Chip-on-board (CoB) LED Market 2023 Global Trends, Share and Growth Opportunities with Major Players like Samsung, Lumileds, LatticePower

Published September 22, 2023

The comprehensive report on the Global “Chip-on-board (CoB) LED Market” anticipates significant growth in the near future. Released by Infinity Business Insights, this report provides a thorough assessment of the sector, covering elements such as market size, market share, growth rate, and production costs. The analysis of the Chip-on-board (CoB) LED Market offers valuable insights into industry trends, potential avenues for growth, and the challenges businesses may encounter. Its primary aim is to aid decision-makers in navigating the complexities of the global economy. Furthermore, the report includes an evaluation of the market’s strengths, weaknesses, opportunities, and threats through a SWOT analysis.

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The major key players covered in this report:      

Cree, Nichia, Osram, Samsung Electronics, Seoul Semiconductor, Lumileds, Citizen Electronics, Lumens, LG Innotek, Everlight Electronics, Epistar, Genesis Photonics, Elec-Tech International, Hongli Zhihui Group, LatticePower, Shenzhen MTC Lightin

The Chip-on-board (CoB) LED sector is projected to experience a significant compound annual growth rate (CAGR) of 18.1% between 2023 and 2030. This expansion is driven by the increasing worldwide need for Chip-on-board (CoB) LED and a growing focus on promoting sustainable methods.

Market Overview:

The Chip-on-board (CoB) LED market is a significant segment of the lighting and electronics industry, characterized by LED chips directly mounted onto a circuit board without individual packaging. CoB LEDs offer high luminous intensity, energy efficiency, and compact design, making them ideal for various lighting applications, including automotive, residential, and commercial lighting. This market has experienced substantial growth due to increasing demand for energy-efficient lighting solutions and superior illumination quality. Technological advancements have led to improved thermal management and color rendering. As energy-efficient lighting gains prominence and LED technology continues to evolve, the CoB LED market is poised for ongoing expansion.

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Chip-on-board (CoB) LED Market Segmental Analysis:

Based on type, the Chip-on-board (CoB) LED market is segmented into:

  • Under 10W
  • 10-50W
  • 50-100W
  • 100-200W
  • Above 200W

By application, the Chip-on-board (CoB) LED market is bifurcated into:

  • General Lighting Industry
  • Automotive Industry
  • Backlighting Industry
  • Other

Regional Overview:

Regional Overview: Regional analysis provides a thorough knowledge about the opportunities in business, market status & forecast, possibility of generating revenue, regional market by different end users as well as types and future forecast of upcoming years.

-North America (United States, Canada, Mexico)

-Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Rest of Asia Pacific)

-Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and Rest of Europe)

-South America (Brazil, Argentina, Rest of South America)

-Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)

 Chip-on-board (CoB) LED Market Future Trends:

Future trends in the Chip-on-Board (CoB) LED market will involve advancements in LED technology to meet the demands of energy-efficient lighting and display solutions. CoB LEDs will continue to evolve with innovations in chip design, enabling higher luminous efficacy and color rendering. These advancements will drive the adoption of CoB LEDs in various applications, including general lighting, automotive lighting, and displays. Miniaturization and improved thermal management solutions will make CoB LEDs more versatile and suitable for compact lighting fixtures. Additionally, efforts to reduce the environmental impact through eco-friendly materials and manufacturing processes will align with sustainability goals, making CoB LEDs a greener lighting option.

Our Research Methodology at a Glance:

Our research adopts a rigorous methodology, encompassing the following key steps:

  • Competitive Analysis: Assess the competitive landscape of the Chip-on-board (CoB) LED market by identifying key players, their market share, strengths, weaknesses, opportunities, and threats (SWOT analysis).
  • Trend Analysis: Identify and analyze trends within the Chip-on-board (CoB) LED market, including technological advancements, consumer preferences, regulatory changes, and market dynamics.
  • Forecasting: Use historical data and trends to make informed predictions about the future of the Chip-on-board (CoB) LED This can include revenue projections, market growth rates, and demand forecasts.
  • Qualitative Research: Conduct qualitative research, such as interviews and focus groups, to gather insights into consumer opinions, preferences, and perceptions related to the Chip-on-board (CoB) LED
  • Report Compilation: Compile the research findings, analysis, and insights into a comprehensive report. The report should include an executive summary, methodology description, data presentation, analysis, conclusions, and recommendations.

Reasons to Purchase this Report:

  • Analyze the most recent advancements, market shares, and tactics deployed by key players in the Chip-on-board (CoB) LED
  • Investigate the regions poised for the most rapid expansion in the projected timeframe.
  • Make data-driven business choices, enhance presentations and marketing materials, and acquire valuable insights into top players in the industry.
  • Access the option for tailored adjustments in the report at no additional cost, incorporating research data or trends according to the buyer’s particular requirements.
  • Examine the product category anticipated to exert the greatest influence on the Market.

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Strategic Points Covered in Table of Content of Chip-on-board (CoB) LED Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Chip-on-board (CoB) LED market (2023-2030)

Chapter 2: Exclusive Summary – the basic information of the Chip-on-board (CoB) LED

Chapter 3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Chip-on-board (CoB) LED; Post COVID Analysis

Chapter 4: Presenting the Chip-on-board (CoB) LED Factor Analysis, Post COVID Impact Analysis, Porter’s Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, and Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End-User, and Region/Country 2023-2030

Chapter 6: Evaluating the leading manufacturers of the Chip-on-board (CoB) LED which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries, and by Manufacturers/companies with revenue share and sales by key countries in these various regions (2023-2030)

 To be continued


The Chip-on-board (CoB) LED Market research report’s estimations and estimates examine the impact of different political, social, and economic factors, as well as current market conditions, on market growth. All of this important information will assist the reader in better understanding the market.

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Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.

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