Chip-on-Board LED Market Size, Share, and Trends 2024 to 2034

The global chip-on-board LED market size is calculated at USD 3.67 million in 2025 and is forecasted to reach around USD 12.52 million by 2034, accelerating at a CAGR of 14.62% from 2025 to 2034. The Asia Pacific market size surpassed USD 1.44 million in 2024 and is expanding at a CAGR of 14.74% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 5902
  • Category : Semiconductor and Electronic

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Chip-on-Board LED Market 

5.1. COVID-19 Landscape: Chip-on-Board LED Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Chip-on-Board LED Market, By Product

8.1. Chip-on-Board LED Market, by Product

8.1.1 COB LED Modules

8.1.1.1. Market Revenue and Forecast

8.1.2. COB LED Arrays

8.1.2.1. Market Revenue and Forecast

8.1.3. COB LED Components

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global Chip-on-Board LED Market, By Substrate Material

9.1. Chip-on-Board LED Market, by Substrate Material

9.1.1. Ceramic Substrates

9.1.1.1. Market Revenue and Forecast

9.1.2. Metal Core PCBs

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Chip-on-Board LED Market, By Application

10.1. Chip-on-Board LED Market, by Application

10.1.1. Illumination

10.1.1.1. Market Revenue and Forecast

10.1.2. Automotive

10.1.2.1. Market Revenue and Forecast

10.1.3. Backlight

10.1.3.1. Market Revenue and Forecast

10.1.4. Others

10.1.4.1. Market Revenue and Forecast

Chapter 11. Global Chip-on-Board LED Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product

11.1.2. Market Revenue and Forecast, by Substrate Material

11.1.3. Market Revenue and Forecast, by Application

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product

11.1.4.2. Market Revenue and Forecast, by Substrate Material

11.1.4.3. Market Revenue and Forecast, by Application

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product

11.1.5.2. Market Revenue and Forecast, by Substrate Material

11.1.5.3. Market Revenue and Forecast, by Application

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product

11.2.2. Market Revenue and Forecast, by Substrate Material

11.2.3. Market Revenue and Forecast, by Application

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product

11.2.4.2. Market Revenue and Forecast, by Substrate Material

11.2.4.3. Market Revenue and Forecast, by Application

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product

11.2.5.2. Market Revenue and Forecast, by Substrate Material

11.2.5.3. Market Revenue and Forecast, by Application

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product

11.2.6.2. Market Revenue and Forecast, by Substrate Material

11.2.6.3. Market Revenue and Forecast, by Application

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product

11.2.7.2. Market Revenue and Forecast, by Substrate Material

11.2.7.3. Market Revenue and Forecast, by Application

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product

11.3.2. Market Revenue and Forecast, by Substrate Material

11.3.3. Market Revenue and Forecast, by Application

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product

11.3.4.2. Market Revenue and Forecast, by Substrate Material

11.3.4.3. Market Revenue and Forecast, by Application

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product

11.3.5.2. Market Revenue and Forecast, by Substrate Material

11.3.5.3. Market Revenue and Forecast, by Application

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product

11.3.6.2. Market Revenue and Forecast, by Substrate Material

11.3.6.3. Market Revenue and Forecast, by Application

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product

11.3.7.2. Market Revenue and Forecast, by Substrate Material

11.3.7.3. Market Revenue and Forecast, by Application

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product

11.4.2. Market Revenue and Forecast, by Substrate Material

11.4.3. Market Revenue and Forecast, by Application

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product

11.4.4.2. Market Revenue and Forecast, by Substrate Material

11.4.4.3. Market Revenue and Forecast, by Application

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product

11.4.5.2. Market Revenue and Forecast, by Substrate Material

11.4.5.3. Market Revenue and Forecast, by Application

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product

11.4.6.2. Market Revenue and Forecast, by Substrate Material

11.4.6.3. Market Revenue and Forecast, by Application

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product

11.4.7.2. Market Revenue and Forecast, by Substrate Material

11.4.7.3. Market Revenue and Forecast, by Application

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product

11.5.2. Market Revenue and Forecast, by Substrate Material

11.5.3. Market Revenue and Forecast, by Application

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product

11.5.4.2. Market Revenue and Forecast, by Substrate Material

11.5.4.3. Market Revenue and Forecast, by Application

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product

11.5.5.2. Market Revenue and Forecast, by Substrate Material

11.5.5.3. Market Revenue and Forecast, by Application

Chapter 12. Company Profiles

12.1. Bridgelux, Inc

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. WOLFSPEED, INC.,

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. EPISTAR Corporation

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. EVERLIGHT ELECTRONICS CO., LTD.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. SAVANT TECHNOLOGIES LLC (GE Lighting)

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Lextar Electronics Corporation

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Lumileds Holding B.V.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. NICHIA CORPORATION

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. NICHIA CORPORATION

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. ams-OSRAM AG

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global chip-on-board LED market size is expected to grow from USD 3.20 million in 2024 to USD 12.52 million by 2034.

The chip-on-board LED market is anticipated to grow at a CAGR of 14.62% between 2025 and 2034.

The major players operating in the chip-on-board LED market are Bridgelux, Inc, WOLFSPEED, INC., EPISTAR Corporation, EVERLIGHT ELECTRONICS CO., LTD., SAVANT TECHNOLOGIES LLC (GE Lighting), Lextar Electronics Corporation, Lumileds Holding B.V., NICHIA CORPORATION, ams-OSRAM AG, Signify Holding, SAMSUNG, Seoul Semiconductor Co., Ltd., and Others.

The driving factors of the chip-on-board LED market are the rising use of IoT-enabled devices, coupled with the ongoing shift toward solid-state lighting technologies, can fuel market growth further.

Asia Pacific region will lead the global chip-on-board LED market during the forecast period 2025 to 2034.

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