Chip-On-Board Light Emitting Diodes (COB LEDs) - Global Strategic Business Report

The global market for Chip-On-Board Light Emitting Diodes (COB LEDs) is estimated at US$3.3 Billion in 2023 and is projected to reach US$6.4 Billion by 2030, growing at a CAGR of 9.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The expanding application of COB LEDs is supported by technological innovations and evolving market demands. Their integration into smart lighting systems and IoT applications underscores their compatibility with advanced control systems and smart technologies. COB LEDs are favored in markets that demand high color accuracy, such as retail displays and medical lighting, where precise color differentiation is crucial. Furthermore, global energy regulations pushing for reduced consumption and higher efficiency favor the adoption of COB LEDs, aligning with consumer preferences for high-quality, energy-efficient lighting solutions. The adaptability of COB LEDs to smaller, more compact lighting solutions also caters to emerging markets such as wearable technology, UV disinfection applications, and horticultural lighting, broadening their scope and application. This convergence of technological advancement, regulatory compliance, and consumer demand ensures that COB LEDs continue to play a pivotal role in the evolution of lighting technologies, catering to a diverse array of modern lighting needs.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Outdoor Lighting Application segment, which is expected to reach US$1.8 Billion by 2030 with a CAGR of a 10.3%. The Residential Application segment is also set to grow at 11.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $895.2 Million in 2023, and China, forecasted to grow at an impressive 13.8% CAGR to reach $1.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Chip-On-Board Light Emitting Diodes (COB LEDs) Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Chip-On-Board Light Emitting Diodes (COB LEDs) Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Chip-On-Board Light Emitting Diodes (COB LEDs) Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Acuity Brands Lighting Inc., Bridgelux Inc., Citizen Electronics Co. Ltd., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 53 Featured):

• Acuity Brands Lighting Inc.
• Bridgelux Inc.
• Citizen Electronics Co. Ltd.
• Cree Inc.
• Everlight Electronics Co. Ltd.
• Excelitas Technologies® Corp.
• General Electric Company
• Havells India Limited
• LEDVANCE GmbH
• Leiso Lighting (Dongguan) Tech. Limited
• Lextar Electronics Corporation
• LG Innotek
• Lumileds Holding B.V.
• Nichia Corporation
• OSRAM Licht AG
• Samsung Electronics Co., Ltd.
• Seoul Semiconductor Co. Ltd.
• Sharp Corporation
• Tridonic GmbH & Co KG
• Zumtobel Group AG