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Among the application segment, the automotive lighting sub-segment is anticipated to register significant growth over the forecast period. According to IEA, cars and vans accounted for about 8.0% of global direct CO2 emissions in 2021. The demand for more fuel-efficient vehicles is increasing owing to various steps taken by governments and organizations across the region. For instance, in Europe, the EU Commission has proposed to bring the CO2 emission standard for new cars to zero by 2035. The growth of the automotive sub-segment is attributed to the factors such as the growing demand for efficient lighting in automotive industries and the growth of the electric vehicles (EVs) market. According to IEA, around 3 million electric vehicles (EVs) were sold in 2020 and the number of EVs sold doubled in 2021 to reach 6.6 million units. This represents a significant increase in market share in recent years. The growth of electric and hybrid vehicles is becoming more popular and lighting is an important component of them.
full report of Chip-on-board (CoB) Light Emitting Diode (LED) Market available @ https://www.omrglobal.com/industry-reports/cob-led-market
- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Chip-on-board (CoB) Light Emitting Diode (LED) Market Report Segment
By Material
- Metal Core Printed Circuit Board (MCPCB)
- Ceramics
By Application
- General Lighting
- Backlighting
- Automotive Lighting
- Others (Illumination)
Global Chip-on-board (CoB) Light Emitting Diode (LED) Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global chip-on-board (CoB) Light Emitting Diode (LED) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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