Global Chip On Board Light Emitting Diodes Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Material;
MCPCB and Ceramic.By Application;
Illumination, Automotive, Backlighting, High Brightness Lighting, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Chip On Board Light Emitting Diodes Market (USD Million), 2021 - 2031
In the year 2024, the Global Chip On Board Light Emitting Diodes Market was valued at USD 23,435.37 million. The size of this market is expected to increase to USD 179,772.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 33.8%.
The global Chip on Board Light Emitting Diodes (COB LEDs) market is experiencing significant growth due to the increasing demand for energy-efficient lighting solutions across various applications, including residential, commercial, automotive, and industrial sectors. COB LEDs are gaining popularity for their superior light output, compact size, and enhanced thermal performance compared to traditional LEDs. As energy efficiency and sustainability remain key priorities, particularly in urban development and smart city initiatives, the demand for high-performance lighting solutions like COB LEDs is on the rise. Additionally, the reduction in the cost of production and technological advancements in COB LED technology are making them a more affordable and attractive option for consumers and businesses alike.
The market growth of COB LEDs is also fueled by the expansion of the automotive sector, where COB LEDs are increasingly used in headlamps, taillights, and interior lighting due to their durability, brightness, and ability to withstand harsh conditions. The growing trend of electric vehicles (EVs) and autonomous driving technology is further driving the demand for advanced lighting solutions. COB LEDs offer the added advantage of improved energy efficiency, which is especially important in EVs to reduce battery consumption. Moreover, the increased adoption of COB LEDs in commercial and residential lighting is helping to drive market growth as consumers and businesses seek energy-saving alternatives to traditional incandescent and fluorescent lighting.
Regionally, the Asia-Pacific region holds the largest market share for COB LEDs, owing to the significant presence of manufacturing hubs in countries like China, South Korea, and Japan. The region benefits from a large-scale production capacity and strong demand for COB LEDs in consumer electronics, automotive, and industrial sectors. North America and Europe also contribute to the growth of the COB LED market, driven by a focus on energy-efficient lighting solutions and the growing popularity of smart lighting systems. As demand for environmentally friendly and long-lasting lighting solutions continues to rise across the globe, the COB LED market is expected to grow steadily, with applications expanding into various industries such as healthcare, entertainment, and agriculture.
Global Chip On Board Light Emitting Diodes Market Recent Developments
-
In February 2022, Samsung Electronics Co., Ltd. unveiled its MICRO LED, Neo QLED, and Lifestyle TVs with advancements in picture and sound quality, more screen size options, customizable accessories, and an upgraded interface.
-
In May 2021, Everlight developed intelligent RGB LED technology for automotive interior and provided innovative solutions for automotive lighting.
-
In October 2021, NICHIA launched high radiant flux UV-C LED to help target the inactivation and sterilization of various bacteria and viruses, specifically industrial water and air applications.
Segment Analysis
The Global Chip On Board Light Emitting Diodes Market has been segmented by Material, Application and Geography, by material into MCPCB (Metal Core Printed Circuit Board) and Ceramic. MCPCBs are known for their excellent heat dissipation properties, making them ideal for high-power LED applications where thermal management is crucial. Ceramic substrates offer high thermal conductivity and stability, which are essential for maintaining performance and longevity in high-brightness and high-power LED applications. These material choices are pivotal in determining the efficiency, durability, and overall performance of COB LEDs, which are widely utilized in various sectors due to their superior light output and reliability.
The market segmentation by application includes Illumination, Automotive, Backlighting, High Brightness Lighting, and Others. Illumination covers general lighting needs such as residential, commercial, and industrial lighting, where energy efficiency and long lifespan are key benefits. The automotive sector leverages COB LEDs for both interior and exterior lighting solutions, capitalizing on their compact size and high brightness.
Backlighting applications are prominent in screens and displays, ensuring uniform light distribution and color accuracy. High Brightness Lighting is critical for applications requiring intense light output, such as streetlights and stadium lighting. The market is divided into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, with each region exhibiting unique growth drivers and challenges based on local demand, technological advancements, and regulatory environments.
Global Chip On Board Light Emitting Diodes Segment Analysis
In this report, the Global Chip On Board Light Emitting Diodes Market has been segmented by Material, Application and Geography.
Global Chip On Board Light Emitting Diodes Market, Segmentation by Material
The Global Chip On Board Light Emitting Diodes Market has been segmented by Material into MCPCB, and Ceramic.
MCPCB is widely used in COB LED applications due to its superior thermal conductivity and ability to dissipate heat efficiently, which is crucial for maintaining the performance and longevity of LEDs. MCPCB substrates, typically made of aluminum or copper, are favored in high-power LED applications and are integral in automotive, industrial, and outdoor lighting solutions where thermal management is a critical concern.
The Global Chip On Board (COB) Light Emitting Diodes (LED) Market has been witnessing significant growth due to the increasing demand for energy-efficient and high-performance lighting solutions. COB LED technology, known for its superior luminous efficiency and compact size, has become a preferred choice in various applications such as general lighting, automotive, and industrial sectors. The technology's ability to provide uniform illumination and reduced heat emission makes it ideal for use in environments where both efficiency and reliability are critical. The growing adoption of smart lighting systems and the expansion of LED applications in different industries are driving the market forward.
Ceramic substrates, on the other hand, offer exceptional thermal stability and high reflectivity, making them ideal for COB LED applications that require high brightness and reliable performance. Ceramic-based COB LEDs are commonly used in sectors such as medical lighting, projectors, and high-end retail lighting. The robustness of ceramic materials ensures durability and reliability, even under extreme operating conditions. Both MCPCB and Ceramic materials play a pivotal role in the advancement and adoption of COB LED technology across various industries, contributing to the market's growth by meeting the diverse requirements of different lighting applications.
Global Chip On Board Light Emitting Diodes Market, Segmentation by Application
The Global Chip On Board Light Emitting Diodes Market has been segmented by Application into Illumination, Automotive, Backlighting, High Brightness Lighting, and Others.
COB LEDs are known for their superior thermal management, high luminous efficiency, and compact design, making them ideal for a wide range of applications. The market is segmented by application into several key areas: Illumination, Automotive, Backlighting, High Brightness Lighting, and Others. Each of these segments leverages the unique advantages of COB LEDs to meet specific lighting needs and performance requirements. In the illumination segment, COB LEDs are widely used in residential, commercial, and industrial lighting due to their ability to produce a high level of brightness with lower energy consumption.
Advancements in LED technology have led to the development of innovative products with enhanced features such as improved color rendering, longer lifespan, and lower power consumption. Major companies in the market are focusing on research and development to introduce new and advanced COB LED products, catering to the evolving demands of consumers. Strategic partnerships and collaborations among key players are also contributing to market growth by expanding product portfolios and improving distribution networks. As a result, the Global COB LED Market is expected to continue its upward trajectory, supported by technological advancements and the rising emphasis on sustainable and energy-efficient lighting solutions.
The automotive segment benefits from COB LEDs' compact size and high efficiency, which are crucial for both interior and exterior vehicle lighting. Backlighting applications, particularly in displays and screens, utilize COB LEDs for their uniform light distribution and thin profile. High Brightness Lighting, which includes street lighting and floodlighting, takes advantage of COB LEDs' high intensity and durability. Other applications encompass a variety of specialized uses, such as horticultural lighting and medical devices, where the precise control and high performance of COB LEDs are particularly valuable. The ongoing advancements in COB LED technology and the growing emphasis on sustainability are expected to further drive the market's expansion across these diverse application areas.
Global Chip On Board Light Emitting Diodes Market, Segmentation by Geography
In this report, the Global Chip On Board Light Emitting Diodes Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Chip On Board Light Emitting Diodes Market Share (%), by Geographical Region, 2024
The Asia-Pacific region holds the largest share of the global Chip on Board (COB) Light Emitting Diodes (LEDs) market. This dominance is largely attributed to the region's strong manufacturing capabilities, particularly in countries like China, South Korea, and Japan, which are major producers of COB LED components. The growing demand for energy-efficient lighting solutions in the region, along with rapid urbanization and infrastructure development, further contributes to the market growth. Additionally, the robust consumer electronics and automotive industries in Asia-Pacific are significant drivers for the increased adoption of COB LEDs, particularly in applications such as smart lighting, automotive lighting, and displays.
North America also holds a notable share of the COB LED market, driven by the increasing focus on energy efficiency and sustainability across various sectors. The demand for smart lighting solutions in residential, commercial, and industrial applications is rising, as consumers and businesses continue to seek ways to reduce energy consumption and lower operational costs. Furthermore, the automotive industry in North America is adopting COB LEDs for advanced lighting systems in vehicles, including headlamps and interior lighting. The growing interest in electric vehicles (EVs) and autonomous driving technologies is expected to further fuel the demand for COB LEDs in the region.
Europe represents a significant portion of the global COB LED market, with countries like Germany, the UK, and France leading the adoption of energy-efficient lighting technologies. The European Union’s focus on sustainability and environmental regulations has accelerated the shift toward energy-efficient solutions, particularly in commercial lighting and street lighting applications. The region's automotive sector also contributes to the growth of the market, with COB LEDs being increasingly used in automotive lighting applications. As the demand for advanced, energy-saving lighting systems continues to rise, Europe's market share in the COB LED segment is expected to maintain steady growth in the coming years.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Chip On Board Light Emitting Diodes Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increased adoption in automotive lighting
- Expansion of smart lighting systems
- Enhanced lifespan of COB LEDs
-
Rise in residential applications - The rise in residential applications for Chip On Board (COB) Light Emitting Diodes (LEDs) is significantly contributing to market growth. Homeowners are increasingly seeking energy-efficient and cost-effective lighting solutions, making COB LEDs an attractive choice due to their superior performance and longevity. These LEDs provide better light quality with higher intensity and uniformity, enhancing the aesthetic appeal of residential spaces.
The growing trend of smart homes and the integration of smart lighting systems that can be controlled via mobile devices and voice assistants are driving the adoption of COB LEDs. With their ability to offer customizable lighting options and improved energy savings, COB LEDs are becoming a preferred option for various residential lighting applications, from living rooms and kitchens to outdoor areas.
Restraints
- Shortage of skilled labor
- Environmental disposal issues
-
Compatibility issues - Despite their advantages, COB LEDs face compatibility issues that can hinder their widespread adoption. One of the main challenges is the integration of COB LEDs with existing lighting systems and fixtures, which often requires specific drivers and controllers that are not universally compatible. This can lead to increased installation costs and complexity, as homeowners and businesses may need to invest in additional components or modifications to their existing setups.
The rapid pace of technological advancements means that new COB LED products may not always be compatible with older systems, creating obsolescence concerns. These compatibility issues can pose significant barriers, especially in regions where the transition to LED technology is still in its early stages, and consumers are wary of potential disruptions and additional expenses.
Opportunities
- Innovation in smart lighting
- Integration with IoT
- Customizable lighting solutions
-
Development in horticulture lighting - The development of COB LEDs for horticulture lighting represents a promising opportunity for market expansion. COB LEDs are increasingly being recognized for their ability to provide the precise light spectrum needed for optimal plant growth and development. Their high intensity and uniform light distribution make them ideal for use in indoor farming, greenhouses, and vertical farming setups.
As the global demand for food production rises and the agricultural industry seeks more sustainable and efficient methods, COB LEDs are emerging as a key technology to support year-round cultivation and higher crop yields. Advancements in LED technology are enabling the customization of light wavelengths to target specific growth stages of plants, further enhancing their appeal in horticulture applications. This focus on developing specialized COB LED solutions for agriculture is expected to drive significant growth in this sector, contributing to overall market dynamics.
Competitive Landscape Analysis
Key players in Global Chip On Board Light Emitting Diodes Market include
- Cree, Inc
- Tridonic
- Sharp Devices Europe
- ProPhotonix
- Luminus, Inc
- Bridgelux, Inc
- Samsung Electronics Co., Ltd.
- Everlight
- NICHIA
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Material
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Chip On Board Light Emitting Diodes Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increased adoption in automotive lighting
- Expansion of smart lighting systems
- Enhanced lifespan of COB LEDs
- Rise in residential applications
- Restraints
- Shortage of skilled labor
- Environmental disposal issues
- Compatibility issues
- Opportunities
- Innovation in smart lighting
- Integration with IoT
- Customizable lighting solutions
- Development in horticulture lighting
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Chip On Board Light Emitting Diodes Market, By Material, 2021 - 2031 (USD Million)
- MCPCB
- Ceramic
- Global Chip On Board Light Emitting Diodes Market, By Application, 2021 - 2031 (USD Million)
- Illumination
- Automotive
- Backlighting
- High Brightness Lighting
- Others
- Global Chip On Board Light Emitting Diodes Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Chip On Board Light Emitting Diodes Market, By Material, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- Cree, Inc
- Tridonic
- Sharp Devices Europe
- ProPhotonix
- Luminus, Inc
- Bridgelux, Inc
- Samsung Electronics Co., Ltd.
- Everlight
- NICHIA
- Company Profiles
- Analyst Views
- Future Outlook of the Market