HOME › Press Releases › MarketsandMarkets: Global Chip on Board (COB) LED Market Worth $3.5 Billion by 2016 at a CAGR of 38.5% From 2011 to 2016
MarketsandMarkets: Global Chip on Board (COB) LED Market Worth $3.5 Billion by 2016 at a CAGR of 38.5% From 2011 to 2016
According to a new market research report “Global Chip on Board (COB) Light Emitting Diode Market (2011-2016)”, published by MarketsandMarkets (www.marketsandmarkets.com), the total COB LED market is expected to reach $3.5 billion by 2016 at a CAGR of 38.5%.
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Lighting industry is witnessing a massive transformation since the past few years, due to increase in applications and technological developments. The major chunk of the lighting is shifting to LED technology. LED lighting is effective, efficient, and having excellent output as compared to traditional lighting.
Chip on Board technology (COB) has been introduced in LED lighting that is more cost-effective and illuminates high lumen output as compared to normal LED lighting. COB LED technology can be prominently seen in high brightness lighting and general lighting that includes residential, commercial, and architectural lighting.
The revenue for the global COB LED Market is expected to reach to $3.5 billion in 2016 at a CAGR of 38.5%. APAC will remain a leader in overall COB LED market.
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