Global COB LED
Market Report
2024
COB LED market size is USD 2142.2million in 2024 and will expand at a compound annual growth rate (CAGR) of 18.90% from 2024 to 2031
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global COB LED market size is USD 2142.2million in 2024 and will expand at a compound annual growth rate (CAGR) of 18.90% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global COB LED Market Sales Revenue 2024 | $ 2142.2 Million |
Global COB LED Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 18.9% |
North America COB LED Market Sales Revenue 2024 | $ 856.88 Million |
North America COB LED Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 17.1% |
Europe COB LED Market Sales Revenue 2024 | $ 642.66 Million |
Europe COB LED Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 17.4% |
Asia Pacific COB LED Market Sales Revenue 2024 | $ 492.71 Million |
Asia Pacific COB LED Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 20.9% |
South America COB LED Market Sales Revenue 2024 | $ 107.11 Million |
South America COB LED Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 18.3% |
Middle East and Africa COB LED Market Sales Revenue 2024 | $ 42.84 Million |
Middle East and Africa COB LED Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 18.6% |
Market Split by Type |
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Market Split by Application |
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Market Split by End User |
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Market Split by Material |
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Market Split by Sales Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of COB LED industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
COB LED Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The industry encompassing the manufacture, sale, and use of COB LED lighting solutions is the COB LED (Chip on Board Light Emitting Diode) market. Multiple LED chips are bundled together on a single substrate to create COB LEDs with better light output, thermal control, and color constancy. They are used in many industries, such as healthcare, commercial, industrial, residential, and automotive. The growing need for energy-efficient lighting, developments in LED technology, and sustainability-focused programs have all contributed to the market's notable expansion. Makers of LED lighting fixtures, technology suppliers, and lighting fixture makers are major players in the market. Constant innovation drives additional market expansion by broadening the scope and adaptability of COB LED lighting solutions.
Energy-efficient lighting is increasingly in demand, and COB LEDs (Chip on Board Light Emitting Diodes) are becoming a better choice. COB LEDs are becoming increasingly popular in various industries due to their improved energy efficiency compared to regular LEDs and incandescent bulbs. Because of their sophisticated design, they have more luminous efficacy at lower energy consumption and running cost. Because of their unmatched energy efficiency and long-term cost advantages, COB LEDs are becoming increasingly popular in residential, commercial, and industrial settings. This pattern indicates a rising understanding of the significance of environmentally friendly lighting options in the modern world.
Compared to conventional lighting solutions, COB LEDs (Chip on Board Light Emitting Diodes) offer higher light output and quality. They reduce glare and offer brighter, more consistent illumination thanks to their greater lumens per unit area. Because of this, COB LEDs are perfect for applications like retail displays, art galleries, and medical facilities that require high light intensity and consistent color rendering. Because of its sophisticated design, light distribution can be precisely controlled, guaranteeing uniform coverage on all surfaces. COB LEDs are in high demand for both residential and commercial applications because of their remarkable brightness and light quality, improving visibility and ambiance in various settings.
COB LEDs are superior in quality and light output; however, heat management is a problem. Because of their small design, they produce more heat, which calls for efficient heat dissipation systems. Although it increases installation and maintenance complexity and costs, proper heat management is essential for preserving longevity and performance. Over time, COB LEDs may face a shorter lifespan and lower performance with insufficient heat dissipation. Therefore, to maximize the functionality and longevity of COB LED lighting systems, manufacturers and users must invest in cutting-edge cooling technologies and thermal management strategies. Achieving a balance between heat management and efficiency is still crucial for maximizing the potential of COB LEDs in various applications.
The effects of COVID-19 on the COB LED market were not entirely positive. The initial decline in demand for lighting products, including COB LEDs, was caused by disruptions in supply chains and a reduction in consumer expenditure. However, there was a greater emphasis on energy-efficient lighting solutions as remote work and at-home activities expanded, leading to modest residential sector development. The epidemic also brought attention to the significance of health and safety, which increased demand for UV-C COB LEDs for disinfection in commercial and medical environments. Despite difficulties brought on by unstable economies and interrupted supply chains, the COB LED market has a promising future because of continuous efforts to improve sustainability and the development of lighting technologies.
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Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.
In October 2022, Cree expanded the XLamp LED Family with 183 new flux bins. By providing more lumens for the construction of the brightest luminaires, the launch seeks to bring the highest quality and technology.
(Source: https://www.cree-led.com/news/brighter/
Top Companies Market Share in COB LED Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The COB LED market in North America is expanding due to growing demand from the residential, commercial, and industrial sectors, stricter legislation encouraging sustainability, and the growing adoption of energy-efficient lighting solutions. The region's market is growing due to advancements in COB LED technology and growing applications, which indicate a trend toward more sophisticated and environmentally friendly lighting options.
The Europe region is witnessing an increase in the sales of reagents. The market for COB LEDs is expanding rapidly in Europe because of the growing need for energy-efficient lighting options, government programs encouraging sustainability, and stringent energy-related laws. The region's focus on increasing technology adoption and cutting carbon emissions propels market expansion. Growing commercial, industrial, and residential applications support Europe's growing COB LED market.
The current report Scope analyzes COB LED Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global COB LED market size was estimated at USD 2142.2Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 856.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2031. The market for COB LEDs is steadily expanding in North America due to a number of factors, including the growing need for energy-efficient lighting options, strict laws encouraging sustainability, and developments in LED technology. This market includes the residential sector, where COB LED lighting is becoming more and more popular among homeowners because to its excellent energy efficiency, extended lifespan, and high-quality illumination. COB LED demand is increasing as customers become more aware of the impact they have on the environment and the cost of energy. In general, the COB LED market in North America indicates a trend toward cutting-edge and environmentally friendly lighting options, with the residential sector being a major factor in the growth of the industry.
According to Cognitive Market Research, with a market value of USD 2142.2million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 642.66 million. The European COB LED market is expanding rapidly, driven by the growing focus on energy efficiency, strict policies encouraging eco-friendly lighting options, and developments in LED technology. A noteworthy subset of this market is the commercial sector, where companies are using COB LED lighting due to its higher lighting quality, extended lifespan, and energy-saving advantages. The market for COB LEDs in commercial applications is still growing as businesses value sustainability and look for ways to cut expenses. Overall, the European COB LED market shows a strong dedication to technological innovation and environmental responsibility, with the commercial sector spearheading a sizable portion of the industry increase.
According to Cognitive Market Research, the global COB LED market size was estimated at USD 2142.2Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 492.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.9% from 2024 to 2031. The COB LED market is expanding quickly in the Asia Pacific area due to reasons such government energy efficiency programs, industrialization, and urbanization. The automobile industry is a significant market segment where COB LEDs are being utilized more and more for headlights, interior lighting, and other applications because of its higher illumination, energy efficiency, and durability. The market for COB LEDs is increasing as regional automakers look to improve vehicle appearances and comply with regulations. Overall, the COB LED market in Asia Pacific shows an increasing tendency toward sophisticated lighting solutions, with the automotive industry being a major factor in the market's growth.
According to Cognitive Market Research, the global COB LED market size was estimated at USD 2142.2Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 107.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.3% from 2024 to 2031. The market for COB LEDs is expanding rapidly in Latin America because to factors like improving infrastructure, increased urbanization, and a growing emphasis on energy saving. A noteworthy subset of this market is the commercial sector, where companies are adopting COB LED lighting due to its extended lifespan, energy-saving qualities, and superior illumination. The demand for COB LEDs in commercial applications is rising throughout the region as businesses look to cut expenses and adhere to environmental standards. All things considered, the COB LED market in Latin America is a reflection of people's increasing awareness of the advantages of energy-efficient lighting solutions, with the commercial sector being the main driver of market expansion and adoption.
According to Cognitive Market Research, the global COB LED market size was estimated at USD 2142.2Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 42.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.6% from 2024 to 2031. The COB LED market is expanding significantly in the Middle East and Africa (MEA) because to rising urbanization, infrastructural development, and government programs supporting energy efficiency. The industrial sector is one important market segment where COB LEDs are being embraced more and more due to their high-performance lighting solutions, energy efficiency, and durability. The demand for COB LEDs in industrial applications keeps growing as businesses in the region strive to increase productivity while consuming less energy. All things considered, the MEA COB LED market is indicative of a growing trend toward sophisticated lighting technologies, with the industrial sector being a major force behind market adoption and advancement.
Global COB LED Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing COB LED Industry growth. COB LED market has been segmented with the help of its Type, Application End User, and others. COB LED market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Organic Light Emitting Diode held the major market share over the forecast period. The market for organic light-emitting diodes (OLEDs), which provide cutting-edge lighting solutions with exceptional performance and efficiency, is helping the COB LED industry expand. OLEDs are becoming increasingly popular in various industries because of the growing need for eco-friendly and energy-efficient lighting solutions. Because of its adaptable design and superb color reproduction, COB LEDs are perfect for various applications, driving the market's growth.
Inorganic Light Emitting Diode is the fastest-growing category over the forecast period. The COB LED industry is expanding due to the Inorganic Light Emitting Diode (ILED) market's robust and efficient lighting solutions. LEDs provide dependable, long-lasting illumination for various applications, catering to the growing demand for energy-efficient lighting. Because of their strong design and adaptability, they are a popular option for helping the COB LED market grow across various international industries.
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According to Cognitive Market Research, LED displays hold a prominent market share. The COB LED market is expanding because of LED display technology, which takes advantage of COB LEDs' small size and excellent efficiency to create vivid and dynamic visual solutions. The COB LED market is growing due to the increased need for large-scale advertising, entertainment, and digital signage displays. The better brightness, color accuracy, and energy economy of COB LEDs drive their adoption.
Traffic Light is the fastest-growing category over the forecast period. The COB LED market is growing due to traffic light systems, which take advantage of COB LEDs' dependability and energy economy to increase road safety and visibility. Demand for robust and efficient lighting systems is rising due to urbanization and traffic jams. COB LEDs are becoming increasingly popular in this industry because of their improved brightness and durability, making them perfect for traffic signal applications.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the COB LED market report 2024 Edition by contacting our team.
According to Cognitive Market Research, Automotive held the major market share over the forecast period. A major factor contributing to the COB LED market's growth is the rising demand from consumers for high-quality, energy-efficient lighting options in residential spaces. Regarding indoor and outdoor lighting fixtures, COB LEDs are the best choice for various residential applications since they are brighter, more color-rendering, and more durable than traditional lighting solutions. Their popularity is further fueled by the increased emphasis on cost-cutting and sustainability.
Residential is the fastest-growing category over the forecast period. The market for COB LEDs is expanding because of Metal Core Printed Circuit Boards (MCPCBs), which offer a stable mounting surface for COB LEDs. These specialist PCBs provide effective heat dissipation, guaranteeing the COB LED modules' best performance and lifetime. As the high-power LED lighting solutions market grows, MCPCBs are essential for improving thermal management and propelling COB LED adoption in various industries.
According to Cognitive Market Research, MCPCB held the major market share over the forecast period. Because Metal Core Printed Circuit Boards (MCPCBs) effectively dissipate heat from COB LED chips, they play a key role in the growth of the COB LED industry. This keeps COB LED modules operating at peak efficiency and increases their lifespan. The increasing need for LED lighting solutions with high power and brightness in various industries is made possible by MCPCBs, which are essential for the uptake and expansion of COB LEDs.
Ceramics is the fastest-growing category over the forecast period. The market for COB LEDs is expanding due to ceramic substrates' superior thermal conductivity and dependability. By effectively dispersing heat, these substrates extend the life and performance of COB LED chips. Because there is a growing need for high-power and high-brightness LED lighting solutions in various industries, ceramic substrates are essential for COB LED acceptance and proliferation, which drives market expansion.
According to Cognitive Market Research, Electric Stores held the major market share over the forecast period. By providing customers with a large selection of COB LED items, electric stores are helping the COB LED market to expand. Electric stores are important distribution channels for COB LED lighting products, fixtures, and other lighting solutions as consumers become more conscious of energy conservation and the advantages of LED lighting. Their accessibility and availability encourage consumer acceptance, which drives market growth in the electric retail industry.
Online is the fastest-growing category over the forecast period. Because they offer easy access to a wide variety of COB LED products, online platforms are contributing to the growth of the COB LED market. Because online shopping is becoming increasingly popular, customers can search, compare, and buy COB LED bulbs, fixtures, and related products. Globally, COB LEDs are becoming more widely known and used thanks in large part to online platforms.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Disclaimer:
Type | Organic Light Emitting Diode, Inorganic Light Emitting Diode |
Application | LED Display, Traffic Light, Car Lights, Indoor Lighting, Outdoor Lighting, Consumer Electronics, Specialty Lighting, Horticulture |
End User | Automotive, Residential, Commercial, Industrial, Infrastructure, Agriculture |
Material | MCPCB, Ceramic |
Sales Channel | Electric Stores, Online, Supermarket, Hypermarket, Others |
List of Competitors | Boston Electronics Corp., Bridgelux Inc., Citizen Watch Co. Ltd., Hongli Zhihui Group Co Ltd, Everlight Electronics Co. Ltd., Excelitas Technologies Corp., Lextar Electronics Corp., LG Innotek, Lumens Co. Ltd., Luminus Inc., Mouser Electronics Inc., Neumuller Elektronik GmbH, Nichia Corp., PerkinElmer Inc., Power Palazzo Pvt Ltd., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc. , Silicon Lightworks LLC |
This chapter will help you gain GLOBAL Market Analysis of COB LED. Further deep in this chapter, you will be able to review Global COB LED Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America COB LED Market Trends North America COB LED Technological Road Map North America COB LED Market Drivers North America COB LED Market Restraints North America COB LED Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
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Chapter 13 Market Split by Material Analysis 2019 -2031
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Chapter 14 Market Split by Sales Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global COB LED market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Organic Light Emitting Diode have a significant impact on COB LED market? |
What are the key factors affecting the Organic Light Emitting Diode and Inorganic Light Emitting Diode of COB LED Market? |
What is the CAGR/Growth Rate of LED Display during the forecast period? |
By type, which segment accounted for largest share of the global COB LED Market? |
Which region is expected to dominate the global COB LED Market within the forecast period? |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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