Chip-on-Board Light Emitting Diodes Market

Chip on board (COB) Light Emitting Diode (LED) is the latest technology of packaging multi LED into one lighting module. Chip diodes of LED are bonded into the PCB by the manufacturers, making thermal conductivity move towards the circuit board resulting in lower heat emission. LED light source is preferred over traditional lighting due to its longer life span and brightness. But normal LED may cause uncomfortable glare which is further rectified in COB LED. Furthermore chip on board LED lights provide higher intensity along with homogenous luminosity helping in the rise in demand for chip on board LED lights globally. In addition to this advancement in design through innovation along with cost savings by large scale manufacture of COB LED lights further enhances the demand for chip on board LED lights. Application wise global chip on board LED market can be segmented into automotive, illumination and backlighting among others.
Relatively new to the LED market, chip on board (COB) LEDs offer many advantages over the standard options. COB LEDs are basically multiple LED chips (typically nine or more) bonded directly to a substrate by the manufacturer to form a single module. Since the individual LEDs used in a COB are chips and not traditionally packaged, the chips can be mounted such that they take up less space and the highest potential of the LED chips can be obtained. When the COB LED package is energized, it appears more like a lighting panel than multiple individual lights as would be the case when using several SMD LEDs mounted closely together.
Chip-on-Board Light Emitting Diodes Market aims to provide a comprehensive presentation of the global market for Chip-on-Board Light Emitting Diodes (COB LEDs), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Chip-on-Board Light Emitting Diodes (COB LEDs). Chip-on-Board Light Emitting Diodes Market contains market size and forecasts of Chip-on-Board Light Emitting Diodes (COB LEDs) in global, including the following market information:
Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Chip-on-Board Light Emitting Diodes (COB LEDs) companies in 2022 (%)
The global Chip-on-Board Light Emitting Diodes (COB LEDs) market was valued at US$ 9521.3 million in 2022 and is projected to reach US$ 43410 million by 2029, at a CAGR of 24.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
High demand for COB LED owing to increased adoption by several lighting application segments to gain benefit over technologies such as CFL and incandescent lighting is also expected to positively impact the global market over the next six years. Furthermore, advancements in design and cost saving through economies of scale are expected to provide significant growth opportunity for the market over the forecast period. However, the complex manufacturing process and high price coupled with fluctuating global economic conditions may be a challenge for industry participants.
We surveyed the Chip-on-Board Light Emitting Diodes (COB LEDs) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market Segment Percentages, by Type, 2022 (%)
Organized Structure
Unorganized Structure
Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market Segment Percentages, by Application, 2022 (%)
Automotive
Illumination
Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Chip-on-Board Light Emitting Diodes (COB LEDs) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Chip-on-Board Light Emitting Diodes (COB LEDs) revenues share in global market, 2022 (%)
Key companies Chip-on-Board Light Emitting Diodes (COB LEDs) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Chip-on-Board Light Emitting Diodes (COB LEDs) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Cree Inc.
Lumileds
Osram Opto Semiconductors GmbH
Samsung Electronics Co. Ltd.
LG Innotek Co. Ltd.
Citizen Electronics Co. Ltd.
Nichia Corporation
Seoul Semiconductor Co. Ltd.
Everlight Electronics Co. Ltd.
Lumens Co. Ltd
Cooper Lighting
PerkinElmer
Sharp Electronics
Lextar Electronics Corporation
Outline of Major Chapters:
Chapter 1: Introduces the definition of Chip-on-Board Light Emitting Diodes (COB LEDs), market overview.
Chapter 2: Global Chip-on-Board Light Emitting Diodes (COB LEDs) market size in revenue and volume.
Chapter 3: Detailed analysis of Chip-on-Board Light Emitting Diodes (COB LEDs) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Chip-on-Board Light Emitting Diodes (COB LEDs) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Chip-on-Board Light Emitting Diodes (COB LEDs) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.