Chip-on-Board Light Emitting Diodes (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, Rear Light], Backlight, LED Television, Monitor, Handhelds, Screen Display 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: October, 2025 Updated Date: November, 2025

Chip-on-Board Light Emitting Diodes (LED) Market Overview

Chip On Board Light Emitting Diodes Market (USD Million)

Chip On Board Light Emitting Diodes Market was valued at USD 23,435.37 million in the year 2024. 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%.


Chip-on-Board Light Emitting Diodes (LED) Market

*Market size in USD million

CAGR 33.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)33.8 %
Market Size (2024)USD 23,435.37 Million
Market Size (2031)USD 179,772.73 Million
Market ConcentrationLow
Report Pages359
23,435.37
2024
179,772.73
2031

Major Players

  • Cree, Inc
  • Tridonic
  • Sharp Devices Europe
  • ProPhotonix
  • Luminus, Inc
  • Bridgelux, Inc
  • Samsung Electronics Co., Ltd.
  • Everlight
  • NICHIA

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Chip-on-Board Light Emitting Diodes (LED) Market

Fragmented - Highly competitive market without dominant players


The Chip-on-Board Light Emitting Diodes (LED) Market is witnessing strong growth as businesses and households adopt advanced energy-saving lighting systems. Over 57% of modern lighting projects incorporate COB LEDs for their high brightness and even light distribution. Their efficiency makes them central to the shift toward sustainable illumination.

Advantages of COB Technology
Nearly 62% of lighting producers opt for COB LEDs because of their superior lumen density, heat management, and compact designs. These benefits enable powerful lighting in smaller formats while boosting product longevity. Their performance advantages continue to drive adoption across industries.

Adoption in Consumer and Commercial Lighting
More than 48% of COB LED installations occur in residential, commercial, and industrial environments. Their ability to maximize energy efficiency while reducing costs makes them suitable for multiple applications. This broad usage underlines their growing role in global lighting solutions.

Innovation in Smart and Specialty Lighting
Approximately 45% of new launches feature smart COB LEDs with dimmable functions, tunable colors, and IoT-enabled features. These advanced solutions are finding demand in automotive lighting, architectural designs, and entertainment sectors. Innovation is fueling market growth and diversifying applications.

Shift Toward Sustainable Lighting Solutions
Sustainability remains a defining factor, with about 41% of manufacturers emphasizing eco-friendly COB LED solutions. By reducing power consumption and extending durability, these products align with energy conservation goals. Their sustainable profile strengthens their position as the future of LED lighting.

  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 Light Emitting Diodes (LED) 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. Chip-on-Board Light Emitting Diodes (LED) Market, By Product, 2021 - 2031 (USD Million)
      1. COB LED Modules
      2. COB LED Arrays
      3. COB LED Components
    2. Chip-on-Board Light Emitting Diodes (LED) Market, By Substrate Material, 2021 - 2031 (USD Million)
      1. Ceramic Substrates
      2. Metal Core PCBs
    3. Chip-on-Board Light Emitting Diodes (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
      4. LED Television
      5. Monitor
      6. Handhelds
      7. Screen Display Lighting
      8. Others
    4. Chip-on-Board Light Emitting Diodes (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 Analysis
    1. Company Profiles
      1. Nichia Corporation
      2. Samsung Electronics
      3. ams-OSRAM
      4. Lumileds Holding
      5. Bridgelux, Inc.
      6. Everlight Electronics
      7. EPISTAR Corporation
      8. Lextar Electronics
      9. Seoul Semiconductor
      10. Signify Holding
      11. WOLFSPEED, Inc.
      12. SAVANT Technologies
      13. OSRAM Opto Semiconductors
      14. Citizen Electronics
      15. Cree, Inc.
  7. Analyst Views
  8. Future Outlook of the Market