Global Chip-on-board (COB) LED Market 2024-2028

Chip-On-Board (COB) LED Market 2024-2028


The chip-on-board (COB) led market is forecasted to grow by USD 3185 mn during 2023-2028, accelerating at a CAGR of 17.1% during the forecast period. The report on the chip-on-board (COB) led market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological innovations in cob leds, rising adoption of cob leds in smart lighting, and growing demand for cob led from automotive sector.

Technavio's chip-on-board (COB) led market is segmented as below:
  • By End-user
  • General lighting
  • Automotive lighting
  • Backlighting
  • By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the adoption of cob leds in horticulture as one of the prime reasons driving the chip-on-board (COB) led market growth during the next few years. Also, development of high-color rendering index (CRI) cob leds and growing interest in human-centric lighting will lead to sizable demand in the market.

The report on the chip-on-board (COB) led market covers the following areas:
  • Chip-On-Board (COB) LED Market sizing
  • Chip-On-Board (COB) LED Market forecast
  • Chip-On-Board (COB) LED Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chip-on-board (COB) led market vendors that include ams OSRAM AG, Boston Electronics Corp., Bridgelux Inc., Citizen Watch Co. Ltd., Everlight Electronics Co. Ltd., Excelitas Technologies Corp., Hongli Zhihui Group Co. Ltd., LG Innotek Co. Ltd., Lumens Co. Ltd., Luminus Inc., Mouser Electronics Inc., Neumuller Elektronik GmbH, Nichia Corp., Perkin Elmer Inc., Power Palazzo Pvt Ltd., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., and Silicon Lightworks LLC. Also, the chip-on-board (COB) led market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Chip-On-Board (COB) LED Market 2018 - 2022
Historic Market Size - Data Table on Global Chip-On-Board (COB) LED Market 2018 - 2022 ($ million)
4.2 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
6.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
6.3 General lighting - Market size and forecast 2023-2028
Chart on General lighting - Market size and forecast 2023-2028 ($ million)
Data Table on General lighting - Market size and forecast 2023-2028 ($ million)
Chart on General lighting - Year-over-year growth 2023-2028 (%)
Data Table on General lighting - Year-over-year growth 2023-2028 (%)
6.4 Automotive lighting - Market size and forecast 2023-2028
Chart on Automotive lighting - Market size and forecast 2023-2028 ($ million)
Data Table on Automotive lighting - Market size and forecast 2023-2028 ($ million)
Chart on Automotive lighting - Year-over-year growth 2023-2028 (%)
Data Table on Automotive lighting - Year-over-year growth 2023-2028 (%)
6.5 Backlighting - Market size and forecast 2023-2028
Chart on Backlighting - Market size and forecast 2023-2028 ($ million)
Data Table on Backlighting - Market size and forecast 2023-2028 ($ million)
Chart on Backlighting - Year-over-year growth 2023-2028 (%)
Data Table on Backlighting - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.4 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.5 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.8 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.9 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.10 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.11 South Korea - Market size and forecast 2023-2028
Chart on South Korea - Market size and forecast 2023-2028 ($ million)
Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
Chart on South Korea - Year-over-year growth 2023-2028 (%)
Data Table on South Korea - Year-over-year growth 2023-2028 (%)
8.12 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ million)
Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Bridgelux Inc.
Bridgelux Inc. - Overview
Bridgelux Inc. - Product / Service
Bridgelux Inc. - Key news
Bridgelux Inc. - Key offerings
11.4 Citizen Watch Co. Ltd.
Citizen Watch Co. Ltd. - Overview
Citizen Watch Co. Ltd. - Business segments
Citizen Watch Co. Ltd. - Key offerings
Citizen Watch Co. Ltd. - Segment focus
11.5 Everlight Electronics Co. Ltd.
Everlight Electronics Co. Ltd. - Overview
Everlight Electronics Co. Ltd. - Product / Service
Everlight Electronics Co. Ltd. - Key offerings
11.6 Excelitas Technologies Corp.
Excelitas Technologies Corp. - Overview
Excelitas Technologies Corp. - Product / Service
Excelitas Technologies Corp. - Key offerings
11.7 Hongli Zhihui Group Co. Ltd.
Hongli Zhihui Group Co. Ltd. - Overview
Hongli Zhihui Group Co. Ltd. - Product / Service
Hongli Zhihui Group Co. Ltd. - Key offerings
11.8 LG Innotek Co. Ltd.
LG Innotek Co. Ltd. - Overview
LG Innotek Co. Ltd. - Business segments
LG Innotek Co. Ltd. - Key offerings
LG Innotek Co. Ltd. - Segment focus
11.9 Lumens Co. Ltd.
Lumens Co. Ltd. - Overview
Lumens Co. Ltd. - Business segments
Lumens Co. Ltd. - Key offerings
Lumens Co. Ltd. - Segment focus
11.10 Luminus Inc.
Luminus Inc. - Overview
Luminus Inc. - Product / Service
Luminus Inc. - Key offerings
11.11 Nichia Corp.
Nichia Corp. - Overview
Nichia Corp. - Product / Service
Nichia Corp. - Key news
Nichia Corp. - Key offerings
11.12 SMART Global Holdings Inc.
SMART Global Holdings Inc. - Overview
SMART Global Holdings Inc. - Business segments
SMART Global Holdings Inc. - Key offerings
SMART Global Holdings Inc. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits6: Executive Summary - Chart on Incremental Growth
Exhibits7: Executive Summary - Data Table on Incremental Growth
Exhibits8: Executive Summary - Chart on Company Market Positioning
Exhibits9: Parent Market
Exhibits10: Data Table on - Parent Market
Exhibits11: Market characteristics analysis
Exhibits12: Value Chain Analysis
Exhibits13: Offerings of companies included in the market definition
Exhibits14: Market segments
Exhibits15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits19: Historic Market Size - Data Table on Global Chip-On-Board (COB) LED Market 2018 - 2022 ($ million)
Exhibits20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits23: Five forces analysis - Comparison between 2023 and 2028
Exhibits24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits29: Chart on Market condition - Five forces 2023 and 2028
Exhibits30: Chart on End-user - Market share 2023-2028 (%)
Exhibits31: Data Table on End-user - Market share 2023-2028 (%)
Exhibits32: Chart on Comparison by End-user
Exhibits33: Data Table on Comparison by End-user
Exhibits34: Chart on General lighting - Market size and forecast 2023-2028 ($ million)
Exhibits35: Data Table on General lighting - Market size and forecast 2023-2028 ($ million)
Exhibits36: Chart on General lighting - Year-over-year growth 2023-2028 (%)
Exhibits37: Data Table on General lighting - Year-over-year growth 2023-2028 (%)
Exhibits38: Chart on Automotive lighting - Market size and forecast 2023-2028 ($ million)
Exhibits39: Data Table on Automotive lighting - Market size and forecast 2023-2028 ($ million)
Exhibits40: Chart on Automotive lighting - Year-over-year growth 2023-2028 (%)
Exhibits41: Data Table on Automotive lighting - Year-over-year growth 2023-2028 (%)
Exhibits42: Chart on Backlighting - Market size and forecast 2023-2028 ($ million)
Exhibits43: Data Table on Backlighting - Market size and forecast 2023-2028 ($ million)
Exhibits44: Chart on Backlighting - Year-over-year growth 2023-2028 (%)
Exhibits45: Data Table on Backlighting - Year-over-year growth 2023-2028 (%)
Exhibits46: Market opportunity by End-user ($ million)
Exhibits47: Data Table on Market opportunity by End-user ($ million)
Exhibits48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits49: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits50: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits51: Chart on Geographic comparison
Exhibits52: Data Table on Geographic comparison
Exhibits53: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits54: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits55: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits56: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits57: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits58: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits59: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits62: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits63: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits65: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits66: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits67: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits68: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits69: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits70: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits71: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits72: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits73: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits74: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits75: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits76: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits77: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits78: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits79: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits80: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits81: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits82: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits83: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits84: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits85: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
Exhibits86: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
Exhibits87: Chart on South Korea - Year-over-year growth 2023-2028 (%)
Exhibits88: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
Exhibits89: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits90: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits91: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits92: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits93: Market opportunity By Geographical Landscape ($ million)
Exhibits94: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits95: Impact of drivers and challenges in 2023 and 2028
Exhibits96: Overview on criticality of inputs and factors of differentiation
Exhibits97: Overview on factors of disruption
Exhibits98: Impact of key risks on business
Exhibits99: Companies covered
Exhibits100: Matrix on companies position and classification
Exhibits101: Bridgelux Inc. - Overview
Exhibits102: Bridgelux Inc. - Product / Service
Exhibits103: Bridgelux Inc. - Key news
Exhibits104: Bridgelux Inc. - Key offerings
Exhibits105: Citizen Watch Co. Ltd. - Overview
Exhibits106: Citizen Watch Co. Ltd. - Business segments
Exhibits107: Citizen Watch Co. Ltd. - Key offerings
Exhibits108: Citizen Watch Co. Ltd. - Segment focus
Exhibits109: Everlight Electronics Co. Ltd. - Overview
Exhibits110: Everlight Electronics Co. Ltd. - Product / Service
Exhibits111: Everlight Electronics Co. Ltd. - Key offerings
Exhibits112: Excelitas Technologies Corp. - Overview
Exhibits113: Excelitas Technologies Corp. - Product / Service
Exhibits114: Excelitas Technologies Corp. - Key offerings
Exhibits115: Hongli Zhihui Group Co. Ltd. - Overview
Exhibits116: Hongli Zhihui Group Co. Ltd. - Product / Service
Exhibits117: Hongli Zhihui Group Co. Ltd. - Key offerings
Exhibits118: LG Innotek Co. Ltd. - Overview
Exhibits119: LG Innotek Co. Ltd. - Business segments
Exhibits120: LG Innotek Co. Ltd. - Key offerings
Exhibits121: LG Innotek Co. Ltd. - Segment focus
Exhibits122: Lumens Co. Ltd. - Overview
Exhibits123: Lumens Co. Ltd. - Business segments
Exhibits124: Lumens Co. Ltd. - Key offerings
Exhibits125: Lumens Co. Ltd. - Segment focus
Exhibits126: Luminus Inc. - Overview
Exhibits127: Luminus Inc. - Product / Service
Exhibits128: Luminus Inc. - Key offerings
Exhibits129: Nichia Corp. - Overview
Exhibits130: Nichia Corp. - Product / Service
Exhibits131: Nichia Corp. - Key news
Exhibits132: Nichia Corp. - Key offerings
Exhibits133: SMART Global Holdings Inc. - Overview
Exhibits134: SMART Global Holdings Inc. - Business segments
Exhibits135: SMART Global Holdings Inc. - Key offerings
Exhibits136: SMART Global Holdings Inc. - Segment focus
Exhibits137: Inclusions checklist
Exhibits138: Exclusions checklist
Exhibits139: Currency conversion rates for US$
Exhibits140: Research methodology
Exhibits141: Information sources
Exhibits142: Data validation
Exhibits143: Validation techniques employed for market sizing
Exhibits144: Data synthesis
Exhibits145: 360 degree market analysis
Exhibits146: List of abbreviations

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