Miniaturization of Electronic Devices to Boost the Global Chip on Board LED Market by 2020
Global chip on board LED market to exceed USD 9 billion by 2020, growing at a CAGR of over 35%.
The global chip on board (COB) led market is dependent on LED manufacturers as they are the principal customers of this technology. LED manufacturers, such as general lighting, backlighting, and automotive lighting manufacturers, use the COB LED packaging method during the back-end process of LED production.
The demand for compact electronic devices has grown in almost every sector, be it telecommunication devices, automotive, industrial manufacturing, or healthcare equipment.
This trend has compelled LED manufacturers to invest in R&D to reduce the size and increase the performance of LEDs, which has led to advances in LED chip technologies. COB LED technology directly attaches the LED chips in the form of arrays onto the substrates, thereby offering higher packing density compared to other traditional surface mount technologies. The higher packing density enhances the output of LEDs in terms of intensity and uniformity.
Mercury-based lighting solutions such as incandescent lamps are banned in most countries including the 28 countries of the European Union (EU), BRIC nations, US, and Japan due to environmental concerns. This ban has led to the adoption of energy-efficient light sources such as CFL, halogen, and LED lights in the market. These light sources consume less energy and have a longer life span than incandescent light sources.
LEDs are non-hazardous sources of lighting as they are devoid of ozone and mercury, save energy, and have other properties that enhance sustainability. Therefore, OEMs around the world are investing heavily in LED technology to reduce their power supply cost and adhere to these legislative changes. The phasing out of mercury-based lighting solutions will have a moderately high impact on general lighting LED manufacturers.
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