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OSRAM GmbH and Nichia Corporation hold a significant share of over 20%. OSRAM GmbH is a prominent global technology company specializing in lighting solutions and optical semiconductors. OSRAM is a leading provider of high-quality LED products & solutions including chip-on-board LEDs.
Nichia Corporation is a Japanese company that specializes in the manufacturing and development of LED products and materials. Nichia operates in the LED industry, focusing on innovation, quality, and reliability.
Major players operating in the market are:
The ceramic segment is anticipated to grow at 13.5% CAGR between 2024 and 2032, driven by the advancements in phosphor technology and manufacturing processes.
The Chip-on-Board LED market was valued at USD 2.2 billion in 2023 and is anticipated to grow at 13% CAGR between 2024 and 2032, attributed to the rise of indoor farming and greenhouse cultivation.
OSRAM GmbH, Nichia Corporation, Cree LED, Inc., ProPhotonix Limited, Citizen Electronics Co., Ltd, Samsung Electronics Co., Ltd and Nichia Corporation
Asia Pacific market is anticipated to sustain 14.5% CAGR from 2024 to 2032, owing to rapid economic growth, with expanding industries such as automotive, consumer electronics, healthcare, and infrastructure development.