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).
Report ID: Rn631571557 Published Date: March, 2025 Updated Date: May, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Chip On Board Light Emitting Diodes Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increased adoption in automotive lighting
        2. Expansion of smart lighting systems
        3. Enhanced lifespan of COB LEDs
        4. Rise in residential applications
      2. Restraints
        1. Shortage of skilled labor
        2. Environmental disposal issues
        3. Compatibility issues
      3. Opportunities
        1. Innovation in smart lighting
        2. Integration with IoT
        3. Customizable lighting solutions
        4. Development in horticulture lighting
    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. Global Chip On Board Light Emitting Diodes Market, By Material, 2021 - 2031 (USD Million)
      1. MCPCB
      2. Ceramic
    2. Global Chip On Board Light Emitting Diodes Market, By Application, 2021 - 2031 (USD Million)
      1. Illumination
      2. Automotive
      3. Backlighting
      4. High Brightness Lighting
      5. Others
    3. Global Chip On Board Light Emitting Diodes 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 Analysis
    1. Company Profiles
      1. Cree, Inc
      2. Tridonic
      3. Sharp Devices Europe
      4. ProPhotonix
      5. Luminus, Inc
      6. Bridgelux, Inc
      7. Samsung Electronics Co., Ltd.
      8. Everlight
      9. NICHIA
  7. Analyst Views
  8. Future Outlook of the Market