PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1808912
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1808912
Chip-on-Board LED Market size was valued at US$ 2,768.87 Million in 2024, expanding at a CAGR of 15.2% from 2025 to 2032.
The Chip-on-Board (COB) LED market focuses on a type of lighting where several tiny LED chips are placed directly onto a single surface or board. This method helps create brighter, more focused light while keeping energy use low. Because the chips are so close together, the light they produce looks smoother and more natural. COB LEDs are often used in street lights, spotlights, car headlights, and industrial spaces because they're long lasting and don't overheat easily. As more industries move toward energy saving lighting, COB technology is gaining popularity for both its performance and cost efficiency.
Chip-on-Board LED Market- Market Dynamics
Rising Demand for Energy-Efficient and Compact Lighting Solutions
Increased focus on energy efficiency and miniature design is one of the key drivers of the Chip-on-Board (COB) LED market. COB LEDs are more energy efficient with superior luminosity, which makes them ideal for applications such as downlights, vehicle lamps, and high-bay lights. These are unlike the conventional lighting systems that produce less heat and need to be mounted on smaller heatsinks, thereby enabling space saving designs in consumer, commercial, and industrial areas.
Governments worldwide in regions like Europe and Asia are also implementing strict legislation to minimize energy usage, thereby driving the adoption of COB-based systems further. This, combined with increasing electricity prices and heightened awareness regarding sustainable lighting, is increasingly driving uptake in smart homes, retail spaces, and public infrastructure initiatives.
For Instance,
In January 2024, Cree LED launched its J Series COB LEDs optimized for compact luminaires and directional lighting. These modules offer high efficacy and colour consistency, targeting energy-efficient downlights and retail spotlights. The company is addressing the growing need for compact, thermally efficient solutions in commercial lighting.
In February 2024, Nichia, in collaboration with Seoul Semiconductor, launched a hybrid CSP-COB solution aimed at ultra compact LED integration. It caters to low power, high efficiency lighting in smart residential and automotive interiors.
Chip-on-Board LED Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 15.2% over the forecast period (2025-2032)
Based on product segmentation, COB LED modules were predicted to show maximum market share in the year 2024
Based on material segmentation, the metal core printed circuit board (MCPCB) was the leading material in 2024
Based on application segmentation, illumination was the leading application in 2024
Based on region, Asia Pacific was the leading revenue generator in 2024
The global Chip-on-Board LED market is segmented on the basis of product, material, application, and region.
The market is divided into three categories based on product: COB LED modules, COB LED components, and COB LED arrays. The COB LED modules sector dominates the market because of their all in one design, simplified integration, and high luminous efficiency. The modules integrate several LED chips onto a substrate directly, lowering thermal resistance and enhancing consistency in performance. Their plug and play convenience makes them very appropriate for general lighting, architectural lighting fixtures, and commercial spotlights. Growing demand for small, energy-saving lighting in retail, hospitality, and office spaces continues to propel the use of COB LED modules. Suppliers such as Cree LED, Bridgelux, and Lumileds are increasing their modular product lines to encompass tunable white and color stable variants, further entrenching the position of COB LED modules in both retrofit and new build markets.
The market is divided into three categories based on application: automotive, backlighting and illumination. The illumination sector dominates the market and is likely to maintain its dominance during the forecast period. The global shift toward energy-efficient lighting in commercial, residential, and industrial spaces. COB LEDs offer superior thermal management and higher lumen output, making them ideal for ceiling lights, downlights, floodlights, and streetlights where consistent brightness and compact design are crucial. Growing government initiatives promoting LED adoption for public infrastructure and the replacement of traditional lighting systems are accelerating demand in this segment.
Chip-on-Board LED Market- Geographical Insights
Asia Pacific dominates the global Chip-on-Board LED market during the forecast period in 2024.
Asia Pacific dominates the Chip-on-Board LED market across the globe owing to its entrenched electronics production infrastructure and government support for energy saving technology. China, Japan, South Korea, and Taiwan are home to key COB LED players and enjoy an entrenched semiconductor supply chain, phosphors, and substrates. The region has been able to export COB LEDs worldwide through its huge production capacity, trained personnel, and cost benefits. Additionally, increasing uses in automotive LED lighting, consumer electronics, and industrial lighting especially in China and South Korea, maintained regional demand firm. Plans like "Made in China 2025" and green building regulations have also promoted the use of COB-based lighting in public infrastructure.
North America is estimated to register the highest CAGR in the Chip-on-Board LED market during the forecast period in 2024.
North America is expected to see the quickest expansion in the COB LED market, spurred by regulatory forces to reduce carbon emissions and enhance lighting efficiency in commercial and residential properties. U.S. energy efficiency regulations, along with LED retrofit programs in public infrastructure, are propelling COB module adoption. The region's expanding EV and autonomous vehicle markets are also driving demand for high-performance, space-saving LED solutions. Firms such as Cree LED and Bridgelux are also placing more emphasis on developments in color consistency and thermal management to satisfy strict quality demands. Increasing adoption of smart homes and the expanding use of high-lumen output lighting in hospitality and retail industries further support the position of North America as a high-growth market.
The COB LED industry is fairly concentrated, with some well-established players that dominate through a combination of product differentiation, strategic alliances, and capacity building. Major players in the industry are Cree LED (owned by SMART Global Holdings), Lumileds, Osram Opto Semiconductors, Seoul Semiconductor, Bridgelux, Citizen Electronics, and Nichia Corporation.
These firms are mainly competing with each other on the basis of luminous efficacy, thermal resistance, package size, and color consistency. For example, Cree LED is reinforcing its high power LED product portfolio by releasing COBs with better lumen density and greater CRI for upscale lighting. Bridgelux targets chip scale packaging and affordable COB solutions for commerce use, while Seoul Semiconductor targets UV and auto-grade COB technologies.
Asian players such as Nichia and Citizen Electronics reign supreme in volume and price strategies, particularly in industrial and general lighting applications. Osram Opto, on its part, has been aggressively augmenting its portfolio to automobile and agricultural lighting through the inclusion of smart control characteristics in COB modules. Miniaturization, smart lighting integration, and sustainability are driving forces that continue to propel competitors to invest a lot of money in R&D to maintain their competitive advantage. Strategic partnerships, patent-based innovation, and local growth continue to be primary strategies defining the market's development.
In May 2024, Seoul Semiconductor launched its new WICOP COB LEDs, designed for compact lighting applications in automotive and smart lighting. The innovation enhances heat dissipation and offers improved colour uniformity. The company emphasized that this launch targets high performance vehicle headlights and adaptive beam lighting systems
In May 2024, ams-OSRAM AG announced the release of its high-power horticulture LED, the OSCONIQ P 3737. This LED can provide energy efficiency and long-term stable photon flux for plants and vegetables. It ensures significant reductions in greenhouse energy costs while also addressing a diverse range of lighting requirements. The high photon flux is expected to substantially increase photosynthesis rates, shorten harvest cycles, and maximize crop yields
In February 2023, Nichia partnered with Infineon Technologies to design a driver-IC that is tailored for COB LED modules in tunable white lighting systems. This cooperative effort is intended to enhance system architecture while providing dynamic control of lighting in intelligent buildings and human centric lighting uses
In December 2023, Osram collaborated with a European EV component supplier to fit COB LED modules within next generation vehicle interiors and exterior signal lights. The collaboration is centered around miniaturized lighting modules with adaptive dimming and low thermal resistance to meet the growing need for compact automotive lighting solutions