Chip-on-Board (COB) Light-Emitting Diode (LED) Market 2019 Emerging Technology, Global Size, Industry Share, Business Growth, Sales Revenue, Current Statistics and Forecast 2023
                     Chip-on-Board (COB) Light-Emitting Diode 
(LED) Market Research Report By Forecast 
to 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Chip-on-Board (COB) Light-Emitting Diode (LED) Market 
Market Research Future (MRFR) estimates in its latest report that the global chip-on-board (COB) light-emitting diode (LED) market value 
in 2017 was USD 2,010.5 million, which can touch USD 5,261.8 million by 2023. MRFR believes that the market has the potential to 
achieve a strong growth rate of 17.88% during the forecast period (2018-2023).
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Chip-on-Board (COB) Light-Emitting Diode (LED) Market 
“Taste the market data and market information presented through more than 50 market data tables 
and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content 
TOC & market synopsis on Internet of Chip-on-Board (COB) Light-Emitting Diode (LED) Market Forecast 
To 2023”
Smart LEDs have gained massive traction in recent years, as they let the users have control over their switching mode, color, and 
brightness with the use of mobile applications. The demand for LED lighting solutions has risen significantly in recent years, on account 
of surging investments in the development of smart cities as well as the rising adoption of energy-efficient lighting systems in 
streetlights, residential, and public office buildings. With the aim of attaining miniaturized design along with high light intensity from 
smart lighting applications, manufacturers are now concentrating on adopting a higher number of COB LEDs. Therefore, the increasing 
adoption of COB LED in smart lighting is expected to be one of the chief reasons behind the strong growth expected for the 
chip-on-board LED market in the following years. 
Furthermore, the growing adoption of COB LEDs in horticulture is also projected to induce market growth in the near future. 
Horticulture refers to the cultivation of vegetables, medicinal plants, fruits, and ornamental trees under LED, high-pressure sodium 
lighting as well as CFL. Given their technical and designing advantages, COB LEDs have gained more favor in the market compared to 
other LED options. 
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Chip-on-Board (COB) Light-Emitting Diode (LED) Market 
Regional Analysis
The geographical distribution of the chip-on-board LED market has been conducted with reference to North America, Asia Pacific (APAC), 
Europe, and the rest of the world (RoW), which consists of the Middle East, Latin America as well as Africa.
APAC can have the most profitable run in the global chip-on-board LED market in the given timeframe, estimate data experts. The region 
is set to garner the largest share, with respect to product manufacturing and usage. Developing countries like South Korea, China, and 
Taiwan form the biggest market in the region, thanks to the high concentration of renowned vendors like Seoul Semiconductor, Samsung 
Electronics, and Citizen Electronics among others. These companies boast of a large customer base not just in APAC but also across the 
globe. China shows a massive potential of becoming the strongest market for chip onboard LED in the region, on account of the intense 
government efforts like subsidies and incentives that help drive the domestic production capacity. 
North America is a highly developed region that has a high possibility of achieving the second position in the global chip-on-board LED 
market, with Europe coming in third. Both the regions are strong contenders in the market, thanks to the high number of installations in 
automotive and retail lighting. The regions also benefit from the surging investment in infrastructure as well as the rapid technological 
advancements. The vendors in these regions are striving to release IoT solutions to back their smart lighting systems. The strong demand 
for smart lighting systems in the regions has been the result of the sizeable investments in the emergence of smart cities. Moreover, the 
intense efforts being put by the government to boost the adoption of efficient lighting systems also stimulates market growth in both 
regions. 
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Chip-on-Board (COB) Light-Emitting Diode (LED) Market 
Application & Major Players in this Research:
Chip-on-Board (COB) Light-Emitting Diode (LED) Market Prominent Players:
• Everlight Electronics Co. Ltd. (Taiwan), 
• Lumens Co., Ltd. (South Korea), 
• Seoul Semiconductor Co. Ltd. (South Korea), 
• GE Lighting (US), LG Innotek Co. Ltd. (South Korea),
•  Osram Opto Semiconductors GmbH (Germany), 
• Samsung Electronics Co. Ltd. (South Korea), 
• Philips Lumileds Lighting Co. (Netherlands), 
• Citizen Electronics Co. Ltd. (Japan), 
• Cree Inc. (US)
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Chip-on-Board (COB) Light-Emitting Diode (LED) Market 
Chip-on-Board (COB) Light-Emitting Diode (LED) Market Segmented on the basis of
Segment:
The market segmentation of chip onboard LED covers material and application.
With respect to the material segment, the market consists of MCPCB and ceramic. Ceramic is the most used material for 
substrate, given its higher thermal performance.
Considering the application segment, the market covers backlighting, automotive lighting general lighting, and others. General 
lighting can be split into commercial, industrial and residential while backlighting comprises segments like tablets, smartphones, 
televisions, monitors, and others. The automotive lighting-based segments in the chip-on-board LED market are interior lighting 
and exterior lighting.
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