Chip on Board (COB) Light Emitting Diode market Market Size

The size of the global Chip on Board (COB) Light Emitting Diode market was worth around USD 3.03 Billion in 2024 and is predicted to grow to around USD 7.67 billion by 2032, with a compound annual growth rate (CAGR) of roughly 12.30% between 2024 and 2032. The report analyzes the Chip on Board (COB) Light Emitting Diode market’s drivers and restraints, as well as the impact they have on demand throughout the projection period. In addition, the report examines global opportunities in the global Chip on Board (COB) Light Emitting Diode market.

Market Overview

Chip on Board (COB) Light Emitting Diodes consist of several LED chips, directly attached to a substrate and constituting one lighting module. They are smaller in design, provide better thermal performance, and deliver more consistent light output. The market is primarily driven by increasing demand for energy-efficient lighting in commercial and industrial applications, as well as the rising adoption of LED lighting in automotive headlamps and backlighting, as a result of a higher lumen output compared to traditional lighting technologies. In addition, the expansion of the smart lighting market is expected to shape the future of the commercialization of COB LED technology. Moreover, government programs to promote the adoption of LEDs, in conjunction with increasingly strict regulations on energy consumption, are driving manufacturers to use COB LEDs too, and are contributing to the adoption of advanced lighting technology, resulting in a promising future for COB LED technology worldwide.

The chip-on-board (COB) light emitting diode (LED) market is witnessing strong growth, driven by increasing demand for high-efficiency lighting in commercial, industrial, and residential applications. COB LEDs offer significant advantages over traditional lighting technologies, including superior thermal management, compact size, uniform light output, and higher lumen density. These attributes make them ideal for applications like downlights, high bay lights, automotive headlights, and street lighting. As global emphasis on energy conservation intensifies, COB LEDs are being rapidly adopted due to their long lifespan, low power consumption, and improved color rendering. Technological advancements have led to the development of COB LEDs with enhanced performance under high temperatures and variable voltages, further broadening their use across demanding environments. The market also benefits from innovations in materials, such as ceramic substrates and silicone encapsulants, which boost reliability and heat dissipation. In addition, the rise of smart lighting systems and increased integration of LEDs in smart homes, offices, and retail spaces are fueling demand. Growing support from government energy-efficiency programs and favorable regulatory standards continue to propel market expansion, positioning COB LEDs as a preferred solution in the evolving lighting ecosystem.

Key Findings: 

• As per the analysis shared by our research analyst, the global Chip on Board (COB) Light Emitting Diode market is estimated to grow annually at a CAGR of around 12.30% over the forecast period (2025-2032). 

• In terms of revenue, the global Chip on Board (COB) Light Emitting Diode market size was valued at around USD 3.03 Billion in 2024 and is projected to reach USD 7.67 billion by 2032. 

• Rising demand for energy-efficient lighting in commercial and industrial sectors is driving COB LED adoption, as these modules offer superior brightness, lower power consumption, and longer lifespan compared to traditional lighting.

• Based on Product, the COB LED Modules segment is growing at a high rate and will continue to dominate the global market as per industry projections. 

• On the basis of Substrate Material, the Ceramic Substrates segment is anticipated to command the largest market share. 

• In terms of Application, the Illumination segment is anticipated to command the largest market share. 

• By Region, Asia Pacific is projected to dominate the global market during the forecast period.

Chip on Board (COB) Light Emitting Diode Market Dynamics: 

The Chip on Board (COB) LED market is expanding due to increased demand for energy-efficient lighting solutions in residential, commercial, and industrial settings. In addition, increasing government initiatives to encourage LED usage in order to reduce electricity consumption will further promote the adoption of the technology. Furthermore, the use of COB technology is also growing in automotive lighting, display backlighting, and general illumination due to its advanced thermal performance compared to other luminaire types, as well as the capabilities of higher lumen outputs and smaller footprints. This will drive the overall growth of the market in both developed and developing countries.

The world is seeing an increase in energy consumption, leading to a continuing transition to energy-efficient lighting solutions, with an emphasis on COB LEDs. COB LEDs utilize far less energy than traditional illumination sources, while simultaneously offering impressive output with high lumen efficacy overall. As such, they can be used in home, commercial, and industrial applications. The International Energy Agency has reported that lighting accounts for almost 15% of global electrical consumption. Once end-users can change to efficient systems with LEDs and LEDs such as COB, they can save as much as 50% energy savings. These factors make lead to even more excellence among government energy efficiency measures, companies, and even casual energy users to drive widespread COB LED adoption.

Governments globally are promoting LED lighting to meet rising energy demands and reduce carbon emissions. In India, the UJALA scheme has distributed over 360 million LED bulbs, leading to a significant energy savings. COB LED with high luminous efficacy and low cost are the favored technology for this type of initiative. In addition, subsidies, tax incentives, and laws to phase out incandescent bulbs are increasing momentum for COB in rural and urban settings and overall market growth worldwide.

The improvement of COB LEDs has, reflective to technological innovations, noticeably enhanced their performance attributes and user acceptance in a variety of applications. COB LEDs are now able to offer greater thermal management properties, contextually higher lumen-per-watt efficacy measurements, and compact structures that allow for more aesthetically developed designs with better thermal qualities. This leads to improved, compact applications that offer greater efficiency and brightness, such as automotive or high end architectural lighting. In addition, improvements of the characteristics of COB LED arrays have been a priority for manufacturer R&D departments to improve packaging, density of light emitting chips, and quality of materials that have continued to improve COB LED experiences and have expedited their development and client acceptance for the next-generation of lighting technologies.

Chip on Board (COB) Light Emitting Diode Market: Segmentation Analysis 

The market is categorized into product segments as COB LED modules: these are pre-assembled units consisting of COB chips that are incorporated with heat sinks, and drivers for easy installation and use. They are widely preferred for their plug-and-play design and ability to fit the wide range of available lighting fixtures. One source estimates that COB modules make up over 45% of all COB LED installations in commercial, office, and retail applications. The combination of high luminous flux and thermal efficacy makes them a strong option for retail and office lighting, where consistent brightness is important while requiring little maintenance.

The next point mentions COB (chip on board) LED arrays which have many LED chips bonded onto a substrate that functions as one lighting unit. They have better uniformity and brightness than traditional packaged LED solutions, which lends themselves well to street, automotive and industrial applications. Lumileds and Cree have stated that COB arrays can supply over 15,000 lumen output from 1 array. Extremely efficient LED technologies minimize fixture count and energy costs and therefore create more market adoption. The physical size and minimal glare output of COB arrays make them even more efficient for precision lighting applications. 

COB LED components are assembled core chips without external housing, intended for original equipment manufacturers (OEMs) and customized fixture solutions. Their form factors enable manufacturers to customize lighting solutions based on lumen requirements and heat dissipation. According to Yole Développement, the rapid adoption of COB components is due to rapid uptake in high-end architectural lighting and automotive interiors where reliability and performance under thermal stress are required, as their growth also facilitates the use of smart lighting systems.

Material wise, Ceramic substrates have excellent thermal conductivity (20-25 W/m·K) and electrical insulation properties, making them ideal substrates for high power COB LEDs used for automotive and industrial illumination. It maintains performance through high temperatures for long-term stability and reliability. Utilization of ceramic substrates is reported to be over 40%, according to our analysis, for high-end COB LEDs. Their reliability and robustness to high heat and current loads contributes to their popularity in high-end applications of LEDs, such as for Ultraviolet (UV) curing, medical devices, and aerospace illumination systems.

MCPCBs, especially those made of aluminum, are a common substrate used for mid-range COB LED applications because of their satisfactory cost, thermal conductivity (about 2-5 W/m·K), and structural properties. They are typically used in general illumination, street lighting, and signs. According to industry estimates, MCPCBs account for approximately 60% of COB substrate usage across the globe. MCPCBs are relatively easy to manufacture and can be surface mounted with LEDs that operate with moderate heat dissipation and are gaining more popularity due to demands for energy-efficient long-lasting public and residential lighting.

In terms of application, Illumination accounts for over 45% of the COB LED market in 2023, making it the largest application segment. COB LEDs can be quickly hitched to the residential, commercial, and industrial lighting segments because they can provide a high lumen output, uniform light distribution, and minimize electricity usage. The International Energy Agency has shown that switching to efficient lighting such as COB LEDs can result in over a 50% reduction in electricity use for lighting. Their small size and thermal performance characteristics are a perfect arrangement for illumination infrastructures such as downlights, high bays, and streetlights.

The automotive lighting segment is developing rapidly; for example, many vehicle headlights, daytime running lights, and interior lights use COB LEDs. It accounted for about 20% of the COB LED market in 2023. Vehicle manufacturers like sign manufacturers prefer COBs because they produce high levels of brightness and energy efficiency, last longer than conventional lighting, and can be integrated into a compact space. Consistent color and durability are important during thermal stress for vehicle safety, along with general aesthetic experience for operators and passengers. Demand for advanced, energy-efficient lighting such as COB LEDs continues to increase globally as electric and autonomous vehicles proliferate in popularity.

COB LEDs are utilized in backlighting applications for LCDs, displays, and signage, providing slim form factors, consistent brightness, and low energy consumption. Despite being a smaller share of the overall industry, backlighting accounted for approximately 15% of the overall COB LED market in 2023. Demand is especially strong for tablets, monitors, and automotive displays where continuous illumination and long-lasting performance are essential. With newly increased use of smart displays and infotainment systems, especially within automotive and smart home applications, demand for COB LEDs continues to grow for precision backlighting solutions.

The "Others" segment encompasses applications such as medical devices, agricultural lighting, and UV curing. While relatively smaller in share—close to 10% in 2023—these areas are developing steadily based on the unique nature of COB LEDs, including characteristics like high density, focused spectral output, and small form-factor. In horticulture, COB LEDs are being employed in lighting for plant growth and germination, thanks in part to spectral control and high-energy efficiency. In the medical and industrial spaces, they can support applications that require dense, focused and high intensity light output, further extending their addressable markets.

Chip on Board (COB) Light Emitting Diode Market Regional Analysis:

The COB LED market is primarily dominated by the Asia Pacific region, which consists of a robust manufacturing base, lower costs of production, and a high domestic market requirement, namely China, Japan, and South Korea. In this regard, China accounted for over 50% of the global LED market in 2023 based on government incentives and rapid urbanization. The region is also experiencing additional growth in smart lighting, electronics, and automotive applications. Emerging regions such as Latin America, the Middle East and Africa will see further growth based on their growing infrastructure investments, electrification, and transitioning to energy-efficient lighting. Additional consumer awareness and policies to subsidize COB LED features will further establish COB LED in these countries.

North America holds a significant position in the chip-on-board (COB) LED market, driven by growing demand for energy-efficient lighting, strong technological adoption, and stringent regulatory standards promoting sustainable solutions. The U.S. and Canada are witnessing rapid integration of COB LEDs across commercial, residential, and industrial spaces, particularly in applications like architectural lighting, retail displays, high-bay warehouses, and smart street lighting systems. These LEDs are favored for their high lumen output, excellent color uniformity, and improved thermal performance, making them suitable for both indoor and outdoor environments. North American manufacturers and research institutions are investing in advanced COB packaging techniques and innovative materials—such as aluminum-based substrates and phosphor-coated designs—to boost performance and reliability. The region’s booming construction and remodeling activities further support adoption, as energy codes increasingly mandate LED-based solutions. Moreover, the growing popularity of smart lighting controls and IoT-enabled systems is encouraging the integration of COB LEDs in connected lighting networks. Government incentives, such as tax benefits and rebates for energy-efficient upgrades, are accelerating commercial and public sector deployment. With a strong ecosystem of lighting companies, robust infrastructure, and rising environmental consciousness, North America remains a dynamic and influential player in shaping the global COB LED landscape.

Europe is a mature and steadily advancing market for chip-on-board (COB) LEDs, driven by stringent energy efficiency regulations, progressive environmental policies, and a high emphasis on quality lighting solutions. Countries such as Germany, the UK, France, and the Netherlands are at the forefront of adopting COB LED technologies across residential, commercial, and industrial sectors. COB LEDs are particularly favored in Europe for their compactness, uniform light emission, and excellent thermal management, making them suitable for architectural lighting, museum and gallery illumination, high-end retail environments, and public infrastructure projects. The region’s push toward smart cities and intelligent lighting systems is accelerating demand for high-performance COB modules that can seamlessly integrate with sensors and control systems. European manufacturers are focused on innovation in substrate materials, heat sinks, and optical lenses to meet rigorous lighting standards and enhance system longevity. Additionally, the shift toward human-centric lighting and sustainability is encouraging the adoption of low-glare, dimmable, and color-tunable COB solutions. Local governments and EU-wide initiatives such as the Ecodesign Directive continue to support energy-efficient lighting upgrades. With a strong manufacturing base, a design-conscious consumer market, and a commitment to carbon reduction, Europe remains a key hub for technological advancement and growth in the COB LED sector.

Recent Developments: 

• 2024: Daktronics introduced its Flip-Chip COB LED display technology, enhancing its Narrow Pixel Pitch (NPP) product line. This innovation offers tighter pixel spacings from 1.8mm to 0.9mm, improved durability, and lower power consumption, aiming to provide a superior customer experience. 

• 2023: Sharp NEC launched the NEC LED FC Series featuring COB technology. This series is designed for high contrast, durability in public spaces, and energy efficiency, utilizing established F-style cabinets for flexible usage and easy maintenance.

Chip on Board (COB) Light Emitting Diode Market: Competitive Landscape 

The global Chip on Board (COB) Light Emitting Diode market features major players such as Lumileds, Bridgelux, Cree LED, Ledrise, GM Leds, PCB Online, Excelitas, Jupiter Opto Semiconductors, Rayna Industries, Belyyse LED, and Heraeus, among others. The Chip on Board (COB) Light Emitting Diode market is highly competitive, with major players such as Lumileds, Bridgelux, Cree LED, Ledrise, GM Leds, and others driving technological advancements across a range of applications. Companies are competing on factors such as product innovation, cost-efficiency, geographical reach, and sustainability, which are all essential for gaining market share in the growing Chip on Board (COB) Light Emitting Diode industry. 

The global Chip on Board (COB) Light Emitting Diode market is segmented as follows:

By Product Segment Analysis: 

• COB LED Modules

• COB LED Arrays

• COB LED Components

By Substrate Material Segment Analysis: 

• Ceramic Substrates

• Metal Core PCBs

By Application Material Segment Analysis: 

• Illumination

• Residential

• Office Space

• Industrial

• Shop Area

• Hospitality Industry

• Outdoor

• Architectural

• Automotive

• Interior

• Exterior

• Headlamp

• Side lamp

• DRLs

• Rear Light

• Backlight

• LED Television

• Monitor

• Handhelds

• Screen Display Lighting

• Others

By Region:

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany 

• France

• UK

• Spain

• Italy

• Rest of Europe

• Asia-Pacific

• China

• Japan

• India

• Australia

• South Korea

• Southeast Asia

• Rest of Asia-Pacific

• Latin America

• Brazil

• Argentina

• Rest of Latin America

• The Middle East & Africa

• GCC Countries

• South Africa

• Rest of the Middle East & Africa

Frequently Asked Questions (FAQs):

1. What is Chip on Board (COB) Light Emitting Diode?

Chip on Board (COB) Light Emitting Diode is a compact LED packaging technology where multiple LED chips are directly mounted onto a substrate, creating a single lighting module with improved brightness, efficiency, and thermal performance.

2. Which key factors will influence the Chip on Board (COB) Light Emitting Diode market growth over 2025-2032?

The Chip on Board (COB) LED market is driven by rising demand for energy-efficient lighting, compact and high-lumen output designs, growing smart lighting applications, and increased adoption across automotive, commercial, and residential sectors globally.

3. What will be the value of the Chip on Board (COB) Light Emitting Diode market during 2025-2032?

According to the study, the global Chip on Board (COB) Light Emitting Diode market size was worth around USD 3.03 billion in 2024 and is predicted to grow to around USD 7.67 billion by 2032.

4. What will be the CAGR value of the Chip on Board (COB) Light Emitting Diode market during 2024-2032?

The CAGR value of the Chip on Board (COB) Light Emitting Diode market is expected to be around 12.30% during 2025-2032.

5. Which region will contribute notably towards the Chip on Board (COB) Light Emitting Diode market value?

6. Asia Pacific dominates the COB LED market due to robust electronics manufacturing in China, South Korea, and Japan, rising infrastructure development, government energy-saving initiatives, and strong demand from automotive, industrial, and residential lighting applications.

7. Which are the major players leveraging the Chip on Board (COB) Light Emitting Diode market growth?

The global Chip on Board (COB) Light Emitting Diode market is led by players such as Lumileds, Bridgelux, Cree LED, Ledrise, GM Leds , PCB Online, Excelitas, Jupiter Opto Semiconductors, Rayna Industries, Belyyse LED.

8. What can be expected from the global Chip on Board (COB) Light Emitting Diode market report?

The report explores crucial aspects of the Chip on Board (COB) Light Emitting Diode market, including a detailed discussion of existing growth factors and restraints while also analyzing future growth opportunities and challenges that impact the market.