Chip-on-Board (COB) LED Market New Era Of Industry and Forecast -2031Posted by Aparna P on August 10th, 2022  The chip-on-board (COB) LED market will observe tremendous growth opportunities across the assessment period of 2018-2028 on the back of factors such as rising urbanization, heightening commercialization, and an increase in modern lighting products. The costs related to incandescent lighting are high and this aspect has led to the preference for LED lighting to a certain extent, which will bring promising growth.
Technological improvements and cost-efficiency are vital aspects that will prove to be a boon for the growth of the chip-on-board (COB) LED market. The adoption of these lights by the government bodies of various countries will also bring good growth opportunities for the chip-on-board (COB) LED market.
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The booming transport infrastructure across densely populated countries like India and China will bring immense growth opportunities for the chip-on-board (COB) LED market. The utilization of chip-on-board (COB) LEDs on highways and for street lights will assure exponential growth.
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