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The future of the chip on board (COB) light emitting diode market looks promising with opportunities in the illumination, backlighting, automotive, and high brightness lighting industries. The chip on board (COB) light emitting diode market is expected to grow with a CAGR of 30% from 2019 to 2024. The major drivers for this market are its advanced features such as low power consumption, cost-effective lighting, and high intensity output and stringent regulation towards energy efficiency.
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