Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market Growth 2023-2029

Global Chip-on-Board Light Emitting Diodes (COB LEDs) Market Growth 2023-2029

Chip on board (COB) Light Emitting Diode (LED) is the latest technology of packaging multi LED into one lighting module. Chip diodes of LED are bonded into the PCB by the manufacturers, making thermal conductivity move towards the circuit board resulting in lower heat emission. LED light source is preferred over traditional lighting due to its longer life span and brightness. But normal LED may cause uncomfortable glare which is further rectified in COB LED. Furthermore chip on board LED lights provide higher intensity along with homogenous luminosity helping in the rise in demand for chip on board LED lights globally. In addition to this advancement in design through innovation along with cost savings by large scale manufacture of COB LED lights further enhances the demand for chip on board LED lights. Application wise global chip on board LED market can be segmented into automotive, illumination and backlighting among others.

Relatively new to the LED market, chip on board (COB) LEDs offer many advantages over the standard options. COB LEDs are basically multiple LED chips (typically nine or more) bonded directly to a substrate by the manufacturer to form a single module. Since the individual LEDs used in a COB are chips and not traditionally packaged, the chips can be mounted such that they take up less space and the highest potential of the LED chips can be obtained. When the COB LED package is energized, it appears more like a lighting panel than multiple individual lights as would be the case when using several SMD LEDs mounted closely together.

LPI (LP Information)' newest research report, the “Chip-on-Board Light Emitting Diodes (COB LEDs) Industry Forecast” looks at past sales and reviews total world Chip-on-Board Light Emitting Diodes (COB LEDs) sales in 2022, providing a comprehensive analysis by region and market sector of projected Chip-on-Board Light Emitting Diodes (COB LEDs) sales for 2023 through 2029. With Chip-on-Board Light Emitting Diodes (COB LEDs) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Chip-on-Board Light Emitting Diodes (COB LEDs) industry.

This Insight Report provides a comprehensive analysis of the global Chip-on-Board Light Emitting Diodes (COB LEDs) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Chip-on-Board Light Emitting Diodes (COB LEDs) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Chip-on-Board Light Emitting Diodes (COB LEDs) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Chip-on-Board Light Emitting Diodes (COB LEDs) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Chip-on-Board Light Emitting Diodes (COB LEDs).

The global Chip-on-Board Light Emitting Diodes (COB LEDs) market size is projected to grow from US$ 9052.2 million in 2022 to US$ 46240 million in 2029; it is expected to grow at a CAGR of 46240 from 2023 to 2029.

High demand for COB LED owing to increased adoption by several lighting application segments to gain benefit over technologies such as CFL and incandescent lighting is also expected to positively impact the global market over the next six years. Furthermore, advancements in design and cost saving through economies of scale are expected to provide significant growth opportunity for the market over the forecast period. However, the complex manufacturing process and high price coupled with fluctuating global economic conditions may be a challenge for industry participants.

This report presents a comprehensive overview, market shares, and growth opportunities of Chip-on-Board Light Emitting Diodes (COB LEDs) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Organized Structure
Unorganized Structure

Segmentation by application
Automotive
Illumination

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cree Inc.
Lumileds
Osram Opto Semiconductors GmbH
Samsung Electronics Co. Ltd.
LG Innotek Co. Ltd.
Citizen Electronics Co. Ltd.
Nichia Corporation
Seoul Semiconductor Co. Ltd.
Everlight Electronics Co. Ltd.
Lumens Co. Ltd
Cooper Lighting
PerkinElmer
Sharp Electronics
Lextar Electronics Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Chip-on-Board Light Emitting Diodes (COB LEDs) market?

What factors are driving Chip-on-Board Light Emitting Diodes (COB LEDs) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Chip-on-Board Light Emitting Diodes (COB LEDs) market opportunities vary by end market size?

How does Chip-on-Board Light Emitting Diodes (COB LEDs) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.