Chip-on-Board LED Market Size, Share and Trends 2026 to 2035

Revenue, 2025

USD 3.67 Bn

Forecast Year, 2035

USD 13.98 Bn

CAGR, 2026 - 2035

14.31%

Report Coverage

Global

What is the Chip-on-Board LED Market Size?

The global chip-on-board LED market size accounted for USD 3.67 billion in 2025 and is predicted to increase from USD 4.20 billion in 2026 to approximately USD 13.98 billion by 2035, expanding at a CAGR of 14.31% from 2026 to 2035. The increasing demand for energy-efficient lighting sources is the key factor driving the growth of the market. Also, the rising use of IoT-enabled devices, coupled with the ongoing shift toward solid-state lighting technologies, can fuel market growth further.

Chip-on-Board LED Market Key Takeaways

• Asia Pacific dominated the chip-on-board LED market with the largest share of 45% in 2025.
• Middle East and Africa are expected to grow at the fastest CAGR of 16.1% during the projected period.
• By product, the COB LED modules segment contributed the biggest market share of 42% in 2025.
• By product, the COB LED array segment is anticipated to grow at the fastest rate over the forecast period.
• By substrate material, the ceramic substrates segment led the market in 2025.
• By substrate material, the metal core PCBs segment is anticipated to show the fastest growth over the forecast period.
• By application, the illumination segment held the major market share of 49% in 2025.
• By application, the automotive segment is estimated to witness the fastest growth over the projected period.

Market Overview

The chip-on-board LED market is an industry that emphasizes LED packaging technology, where a number of LED chips are mounted directly on a PCB or substrate, forming a uniform and single light source. The market further encompasses the manufacturing, distribution, and application of COB LED-related components and modules such as substrates, adhesives, and phosphor coatings. This LED creates better color-mixing and lighting effects, hence improving the overall consumer experience.

Impact of Artificial Intelligence (AI) on Chip Design

Artificial Intelligence powered chip design improves the performance of consumer electronics by improving hardware for AI use to enable more intelligent and faster devices. The chip-on-board LED market growth will be boosted by increasing utilization of AI in consumer electronics and healthcare and growing funding in AI research and development. Furthermore, AI-powered analytics are optimizing design and production processes, which leads to enhanced efficiency and significant reductions in manufacturing costs.

• In December 2024, Silicon Valley startup d-Matrix received USD 160 million in funding, including an investment from Microsoft's venture capital arm MSFT.O, for a new AI chip it expects to deliver by next year. Based in Santa Clara, CA, and backed by the tech giant Microsoft, d-Matrix has invited customers to test its new AI inference hardware, Corsair, which is focused on generative models' interactions with end users.

Chip-on-Board LED Market Growth Factors

• Innovations in COB LED technology, especially in tunable lighting and thermal management, are expected to boost chip-on-board LED market growth soon.
• Most market players are working on launching COB LEDs with customizable lighting capabilities which can propel market growth shortly.
• Substantial cost-cutting in developing this product will likely contribute to market expansion over the forecast period.

Market Scope

Market Dynamics

Drivers

Growing demand for energy-convenient lighting solutions

There is an increasing demand for energy-efficient lighting solutions that can reduce operational costs and energy usage, fueling the demand for r COB LEDs. In addition, these LEDs are becoming popular in many applications such as commercial, residential, and industrial lighting as the focus on sustainability and energy conservation grows. COB LED market players are focusing on improving the intensity and quality of light created by COB LEDs.

• In March 2025, Bridgelux, a global leader in LED innovation, expands its renowned Chip-on-Board (COB) product line with the launch of DriveLux™ - a revolutionary series of Light Engine products. By seamlessly integrating COB technology with an advanced driver, DriveLux™ redefines lighting solutions with its compact, replaceable design, exceptional CRI90 efficacy, and versatile mounting options.

Restraint

Complex thermal management process

COB LEDs generate a lot of heat during operation. Hence, effective heat dissipation is important for maintaining maximum performance and reliability. Monitoring thermal issues, particularly in applications with limited ventilation and high ambient temperatures, can pose a hurdle to market growth. Moreover, the production process for COB LEDs is complex, which can lead to higher manufacturing costs, further hindering the chip-on-board LED market.

Opportunity

Growing adoption of COB LEDs in horticulture

The chip-on-board LED market is experiencing substantial growth, fueled by innovations in energy-efficient lighting solutions. The latest trend in the market is the growing adoption of COB LEDs in horticulture and automotive lighting. Furthermore, in the automotive industry, these LEDs are gaining traction due to their compact design and higher brightness, facilitating better illumination in automobile taillights and headlights.

• In May 2024, Daktronics of Brookings released its Flip-Chip COB LED display technology worldwide. The company's latest addition to its Narrow Pixel Pitch (NPP) product family brings tighter pixel spacings ranging from 1.8 millimeters to 0.9 millimeters with increased durability and reliability combined with lower power consumption for an overall improved experience for customers.

Segment Insights

Product Insights

The COB LED modules segment dominated the chip-on-board LED market in 2025. The dominance of the segment can be attributed to the increasing demand for these products in the residential sector. COB LED technology includes the mounting of various LED chips onto a substrate to form a cohesive single lighting module. Additionally, the growing demand for energy-efficient lighting along with the higher quality of COB LED output, particularly in applications such as food and street lighting, can impact segment growth positively.

The COB LED arrays segment is anticipated to grow at the fastest rate over the forecast period. The growth of the segment can be credited to the ongoing integration of COB LEDs in many applications and their higher performance characteristics, such as high efficiency and brightness. Also, COB LED arrays can get a better color-rendering index (CRI) than conventional LEDs. The rising global focus on decreasing carbon emissions with energy conservation is the major impacting factor for segment expansion.

• In January 2024, Cree LED, an SGH company, and Current Lighting Solutions, LLC, announced a patent license agreement, effective October 2022, with respect to Current's patents related to KSF red phosphor. This license covers Cree LED products featuring Pro9™ technology, which utilizes Potassium Fluoride Silicon.

Substrate Material Insights

The ceramic substrates segment will lead the chip-on-board LED market in 2025. The dominance of the segment can be linked to the thermal stability, high durability, and light output efficacy of ceramic-based COB LEDs. Moreover, ceramic substrates have greater thermal conductivity than other materials, allowing for more effective heat dissipation with higher power densities. Improved resistance capacity for high temperature, humidity, and other environmental factors has resulted in the increasing utilization of ceramic-based COB LEDs globally.

The metal core PCBs segment is anticipated to show the fastest growth over the forecast period. The growth of the segment can be driven by the growing need for energy-efficient lighting, particularly LEDs, which depend on MCPCBs for efficient heat dissipation coupled with the expansion of automotive and smart lighting segments. Furthermore, copper is a common material in MCPCBs, providing excellent thermal and electrical conductivity, which makes it ideal for high-functioning applications.

Application Insights

The illumination segment dominated the chip-on-board LED market by holding the largest market share. The dominance of the segment is due to the rise of smart homes and smart cities, coupled with government regulations supporting sustainable practices. In addition, the surge in smart cities and green building initiatives across the globe is fueling the demand for energy-efficient lighting solutions in commercial and residential sectors.

The automotive segment is estimated to witness the fastest growth over the projected period. The growth of the segment is owing to the increasing adoption of COB LEDs in the automobile industry. COB LEDs are widely utilized in ambient lighting, dashboards, taillights, turn indicators, and headlights. The main benefits of COB LEDs over other options include improved safety and visibility with more uniform light output and aesthetics.

Regional Insights

What is the Asia Pacific Chip-on-Board LED Market Size?

The Asia Pacific chip-on-board LED market size was exhibited at USD 1.65 billion in 2025 and is projected to be worth around USD 6.38 billion by 2035, growing at a CAGR of 14.48% from 2026 to 2035.

Asia Pacific held the largest chip-on-board LED market share in 2025. The dominance of the region can be attributed to the growing COB LED manufacturing in South Korea and China, coupled with the ongoing technological advancements in COB LED technology. Moreover, the region also benefits from strong production capabilities and an increasing demand for more sophisticated lighting solutions. All these factors position Asia-Pacific as a leading player in the market.

• In May 2024, ams-OSRAM AG introduced its high-power horticulture LED, the OSCONIQ P 3737. This LED is designed to deliver energy efficiency and stable photon flux for plants and vegetables, helping reduce greenhouse energy costs. It also improves photosynthesis rates, shortens harvest cycles, and boosts crop yield.

In Asia Pacific, India is anticipated to grow at a significant rate over the studied period. The growth of the market in the country is mainly driven by rapid urbanization and rising adoption of COB LED products in commercial buildings and industrial sites. Also, the growing awareness regarding efficient energy solutions and climate change is boosting the demand for this product in the country.

What are the Advancements in the Chip-on-Board LED Market in North America?

North America is expected to witness a significant amount of growth throughout the forecast years, driven by increasing demand for energy-efficient lighting solutions and advancements in smart lighting technologies. Regulatory support, such as energy efficiency standards from the Department of Energy, further boosts market expansion. The region also has a strong focus on sustainability and reduced carbon footprint, which is propelling market adoption. Countries such as the U.S. and Canada are leading players.

U.S. Market Trends

The country is witnessing significant investments being made in R&D and innovation. Companies are increasingly focusing on enhancing product performance and expanding their portfolios to meet diverse consumer needs.

What are the Key Trends in the Chip-on-Board LED Market in Latin America?

Latin America is expected to witness substantial growth over the studied period. This growth is driven by increasing urbanization efforts, rising disposable incomes, and a growing focus on energy-efficient lighting solutions. Countries like Brazil and Mexico are leading players in the region as they are supported by government initiatives promoting LED adoption and energy conservation. The demand is high for various applications, including automotive and general lighting.

Brazil Market Trends

The country's market landscape is characterized by a mix of established players and emerging companies, which helps in fostering innovation and price competition. The region's focus on smart lighting technologies and sustainable practices is expected to further boost market adoption in the upcoming years.

How is Europe Growing in the Chip-on-Board Market?

Europe is considered to be a significantly growing area, due to energy efficiency regulations and the growing demand for high-intensity lighting. Countries like the UK, France, and Germany are at the forefront of developing advanced chip-on-board LED technology in the region. The expanding applications of chip-on-board LED technology across various sectors in Europe, such as automotive, smart lighting, and industrial sectors, contribute to market growth. Rapid industrialization and the increasing manufacturing of electric vehicles also augment the market.

Germany Market Trends

Germany holds a major market share in Europe, driven by the burgeoning automotive sector and favorable government policies. Stringent regulations related to reducing carbon footprints through improved, efficient lighting. Key players, such as OSRAM GmbH, Prophotonix, and Wurth Elektronik, are major contributors to market growth.

The Middle East and Africa are expected to grow at the fastest rate in the chip-on-board LED market during the projected period. The growth of the region can be credited to the stringent environment-associated norms in many economies, which have led to the widespread adoption of sustainable practices in the market. Furthermore, the automobile sector is highly developed in Middle Eastern countries, which facilitates raised awareness regarding the advantages of COB LEDs in various automotive parts.

In Middle East and Africa, UAE is expected to witness significant growth owing to the stringent regulations regarding using conventional lighting sources along with supportive government policies like tax breaks and subsidies for energy-efficient lighting solutions.

Chip-on-Board LED Market Companies

• 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.

Latest Announcements by Market Leaders

• In February 2025, Ennostar announced the merger of its subsidiaries Epistar and Lextar Electronics under the unified brand of Ennostar Corporation to sharpen its focus on optical semiconductors.TrendForce reports that Ennostar achieved a revenue of USD 760 million in 20204, ranking fifth among global LED manufacturers with both chip and packaging capabilities.

Segments Covered in the Report

By Product

• COB LED Modules
• COB LED Arrays
• COB LED Components

By Substrate Material

• Ceramic Substrates
• Metal Core PCBs

By Application

• Illumination
  
  • Residential
  • Office Space
  • Industrial
  • Shop Area
  • Hospitality Industry
  • Outdoor
  • Architectural
• Automotive
  
  • Interior
  • Exterior
  • Headlamp
  • Side lamp
  • DRLs
  • Rear Light
• Backlight
  
  • LED Television
  • Monitor
  • Handhelds
  • Screen Display Lighting
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa