Chip-on-board (COB) LED Market Size 2025-2029
The chip-on-board (COB) led market size is forecast to increase by USD 3.8 billion, at a CAGR of 17.8% between 2024 and 2029.
The global chip-on-board (COB) led market is advancing, largely due to the escalating demand for energy-efficient illumination. This is complemented by a significant trend toward miniaturization and enhanced performance, which facilitates novel applications in the automotive led lighting market. Innovations in thermal management and led package design are improving luminous efficacy. However, the industry contends with intense price competition and market commoditization, which applies pressure on profitability and requires strategic differentiation. These dynamics are pivotal in shaping the landscape for both high-power led modules and standard lighting components, impacting the broader light-emitting diode (LED) sector.Strategic responses to these conditions include a focus on specialized applications where high performance justifies premium positioning. The development of advanced cob led arrays and high cri cob leds helps vendors stand out. The push for miniaturization is evident in the creation of compact cob led modules and flexible cob led strips, expanding design possibilities in various sectors. The integration of iot-enabled devices and smart lighting controls also offers a pathway to value-added solutions, moving beyond simple illumination to intelligent lighting systems. This strategic pivot is crucial for navigating the competitive pressures within the silicon carbide (SIC) and led encapsulation market segments.
What will be the Size of the Chip-on-board (COB) LED Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
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The global chip-on-board (COB) led market continues to be shaped by developments in high cri cob leds and tunable white light technology, enhancing applications in sectors requiring precise color fidelity. Advances in led package design and the use of ceramic substrate materials are improving thermal conductivity, a critical factor for high-power led modules. This progress influences the automotive led lighting market and the broader light-emitting diode (LED) industry, where efficiency and reliability are paramount.Innovations focus on optimizing the led driver circuit and integrating smart lighting controls to create more sophisticated systems. The expansion into horticulture lighting systems and the development of flexible cob led strips for architectural use demonstrate market diversification. Challenges related to the thermal resistance of cob leds and improving light distribution patterns are being addressed through ongoing research. Progress in phosphor coating techniques and led chip technology is also key to enhancing lumen maintenance and overall performance across applications like retail display lighting.
How is this Chip-on-board (COB) LED Industry segmented?
The chip-on-board (COB) led industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- End-user
- Distribution channel
- Product type
- Standard COB LED
- High power COB LED
- Mid power COB LED
- Geography
- APAC
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- North America
- South America
- Middle East and Africa
- Rest of World (ROW)
By End-user Insights
The general lighting segment is estimated to witness significant growth during the forecast period.
The general lighting segment is a foundational area for the global chip-on-board LED market, influenced by regulations promoting energy efficiency and a growing sustainability focus. These components are well-suited for such applications due to their high luminous efficacy, excellent thermal management, and ability to produce uniform light. This makes them ideal for residential, commercial, and industrial environments. The global market for this segment, valued in the billions, is projected to grow at a compound annual rate of approximately 15%.
Market expansion is also supported by the integration of smart technologies. The growth of smart LED systems, which can be integrated with internet of things platforms, enables optimized energy consumption through scheduling and sensor-based automation. This aligns with the development of human-centric lighting, which aims to improve well-being by adjusting light to mimic natural daylight. Continuous innovation in color rendering and light quality, combined with decreasing manufacturing costs, ensures this segment maintains its substantial market share.
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The General lighting segment was valued at USD 1.6 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 50.9% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The APAC region is the dominant force in the global chip-on-board LED market, serving as both a major manufacturing hub and a swiftly growing consumer market. This growth is powered by rapid urbanization, extensive infrastructure development, and supportive government initiatives promoting energy-efficient lighting. Countries such as China, Japan, and South Korea are at the forefront of production and technological innovation. The automotive and consumer electronics industries in APAC create substantial demand, with the region accounting for 50.9% of the market's incremental growth.
The competitive environment in the APAC region is highly dynamic, with numerous domestic and international players competing for market share. This intense competition fosters continuous innovation and leads to price reductions, making the technology more accessible to a broader range of consumers. Government initiatives focused on developing smart cities and promoting sustainable development are expected to further increase the demand for these components in outdoor and public lighting applications, solidifying the region's leading position in the market.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The Global Chip-On-Board (COB) LED market is witnessing significant expansion, driven by continuous advancements in COB LED manufacturing processes that enable the design of COB LED for superior lumen density. The impact of ceramic substrate materials on performance has been crucial for achieving better durability, alongside a focus on lumen maintenance improvement in COB LED systems. For OEMs, enhancing visual quality through advancements in phosphor coating techniques for color tuning is paramount. This directly supports the increasing use of high CRI COB LEDs in retail display lighting and expands the role of tunable white light technology in COB LEDs for human-centric applications. The role of advanced COB LED arrays in professional lighting continues to grow, emphasizing the need for optimizing light distribution patterns in COB LED fixtures, while the development of compact COB LED modules for portable devices highlights miniaturization trends.Market penetration is deepening across diverse sectors, from the integration of COB LED in automotive forward lighting to the creative application of flexible COB LED strips in architecture. Specialized segments are also emerging, such as utilizing COB LED technology for high-resolution backlighting and expanding COB LED applications in horticulture lighting systems. The proven performance of COB LED in high-bay industrial lighting solidifies its industrial credentials. A key value-add is the integration of smart controls with COB LED systems, which relies on COB LED driver circuit efficiency improvements and the reliability of COB LED power supplies for long-term use. Despite progress, persistent challenges in COB LED thermal resistance management remain, making effective thermal resistance management in high-power COB LEDs a critical area of ongoing R&D.
What are the key market drivers leading to the rise in the adoption of Chip-on-board (COB) LED Industry?
- The primary driver for the market is the heightened demand for energy-efficient lighting solutions, which is accelerating growth.
Heightened demand for energy-efficient lighting solutions is a primary factor influencing the market. Chip-on-board light-emitting diodes offer high-intensity, uniform light output while consuming less power than traditional technologies, which reduces operational costs for end-users. This efficiency is enhanced by superior thermal management and luminous efficacy. In regulated environments, this shift is accelerated by policies mandating higher efficiency standards for lighting products. The integration of these components into smart lighting systems further amplifies energy savings through features like automated dimming and occupancy sensing, aligning with green building initiatives. The global penetration rate for led headlights in passenger cars has already reached 72%, underscoring the widespread adoption of such energy-saving technologies in key sectors.Continuous technological innovation serves as a significant catalyst for market development. Advancements in materials and manufacturing processes have resulted in chip-on-board light-emitting diodes with higher brightness, improved color rendering, and enhanced reliability. The refinement of ceramic-based cob substrates offers superior thermal conductivity, allowing for higher power densities and longer operational lifespans suitable for demanding applications. This evolution enables the production of displays with finer pixel pitches, leading to higher resolution and improved visual comfort. These advancements are also being leveraged to develop human-centric lighting systems that mimic natural daylight patterns, for which the high color consistency of these components is crucial.
What are the market trends shaping the Chip-on-board (COB) LED Industry?
- A key upcoming trend is the ongoing miniaturization and enhancement of performance, which is creating new applications for the technology.
A predominant trend is the persistent drive toward miniaturization and enhanced performance, unlocking novel applications. Technological advancements are enabling the production of chip-on-board light-emitting diodes that are not only smaller but also boast superior luminous efficacy, improved thermal management, and higher resolution. This evolution is particularly impactful in the automotive led lighting market, high-resolution display manufacturing, and horticultural lighting. Innovations such as finer pixel pitches, with some models featuring an ultra-fine 0.9mm pitch, cater to the expanding market for ultra-high-definition displays. The broader industry movement is toward miniaturized, high-performance lighting components that enhance safety and design flexibility in a variety of sectors, influencing the entire light-emitting diode (LED) ecosystem.The integration of smart technologies and the internet of things (IOT) represents a significant and transformative trend. This convergence is creating intelligent lighting solutions that offer enhanced control and data-driven functionalities. Connecting chip-on-board light-emitting diode systems to the internet allows for remote operation and dynamic adjustment of lighting conditions, improving energy efficiency. The increasing adoption of iot-enabled devices is a key factor, as these systems can be integrated into larger building management systems for sophisticated control. In one large-scale initiative, over 13.11 million led streetlights were installed, with many being integrated with smart controls, highlighting the potential for smart adoption in the chip-on-board (COB) led market.
What challenges does the Chip-on-board (COB) LED Industry face during its growth?
- A key challenge affecting industry growth is the intense price competition and the increasing commoditization of products.
The market is grappling with significant price erosion and the progression toward commoditization. This is particularly acute due to a surge in manufacturing capacity that has led to a supply-demand imbalance. Aggressive volume-for-price strategies have resulted in notable decreases in the prices of fine-pitch light-emitting diode products. This competitive pressure has caused a decoupling of shipment volume and revenue; while shipment area experienced a 12.7% growth, revenue declined, indicating clear market commoditization. This forces firms to either reduce prices, sacrificing profit margins, or focus on high-end, specialized applications where performance can command a premium, leading to a bifurcated competition structure.A formidable challenge arises from the rapid advancements and increasing commercialization of mini-light-emitting diode and micro-light-emitting diode technologies. These alternatives offer superior performance in contrast, brightness, and resolution, progressively encroaching on market segments traditionally dominated by chip-on-board light-emitting diodes. In the high-end display market, mini-light-emitting diode in package (MIP) technology is rapidly gaining traction due to its cost-effectiveness. The cost of mip products is projected to decrease by approximately 30%, which could further erode the market share of chip-on-board light-emitting diodes in certain applications. While chip-on-board technology is also evolving, the pace of advancement in these competing technologies presents a continuous challenge.
Exclusive Customer Landscape
The chip-on-board (COB) led market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the chip-on-board (COB) led market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, chip-on-board (COB) led market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ams OSRAM AG - The company provides chip-on-board (COB) light-emitting diodes (LEDS) engineered for high luminous efficacy and consistent light distribution. These components are designed for deployment in general lighting and automotive applications, addressing market demands for performance and uniformity.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- ams OSRAM AG
- Boston Electronics Corp.
- Bridgelux Inc.
- Citizen Watch Co. Ltd.
- Cree LED
- EVERLIGHT ELECTRONICS CO. LTD.
- Excelitas Technologies Corp.
- Hongli Zhihui Group Co. Ltd.
- LG Innotek Co. Ltd.
- Luckylight Electronics Co. Ltd
- Lumens Co. Ltd.
- Lumileds Holding BV
- Luminus Inc.
- Nichia Corp.
- Power Palazzo Pvt Ltd.
- Samsung Electronics Co. Ltd.
- Seoul Semiconductor Co. Ltd.
- Silicon Lightworks LLC
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Chip-On-Board (COB) Led Market
In May 2024, ams-OSRAM AG introduced the OSCONIQ P 3737, a high-power LED with high efficiency and a long lifetime designed specifically for the growing horticultural lighting segment.In May 2024, Daktronics Inc., a US-based company, launched its innovative Flip-Chip COB LED display technology, which features tighter pixel spacing and improved durability for high-resolution display solutions.In April 2024, Cree LED, an SGH company, received a 2024 BrightStar Award from LEDs Magazine for its J Series 2835 Pro9 LEDs, which deliver industry-leading efficacy for indoor lighting applications.
Research Analyst Overview
The evolution of the global Chip-On-Board (COB) LED market is characterized by continuous refinements in manufacturing and performance. Advances in led chip technology are central, with flip-chip technology improving thermal management compared to traditional wire bonding. The choice of materials, including gallium and germanium for semiconductor layers and ceramic-based cob substrates, directly affects the thermal resistance of cob leds. Processes like die bonding and precise phosphor coating are critical for achieving high luminous efficacy, superior lumen maintenance, and high cri cob leds. These developments enable the production of compact cob led modules and advanced cob led arrays that deliver high lumen density. The sector is expected to expand by nearly 18% as demand for efficient cob led power supplies and components with optimized light distribution patterns continues to shape product development.Adaptation across diverse applications is a defining dynamic, with COB LED technology being integrated into smart lighting systems and IoT-enabled devices. This facilitates functionalities like human-centric lighting with tunable white light. In specialized sectors such as horticulture lighting for controlled environment agriculture, the focus is on light spectra optimization. For automotive applications, matrix led technology is fundamental to adaptive front-lighting systems. In display technology, mini-led in package designs support backlighting for displays with enhanced local dimming, while direct-view led displays are advancing toward finer pixel pitches using micro-led matrix solution and virtual pixel technology. However, the market navigates persistent operational complexities, including supply chain volatility due to geopolitical tensions, which contributes to a supply-demand imbalance, ongoing price erosion, and a trend toward market commoditization.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Chip-on-board (COB) LED Market insights. See full methodology.
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Market Scope
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Report Coverage
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Details
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Page number
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293
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Base year
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2024
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Historic period
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2019 - 2023 |
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Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerating at a CAGR of 17.8%
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Market growth 2024-2029
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USD 3.8 billion
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Market structure
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Fragmented
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YoY growth 2024-2029(%)
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14.9%
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Key countries
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China, India, Japan, South Korea, Australia, Indonesia, Germany, UK, France, Italy, Spain, The Netherlands, US, Canada, Mexico, Brazil, Argentina, Chile, Saudi Arabia, UAE, South Africa, Egypt, Nigeria
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Chip-on-board (COB) LED Market Research and Growth Report?
- CAGR of the Chip-on-board (COB) LED industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC, Europe, North America, South America, Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the chip-on-board (COB) led market growth of industry companies
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1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Global Chip-On-Board (COB) LED Market 2019 - 2023
- Historic Market Size - Data Table on Global Chip-On-Board (COB) LED Market 2019 - 2023 ($ billion)
- 5.2 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
- 5.3 Distribution Channel segment analysis 2019 - 2023
- Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ billion)
- 5.4 Product Type segment analysis 2019 - 2023
- Historic Market Size - Product Type Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 The AI impact on Global Chip-on-Board (COB) LED Market
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by End-user
- 8 Market Segmentation by End-user
- 8.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 8.3 General lighting - Market size and forecast 2024-2029
- Chart on General lighting - Market size and forecast 2024-2029 ($ billion)
- Data Table on General lighting - Market size and forecast 2024-2029 ($ billion)
- Chart on General lighting - Year-over-year growth 2024-2029 (%)
- Data Table on General lighting - Year-over-year growth 2024-2029 (%)
- 8.4 Automotive lighting - Market size and forecast 2024-2029
- Chart on Automotive lighting - Market size and forecast 2024-2029 ($ billion)
- Data Table on Automotive lighting - Market size and forecast 2024-2029 ($ billion)
- Chart on Automotive lighting - Year-over-year growth 2024-2029 (%)
- Data Table on Automotive lighting - Year-over-year growth 2024-2029 (%)
- 8.5 Backlighting - Market size and forecast 2024-2029
- Chart on Backlighting - Market size and forecast 2024-2029 ($ billion)
- Data Table on Backlighting - Market size and forecast 2024-2029 ($ billion)
- Chart on Backlighting - Year-over-year growth 2024-2029 (%)
- Data Table on Backlighting - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
9 Market Segmentation by Distribution Channel
- 9 Market Segmentation by Distribution Channel
- 9.1 Market segments
- Chart on Distribution Channel - Market share 2024-2029 (%)
- Data Table on Distribution Channel - Market share 2024-2029 (%)
- 9.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
- 9.3 Offline - Market size and forecast 2024-2029
- Chart on Offline - Market size and forecast 2024-2029 ($ billion)
- Data Table on Offline - Market size and forecast 2024-2029 ($ billion)
- Chart on Offline - Year-over-year growth 2024-2029 (%)
- Data Table on Offline - Year-over-year growth 2024-2029 (%)
- 9.4 Online - Market size and forecast 2024-2029
- Chart on Online - Market size and forecast 2024-2029 ($ billion)
- Data Table on Online - Market size and forecast 2024-2029 ($ billion)
- Chart on Online - Year-over-year growth 2024-2029 (%)
- Data Table on Online - Year-over-year growth 2024-2029 (%)
- 9.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ billion)
- Data Table on Market opportunity by Distribution Channel ($ billion)
10 Market Segmentation by Product Type
- 10 Market Segmentation by Product Type
- 10.1 Market segments
- Chart on Product Type - Market share 2024-2029 (%)
- Data Table on Product Type - Market share 2024-2029 (%)
- 10.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
- 10.3 Standard COB LED - Market size and forecast 2024-2029
- Chart on Standard COB LED - Market size and forecast 2024-2029 ($ billion)
- Data Table on Standard COB LED - Market size and forecast 2024-2029 ($ billion)
- Chart on Standard COB LED - Year-over-year growth 2024-2029 (%)
- Data Table on Standard COB LED - Year-over-year growth 2024-2029 (%)
- 10.4 High power COB LED - Market size and forecast 2024-2029
- Chart on High power COB LED - Market size and forecast 2024-2029 ($ billion)
- Data Table on High power COB LED - Market size and forecast 2024-2029 ($ billion)
- Chart on High power COB LED - Year-over-year growth 2024-2029 (%)
- Data Table on High power COB LED - Year-over-year growth 2024-2029 (%)
- 10.5 Mid power COB LED - Market size and forecast 2024-2029
- Chart on Mid power COB LED - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mid power COB LED - Market size and forecast 2024-2029 ($ billion)
- Chart on Mid power COB LED - Year-over-year growth 2024-2029 (%)
- Data Table on Mid power COB LED - Year-over-year growth 2024-2029 (%)
- 10.6 Market opportunity by Product Type
- Market opportunity by Product Type ($ billion)
- Data Table on Market opportunity by Product Type ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 12.3.1 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.3.2 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.3.3 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.3.4 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.3.5 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 12.3.6 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 12.4.1 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.4.2 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.4.3 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.4.4 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.4.5 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
- 12.4.6 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 12.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 12.5.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.5.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.5.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 12.6.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.6.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.6.3 Chile - Market size and forecast 2024-2029
- Chart on Chile - Market size and forecast 2024-2029 ($ billion)
- Data Table on Chile - Market size and forecast 2024-2029 ($ billion)
- Chart on Chile - Year-over-year growth 2024-2029 (%)
- Data Table on Chile - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 12.7.1 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.7.2 UAE - Market size and forecast 2024-2029
- Chart on UAE - Market size and forecast 2024-2029 ($ billion)
- Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
- Chart on UAE - Year-over-year growth 2024-2029 (%)
- Data Table on UAE - Year-over-year growth 2024-2029 (%)
- 12.7.3 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 12.7.4 Egypt - Market size and forecast 2024-2029
- Chart on Egypt - Market size and forecast 2024-2029 ($ billion)
- Data Table on Egypt - Market size and forecast 2024-2029 ($ billion)
- Chart on Egypt - Year-over-year growth 2024-2029 (%)
- Data Table on Egypt - Year-over-year growth 2024-2029 (%)
- 12.7.5 Nigeria - Market size and forecast 2024-2029
- Chart on Nigeria - Market size and forecast 2024-2029 ($ billion)
- Data Table on Nigeria - Market size and forecast 2024-2029 ($ billion)
- Chart on Nigeria - Year-over-year growth 2024-2029 (%)
- Data Table on Nigeria - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Heightened demand for energy-efficient lighting solutions propels market growth
- Technological advancements and miniaturization fueling innovation
- Expanding applications in automotive and horticulture sectors
- 13.2 Market challenges
- Intense price competition and commoditization
- Technological competition from Mini-LED and Micro-LED
- Supply chain volatility and geopolitical factors
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Miniaturization and enhanced performance driving new applications
- Integration of smart technologies and the internet of things
- Emphasis on sustainability and energy efficiency
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 ams OSRAM AG
- ams OSRAM AG - Overview
- ams OSRAM AG - Business segments
- ams OSRAM AG - Key news
- ams OSRAM AG - Key offerings
- ams OSRAM AG - Segment focus
- SWOT
- 15.5 Bridgelux Inc.
- Bridgelux Inc. - Overview
- Bridgelux Inc. - Product / Service
- Bridgelux Inc. - Key offerings
- SWOT
- 15.6 Citizen Watch Co. Ltd.
- Citizen Watch Co. Ltd. - Overview
- Citizen Watch Co. Ltd. - Business segments
- Citizen Watch Co. Ltd. - Key offerings
- Citizen Watch Co. Ltd. - Segment focus
- SWOT
- 15.7 Cree LED
- Cree LED - Overview
- Cree LED - Product / Service
- Cree LED - Key offerings
- SWOT
- 15.8 EVERLIGHT ELECTRONICS CO. LTD.
- EVERLIGHT ELECTRONICS CO. LTD. - Overview
- EVERLIGHT ELECTRONICS CO. LTD. - Product / Service
- EVERLIGHT ELECTRONICS CO. LTD. - Key offerings
- SWOT
- 15.9 Excelitas Technologies Corp.
- Excelitas Technologies Corp. - Overview
- Excelitas Technologies Corp. - Product / Service
- Excelitas Technologies Corp. - Key offerings
- SWOT
- 15.10 Hongli Zhihui Group Co. Ltd.
- Hongli Zhihui Group Co. Ltd. - Overview
- Hongli Zhihui Group Co. Ltd. - Product / Service
- Hongli Zhihui Group Co. Ltd. - Key offerings
- SWOT
- 15.11 LG Innotek Co. Ltd.
- LG Innotek Co. Ltd. - Overview
- LG Innotek Co. Ltd. - Business segments
- LG Innotek Co. Ltd. - Key offerings
- LG Innotek Co. Ltd. - Segment focus
- SWOT
- 15.12 Lumens Co. Ltd.
- Lumens Co. Ltd. - Overview
- Lumens Co. Ltd. - Business segments
- Lumens Co. Ltd. - Key offerings
- Lumens Co. Ltd. - Segment focus
- SWOT
- 15.13 Lumileds Holding BV
- Lumileds Holding BV - Overview
- Lumileds Holding BV - Product / Service
- Lumileds Holding BV - Key offerings
- SWOT
- 15.14 Luminus Inc.
- Luminus Inc. - Overview
- Luminus Inc. - Product / Service
- Luminus Inc. - Key offerings
- SWOT
- 15.15 Nichia Corp.
- Nichia Corp. - Overview
- Nichia Corp. - Product / Service
- Nichia Corp. - Key news
- Nichia Corp. - Key offerings
- SWOT
- 15.16 Samsung Electronics Co. Ltd.
- Samsung Electronics Co. Ltd. - Overview
- Samsung Electronics Co. Ltd. - Business segments
- Samsung Electronics Co. Ltd. - Key news
- Samsung Electronics Co. Ltd. - Key offerings
- Samsung Electronics Co. Ltd. - Segment focus
- SWOT
- 15.17 Seoul Semiconductor Co. Ltd.
- Seoul Semiconductor Co. Ltd. - Overview
- Seoul Semiconductor Co. Ltd. - Product / Service
- Seoul Semiconductor Co. Ltd. - Key offerings
- SWOT
- 15.18 Silicon Lightworks LLC
- Silicon Lightworks LLC - Overview
- Silicon Lightworks LLC - Product / Service
- Silicon Lightworks LLC - Key offerings
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
INFORMATION SOURCES
DATA ANALYSIS
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