The chip on board light emitting diodes market was valued at $1.87 billion in 2022 and is estimated to reach $5.48 billion by 2032, exhibiting a CAGR of 11.76% from 2023 to 2032. Chip on board light emitting diodes is a sort of LED package in which the LED chips are directly glued to a PCB or a substrate instead of using regular LED packages. As there are no separate packages, the LED module is more compact and low-profile.
The chip on board light emitting diodes market has grown gradually owing to rise in demand for energy-efficient lighting solutions in a variety of applications including general illumination, automotive lighting, display backlighting, and horticultural lighting. The market is expected to expand further as more industries use COB LED technology. Chip on board light emitting diodes enhances typical LED packages in terms of light output, heat management, color consistency, reliability, and system complexity. Owing to these advantages, it is considered an appealing alternative for applications that demand great brightness, compact size, and outstanding performance.
Chip on board light emitting diodes is used in a variety of lighting applications, such as residential & commercial lighting, outdoor illumination, automotive lighting, and specialty lighting. Chip on board light emitting diodes makes exceptional lumen density and its compact form makes it appropriate for a wide range of lighting fixtures and applications requiring high-quality and efficient illumination.
The automobile sector has been a major driving force in the chip on board light emitting diodes market. Owing to its brightness, compactness, and improved thermal management, chip on board light emitting diodes are utilized in vehicle headlights, taillights, indicators, and interior illumination. The increased need for energy-efficient lighting solutions in automobiles encourages the use of chip on board light emitting diodes technology.
For the purpose of analysis, the chip on board light emitting diodes market scope covers segmentation on the basis of material, application, and region. On the basis of material, it is categorized into MCPCB and ceramic. On the basis of application, it is fragmented into automotive, illumination, and backlighting. Region wise, the chip on board light emitting diodes market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the chip on board light emitting diodes market include Nichia Corporation, OSRAM GmbH, Samsung Electronics Co Ltd, Citizen Electronics Co., Ltd, Everlight Electronics Co., Ltd., PerkinElmer, Inc., ProPhotonix Limited, Cree LED, Inc., and Seoul Semiconductor Co., Ltd.
The chip on board light emitting diodes market has grown gradually owing to rise in demand for energy-efficient lighting solutions in a variety of applications including general illumination, automotive lighting, display backlighting, and horticultural lighting. The market is expected to expand further as more industries use COB LED technology. Chip on board light emitting diodes enhances typical LED packages in terms of light output, heat management, color consistency, reliability, and system complexity. Owing to these advantages, it is considered an appealing alternative for applications that demand great brightness, compact size, and outstanding performance.
Chip on board light emitting diodes is used in a variety of lighting applications, such as residential & commercial lighting, outdoor illumination, automotive lighting, and specialty lighting. Chip on board light emitting diodes makes exceptional lumen density and its compact form makes it appropriate for a wide range of lighting fixtures and applications requiring high-quality and efficient illumination.
The automobile sector has been a major driving force in the chip on board light emitting diodes market. Owing to its brightness, compactness, and improved thermal management, chip on board light emitting diodes are utilized in vehicle headlights, taillights, indicators, and interior illumination. The increased need for energy-efficient lighting solutions in automobiles encourages the use of chip on board light emitting diodes technology.
For the purpose of analysis, the chip on board light emitting diodes market scope covers segmentation on the basis of material, application, and region. On the basis of material, it is categorized into MCPCB and ceramic. On the basis of application, it is fragmented into automotive, illumination, and backlighting. Region wise, the chip on board light emitting diodes market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the chip on board light emitting diodes market include Nichia Corporation, OSRAM GmbH, Samsung Electronics Co Ltd, Citizen Electronics Co., Ltd, Everlight Electronics Co., Ltd., PerkinElmer, Inc., ProPhotonix Limited, Cree LED, Inc., and Seoul Semiconductor Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chip on board light emitting diodes market analysis from 2022 to 2032 to identify the prevailing chip on board light emitting diodes market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the chip on board light emitting diodes market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global chip on board light emitting diodes market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Material
- MCPCB
- Ceramic
By Application
- Backlighting
- Illumination
- Automotive
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- CITIZEN ELECTRONICS CO., LTD
- Cree LED, Inc.
- EVERLIGHT ELECTRONICS CO., LTD.
- Nichia Corporation
- OSRAM GmbH
- PerkinElmer, Inc.
- ProPhotonix Limited
- Samsung Electronics Co Ltd
- Seoul Semiconductor Co., Ltd
- Tridonic
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CHIP ON BOARD LIGHT EMITTING DIODES MARKET, BY MATERIAL
CHAPTER 5: CHIP ON BOARD LIGHT EMITTING DIODES MARKET, BY APPLICATION
CHAPTER 6: CHIP ON BOARD LIGHT EMITTING DIODES MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the chip on board light emitting diodes market was valued at $1.9 billion in 2022, and is estimated to reach $5.5 billion by 2032, growing at a CAGR of 11.8% from 2023 to 2032.Chip on board light emitting diodes is a type of technology where several LED chips are directly placed and bonded onto a substrate or circuit board to produce a single, highly efficient LED light source.
The rapid growth of e-commerce. Online shopping's convenience and the development of digital technology have caused an increase in e-commerce activity in a variety of industries. Nowadays, customers prefer the simplicity of browsing and purchasing goods online, which has boosted rivalry among companies to build up a strong online presence. Additionally, this tendency was intensified by the COVID-19 epidemic as more individuals started buying online to follow their social isolation rules. In order to fulfil the increasing demand and maintain their competitiveness in the changing market environment, businesses are making investments in improving their digital platforms, logistics, and last-mile delivery services.
The increasing importance of environmental awareness and sustainability. Consumers are increasingly looking for environmentally friendly and sustainably produced goods and services as climate change and environmental problems gain prominence. Companies are being compelled by this change in customer tastes to embrace sustainable practices, lower their carbon footprints, and integrate eco-friendly programs into their daily operations. Businesses that show a dedication to sustainability frequently see an improvement in their brand reputation, higher consumer loyalty, and increased overall market share. Light-emitting diodes (LEDs) that are chip on board (COB) are often utilised in backlighting applications for a variety of gadgets, including LED TVs, computer displays, and mobile devices. They are perfect for providing uniform lighting over the display screen because of their small size, great brightness, and outstanding thermal performance, which guarantees an enjoyable and immersive viewing experience. Direct mounting of COB LEDs onto the substrate during backlighting enables effective heat dissipation, extending the life and dependability of the LEDs.
Chip on board light emitting diodes are essential for effectively driving COB LEDs in backlighting applications. These drivers are in charge of turning the incoming electrical power source, whether it be AC or DC, into the proper voltage and current needed to safely and effectively power the COB LEDs.
In recent years, ceramic LED technology has been increasingly popular because of its superior thermal performance, high durability, and design flexibility. Ceramic LED drivers are designed to maximise energy efficiency and provide flexible illumination options for a variety of applications. These drivers guarantee a longer LED lifespan and lower maintenance costs by effectively dispersing heat via the ceramic substrate. Ceramic LEDs are also suited for a variety of industries, including general lighting, automotive, horticulture, and consumer electronics, due to its design versatility, which enables producers to customise lamp outputs, colour temperatures, and beam angles to match requirements. Chip on Board (COB) light-emitting diodes (LEDs) are widely used as backlighting in a variety of products, including mobile phones, computer displays, and LED TVs. It is possible to provide even illumination over the display screen with COB LEDs' better uniformity, less heat dissipation, and greater brightness in backlighting applications. The drivers used in COB LED backlighting are crucial parts that transform the electrical power source into the right voltage and current needed to run the COB LEDs effectively and consistently. These drivers make sure that the LEDs receive steady and consistent power, eliminating flickering and colour changes and shielding them from voltage swings or damage from overcurrent conditions.
The global chip on board light emitting diodes market is segmented into material, application, and region. On the basis of material, it is categorized into MCPCB and ceramic. On the basis of application, it is fragmented into automotive, illumination, and backlighting. Region wise, the chip on board light emitting diodes market trends is analyzed across North America (U. S., Canada, and Mexico), Europe (Germany, France, the UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global chip on board light emitting diodes market players that have been provided in the report Nichia Corporation, OSRAM GmbH, Samsung Electronics Co Ltd, Citizen Electronics Co., Ltd, Everlight Electronics Co., Ltd., PerkinElmer, Inc., ProPhotonix Limited, Cree LED, Inc., and Seoul Semiconductor Co., Ltd. For instance, in April 2023, ProPhotonix (IRL) Ltd., expanded its production capacity in Cork following an investment of $520,000. In addition to almost doubling capacity at the Little Island facility, this investment also increased production flexibility enabling ProPhotonix to deliver its LED lights faster for its diverse customer base.
Key Market Insights
By material, the ceramic segment is estimated to reach $3.61 billion by 2032, with a CAGR of 12.11% during the forecast period.By application, the backlighting segment was the highest revenue contributor to the market, with a significant CAGR of 12.73% during the forecast period.
Based on region, Asia-Pacific was the highest revenue contributor, accounting for largest revenue in 2022, and is estimated to reach $2.69 billion by 2032, with a CAGR of 11.97%.
Companies Mentioned
- CITIZEN ELECTRONICS CO., LTD
- Cree LED, Inc.
- EVERLIGHT ELECTRONICS CO., LTD.
- Nichia Corporation
- OSRAM GmbH
- PerkinElmer, Inc.
- ProPhotonix Limited
- Samsung Electronics Co Ltd
- Seoul Semiconductor Co., Ltd
- Tridonic
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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