Market Synopsis
According to MRFR, the global Chip-on-board LED Industry was valued at USD 2.01 billion in 2017 and is exected to reach USD 5.26 Billion by the end of forecast period with a CAGR of 17.88%. Market Highlights Government's growing focus around the world on promoting energy-efficient lighting has led to increased dema nd for LED lighting. Governments in different countries such as the United States , the United Kingdom and India, among others, offer rebates on energy efficient lamps, thereby enabling customers to buy them. In addition to government initiatives, chip-on-board LEDs have several advantages such as lower power requirements , high light efficiency , better thermal management, and a smaller number of solder joints that reduce the risk of performance losses. These advantages offer this business fast growth. Increasing investment in infrastructure development is also expected to further stimulate growth in the LED chip-on-board market. However, the complex chip-on-board Driven manufacturing process that includes the collection, installing, and interconnection of discrete devices hinders market development. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/7030 Segmentation By material, the market is bifurcated into MCPCB and ceramic. Ceramic is the most commonly used material for substrate owing to its better thermal performance. By application, the market is segmented into backlighting, general lighting, automotive lighting and others. General lighting is further segmented into commercial residential, and industrial while backlighting is segmented into smartphones, tablets, monitors, televisions and others. Under automotive lighting, chip-on-board LED market is bifurcated into interior lighting and exterior lighting. Access Report Details @ https://www.marketresearchfuture.com/reports/chip-on-board-led-market-7030 Regional Assessment It is expected that the global demand for Chip-on-board LED will expand at a substantial pace during the 2018 to 2023 forecast period. Chip-on-board LED market geographic analysis is studied for Europe , North America, Asia-Pacific and the rest of the world (including the Middle East, Africa, and Latin America). Asia-Pacific is slated to dominate the Chip-on-board LED market during the forecast period due to the largest manufacturing and usage share among the regions mentioned. Countries such as South Korea, Taiwan, and China contribute to the largest market share due to the presence in these regions of a significant number of vendors. Some of the key providers of chip-on-board LED such as Seoul Semiconductor Citizen Electronics, and Samsung Electronics are based out of Asia-Pacific and also have a vast customer base within the region as well as across the globe. Owing to continued policy efforts such as subsidies and opportunities in the region to improve domestic production capacity, China is expected to experience strong growth during the forecast period. North America is the second dominant region on the Chip-on-board LED market followed by Europe because of the high number of retail and automotive lighting installations. Increased infrastructure spending and rapid technical developments are also expected to drive the growth of chip-on-board LED in these regions. Key players The key players in the Chip-on-board LED market are identified across all the key regions based on their country of origin, recent key developments, presence across different regions, product diversification, and industry expertise. Some of them are – Citizen Electronics Co. Ltd. (Japan), Osram Opto Semiconductors GmbH (Germany), Cree Inc. (US), GE Lighting (US), Seoul Semiconductor Co. Ltd. (South Korea), Philips Lumileds Lighting Co. (Netherlands), Samsung Electronics Co. Ltd. (South Korea), LG Innotek Co. Ltd. (South Korea) Everlight Electronics Co. Ltd. (Taiwan), and Lumens Co., Ltd. (South Korea). These players contribute a substantial share in the development of Chip-on-board LED market. Apart from the top key players, there are other players that contribute to the industry growth. These include Cooper Lighting (US), Prophotonix (US), LumiShore Ltd (UK), Leiso Lighting Tech. Ltd (China), Bridgelux Inc. (US) and others. About Market Research Future: Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information. We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
0 Comments
Noise Monitoring System Market – Overview
Noise pollution awareness has led to an increased level of cognizance of the issue on the consumer end, which has thus prompted an increase in demand. Market intensive reports associated with the semiconductors & electronics industry among others recently have been made accessible by Market Research Future which issues reports on this industry. The Noise Monitoring System Industry is anticipated to attain revenues worth USD 844 Million by 2023 while with growing 4 percent CAGR approximately in the forecast period. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/4064 The market is strongly motivated by occupational hearing impairment which is commonly found in professions such as those related to the aviation and manufacturing sector. Government regulations regarding the noise levels in these industries have increased the demand experienced in the noise monitoring system market. Controlling the noise pollution levels with regular monitoring has become of the cornerstones for ensuring employee safety and satisfaction leading to further progress of the market in the forecast period. Industry Segments The noise monitoring system market globally has been segmented on the basis of monitoring system, region, component, monitoring method and applications. The monitoring system comprises of portable noise monitoring system, semi-permanent noise monitoring system, permanent noise monitoring system, and others. The monitoring method comprises of permanent monitoring, short–term monitoring, long–term monitoring and others. The component segment consists of software, hardware, services and others. The applications comprise of construction noise, traffic noise, mining noise, rail noise, outdoor noise, industrial noise, and others. The regions that are part of the segmentation include Asia Pacific, North America, Europe, and rest of the world. Access Report @ https://www.marketresearchfuture.com/reports/noise-monitoring-system-market-4064 Detailed Regional Analysis The market’s regionwise analysis for noise monitoring system comprises of regions such as Europe, North America, Asia Pacific, and Rest of the World. The North American region is a significant market globally and has accounted for the main market share. The noise monitoring system market in the European region is gaining momentum as the businesses are continually upgrading and monitoring their products and modelling it with advanced technology. The Asia Pacific region appears to have a high CAGR in the market for noise monitoring system. This region is expected to progress exceedingly well in the coming years in terms of the noise monitoring system. In the North American region, the permanent noise monitoring system has the major market share and is rising at a rapid pace. These systems are combined with cellular and Ethernet communications, detachable data storage devices, weather sensors interface, battery, AC, or solar power, and others. The systems also enjoy a wide scale of applications in industrial facilities, airports, wind farms, motorsport complexes, mining operations, and others. Global Competitive Analysis The market has been led into a new period of development as the market is typically in a state of changeability. The capacity to maintain their competitive edge is one of the key factors fuelling their efforts in this period. The tendency for development in the market has been altered to a great extent with the entry of new players and the changes in the mode of functioning of the established players. The room for development in the market seems to be promising through the forecast period. Portfolio development is being significantly endorsed by market competitors to achieve high growth rates. Localization is among of the more favored trends for growing the market portion of the competitors in the market. The ripple effects of the market’s growth have altered the competitive backdrop of the market. The mounting interest in change within the business has ultimately permitted the businesses to apply many situations accessible in the market. The likelihood of growing revenue inflow in the business is expected to swell through the forecast period. The important competitors in the noise monitoring system market globally are Pulsar Instruments (U.K), RION Co. Ltd. (Japan), Bruel & Kjaer (Denmark), 3M Company (U.S.), Cirrus Research Plc (U.K), SKF Group (Sweden), Extech Instruments (U.S.), Castle Group Ltd. (U.K), Casella Inc. (US), Kimo Instrument (Japan), B&K Precision Corporation (U.S.) among others. Industry Updates: May 2018 HBM has recently announced that it will be joining its activities with BKSV (Brüel & Kjær Sound and Vibration) effective from January 2019. The companies are both owned by UK based Spectris Plc.; the new company will be consequently named HBK (Hottinger, Brüel, and Kjær). The two companies will have complementary expertise across the measurement chain. The companies aim to leverage their respective strengths, to create a business with the competencies, and scale to deliver separate customer value, in the domains of safety and noise, propulsion, durability, vibration, and harshness. About Market Research Future: Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections. MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
May 2021
Categories |