Chip-on-Board LED Market in APAC to Grow 34.79% by 2020
August 8, 2016 | Business WireEstimated reading time: 1 minute
-Research and Markets has announced the addition of the "Chip-on-Board LED Market in APAC 2016-2020" report to their offering.
The report forecast the chip-on-board (COB) LED market in Asia-pacific (APAC) to grow at a CAGR of 34.79% during the period 2016-2020. The market is divided into the following segments based on application:
- Automotive lighting
- Back lighting
- General lighting
The growth of manufacturing facilities in China will be a key trend for market growth. Subsidies for LED manufacturers offered by the government led to the expansion of the manufacturing capacity. The increasing use of domestically made chips has further decreased the overall cost of manufacture of LEDs. This will foster the growth of Chinese manufacturers, as the market is highly price sensitive.
According to the report, Falling ASP of LEDs will be a major key driver leading to market growth. The ASP of LED is declining owing to a decrease in manufacturing costs. This is attributed to the use of thicker wafers and automation in manufacturing.
Further, the report states that limitations associated with packaging will be a major challenge against the market growth. Lower prices, high light attenuation, and higher thermal resistance offered by aluminum make it the second most-reliable material for packaging. In addition, manufacturers have different modes of packaging. Packaging technologies used by different vendors decrease the throughput of assembly and manufacturing of COB LEDs, thereby affecting the market growth.
Suggested Items
GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050
04/23/2024 | GlobalFoundriesGlobalFoundries (GF) is furthering its commitment to sustainable operations and fighting climate change with the announcement of two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050.
ROHM Group Company SiCrystal and STMicroelectronics Expand Silicon Carbide Wafer Supply Agreement
04/23/2024 | ROHMROHM and STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion of the existing multi-year, long-term 150mm silicon carbide (SiC) substrate wafers supply agreement with SiCrystal, a ROHM group company.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.
Altus Group Helps BitBox Unlock Productivity and Efficiency Gains with New Reflow Oven
04/22/2024 | Altus GroupAltus Group, a leading provider of capital equipment, has recently assisted BitBox, a UK-based electronics design, engineering and manufacturing company in upgrading its operations with the implementation of a new reflow oven from Heller Industries.
Growth Potential: Electronics Manufacturing Driving Massive Surge in Manufacturing Investment
04/22/2024 | Shawn DuBravac, IPCIn the early months of the pandemic, investment in manufacturing infrastructure, such as plants and production facilities, declined sharply. Real investment dropped over 11%, before finally recovering to pre-pandemic levels in the first half of 2022. Over the past two years, however, several factors have combined to drive manufacturing investment to record levels.