto Semiconductors
• Philips Lumileds Lighting
• Samsung Electronics
• Seoul Semiconductor

Other prominent vendors in the market include Everlight Electronics, LG Innotek, and Lumens.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global chip-on-board LED market in APAC?
• What are the key market trends impacting the growth of the chip-on-board LED market in APAC?
• 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 vendors in the chip-on-board LED market in APAC?
• What are the key outcomes of the five forces analysis of the chip-on-board LED market in APAC?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Automotive LED Lighting Market 2016-2020
• Global Luminaire Market 2015-2019
• Global LED Production Equipment Market 2015-2019
• Global LED Chip Market 2015-2019