COB LED lighting market will exceed 700 million US dollars

According to the latest data, the market size of COB for lighting (including ceramic packaging/EMC packaging COB products) in 2016 reached US$580 million. It is estimated that the size of this market will exceed 700 million US dollars in 2021, and the compound growth rate between 2016 and 2021 is about 4%. According to the latest data, the market size of COB for lighting (including ceramic packaging/EMC packaging COB products) in 2016 reached US$580 million. It is estimated that the size of this market will exceed 700 million US dollars in 2021, and the compound growth rate between 2016 and 2021 is about 4%. COB products are mainly used in the commercial lighting market. With the improvement of technology, the performance of high-power COB products tends to be stable, and has recently been gradually applied to outdoor lighting, including LED industrial and mining lamps, street lamps and other markets. Because high-power LEDs and COB LEDs have product design advantages and high light power that are not available in medium power, they will enhance the competitive advantage of the high-end lighting market.

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