Quick Summary:
As the global market for Chip-On-Board Light Emitting Diodes (COB LEDs) indicates a compelling upward trajectory, seizing profitable opportunities requires a comprehensive grip on market trends, key players, and future prospects. Our comprehensive report provides crucial insights tailored to provide an invaluable edge in this burgeoning market.
Detailing an overview of the global market estimated at US$3 Billion in 2022 and projected to reach an impressive US$6.4 Billion by 2030, our report exemplifies a thorough investigatory tool. Covering numerous geographic markets and segment analyses, including growth projections for the Outdoor Lighting segment and the readjusted growth rate for the Residential segment, the report ensures a comprehensive understanding of the marketplace.
Guiding decision-making with comprehensive data on competitors, market shares, and geographical presence, our report is your go-to resource for a confident approach to the COB LEDs market. Access to our digital archives, research platform, and complimentary updates for one year enrich your planning and decision-making process. Choose informed leadership - secure your report now.
Global Chip-On-Board Light Emitting Diodes (COB LEDs) Market to Reach $6.4 Billion by 2030
The global market for Chip-On-Board Light Emitting Diodes (COB LEDs) estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$6.4 Billion by 2030, growing at a CAGR of 10% over the analysis period 2022-2030. Outdoor Lighting, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Residential segment is readjusted to a revised 11.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $811.3 Million, While China is Forecast to Grow at 14% CAGR
The Chip-On-Board Light Emitting Diodes (COB LEDs) market in the U.S. is estimated at US$811.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 14% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 8.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$933.2 Million by the year 2030.Select Competitors (Total 53 Featured) -
- 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
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Chip-On-Board Light Emitting Diodes (COB LEDs)?
What is the growth rate of the Global Market for Chip-On-Board Light Emitting Diodes (COB LEDs)?
What is the forecasted size of the Global Market for Chip-On-Board Light Emitting Diodes (COB LEDs)?
Who are the key companies in the Global Market for Chip-On-Board Light Emitting Diodes (COB LEDs)?
| Report Attribute | Details |
|---|---|
| No. of Pages | 279 |
| Published | October 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 3 Billion |
| Forecasted Market Value ( USD | $ 6.4 Billion |
| Compound Annual Growth Rate | 9.9% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- 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
