DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dwxwpr/global_chip_on) has announced the addition of the "Global Chip on Board LED Market 2014-2018: Market to Grow at a CAGR of 40.71%" report to their offering.
The shift from traditional lighting sources to solid-state lighting technology has resulted in the wider adoption of COB LEDs. COB LEDs are wide-area light emitters and, thus, are increasingly used in highway and street lighting, which require large amounts of light spread across a large area. COB LEDs produce better color mixing, better lighting effect, and require very low thermal resistance systems, thereby enhancing the total consumer experience. Thus, greater power density, efficient heat dissipation, small space requirement, and high performance makes COB LEDs more suitable than conventional LED packages for various general lighting applications.
According to the report, one of the major drivers in the market is the declining ASP of LEDs. The huge decline in the ASP of LEDs is resulting in increased adoption of COB LEDs in various lighting application segments. Additionally, COB LEDs offers high intensity with a homogenous luminous field suitable for high-power LED applications, which also increases the potential for savings.
Further, the report states that one of the major challenges in this market is the fluctuating global economic conditions. Europe's ongoing debt crisis had a spillover effect on the global economy, which is also negatively affecting the demand for COB LEDs because the production of COB LEDs involves a significant cost for manufacturers.
The key vendors dominating this market space are:
- Citizen Electronics Co. Ltd.
- Cree Inc.
- Nichia Corp.
- Osram Opto Semiconductors GmbH
- Philips Lumileds Lighting Co.
- Samsung Electronics Co. Ltd.
- Seoul Semiconductor Co. Ltd.
Other vendors mentioned in the report are:
- Everlight Electronics Co. Ltd.
- Lumens Co. Ltd.
LG Innotek Co. Ltd.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Application
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/dwxwpr/global_chip_on.