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The Chip On Board (COB) LED market has witnessed significant dynamics driven by a multitude of factors influencing supply and demand. COB LEDs, where multiple LED chips are directly mounted on a substrate to form a single module, have gained traction owing to their enhanced performance and efficiency compared to traditional LEDs. One major thing influencing how the market works is more and more people wanting energy-saving lights in different fields. As governments and companies pay attention to being green, COB LEDs become a good choice. This is because they can give out more light while using less energy than other lights.
Additionally, the increasing use of smart lighting and IoT integration is making people adopt COB LEDs more. These parts are small and can easily be used for things like smart homes, business areas or car lights. They follow the world's move to join everything together and use less on energy in a good way. The way things work in the market changes with improvements to COB LED technology. This makes for better color showing, easier control of heat and longer life times. These things help make COB LEDs more attractive to different people who use them.
On the side of supply, changes in COB LED industry are caused by new inventions and methods made during production. As technology changes, makers are always making COB LED production better. This lowers costs and increases all-round performance too. Also, how the market works is influenced by where factories are. Big companies put them in certain places to serve area need and lower shipping costs better. Having good and cheap suppliers of basic stuff is very important in deciding market things, as it changes the whole cost to make something and how much money COB LED makers can earn.
Regulations and rules about energy efficiency and environmental effects also affect how markets work. Strict rules on normal light technology push people to use COB LEDs as a green and obeying choice. The market changes because of rules about using lights that save energy. Government help and money rewards make companies and people pick COB LEDs over normal choices for lighting needs.
The big companies that make COB LEDs compete with each other. They all try to improve their products so they don't fall behind the others. New and better features, looks, and uses in products are very important for making people want to buy them. In the market, makers of things and technology suppliers work together. This helps them all grow more in the COB LED world. Pricing strategies also impact market dynamics, with fluctuations driven by factors such as economies of scale, production efficiency, and competitive positioning.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Material , Application, and Region |
Chip on board LED Market Highlights:
Global Chip On Board (COB) LED Market Overview:
Chip On Board (COB) LED Market Size was valued at USD 2.2 Billion in 2023. The Chip On Board (COB) LED Market industry is projected to grow from USD 2.59 Billion in 2024 to USD 8.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.80% during the forecast period (2024 - 2032). The growing emphasis of governments throughout the world on promoting energy-efficient lighting and lowering power requirements are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Chip On Board (COB) LED Market Trends
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Increasing Demand for Energy-Efficient Lighting Solutions boosts market growth
Market CAGR for the growing demand for energy-efficient lighting solutions in a variety of applications is driving the chip on board (COB) LED industry. COB LEDs are a type of LED technology that allows several LED chips to be directly placed onto a substrate, resulting in higher light output and efficiency than standard LEDs. The need for energy-efficient lighting solutions that can cut energy usage and operational costs is driving demand for COB LEDs. COB LEDs are becoming increasingly popular in a variety of applications, including residential, commercial, and industrial lighting, as the emphasis on energy conservation and sustainability grows.
COB LEDs are also employed in vehicle illumination since they outperform previous lighting technologies in terms of performance and efficiency. COB LEDs are increasingly being used in the automobile sector for headlights, taillights, and other lighting applications because they improve visibility and safety on the road. Furthermore, the expanding trend of smart lighting, as well as the increasing usage of the Internet of Things (IoT), is driving demand for COB LEDs. COB LEDs can be used with sensors and other smart devices to create intelligent lighting solutions that can be controlled remotely and adapt to changing lighting conditions automatically.
In addition, COB LED manufacturers have been working more on enhancing the quality and intensity of light created by COB LEDs. They are incorporating new technology to produce better COB LED lighting products. This includes using adjustable illumination in COB LEDs. Users can change the colour temperature of LED lights with tunable lighting. LED lighting may be lowered or altered to give warm or cool light. Adoption of lighting solutions based on tunable lighting is gaining popularity in commercial and residential institutions, including commercial spaces such as retail stores, hotels, office spaces, and hospitals, as well as residential areas such as residences and apartment lobbies. A growing number of companies are working on introducing COB LEDs with customizable lighting capabilities. Increasing innovation in COB LEDs will most likely drive their usage during the projected period.
Chip On Board (COB) LED Market Segment Insights:
Chip On Board (COB) LED Material Insights
The Chip On Board (COB) LED Market segmentation, based on Material includes MCPCB, ceramic. The ceramic segment dominates the COB LED market due to the high durability, thermal stability, and light output efficiency of ceramic-based COB LEDs. Ceramic substrates have higher thermal conductivity than other materials, enabling for more efficient heat dissipation and higher power densities. This results in improved performance and a longer lifespan for COB LED products. Furthermore, ceramic-based COB LEDs are resistant to high temperatures, humidity, and other environmental variables, make them excellent for usage in hostile locations. Furthermore, ceramic-based COB LEDs have superior colour rendering and higher luminous efficacy, making them ideal for usage in high-end lighting applications such as commercial and architectural lighting.
Figure1: Chip On Board (COB) LED Market, by Material, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Chip On Board (COB) LED Application Insights
The Chip On Board (COB) LED Market segmentation, based on Application, includes general lighting, backlighting and automotive lighting. In 2022, the backlighting application segment had the highest revenue share. The market for CCOB LED chips is predicted to increase significantly due to its high efficiency and low cost per unit of light when compared to traditional lighting systems. These chips have a better resolution, allowing designers to generate more realistic-looking graphics. This trend is expected to continue, propelling the general lighting application segment as well as automotive lighting applications over the projection period.
Chip On Board (COB) LED Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Chip On Board (COB) LED Market area will dominate this market, because of the presence of multiple top producers and suppliers of COB LEDs in the region. Many significant competitors, like Cree, Lumileds, and Nichia Corporation, are based in the region and offer a wide range of COB LED products for a variety of applications. Furthermore, the high adoption of energy-efficient lighting solutions in North America, as well as the increasing demand for COB LEDs in the automotive and horticultural lighting sectors, has propelled the region's COB LED market expansion.
Further, the major countries studiedin the market reportare The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: Chip On Board (COB) LED Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Chip On Board (COB) LED Market accounts for the second-largest market share because of increased acceptance by major manufacturers across a variety of end-use applications, including general lighting. Further, the German Chip On Board (COB) LED Market held the largest market share, and the UK Chip On Board (COB) LED Market was the fastest growing market in the European region
The Asia-Pacific Chip On Board (COB) LED Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of rising demand from major application sectors such as automotive, backlighting, and general illumination. Moreover, China’s Chip On Board (COB) LED Market held the largest market share, and the Indian Chip On Board (COB) LED Market was the fastest growing market in the Asia-Pacific region.
Chip On Board (COB) LED Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Chip On Board (COB) LED Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Chip On Board (COB) LED industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Chip On Board (COB) LED industry to benefit clients and increase the market sector. In recent years, the Chip On Board (COB) LED industry has offered some of the most significant advantages to medicine. Major players in the Chip On Board (COB) LED Market, including Lighting (US), Philips Lumileds Lighting Co. (Netherlands), Samsung Electronics Co. Ltd. (South Korea), Everlight Electronics Co. Ltd. (Taiwan) and others, are attempting to increase market demand by investing in research and development operations.
Hubbell Incorporated is a corporation based in the United States that creates, manufactures, and sells electrical and electronic equipment for non-residential and residential construction, industrial, and utility applications. Harvey Hubbell began Hubbell as a sole proprietorship in 1888, and the company was incorporated in Connecticut in 1905. Fortune ranks it 602nd. The electrical segment (which includes electrical systems products and lighting products) and the Power section are the company's reporting segments. Hubbell has production sites in the United States, Canada, Switzerland, Puerto Rico, Mexico, China, Italy, the United Kingdom, Brazil, and Australia, as well as sales offices in Singapore, China, India, Mexico, South Korea, and Middle Eastern countries. In 2020, Hubbell Lighting, a prominent lighting solutions supplier, has purchased Litecontrol, a developer of architectural lighting fixtures. The acquisition aims to increase Hubbell Lighting's position in the architectural lighting industry while also broadening its product offering.
OSRAM Licht AG, headquartered in Munich and Premstätten (Austria), is a German manufacturer of electric lighting. OSRAM sees itself as a high-tech photonics company with a growing emphasis on sensor technology, visualization, and light treatment. Customers are served by the corporation in the consumer, automotive, healthcare, and industrial technology sectors. OSRAM GmbH is the operating corporation of OSRAM. In 2020, Osram, a renowned LED product producer, has announced a collaboration with Continental AG, a leading automotive supplier. The collaboration aims to create revolutionary lighting solutions for the automobile sector by combining Osram's experience in LED technology with Continental's knowledge in automotive systems. The collaboration is likely to propel the COB LED industry in the automotive sector forward.
Key Companies in the Chip On Board (COB) LED market include
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Osram Opto Semiconductors GmbH (Germany)
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Citizen Electronics Co. Ltd. (Japan)
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Cree Inc. (US)
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Seoul Semiconductor Co. Ltd. (South Korea)
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GE Lighting (US)
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Philips Lumileds Lighting Co. (Netherlands)
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Samsung Electronics Co. Ltd. (South Korea)
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Everlight Electronics Co. Ltd. (Taiwan)
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LG Innotek Co. Ltd. (South Korea)
Chip On Board (COB) LED Industry Developments
In March 2024, Two brand-new chip-on-board LED lights have been introduced by Zhiyun, which bring the adaptability of lighting to a whole new level. Zhiyun has now unveiled two COB lights that are tiny enough to fit in your pocket, making them an excellent choice for those who are looking for a lighting kit that is both adaptable and compact.
Both photographers and videographers who need a minimum lighting plan will find the new Zhiyun Molus X60 and X60-RGB portable COB lights to be a great choice. As a result of its often modest size but consistent and considerable brightness, COB lighting has emerged as a popular choice among videographers and content makers. The new X60 variants are only a fraction bigger than a credit card and have a power output of 60W.
COB is an abbreviation that stands for "chip on board," which indicates that the LED chips, which are often stacked, are in direct contact with the substrate and the circuit board if they are bare. In addition to providing advantages such as a more rapid cooling process, increased energy efficiency, increased brightness, and a more compact design, this makes it possible to distribute light evenly over a vast area.
With dimensions of 100 x 71 x 56 mm and a weight of just 313 grammes (or 319 grammes for the X60-RGB), the Zhiyun Molus X60 and X60-RGB take advantage of this last advantage. These lights are created from a sturdy all-metal design that is not only sleek and contemporary but also lightweight, despite the fact that they weigh very little.
Depending on how you want to use the product, the two alternative model choices each provide something somewhat different. 'flicker-free dual color temperatures (2700K-6500K) and excellent color rendering accuracy (CRI≥95, TLCI≥97)' are features that are offered by the conventional X60. On the other hand, the X60-RGB provides pure white light and brilliant colored light that can be precisely adjusted throughout the RGB spectrum.
In May 2021, Cree, Inc. announced the addition of new CMT LEDs to the XLamp High Current LED Array family, extending Cree's latest metal-based chip-on-board (COB) LED technology to the most common COB form factors.
In December 2020, Nichia Corporation, a renowned LED lighting maker, has announced a collaboration with Infineon Technologies, a semiconductor manufacturer. The collaboration sought to create high-quality LED drivers for automotive lighting applications by leveraging Infineon's expertise in semiconductor technology.
In January 2019, Lumileds, a prominent LED lighting product maker, announced the growth of its COB LED production capacity. The expansion was designed to address the increased demand for COB LEDs in a variety of applications such as general lighting, automotive lighting, and speciality lighting.
Chip On Board (COB) LED Market Segmentation:
Chip On Board (COB) LED Market By Material Outlook
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MCPCB
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Ceramic
Chip On Board (COB) LED Market By Application Outlook
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General Lighting
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Backlighting
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Chip On Board (COB) LED Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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