Chip-on-Board (COB) LED Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022

Pages: 120

SKU: IRTNTR72337

Snapshot

The chip-on-board (COB) LED market share is expected to increase by USD 1.89 billion from 2021 to 2026, at a CAGR of 11.4%.

This chip-on-board (COB) LED market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers chip-on-board (COB) LED market segmentation by application (general lighting, automotive lighting, and backlighting) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The chip-on-board (COB) LED market report also offers information on several market vendors, including ams AG, Boston Electronics Corp., Bridgelux Inc., Citizen Watch Co. Ltd., Hongli Zhihui Group Co Ltd, Everlight Electronics Co. Ltd., Excelitas Technologies Corp., Lextar Electronics Corp., LG Innotek, Lumens Co. Ltd., Luminus Inc., Mouser Electronics Inc., Neumuller Elektronik GmbH, Nichia Corp., PerkinElmer Inc., Power Palazzo Pvt Ltd., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., and Silicon Lightworks LLC among others.

What will the Chip-on-Board (COB) LED Market Size be During the Forecast Period?

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Chip-on-Board (COB) LED Market: Key Drivers, Trends, and Challenges

The technological innovations in COB LEDs is notably driving the chip-on-board (COB) LED market growth, although factors such as the development of CSP LEDs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the chip-on-board (COB) LED industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Chip-on-Board (COB) LED Market Driver

One of the key factors driving growth in the chip-on-board (COB) LED market is the technological innovations in COB LEDs. Manufacturers of COB LEDs have been increasingly focusing on improving the quality and intensity of light generated by COB LEDs. They are increasingly incorporating new technologies to provide enhanced COB LED lighting products. This includes the adoption of tunable lighting in COB LEDs. Tunable lighting enables users to adjust the color temperature of LED lights. LED lighting can be changed/dimmed to provide warm light or cool light. The adoption of lighting solutions based on tunable lighting is gaining traction in commercial and residential establishments, including commercial spaces such as retail stores, hotels, office spaces, and hospitals, as well as residential places such as homes and apartment lobbies. An increasing number of vendors are focusing on launching COB LEDs with tunable lighting features. The increasing innovations in COB LEDs will likely drive their adoption during the forecast period.

Key Chip-on-Board (COB) LED Market Trend

The adoption of COB LEDs in horticulture is another factor supporting the chip-on-board (COB) LED market share growth. Horticulture refers to the art, science, and technology of producing and marketing food crops and non-food crops. This includes the cultivation of fruits, vegetables, medicinal plants, grasses, and ornamental trees and plants. These can be cultivated under CFL, LED, and high-pressure sodium (HPS) lighting and other similar lighting options, which act as a supplement to sunlight. The plants cultivated require adequate sunlight to grow, which is compensated with the help of LED lighting in the case of the absence of natural sunlight. Among various LEDs used for horticulture, COB LEDs are being increasingly preferred to other LED lighting technologies, owing to their design and technical advantages. COB LEDs help lighting manufacturers design luminaires with customizable light spectrums as per the different classes of crops. The advantages of COB LEDs in horticulture are driving innovation in the market.

Key Chip-on-Board (COB) LED Market Challenge

The development of CSP LEDs will be a major challenge for the chip-on-board (COB) LED market during the forecast period. The CSP LED technology has been studied extensively as it allows a reduction in the LED chip size due to the elimination of the packaging step. This makes the overall cost of production low. Its small factor has made it a major choice to be integrated into smartphones and TV displays to reduce the overall size of the device. Owing to the absence of wired connections, the direct contact with electrodes, and the enhanced heat dissipation ability, CSP LEDs can withstand a higher value of current for the same temperature compared with COB LEDs. This reduces the packaging requirements of CSP LEDs, further reducing manufacturing costs. CSP LEDs are gaining momentum in the global LED market, mainly because of features such as the increased power density at a smaller surface and the optimal use of LED dyes. As a result, several vendors in the market are introducing CSP LED products.

This chip-on-board (COB) LED market analysis report also provides detaiLED information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global chip-on-board (COB) LED market as a part of the global semiconductors market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the chip-on-board (COB) LED market during the forecast period.

Who are the Major Chip-on-Board (COB) LED Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the chip-on-board (COB) LED market encompasses successful business strategies deployed by the key vendors. The chip-on-board (COB) LED market is fragmented and the vendors are deploying growth strategies such as increasing the product or service extensions, M and A, and innovations in technology to compete in the market.

Product Insights and News

Bridgelux Inc. - The company offers chip-on-board LED for a wide range of applications such as general lighting, signage, and automotive.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The chip-on-board (COB) LED market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Chip-on-Board (COB) LED Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the chip-on-board (COB) LED market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the semiconductors market includes the following core components:

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Chip-on-Board (COB) LED Market?

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49% of the market's growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for chip-on-board (COB) LEDs in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand for LEDs in the commercial, residential, and industrial sectors due to rapid urbanization will facilitate the chip-on-board (COB) LED market growth in APAC over the forecast period. This market research report entails detaiLED information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic led to the imposition of lockdowns in many countries. The lockdowns led to the temporary closure of the production units of LEDs, which negatively impacted the sales of COB LEDs in the region in 2020. However, the market is expected to recover during the forecast period as vaccination drives are increasing in the region, resulting in the resumption of industrial activities. Hence, the regional COB LED market is expected to witness growth during the forecast period.

What are the Revenue-generating Application Segments in the Chip-on-Board (COB) LED Market?

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The chip-on-board (COB) LED market share growth by the general lighting segment will be significant during the forecast period. The use of COB LEDs in street lighting and flood lighting is one of the factors driving the growth of the market. COB LED street and flood lighting solutions offer several advantages, including higher light intensity, smaller size, better temperature management, longer product life cycle, and lower price, compared with conventional street/flood lighting solutions such as CFLs and sodium lamps. With the increase in investments in smart city projects across the globe, the adoption of efficient lighting solutions for indoor and outdoor lighting applications is rising. Smart city projects focus on the efficient utilization of resources. COB LEDs are increasingly being used for smart city projects as they are energy-efficient and help in reducing carbon emissions and maintenance costs.

This report provides an accurate prediction of the contribution of all the segments to the growth of the chip-on-board (COB) LED market size and actionable market insights on post COVID-19 impact on each segment.

Chip-on-Board (COB) LED Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 11.4%
Market growth 2022-2026	$ 1.89 billion
Market structure	Fragmented
YoY growth (%)	14.66
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 49%
Key consumer countries	US, China, South Korea, Japan, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiLED	ams AG, Boston Electronics Corp., Bridgelux Inc., Citizen Watch Co. Ltd., Hongli Zhihui Group Co Ltd, Everlight Electronics Co. Ltd., Excelitas Technologies Corp., Lextar Electronics Corp., LG Innotek, Lumens Co. Ltd., Luminus Inc., Mouser Electronics Inc., Neumuller Elektronik GmbH, Nichia Corp., PerkinElmer Inc., Power Palazzo Pvt Ltd., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc. , and Silicon Lightworks LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Chip-on-Board (COB) LED Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive chip-on-board (COB) LED market growth during the next five years
Precise estimation of the chip-on-board (COB) LED market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the chip-on-board (COB) LED industry across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detaiLED information on vendors
Comprehensive details of factors that will challenge the growth of chip-on-board (COB) LED market vendors

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Table of Contents

***1. Executive Summary

**1.1 Market Overview

*Exhibit 01: Key Finding 1

*Exhibit 02: Key Finding 1

*Exhibit 03: Key Finding 2

*Exhibit 04: Key Finding 3

*Exhibit 05: Key Finding 4

*Exhibit 06: Key Finding 5

*Exhibit 07: Key Finding 5

*Exhibit 08: Key finding 6

***2. Market Landscape

**2.1 Market ecosystem

*Exhibit 09: Parent market

*Exhibit 10: Market Characteristics

***3. Market Sizing

**3.1 Market definition

*Exhibit 11: Offerings of vendors included in the market definition

**3.2 Market segment analysis

*Exhibit 12: Market segments

**3.3 Market size 2021

**3.4 Market outlook: Forecast for 2021 - 2026

*Exhibit 13: Global - Market size and forecast 2021-2026 ($ million)

*Exhibit 14: Global - Market size and forecast 2021-2026 ($ million)

*Exhibit 15: Global Market: Year-over-year growth 2021-2026 (%)

*Exhibit 16: Global Market: Year-over-year growth 2021-2026 (%)

***4. Five Forces Analysis

**4.1 Five Forces Summary

*Exhibit 17: Five forces analysis 2021 & 2026

**4.2 Bargaining power of buyers

*Exhibit 18: Bargaining power of buyers

**4.3 Bargaining power of suppliers

*Exhibit 19: Bargaining power of suppliers

**4.4 Threat of new entrants

*Exhibit 20: Threat of new entrants

**4.5 Threat of substitutes

*Exhibit 21: Threat of substitutes

**4.6 Threat of rivalry

*Exhibit 22: Threat of rivalry

**4.7 Market condition

*Exhibit 23: Market condition - Five forces 2021

***5. Market Segmentation by Application

**5.1 Market segments

*The segments covered in this chapter are General lighting, Automotive lighting , and Backlighting.

*Exhibit 24: Application - Market share 2021-2026 (%)

*Exhibit 25: Application - Market share 2021-2026 (%)

**5.2 Comparison by Application

*Exhibit 26: Comparison by Application

*Exhibit 27: Comparison by Application

**5.3 General lighting - Market size and forecast 2021-2026

*Exhibit 28: General lighting - Market size and forecast 2021-2026 ($ million)

*Exhibit 29: General lighting - Market size and forecast 2021-2026 ($ million)

*Exhibit 30: General lighting - Year-over-year growth 2021-2026 (%)

*Exhibit 31: General lighting - Year-over-year growth 2021-2026 (%)

**5.4 Automotive lighting - Market size and forecast 2021-2026

*Exhibit 32: Automotive lighting - Market size and forecast 2021-2026 ($ million)

*Exhibit 33: Automotive lighting - Market size and forecast 2021-2026 ($ million)

*Exhibit 34: Automotive lighting - Year-over-year growth 2021-2026 (%)

*Exhibit 35: Automotive lighting - Year-over-year growth 2021-2026 (%)

**5.5 Backlighting - Market size and forecast 2021-2026

*Exhibit 36: Backlighting - Market size and forecast 2021-2026 ($ million)

*Exhibit 37: Backlighting - Market size and forecast 2021-2026 ($ million)

*Exhibit 38: Backlighting - Year-over-year growth 2021-2026 (%)

*Exhibit 39: Backlighting - Year-over-year growth 2021-2026 (%)

**5.6 Market opportunity by Application

*Exhibit 40: Market opportunity by Application ($ million)

***6. Customer landscape

**6.1 Customer landscape

*Exhibit 41: Customer landscape

***7. Geographic Landscape

**7.1 Geographic segmentation

*The regions covered in this chapter are APAC, Europe, North America, South America, and Middle East and Africa.

*Exhibit 42: Market share by geography 2021-2026 (%)

*Exhibit 43: Market share by geography 2021-2026 (%)

**7.2 Geographic comparison

*Exhibit 44: Geographic comparison

*Exhibit 45: Geographic comparison

**7.3 APAC - Market size and forecast 2021-2026

*Exhibit 46: APAC - Market size and forecast 2021-2026 ($ million)

*Exhibit 47: APAC - Market size and forecast 2021-2026 ($ million)

*Exhibit 48: APAC - Year-over-year growth 2021-2026 (%)

*Exhibit 49: APAC - Year-over-year growth 2021-2026 (%)

**7.4 Europe - Market size and forecast 2021-2026

*Exhibit 50: Europe - Market size and forecast 2021-2026 ($ million)

*Exhibit 51: Europe - Market size and forecast 2021-2026 ($ million)

*Exhibit 52: Europe - Year-over-year growth 2021-2026 (%)

*Exhibit 53: Europe - Year-over-year growth 2021-2026 (%)

**7.5 North America - Market size and forecast 2021-2026

*Exhibit 54: North America - Market size and forecast 2021-2026 ($ million)

*Exhibit 55: North America - Market size and forecast 2021-2026 ($ million)

*Exhibit 56: North America - Year-over-year growth 2021-2026 (%)

*Exhibit 57: North America - Year-over-year growth 2021-2026 (%)

**7.6 South America - Market size and forecast 2021-2026

*Exhibit 58: South America - Market size and forecast 2021-2026 ($ million)

*Exhibit 59: South America - Market size and forecast 2021-2026 ($ million)

*Exhibit 60: South America - Year-over-year growth 2021-2026 (%)

*Exhibit 61: South America - Year-over-year growth 2021-2026 (%)

**7.7 Middle East and Africa - Market size and forecast 2021-2026

*Exhibit 62: Middle East and Africa - Market size and forecast 2021-2026 ($ million)

*Exhibit 63: Middle East and Africa - Market size and forecast 2021-2026 ($ million)

*Exhibit 64: Middle East and Africa - Year-over-year growth 2021-2026 (%)

*Exhibit 65: Middle East and Africa - Year-over-year growth 2021-2026 (%)

**7.8 China - Market size and forecast 2021-2026

*Exhibit 66: China - Market size and forecast 2021-2026 ($ million)

*Exhibit 67: China - Market size and forecast 2021-2026 ($ million)

*Exhibit 68: China - Year-over-year growth 2021-2026 (%)

*Exhibit 69: China - Year-over-year growth 2021-2026 (%)

**7.9 US - Market size and forecast 2021-2026

*Exhibit 70: US - Market size and forecast 2021-2026 ($ million)

*Exhibit 71: US - Market size and forecast 2021-2026 ($ million)

*Exhibit 72: US - Year-over-year growth 2021-2026 (%)

*Exhibit 73: US - Year-over-year growth 2021-2026 (%)

**7.10 Germany - Market size and forecast 2021-2026

*Exhibit 74: Germany - Market size and forecast 2021-2026 ($ million)

*Exhibit 75: Germany - Market size and forecast 2021-2026 ($ million)

*Exhibit 76: Germany - Year-over-year growth 2021-2026 (%)

*Exhibit 77: Germany - Year-over-year growth 2021-2026 (%)

**7.11 South Korea - Market size and forecast 2021-2026

*Exhibit 78: South Korea - Market size and forecast 2021-2026 ($ million)

*Exhibit 79: South Korea - Market size and forecast 2021-2026 ($ million)

*Exhibit 80: South Korea - Year-over-year growth 2021-2026 (%)

*Exhibit 81: South Korea - Year-over-year growth 2021-2026 (%)

**7.12 Japan - Market size and forecast 2021-2026

*Exhibit 82: Japan - Market size and forecast 2021-2026 ($ million)

*Exhibit 83: Japan - Market size and forecast 2021-2026 ($ million)

*Exhibit 84: Japan - Year-over-year growth 2021-2026 (%)

*Exhibit 85: Japan - Year-over-year growth 2021-2026 (%)

**7.13 Market opportunity by geography

*Exhibit 86: Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends

**8.1 Market drivers

*8.1.1 Technological innovations in COB LEDs

*8.1.2 Growing adoption of COB LEDs in smart lighting

*8.1.3 Growing demand from the automotive sector

**8.2 Market challenges

*8.2.1 Development of CSP LEDs

*8.2.2 Emergence of quantum boards

*8.2.3 High import duties

**8.3 Impact of drivers and challenges

*Exhibit 87: Impact of drivers and challenges

**8.4 Market trends

*8.4.1 Adoption of COB LEDs in horticulture

*8.4.2 Development of high-color rendering index (CRI) COB LEDs

*8.4.3 Growing interest in human-centric lighting

***9. Vendor Landscape

**9.1 Overview

**9.2 Vendor landscape

*Exhibit 88: Vendor landscape

**9.3 Landscape disruption

*Exhibit 89: Landscape disruption

**9.4 Industry risks

*Exhibit 90: Industry risks

***10. Vendor Analysis

**10.1 Vendors covered

*Exhibit 91: Vendors covered

**10.2 Market positioning of vendors

*Exhibit 92: Market positioning of vendors

**10.3 Bridgelux Inc.

*Exhibit 93: Bridgelux Inc. - Overview

*Exhibit 94: Bridgelux Inc. - Product / Service

*Exhibit 95: Bridgelux Inc. - Key offerings

**10.4 Citizen Watch Co. Ltd.

*Exhibit 96: Citizen Watch Co. Ltd. - Overview

*Exhibit 97: Citizen Watch Co. Ltd. - Business segments

*Exhibit 98: Citizen Watch Co. Ltd. - Key offerings

*Exhibit 99: Citizen Watch Co. Ltd. - Segment focus

**10.5 Hongli Zhihui Group Co Ltd

*Exhibit 100: Hongli Zhihui Group Co Ltd - Overview

*Exhibit 101: Hongli Zhihui Group Co Ltd - Product / Service

*Exhibit 102: Hongli Zhihui Group Co Ltd - Key offerings

**10.6 Everlight Electronics Co. Ltd.

*Exhibit 103: Everlight Electronics Co. Ltd. - Overview

*Exhibit 104: Everlight Electronics Co. Ltd. - Business segments

*Exhibit 105: Everlight Electronics Co. Ltd. - Key offerings

*Exhibit 106: Everlight Electronics Co. Ltd. - Segment focus

**10.7 Excelitas Technologies Corp.

*Exhibit 107: Excelitas Technologies Corp. - Overview

*Exhibit 108: Excelitas Technologies Corp. - Product / Service

*Exhibit 109: Excelitas Technologies Corp. - Key offerings

**10.8 Lextar Electronics Corp.

*Exhibit 111: Lextar Electronics Corp. - Business segments

*Exhibit 112: Lextar Electronics Corp. - Key offerings

*Exhibit 113: Lextar Electronics Corp. - Segment focus

**10.9 LG Innotek

*Exhibit 114: LG Innotek - Overview

*Exhibit 115: LG Innotek - Business segments

*Exhibit 116: LG Innotek - Key news

*Exhibit 117: LG Innotek - Key offerings

*Exhibit 118: LG Innotek - Segment focus

**10.10 Lumens Co. Ltd.

*Exhibit 119: Lumens Co. Ltd. - Overview

*Exhibit 120: Lumens Co. Ltd. - Product / Service

*Exhibit 121: Lumens Co. Ltd. - Key offerings

**10.11 Luminus Inc.

*Exhibit 122: Luminus Inc. - Overview

*Exhibit 123: Luminus Inc. - Product / Service

*Exhibit 124: Luminus Inc. - Key offerings

**10.12 SMART Global Holdings Inc.

*Exhibit 125: SMART Global Holdings Inc. - Overview

*Exhibit 126: SMART Global Holdings Inc. - Business segments

*Exhibit 127: SMART Global Holdings Inc. - Key offerings

*Exhibit 128: SMART Global Holdings Inc. - Segment focus

***11. Appendix

**11.1 Scope of the report

*11.1.1 ????Market definition

*11.1.2 Objective

*11.1.3 Notes and caveats

**11.2 Inclusions and exclusions checklist

*Exhibit 129: Inclusions checklist

**11.3 Currency conversion rates for US$

*Exhibit 130: Currency conversion rates for US$

**11.4 Research Methodology

*Exhibit 131: Research Methodology

*Exhibit 132: Validation techniques employed for market sizing

*Exhibit 133: Information sources

**11.5 List of abbreviations

*Exhibit 134: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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