The global market for Chip-On-Board Light Emitting Diodes (COB LEDs) was estimated at US$3.7 Billion in 2024 and is projected to reach US$6.4 Billion by 2030, growing at a CAGR of 9.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Chip-On-Board Light Emitting Diodes (COB LEDs) market.
The market for COB LEDs is witnessing substantial growth, driven by several key factors. These LEDs boast a longer lifespan due to superior thermal management, which translates to lower replacement and maintenance costs, promoting their adoption across commercial and residential sectors. The simplicity of the manufacturing process, involving fewer components and steps, reduces production costs and enhances the consistency of quality in mass production. COB LEDs also contribute to environmental sustainability by improving energy efficiency and reducing hazardous waste, as they do not contain harmful materials like mercury. This aspect is particularly attractive to companies and governments aiming to meet stringent environmental targets. Additionally, the compact nature of COB LEDs allows for flexible design options, making them adaptable to a wide range of applications from intricate medical instruments to robust industrial uses.
The expanding application of COB LEDs is supported by technological innovations and evolving market demands. Their integration into smart lighting systems and IoT applications underscores their compatibility with advanced control systems and smart technologies. COB LEDs are favored in markets that demand high color accuracy, such as retail displays and medical lighting, where precise color differentiation is crucial. Furthermore, global energy regulations pushing for reduced consumption and higher efficiency favor the adoption of COB LEDs, aligning with consumer preferences for high-quality, energy-efficient lighting solutions. The adaptability of COB LEDs to smaller, more compact lighting solutions also caters to emerging markets such as wearable technology, UV disinfection applications, and horticultural lighting, broadening their scope and application. This convergence of technological advancement, regulatory compliance, and consumer demand ensures that COB LEDs continue to play a pivotal role in the evolution of lighting technologies, catering to a diverse array of modern lighting needs.
Global Chip-On-Board Light Emitting Diodes (COB LEDs) Market - Key Trends and Drivers Summarized
Chip-on-Board (COB) LED technology marks a significant advancement in the field of lighting, offering a series of benefits over traditional LED systems such as Surface Mounted Device (SMD) LEDs or Dual In-line Package (DIP) LEDs. By placing LED chips directly on a substrate, COB LEDs achieve a high lumen density, allowing for a greater number of LEDs in a smaller area, which results in brighter and more uniform light output. This configuration enhances the light`s intensity while reducing the overall footprint and energy consumption of the LED array. COB LEDs are exceptionally beneficial in battery-powered lighting systems, balancing high brightness with extended battery life due to their low energy consumption. They also have a long operational life, making them suitable for use in specialized fields like film production, photography, and medical lighting, where the precision and quality of light are paramount.The market for COB LEDs is witnessing substantial growth, driven by several key factors. These LEDs boast a longer lifespan due to superior thermal management, which translates to lower replacement and maintenance costs, promoting their adoption across commercial and residential sectors. The simplicity of the manufacturing process, involving fewer components and steps, reduces production costs and enhances the consistency of quality in mass production. COB LEDs also contribute to environmental sustainability by improving energy efficiency and reducing hazardous waste, as they do not contain harmful materials like mercury. This aspect is particularly attractive to companies and governments aiming to meet stringent environmental targets. Additionally, the compact nature of COB LEDs allows for flexible design options, making them adaptable to a wide range of applications from intricate medical instruments to robust industrial uses.
The expanding application of COB LEDs is supported by technological innovations and evolving market demands. Their integration into smart lighting systems and IoT applications underscores their compatibility with advanced control systems and smart technologies. COB LEDs are favored in markets that demand high color accuracy, such as retail displays and medical lighting, where precise color differentiation is crucial. Furthermore, global energy regulations pushing for reduced consumption and higher efficiency favor the adoption of COB LEDs, aligning with consumer preferences for high-quality, energy-efficient lighting solutions. The adaptability of COB LEDs to smaller, more compact lighting solutions also caters to emerging markets such as wearable technology, UV disinfection applications, and horticultural lighting, broadening their scope and application. This convergence of technological advancement, regulatory compliance, and consumer demand ensures that COB LEDs continue to play a pivotal role in the evolution of lighting technologies, catering to a diverse array of modern lighting needs.
Scope of Study:
The report analyzes the Chip-On-Board Light Emitting Diodes (COB LEDs) market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Application (Outdoor Lighting, Residential, Automotive, Hospitality, Architectural, Other Applications)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Outdoor Lighting segment, which is expected to reach US$1.8 Billion by 2030 with a CAGR of a 10.2%. The Residential segment is also set to grow at 11.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $980.2 Million in 2024, and China, forecasted to grow at an impressive 13.7% CAGR to reach $1.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Chip-On-Board Light Emitting Diodes (COB LEDs) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Chip-On-Board Light Emitting Diodes (COB LEDs) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Chip-On-Board Light Emitting Diodes (COB LEDs) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Acuity Brands Lighting Inc., Bridgelux Inc., Citizen Electronics Co. Ltd., Cree Inc., Everlight Electronics Co. Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 53 companies featured in this Chip-On-Board Light Emitting Diodes (COB LEDs) market report include:
- Acuity Brands Lighting Inc.
- Bridgelux Inc.
- Citizen Electronics Co. Ltd.
- Cree Inc.
- Everlight Electronics Co. Ltd.
- Excelitas Technologies® Corp.
- General Electric Company
- Havells India Limited
- LEDVANCE GmbH
- Leiso Lighting (Dongguan) Tech. Limited
- Lextar Electronics Corporation
- LG Innotek
- Lumileds Holding B.V.
- Nichia Corporation
- OSRAM Licht AG
- Samsung Electronics Co., Ltd.
- Seoul Semiconductor Co. Ltd.
- Sharp Corporation
- Tridonic GmbH & Co KG
- Zumtobel Group AG
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acuity Brands Lighting Inc.
- Bridgelux Inc.
- Citizen Electronics Co. Ltd.
- Cree Inc.
- Everlight Electronics Co. Ltd.
- Excelitas Technologies® Corp.
- General Electric Company
- Havells India Limited
- LEDVANCE GmbH
- Leiso Lighting (Dongguan) Tech. Limited
- Lextar Electronics Corporation
- LG Innotek
- Lumileds Holding B.V.
- Nichia Corporation
- OSRAM Licht AG
- Samsung Electronics Co., Ltd.
- Seoul Semiconductor Co. Ltd.
- Sharp Corporation
- Tridonic GmbH & Co KG
- Zumtobel Group AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 279 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 3.7 Billion |
| Forecasted Market Value ( USD | $ 6.4 Billion |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | Global |
