Global Chip-on-board LED Market: by Material (MCPCB, Ceramic), by Application (General Lighting, Backlighting, Automotive Lighting) - Forecast to 2032
Overview
Chip-on-board LED Market size was US$ 3572.99 Mn in 2025 and is expected to reach US$9562.22 Mn by 2032, at a CAGR of 15.1% during the forecast period.
Global Chip-on-board LED Market Definition
Chip-on-board LED (COB LED) is the most advanced and latest technology for LED packaging. COB LED is basically referred to the mounting of multiples LED chips directly in contact with a substrate, such as sapphire or silicon carbide (SiC) substrate, to form a single module.
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Chip-on-board LED Market Dynamics
COB LEDs are a more advanced and newer entrant to the LED market today and they have several prominent advantages over older LED technologies. A growing market for consumer electronics and semiconductor manufacturing industries across the region is driving the growth of the market. Growing advancements in LED technology, the rising popularity of miniaturization of devices, increased market for the electronic packaging industry, a surge in the adoption of COB LED technology in various lighting segment and increasing demand for energy efficient lighting system by various industries are expected to improve growth of the market during the forecast period. COB LED provides some benefits such as compactness and small size design, long lifespan, high intensity, easy circuit design and superior thermal performance, which are ultimately propelling the growth of the market.
However, despite several benefits, there are some downsides of COB LED technology such as the availability of a limited variety of colours in LED, which could hamper the growth of the market.
Chip-on-board LED Market Segment Analysis
By application, the global COB LED market is segmented into general lighting, backlighting, and automotive lighting. Growing adoption of COB LEDs for applications such as residential, commercial, and industrial outdoor and indoor lighting applications across the globe is attributed to the growth of the market. COB LEDs are widely used for outdoor large area lighting applications such as street lighting, parking lighting, and others. Increasing shift towards LED lighting technology over incandescent and fluorescent lighting technology, ever-increasing infrastructural development and modernization of industries across the world and growing demand of IoT based smart lighting technologies and introduction of Wi-Fi control based lighting solutions for various residential, industrial and commercial applications is further impelling the growth of the market.
Moreover, increasing the adoption of floodlighting and area lighting systems for applications such as industrial warehouses and outer premises is expected to improve the growth of the market during the forecast period.
Regional Analysis
Region wise, Asia Pacific held the largest market share in 2025 and is expected to maintain its dominance at a CAGR of xx% during the forecast period. The economies such as China, Japan, India, and South Korea are major key contributors behind the growth of the market. The growth is attributed to the massive presence of various leading chip onboard LED manufacturing companies across the region.
The growing market for consumer electronics and semiconductor manufacturing industry, increasing adoption of LED lighting technology, and rising government initiatives to save energy and to improve domestic production capabilities is driving the growth of the market in the region.
Chip-on-board LED Market Key Development
| Date | Company | Development | Impact |
|---|---|---|---|
| 03 February 2026 | Cree LED | The company unveiled OptiLamp™ LEDs, a display technology integrating driver and control intelligence directly into every pixel. | This eliminates external driver ICs, enabling thinner, more reliable COB-based displays with reduced power consumption and lower manufacturing complexity. |
| 14 January 2026 | Nichia Corporation | Nichia launched its "Mercury-Free Project" to replace all internal production line mercury lamps with high-power UV LED technology by 2030. | The project accelerates the commercialization of high-irradiance UV LEDs, resulting in a 35% reduction in CO2 emissions compared to conventional lamps. |
| 09 December 2025 | Bridgelux | Bridgelux expanded its high-power outdoor lighting portfolio with new high-efficacy LED platforms designed for professional luminaires. | The new platforms deliver class-leading efficacy of 200–230 lm/W, significantly improving the performance of COB-based street and area lighting. |
| 22 November 2025 | Bridgelux | The company announced the immediate volume production of its Generation 2 F90 COB Series featuring enhanced color stability. | The series achieves CRI 90 efficacy levels that match CRI 80 products, offering typical efficacies of 185–200 lm/W with minimal color shift across operating temperatures. |
| 01 August 2025 | Lumileds / San’an / Inari | San’an Optoelectronics and Inari Berhad reached an agreement to acquire 100% of Lumileds Holding B.V. shares. | This acquisition consolidates global LED chip production and COB manufacturing capabilities, strengthening San'an's market position in high-power illumination. |
| 11 June 2025 | Samsung Electronics | Samsung announced strategic partnerships with Cisco and Logitech to integrate The Wall (COB-based MicroLED) into advanced corporate collaboration spaces. | The partnership drives the adoption of high-density COB display modules in the B2B sector, optimized for multi-stream 5K and 8K video conferencing environments. |
Chip-on-board LED Market Scope:Inquire before buying
| Chip-on-board LED Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2025 | Forecast Period: | 2026-2032 |
| Historical Data: | 2020 to 2025 | Market Size in 2025: | 3572.99 USD Mn |
| Forecast Period 2026-2032 CAGR: | 15.1% | Market Size in 2032: | 9562.22 USD Mn |
| Segments Covered: | by Material | MCPCB Ceramic |
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| by Application | General Lighting Backlighting Automotive Lighting |
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| By Packaging / Chip Type | Single Chip COB Multi‑Chip COB Flexible Substrate COB Copper Substrate COB Aluminum Substrate COB |
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| By Power / Wattage | Low Power Mid Power High Power |
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Chip-on-board LED Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Player / Competitors Profile Covered in Chip-on-board LED Market Report in Strategic Perspective
1. Osram Opto Semiconductors GmbH
2. Citizen Electronics Co. Ltd
3. Cree Inc
4. Seoul Semiconductor Co. Ltd
5. GE Lighting
6. Samsung Electronics Co. Ltd
7. Everlight Electronics Co. Ltd
8. LG Innotek Co. Ltd
9. Prophotonix
10.Mouser Electronics
11.Havells India Limited
12.Bridgelux Inc
13.Cooper Lighting
14.Philips Lumileds Lighting Co
15.Optoga AB
16.Lumens Co., Ltd
17.Leiso Lighting Tech. Ltd