BCC Research Forecasts 15.4% CAGR For Global Chip-On-Board LED Market Through 2030
| Report Metric | Details |
| Base year considered | 2024 |
| Forecast period considered | 2025-2030 |
| Base year market size | $3.4 billion |
| Market size forecast | $7.5 billion |
| Growth rate | CAGR of 15.4% from 2025 to 2030 |
| Segments covered | Product Type, Wattage, Application and Region |
| Regions covered | North America, Europe, Asia-Pacific, and the Rest of the World (RoW) |
| Market Drivers |
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Interesting facts:
- The 10W-30W market segment dominated wattage consumption in 2024, with a 41.8% market share. The 30W–50W market segment will experience a 15.2% CAGR growth through 2030, due to its growing worldwide adoption in industrial lighting and streetlights.
- In 2024, the Asia-Pacific region was the leader in the COB LED market leader and it will continue to grow, with a 21% CAGR over the forecast period. This regional market's growth results from robust manufacturing operations in China and Taiwan and fast-paced urban development.
- The COB LED industry is considered the future of the lighting industry, with the growing demand for smart lighting solutions paired with compact and lightweight display solutions. Moreover, the market is gaining traction in the next generation micro-display and AR/VR systems, where compact size and high luminance are key benefits.
Emerging startups
- Lightelligence Aledia Saphlux
The report addresses the following questions:
What are the projected size and growth rate of the market?- The market is projected to reach $7.5 billion by the end of 2030, growing at a CAGR of 15.4% during the forecast period.
- The factors driving the market include:
- Demand for energy-efficient lighting solutions. Demand for EVs and backlighting solutions.
- The COB LED market faces restraints, such as high initial manufacturing costs and heat management challenges. However, it also presents growth opportunities, driven by increasing government initiatives for energy-efficient lighting, the rising adoption of COB LEDs in automotive and consumer electronics, and growing demand for advanced lighting in smart homes, horticulture, and industrial applications.
- The market is segmented by product type, wattage, application and region.
- By product type, the COB LED module segment is expected to dominate the market through the end of 2030, driven by its compact design, higher lumen density, and wide adoption in general, automotive, and industrial lighting applications.
- Asia-Pacific holds the highest share of the global COB LED market due to strong manufacturing bases in China, Taiwan, and South Korea, coupled with rapid growth in smart city projects, automotive demand, and consumer electronics.
Market leaders include:
- AMS-OSRAM AG BRIDGELUX INC. CITIZEN ELECTRONICS CO. LTD. CREE LED LUMILEDS HOLDING B.V. LUMINUS INC. NICHIA CORP. SAMSUNG (SAMSUNG LED) SEOUL SEMICONDUCTOR CO. LTD. SHENZHEN TONGYIFANG OPTOELECTRONIC TECHNOLOGY CO. LTD.
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