Chip On Board Led Market By Size, Growth, Trends and Forecast 2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 2.25 billion
Market Size (2029)	USD 4.07 Billion
CAGR (2024-2029)	10.24%
Fastest Growing Segment	Automotive Lighting
Largest Market	Asia Pacific

Market Overview

Global Chip On Board Led market has experienced tremendous growth in recent years and is poised to maintain strong momentum through 2029. The market was valued at USD 2.25 billion in 2023 and is projected to register a compound annual growth rate of 10.24% during the forecast period. The global Chip On Board (COB) LED market has seen substantial growth recently, fueled by rising demand for energy-efficient lighting solutions across industries like automotive, electronics, and residential sectors. COB LEDs offer advantages over traditional lighting technologies, including higher efficiency, longer lifespan, and better thermal management, making them appealing for lighting applications.

A key driver for COB LED market growth is increasing awareness about energy conservation and sustainability. Governments worldwide are enacting regulations to reduce carbon emissions and encourage the adoption of energy-efficient lighting solutions. Consequently, there's a growing trend to replace traditional incandescent and fluorescent lights with COB LEDs, boosting market growth.

Technological advancements in COB LED manufacturing processes have improved performance, efficiency, and cost-effectiveness. Manufacturers are investing in R&D to develop innovative COB LED products with enhanced features like higher brightness levels, better color rendering, and improved reliability, further driving market growth.

The automotive industry is a significant end-user of COB LEDs, especially in automotive lighting applications. Demand for COB LEDs in headlights, taillights, and interior lighting systems is rising due to their compact size, high brightness, and energy efficiency. Additionally, the increasing popularity of electric vehicles (EVs) and autonomous driving technologies is expected to boost demand for COB LEDs in automotive lighting systems.

Rapid urbanization and infrastructure development in emerging economies present lucrative opportunities for market players in the COB LED industry. Governments are investing in smart city projects and infrastructure upgrades, driving demand for energy-efficient lighting solutions like COB LEDs.

The global COB LED market is forecasted to experience robust growth. Factors such as the increasing adoption of LED lighting across industries, technological advancements, and supportive government initiatives are expected to fuel market expansion. However, challenges such as price competition and the availability of alternative lighting technologies may impede growth to some extent.

The global Chip On Board LED market is poised for significant expansion in the forecast period, driven by increasing demand from various industries and ongoing technological advancements. Market players should focus on product innovation, strategic partnerships, and geographic expansion to capitalize on the growing opportunities in the COB LED market.

Key Market Driver

Technological Advancements Driving Market Expansion

In the ever-evolving landscape of lighting solutions, technological advancements stand out as a primary driver propelling the sustained growth of the Chip On Board Light Emitting Diode (LED) market. The relentless pursuit of innovation in semiconductor technologies has led to the development of compact, energy-efficient, and high-performance Chip On Board LED products. These cutting-edge solutions offer enhanced brightness, improved color rendering, and greater design flexibility compared to traditional LED counterparts. Manufacturers are investing significantly in research and development to stay at the forefront of technological breakthroughs, ensuring that their Chip On Board LED offerings align with the growing demands of various industries.

In an era where businesses are increasingly reliant on efficient and sustainable lighting solutions, continuous innovation and product development emerge as crucial factors driving the Chip On Board LED market. Manufacturers are investing in research and development to introduce advanced features such as smart lighting capabilities, color tunability, and improved thermal management. These innovations not only cater to the evolving needs of end-users but also position Chip On Board LEDs as versatile solutions across diverse applications. The ability to integrate seamlessly with emerging technologies, such as Internet of Things (IoT) and connected lighting systems, further amplifies the market's appeal, driving widespread adoption.

Energy Efficiency as a Key Value Proposition

As the global emphasis on sustainability and energy conservation intensifies, the Chip On Board LED market gains significant traction, driven by its inherent energy-efficient characteristics. Organizations across various sectors are increasingly transitioning to Chip On Board LED lighting systems to reduce energy consumption and lower operational costs. These solutions offer a higher level of luminous efficiency, translating to greater light output per watt of electrical power consumed. This energy efficiency not only aligns with corporate sustainability goals but also contributes to a substantial reduction in greenhouse gas emissions, making Chip On Board LED technology a preferred choice in the broader context of environmental responsibility.

In an era where sustainability is a critical component of corporate agendas, the energy efficiency of Chip On Board LEDs aligns seamlessly with the overarching goals of organizations committed to environmentally responsible practices. These LEDs not only contribute to energy savings but also have a longer lifespan, reducing the frequency of replacements and, consequently, electronic waste. As businesses prioritize sustainability and integrate environmental considerations into their operations, the energy efficiency of Chip On Board LEDs positions them as integral components of sustainable lighting solutions that resonate with the ethos of Corporate Social Responsibility (CSR).

Cost-Effectiveness and Long-Term Economic Benefits

Cost-effectiveness stands out as a compelling driver fueling the widespread adoption of Chip On Board LED technology in diverse industries. While the initial investment may be higher compared to traditional lighting solutions, the long-term economic benefits significantly outweigh the upfront costs. Chip On Board LEDs exhibit an extended operational lifespan, resulting in reduced maintenance and replacement expenses. The lower energy consumption further contributes to long-term cost savings, making these LEDs financially prudent choices for businesses seeking both performance and economic viability in their lighting solutions.

From a Total Cost of Ownership (TCO) perspective, Chip On Board LEDs present a compelling case for businesses aiming to optimize their operational expenditures. The initial investment, which may appear higher than traditional lighting options, is offset by the extended lifespan and lower energy consumption. This not only reduces ongoing maintenance costs but also enhances the overall economic feasibility of Chip On Board LED installations. Organizations recognize the value of the long-term cost-effectiveness associated with these LEDs, making them strategic investments in the pursuit of operational efficiency and financial prudence.

The Chip On Board LED market is thriving on the pillars of technological innovation, energy efficiency, and long-term cost-effectiveness. The continuous evolution of LED technologies, coupled with a growing awareness of environmental sustainability, positions Chip On Board LEDs as indispensable components of modern lighting solutions across diverse business landscapes. As industries seek lighting solutions that align with their operational needs, corporate sustainability goals, and economic considerations, the Chip On Board LED market is poised for sustained growth and prominence in the global business arena...

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Key Market Challenges

Thermal Management Challenges in Chip On Board LED Integration

One of the prominent challenges facing the Chip On Board Light Emitting Diode (LED) market revolves around effective thermal management during the integration of these advanced lighting solutions. As the demand for higher brightness and performance intensifies, the associated heat generation becomes a critical consideration. The compact design of Chip On Board LEDs poses challenges in dissipating heat efficiently, leading to potential performance degradation and reduced operational lifespan. Manufacturers are tasked with developing innovative thermal management solutions to address these challenges and ensure optimal performance under varying environmental conditions.

Efficient heat dissipation is paramount for the sustained performance and longevity of Chip On Board LED systems. As these LEDs are densely packed on a single substrate, heat generated during operation needs to be effectively dispersed to prevent overheating. Inadequate thermal management can lead to color shift, reduced brightness, and, in extreme cases, permanent damage to the LED components. Manufacturers are actively exploring materials with superior thermal conductivity, advanced heat sink designs, and innovative cooling mechanisms to mitigate these challenges. The integration of effective thermal management solutions not only enhances the reliability of Chip On Board LEDs but also ensures consistent performance across a range of applications.

Initial Cost Implications and Market Perceptions

Another significant challenge facing the Chip On Board LED market is the perceived high initial cost of adoption, which may act as a barrier to entry for some businesses. While these LEDs offer long-term economic benefits, the upfront investment required for installation and integration can be higher compared to traditional lighting solutions. This cost differential often leads to apprehension among potential adopters, especially in budget-constrained environments. Manufacturers and industry stakeholders need to address this challenge by effectively communicating the long-term value and return on investment associated with Chip On Board LED technology.

Overcoming the challenge of initial costs involves a strategic shift in the cost-benefit paradigm associated with Chip On Board LED installations. While the upfront investment may seem substantial, businesses need to evaluate the Total Cost of Ownership (TCO) over the lifespan of these LEDs. The extended operational life, energy efficiency, and reduced maintenance requirements contribute to significant cost savings in the long run. Manufacturers and suppliers play a pivotal role in educating potential customers about the holistic economic advantages, positioning Chip On Board LEDs not just as a one-time expense but as a long-term investment with tangible financial benefits. Effective marketing and communication strategies are essential to dispel the perception of high initial costs and highlight the enduring value proposition offered by Chip On Board LED solutions.

The Chip On Board LED market faces challenges related to thermal management and initial cost perceptions. Overcoming these hurdles requires a combination of technological innovation, strategic communication, and a holistic understanding of the long-term benefits associated with Chip On Board LED technology. As manufacturers continue to advance thermal management solutions and industry players work towards shifting the cost-benefit narrative, the Chip On Board LED market is poised to address these challenges and maintain its trajectory of growth and innovation in the dynamic landscape of advanced lighting solutions.

Key Market Trends

Evolution of Smart Lighting Solutions with Integration of Chip On Board LED Technology

The Chip On Board Light Emitting Diode (LED) market is witnessing a significant trend in the evolution of smart lighting solutions. As businesses embrace the Internet of Things (IoT) and connectivity advancements, Chip On Board LEDs are becoming integral components of intelligent lighting systems. This trend is characterized by the incorporation of sensors, wireless connectivity, and smart controls, enabling users to manage and customize lighting environments. The seamless integration of Chip On Board LEDs with smart lighting infrastructure enhances energy efficiency, facilitates remote monitoring, and opens avenues for innovative applications in commercial, industrial, and residential settings.

Growing Demand for High-CRI Chip On Board LEDs in Specialized Applications

A discernible trend in the Chip On Board LED market is the escalating demand for high Color Rendering Index (CRI) LEDs, particularly in applications where accurate color representation is paramount. High-CRI Chip On Board LEDs cater to industries such as healthcare, retail, and photography, where color accuracy significantly influences decision-making and aesthetics. This trend reflects a shift towards more specialized lighting solutions, emphasizing the importance of superior color quality in diverse professional settings. Manufacturers are responding to this trend by developing Chip On Board LED products with enhanced color rendering capabilities to meet the specific requirements of these niche applications.

Focus on Sustainable and Eco-Friendly Chip On Board LED Solutions

Sustainability is a prevailing trend in the business landscape, and the Chip On Board LED market is aligning itself with this global movement. Companies and consumers alike are increasingly prioritizing eco-friendly and energy-efficient lighting solutions. In response, the market is witnessing a surge in the development and adoption of sustainable Chip On Board LED products. Manufacturers are integrating environmentally conscious materials, optimizing energy efficiency, and ensuring recyclability in their offerings. This trend not only meets the growing demand for green technologies but also positions Chip On Board LEDs as environmentally responsible choices for businesses seeking to align with sustainable practices.

Segmental Insights

By Type Insights

In 2023, within the segmented types of Chip On Board Light Emitting Diodes (LEDs), the Other LED types category emerged as the dominant force in the market and is anticipated to maintain its supremacy throughout the forecast period. This segment encompasses a diverse range of LED technologies, excluding Organic Light Emitting Diodes (OLED). The dominance of Other LED types is attributed to their widespread adoption across various industry verticals, showcasing versatility and reliability. These LED types, characterized by their efficiency, brightness, and cost-effectiveness, have found extensive applications in areas such as general lighting, automotive lighting, and consumer electronics. The continuous advancements in non-OLED LED technologies, coupled with their ability to address diverse lighting requirements, position the Other LED types as the preferred choice for businesses and consumers alike. As the market moves forward, the dominance of Other LED types is expected to persist, driven by their proven performance, adaptability, and broad applicability across different sectors.

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Regional Insights

In 2023, the Chip On Board Light Emitting Diode (LED) market exhibited a notable regional dominance, with the Asia-Pacific region emerging as the frontrunner. The robust economic growth, particularly in countries like China, Japan, and South Korea, fueled the widespread adoption of Chip On Board LEDs across various industry verticals. Asia-Pacific's dominance in manufacturing, coupled with a high demand for energy-efficient lighting solutions, contributed significantly to the ascendancy of Chip On Board LEDs in the region. Moreover, increasing investments in smart city initiatives, infrastructure development, and the automotive sector further propelled the demand for these advanced lighting technologies. As the Asia-Pacific region continues to be a hub for technological innovation and industrial expansion, it is anticipated to maintain its dominance in the Chip On Board LED market during the forecast period. The region's strategic focus on sustainable practices, coupled with a growing awareness of the benefits offered by Chip On Board LEDs, positions it as a key driver for the market's continued growth and prominence on the global stage.

Recent Developments

In January 2024, Nichia, a globally renowned leader in LED manufacturing and an innovator in high-brightness blue and white LED technology, is launching the NSSM237B—a full-color RGB SMD LED integrated with a lens. This product is strategically positioned to advance environmental sustainability initiatives.

Key Market Players

Samsung Electronics Co., Ltd
Smart Global Holdings, Inc
NICHIA CORPORATION
LG Innotek Co., Ltd
Lumileds Holding B.V
OSRAM GmbH
Everlight Electronics Co., Ltd
Lextar Electronics Corporation
Seoul Semiconductor Co., Ltd
Bridgelux, Inc

By Type	By Application	By End User	By Region
OLED Other LED types	Automotive Lighting Consumer Electronics General Lighting Medical Devices Industrial Lighting	Residential Commercial Industrial Automotive Healthcare	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Chip On Board Led Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Chip On Board Led Market, By Type:

o OLED

o Other LED types

Chip On Board Led Market, By Application:

o Automotive Lighting

o Consumer Electronics

o General Lighting

o Medical Devices

o Industrial Lighting

Chip On Board Led Market, By End User:

o Residential

o Commercial

o Industrial

o Automotive

o Healthcare

Chip On Board Led Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Kuwait

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Chip On Board Led Market.

Available Customizations:

Global Chip On Board Led Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Chip On Board Led Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Types of Research

2.5.1. Secondary Research

2.5.2. Primary Research

2.6. Approach for the Market Study

2.6.1. The Bottom-Up Approach

2.6.2. The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Chip On Board Led Market Overview

6. Global Chip On Board Led Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (OLED, Other LED types)

6.2.2. By Application (Automotive Lighting, Consumer Electronics, General Lighting, Medical Devices, Industrial Lighting)

6.2.3. By End User (Residential, Commercial, Industrial, Automotive, Healthcare)

6.2.4. By Region

6.3. By Company (2023)

6.4. Market Map

7. North America Chip On Board Led Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By End User

7.2.4. By Country

7.3. North America: Country Analysis

7.3.1. United States Chip On Board Led Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Application

7.3.1.2.3. By End User

7.3.2. Canada Chip On Board Led Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Application

7.3.2.2.3. By End User

7.3.3. Mexico Chip On Board Led Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Application

7.3.3.2.3. By End User

8. Europe Chip On Board Led Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By End User

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Chip On Board Led Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Application

8.3.1.2.3. By End User

8.3.2. United Kingdom Chip On Board Led Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Application

8.3.2.2.3. By End User

8.3.3. Italy Chip On Board Led Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Application

8.3.3.2.3. By End User

8.3.4. France Chip On Board Led Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Application

8.3.4.2.3. By End User

8.3.5. Spain Chip On Board Led Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Application

8.3.5.2.3. By End User

9. Asia-Pacific Chip On Board Led Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By End User

9.2.4. By Country

9.3. Asia-Pacific: Country Analysis

9.3.1. China Chip On Board Led Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Application

9.3.1.2.3. By End User

9.3.2. India Chip On Board Led Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Application

9.3.2.2.3. By End User

9.3.3. Japan Chip On Board Led Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Application

9.3.3.2.3. By End User

9.3.4. South Korea Chip On Board Led Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Type

9.3.4.2.2. By Application

9.3.4.2.3. By End User

9.3.5. Australia Chip On Board Led Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Type

9.3.5.2.2. By Application

9.3.5.2.3. By End User

10. South America Chip On Board Led Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By End User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Chip On Board Led Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Application

10.3.1.2.3. By End User

10.3.2. Argentina Chip On Board Led Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Application

10.3.2.2.3. By End User

10.3.3. Colombia Chip On Board Led Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Application

10.3.3.2.3. By End User

11. Middle East and Africa Chip On Board Led Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Application

11.2.3. By End User

11.2.4. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Chip On Board Led Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By Application

11.3.1.2.3. By End User

11.3.2. Saudi Arabia Chip On Board Led Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By Application

11.3.2.2.3. By End User

11.3.3. UAE Chip On Board Led Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Type

11.3.3.2.2. By Application

11.3.3.2.3. By End User

11.3.4. Kuwait Chip On Board Led Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Type

11.3.4.2.2. By Application

11.3.4.2.3. By End User

11.3.5. Turkey Chip On Board Led Market Outlook

11.3.5.1. Market Size & Forecast

11.3.5.1.1. By Value

11.3.5.2. Market Share & Forecast

11.3.5.2.1. By Type

11.3.5.2.2. By Application

11.3.5.2.3. By End User

11.3.6. Egypt Chip On Board Led Market Outlook

11.3.6.1. Market Size & Forecast

11.3.6.1.1. By Value

11.3.6.2. Market Share & Forecast

11.3.6.2.1. By Type

11.3.6.2.2. By Application

11.3.6.2.3. By End User

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Company Profiles

14.1. Samsung Electronics Co., Ltd

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel/Key Contact Person

14.1.5. Key Product/Services Offered

14.2. Smart Global Holdings, Inc

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel/Key Contact Person

14.2.5. Key Product/Services Offered

14.3. NICHIA CORPORATION

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel/Key Contact Person

14.3.5. Key Product/Services Offered

14.4. LG Innotek Co., Ltd

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel/Key Contact Person

14.4.5. Key Product/Services Offered

14.5. Lumileds Holding B.V

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel/Key Contact Person

14.5.5. Key Product/Services Offered

14.6. Seoul Semiconductor Co., Ltd

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel/Key Contact Person

14.6.5. Key Product/Services Offered

14.7. OSRAM GmbH

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel/Key Contact Person

14.7.5. Key Product/Services Offered

14.8. Everlight Electronics Co., Ltd

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel/Key Contact Person

14.8.5. Key Product/Services Offered

14.9. Lextar Electronics Corporation

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel/Key Contact Person

14.9.5. Key Product/Services Offered

14.10. Bridgelux, Inc

14.10.1. Business Overview

14.10.2. Key Revenue and Financials

14.10.3. Recent Developments

14.10.4. Key Personnel/Key Contact Person

14.10.5. Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Chip On Board Led Market in 2023?

The market size of the Global Chip On Board Led Market was USD 2.25 billion in 2023.

Which was the dominant segment By Application in the Global Chip On Board Led Market in 2023?

The dominant segment by application in the Global Chip On Board LED Market in 2023 was "general lighting" due to the widespread adoption of COB LEDs for energy-efficient illumination in various settings such as residential, commercial, and industrial spaces.

Which is the dominant region in the Global Chip On Board Led Market?

The dominant region in the Global Chip On Board Led Market is Asia Pacific, driven by rapid urbanization and industrialization in countries like China and India, which have led to significant demand for energy-efficient lighting solutions and the adoption of chip-on-board LED technology

What are the major drivers for the Global Chip On Board Led Market?

Major drivers for the Global Chip On Board LED Market include growing demand for energy-efficient lighting and miniaturization of LED components.

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Press Release

Chip On Board Led Market is expected to register a CAGR of 10.24% during the forecast period

May, 2024

Chip On Board Led is increasing due to growing demand for energy-efficient lighting solutions in the forecast period, 2025-2029.

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