Chip-on-Board LED Market

By Product;

COB LED Modules, COB LED Arrays and COB LED Components

By Substrate Material;

Ceramic Substrates and Metal Core PCBs

By Application;

Illumination-[Residential, Office Space, Industrial, Shop Area, Hospitality Industry, Outdoor and Architectural], Automotive [Interior, Exterior, Headlamp, Side Lamp, DRLs and Rear Light], Backlight-[LED Television, Monitor, Handhelds and Screen Display Lighting] and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn862054872 Published Date: November, 2025 Updated Date: December, 2025

Chip-on-Board LED Market Overview

Chip-on-Board LED Market (USD Million)

Chip-on-Board LED Market was valued at USD 21,505.87 million in the year 2024. The size of this market is expected to increase to USD 93,651.95 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 23.4%.


Chip-on-Board LED Market

*Market size in USD million

CAGR 23.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)23.4 %
Market Size (2024)USD 21,505.87 Million
Market Size (2031)USD 93,651.95 Million
Market ConcentrationLow
Report Pages361
21,505.87
2024
93,651.95
2031

Major Players

  • Osram Opto Semiconductors GmbH
  • Citizen Electronics Co. Ltd.
  • Cree Inc.
  • Seoul Semiconductor Co. Ltd.
  • GE Lighting
  • Philips Lumileds Lighting Co.
  • Samsung Electronics Co. Ltd.
  • Everlight Electronics Co. Ltd.
  • LG Innotek Co. Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Chip-on-Board LED Market

Fragmented - Highly competitive market without dominant players


The Chip‑on‑Board LED Market is evolving rapidly, with over 53% of lighting brands integrating dense COB modules to deliver high efficiency and compact form. This shift brings valuable opportunities for providers to offer customizable, high-performance lighting modules. Companies are implementing clear strategies to streamline integration, enhance light output, and reduce energy consumption fueling ongoing growth and enabling widespread expansion of modular lighting solutions.

Precision Innovation in Thermal and Optics
Approximately 50% of COB LED products now include integrated thermal substrates, uniform phosphor layering, and multi-chip arrays—showcasing notable technological advancements. These innovations ensure color accuracy, improved durability, and efficient heat dissipation. Manufacturers are developing adaptive driver ICs and compact module designs, fostering sustained innovation and expanding deployment in creative lighting scenarios.

Strategic Collaboration Enabling Turnkey Solutions
More than 56% of COB LED companies form collaborations with light fixture makers, optical lens partners, and control systems integrators to support plug-and-play installations. These partnerships deliver cohesive design ecosystems, certified performance, and reduced time-to-launch. Joint efforts enable a strong future outlook for optimized lighting deployments across diverse industries.

Future Outlook Anchored in Smart Lighting Networks
About 54% of users plan to adopt COB LED systems with sensor-based dimming, wireless control, and IoT integration. This robust future outlook aligns with trends toward intelligent lighting in smart homes, horticulture, and adaptive displays. These investments encourage ongoing innovation, boost illumination intelligence, and support expansive expansion of connected lighting infrastructure.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Substrate Material
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Chip-on-Board LED Market Forces
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency
        2. High Luminosity
        3. Thermal Management
      2. Restraints
        1. Cost Constraints
        2. Design Complexity
      3. Opportunities
        1. Energy Efficiency
        2. Automotive Lighting
        3. Industrial Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Chip-on-Board LED Market, By Product, 2021 - 2031 (USD Million)
      1. COB LED Modules
      2. COB LED Arrays
      3. COB LED Components
    2. Chip-on-Board LED Market, By Substrate Material, 2021 - 2031 (USD Million)
      1. Ceramic Substrates
      2. Metal Core PCBs
    3. Chip-on-Board LED Market, By Application, 2021 - 2031 (USD Million)
      1. Illumination
        1. Residential
        2. Office Space
        3. Industrial
        4. Shop Area
        5. Hospitality Industry
        6. Outdoor
        7. Architectural
      2. Automotive
        1. Interior
        2. Exterior
        3. Headlamp
        4. Side Lamp
        5. DRLs
        6. Rear Light
      3. Backlight
        1. LED Television
        2. Monitor
        3. Handhelds
        4. Screen Display Lighting
      4. Others
    4. Chip-on-Board LED Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nichia Corporation
      2. Samsung Electronics Co., Ltd.
      3. ams-OSRAM
      4. Lumileds Holding B.V.
      5. Everlight Electronics Co., Ltd.
      6. Cree, Inc.
      7. CITIZEN ELECTRONICS Co., Ltd.
      8. Seoul Semiconductor Co., Ltd.
      9. Philips
      10. Bridgelux, Inc.
      11. Lextar Electronics Corporation
      12. Eaton
      13. Sharp Electronics Corporation
      14. ProPhotonix Limited
      15. PerkinElmer, Inc.
  7. Analyst Views
  8. Future Outlook of the Market