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By 2018, the annual growth rate of the global COBLED market will reach 40.71.
The decline in the average selling price of LEDs is a key beneficiary of the market, and the COBLED market will also see an increase in demand for general lighting applications. The sharp drop in the average price of LEDs has led to a growing adoption rate of COBLEDs in many lighting applications. Moreover, COBLEDs provide consistent light at high power densities for high-power LED applications while making lamps more energy efficient and more economical.
But the global economic downturn has had an impact on the growth of the market.
According to the company's report "GlobalChiponBoardLEDMarket2014-2018", the major suppliers in the market include Citizen, Cree, Nichia, Osram, Philips Lumen, Samsung Electronics and Seoul Semiconductor. Other suppliers such as Everlight Electronics, Lumens and LGInnotek are also mentioned in the report.