Chip On Board Led Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (OLED, Other LED types), By Application (Automotive Lighting, Consumer Electronics, General Lighting, Medical Devices, Industrial Lighting), By End User (Residential, Commercial, Industrial, Automotive, Healthcare), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 3.99 Billion
CAGR (2026-2031)	10.25%
Fastest Growing Segment	Automotive Lighting
Largest Market	Asia Pacific
Market Size (2031)	USD 7.17 Billion

Market Overview

The Global Chip On Board Led Market will grow from USD 3.99 Billion in 2025 to USD 7.17 Billion by 2031 at a 10.25% CAGR. Chip-on-Board (COB) LED technology comprises multiple bare LED chips bonded directly onto a substrate to create a single, high-intensity lighting module. This configuration eliminates the need for individual chip packaging, which results in exceptional lumen density, a compact footprint, and uniform light output free from visible dots. The primary drivers propelling the market include the global demand for energy-efficient lighting solutions within commercial and industrial infrastructures and the superior thermal conductivity of COB arrays, which is essential for high-power applications such as automotive and street lighting.

Despite these advantages, the market faces a significant challenge regarding the management of concentrated heat flux, as the high density of chips requires sophisticated heat sinking solutions that can complicate manufacturing. According to the U.S. Department of Energy, in its 2024 solid-state lighting forecast, LED products are projected to comprise 84% of all lighting installations by 2035. This trajectory highlights the critical necessity for continuous innovation in thermal engineering to support the reliability and widespread adoption of these advanced lighting systems.

Key Market Drivers

The rising global demand for energy-efficient lighting solutions acts as a fundamental anchor for the Chip-on-Board (COB) LED market. This technology provides superior lumen-per-watt ratios and thermal conductivity compared to surface-mounted devices, making it indispensable for commercial applications striving to reduce power consumption. As nations intensify efforts to meet sustainability targets, the shift toward LED dominance is accelerating. According to the International Energy Agency, in November 2025, global primary energy intensity is on course to improve by 1.8 percent for the year, incentivizing the retrofit of legacy systems with high-efficiency modules. This transition is evidenced by corporate performance; according to Signify, in January 2025, in its Fourth Quarter and Full-Year Results 2024, LED-based revenue increased to 93 percent of total sales, illustrating the market preference for energy-saving technologies.

The growing adoption in automotive and transportation lighting is another pivotal driver. COB LEDs offer high-flux density in a compact footprint, which is critical for modern headlamp designs and adaptive driving beam systems that require powerful yet unobtrusive light sources. This miniaturization allows designers to create sleeker vehicle aesthetics without compromising on illumination standards. The sector's momentum validates this trajectory. According to Forvia Hella, in March 2025, in its Annual Results 2024, sales in the Business Group Lighting increased by 2.8 percent year-on-year to €4.0 billion, a growth attributed to new series launches and the integration of advanced Asian lighting ventures.

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Key Market Challenges

The primary obstacle hampering the Global Chip On Board LED Market is the difficulty of managing concentrated heat flux. The high density of chips within COB arrays generates significant thermal energy in a restricted area, which necessitates the use of complex heat sinking mechanisms. This requirement directly complicates the manufacturing process, as integrating these heavy-duty thermal solutions increases the bill of materials and introduces technical intricacies that can delay production and inflate unit costs. Consequently, these elevated manufacturing demands limit the technology's economic viability in cost-sensitive applications, effectively creating a barrier to rapid scalability.

This technical hurdle significantly impacts market stability, particularly when broader industry conditions are unfavorable. The added expense and engineering rigor required to mitigate thermal failure act as a deterrent to widespread adoption. According to the National Electrical Manufacturers Association (NEMA), in April 2025, the Current Conditions Index for the electroindustry declined to a value of 16.7, indicating a severe contraction in business sentiment. In such a constricting economic environment, the imperative for costly thermal engineering exacerbates the challenge, further restricting the market's growth potential.

Key Market Trends

Penetration into Virtual Production and Broadcast Displays is reshaping the market as studios replace green screens with immersive LED volumes. Chip-on-Board (COB) technology is critical here, offering finer pixel pitches and superior contrast compared to Surface-Mounted Devices, effectively eliminating the moiré effect on camera sensors. This capability for seamless, high-dynamic-range backgrounds has driven substantial investment from manufacturers optimizing modules for on-camera performance. According to Unilumin Group, May 2024, in the press release 'Ranking No.1, Unilumin Reshapes the Market Landscape of LED Video Wall Industry', the company's intelligent display business, which leverages these advanced COB capabilities, achieved a revenue of RMB 6.69 billion for the fiscal year 2023.

Expansion into High-Precision Horticultural Applications represents another transformative trend, moving beyond simple greenhouse supplementation to controlled vertical farming. COB LEDs are uniquely suited for this, delivering high Photon Flux Density from a compact source and allowing precise spectral tuning without the shadowing effects of bulkier fixtures. This configuration enables growers to place lighting closer to the canopy, maximizing yield per square foot. This shift is evidenced by rigorous product development; according to Greenhouse Product News, February 2024, in the article 'Technically Speaking: A 2024 LED lighting update', the number of qualified LED products for horticulture listed by the DesignLights Consortium reached approximately 1,500 in early 2024, up from fewer than 100 in 2020.

Segmental Insights

The Automotive Lighting segment is emerging as the fastest-growing category in the Global Chip On Board LED Market due to rising demand for energy-efficient visibility solutions. This trend is heavily influenced by strict safety and emission regulations from authorities like the European Commission, which encourage the adoption of low-power lighting components. Furthermore, the transition toward electric vehicles necessitates components that minimize power consumption while maximizing brightness. Manufacturers prefer this technology for its high lumen density and thermal management capabilities, enabling the production of compact and reliable headlamps that meet evolving industry standards.

Regional Insights

Asia Pacific dominates the global Chip On Board LED market due to the concentration of major manufacturing hubs in China, Japan, and South Korea. The region experiences high demand from the construction and automotive sectors driven by rapid urbanization. Additionally, supportive government policies promoting energy conservation accelerate market growth. For example, initiatives aligned with standards from the Bureau of Energy Efficiency in India encourage the adoption of energy-saving lighting solutions. The availability of raw materials and established production infrastructure further enables large-scale manufacturing, ensuring the region maintains its leading market position.

Recent Developments

• In March 2025, Bridgelux, Inc. expanded its Chip-on-Board (COB) product portfolio with the launch of the DriveLux series of light engine products. This new offering integrates the company's COB technology with an advanced driver into a compact, replaceable design, aiming to simplify the installation and design process for lighting manufacturers. The launch included the DX1 series, a single-channel static white solution compatible with various dimmers, and the DX4 series, a four-channel RGBW light engine designed for dynamic white tuning and vibrant color applications. The CEO of Bridgelux highlighted that this integration delivers high-performance LED engines powered directly by AC.
• In August 2024, Lumileds introduced the fifth generation of its LUXEON CoB Core Range PW LED arrays, which are engineered to deliver vibrant colors and market-leading performance for retail and hospitality applications. These new COB LEDs feature a Light Emitting Surface (LES) range of 13mm to 19mm and are available in color temperatures between 3000K and 4000K with minimum Color Rendering Index (CRI) options of 80 and 90. The product line offers improved light output and efficacy compared to previous generations, supporting the creation of high-quality, energy-efficient spotlights, track lights, and downlights that enhance the visual appeal of merchandise and indoor spaces.
• In March 2024, Luminus Devices announced the expansion of its Gen 2 CCT tunable Chip-on-Board portfolio with the introduction of the CTM-18 and CTM-22 arrays. These new COB products feature two independent channels that deliver warm and cool white light with a Color Rendering Index (CRI) of over 90, utilizing a multi-stripe design to ensure excellent color mixing and high flux density. The expansion included new color temperature ranges, such as 4000K to 1800K and a high melanopic 5000K to 2200K option, catering to the growing demand for human-centric and circadian lighting in commercial, residential, and hospitality environments.
• In March 2024, Bridgelux, Inc. launched its new RGBW CSP COB Array, a product designed to provide a combination of vivid colors and tunable white light. This innovation allows the white light to be tuned along the blackbody locus to mimic the natural color spectrum of the sun from 1800K to 12000K, creating a dynamic lighting environment suitable for various times of the day. The RGBW CSP COB Array was introduced alongside the RGBW 3838 package, with both products aimed at revolutionizing lighting experiences by offering high-power arrays that deliver optimal spot brightness and efficiency for both color and white lighting applications.

Key Market Players

• Cree, Inc.
• OSRAM Licht AG
• Nichia Corporation
• Seoul Semiconductor Co., Ltd.
• Everlight Electronics Co., Ltd.
• Lumileds Holding B.V.
• LG Innotek Co., Ltd.
• Samsung Electronics Co., Ltd.
• Taiwan Semiconductor Lighting 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:

• OLED
• Other LED types

• Chip On Board Led Market, By Application:

• Automotive Lighting
• Consumer Electronics
• General Lighting
• Medical Devices
• Industrial Lighting

• Chip On Board Led Market, By End User:

• Residential
• Commercial
• Industrial
• Automotive
• Healthcare

• Chip On Board Led Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE