Global Chip-on-Board LED Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Material;

MCPCB and Ceramic.

By Application;

General Lighting, Automotive Lighting, and Backlighting.

By Geography;

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

Introduction

Global Chip-on-Board LED Market (USD Million), 2021 - 2031

In the year 2024, the Global Chip-on-Board LED Market was valued at USD 21,505.87 million. 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%.

The Global Chip-on-Board (COB) LED Market is a rapidly growing segment within the LED lighting industry, characterized by its compact design and high-performance capabilities. COB LEDs integrate multiple LED chips directly onto a single substrate or circuit board, enhancing brightness, efficiency, and thermal management compared to traditional discrete LED packages. This integration allows COB LEDs to deliver higher lumen output per unit area, making them ideal for applications where high intensity and uniform light distribution are required.

One of the key advantages of COB LEDs is their ability to achieve higher power densities and improved thermal management. By closely packing LED chips on a single board, COB technology reduces thermal resistance and enhances heat dissipation, thereby extending the lifespan of the LEDs and maintaining optimal performance over time. This feature makes COB LEDs suitable for demanding applications such as automotive lighting, industrial lighting, and commercial lighting where reliability and longevity are critical factors.

The market for COB LEDs is driven by increasing demand for energy-efficient lighting solutions across various sectors including residential, commercial, and industrial applications. COB LEDs offer significant energy savings compared to traditional lighting technologies, contributing to reduced operational costs and environmental sustainability. Their compact size and versatility also enable designers and manufacturers to innovate in luminaire design, creating sleeker and more efficient lighting fixtures that meet the evolving demands of modern lighting applications. As technology advancements continue to improve efficiency and reduce costs, the COB LED market is expected to witness continued growth and adoption globally.

  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 LED Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency
        2. High Luminosity
        3. Thermal Management
      2. Restraints
        1. Thermal Management
        2. Cost Constraints
        3. 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. Global Chip-on-Board LED Market, By Material, 2021 - 2031 (USD Million)

      1. MCPCB

      2. Ceramic

    2. Global Chip-on-Board LED Market, By Application, 2021 - 2031 (USD Million)
      1. General Lighting
      2. Automotive Lighting
      3. Backlighting
    3. Global 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
        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. Osram Opto Semiconductors GmbH (Germany)
      2. Citizen Electronics Co. Ltd. (Japan)
      3. Cree Inc. (US)
      4. Seoul Semiconductor Co. Ltd. (South Korea)
      5. GE Lighting (US)
      6. Philips Lumileds Lighting Co. (Netherlands)
      7. Samsung Electronics Co. Ltd. (South Korea)
      8. Everlight Electronics Co. Ltd. (Taiwan)
      9. LG Innotek Co. Ltd. (South Korea)
  7. Analyst Views
  8. Future Outlook of the Market