Lucintel anticipates that Asia Pacific will be the fastest growing region in the chip on board (COB) light emitting diode market


   November 7, 2019
According to a market report by Lucintel, the future of the chip on board (COB) light emitting diode market looks promising with opportunities in the illumination, backlighting, automotive, and high brightness lighting industries. The chip on board (COB) light emitting diode market is expected to grow with a CAGR of 30% from 2019 to 2024. The major drivers for this market are stringent regulation towards energy efficiency and increasing demand for low power, cost-effective, and high intensity lighting solutions.   

To download report brochure, please go to https://www.lucintel.com/chip-on-board-light-emitting-diode-market.aspx and click "report brochure" tab

In this market, new and retrofit are the major installation types. Indoor and Outdoor are major application of this market.

Within the chip on board (COB) light emitting diode market, illumination, backlighting, automotive, high brightness lighting and others are the major end use industries. Illumination segment is the largest end use market segment for chip on board (COB) light emitting diode.

Asia-Pacific market will remain the largest market over the forecast period due to increasing government initiatives of choosing chip on board light emitting diode over traditional technologies, and large number of market participants.

Osram,Citizen Electronics, Cree Inc, Seoul Semiconductor, Everlight Electronics, Tridonic, Ge Lighting, Lextar are among the major manufacturers of Chip on Board (COB) Light Emitting Diode .

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the chip on board (COB) light emitting diode market by end use industry, application, installation type, and region. Lucintel has prepared a comprehensive research report entitled "Chip on Board (COB) Light Emitting Diode Market 2019-2024: Trends, Forecast, and Opportunity Analysis." This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the chip on board (COB) light emitting diode market by end use industry, application, installation type, and region as follows:         

 By End Use Industry [$M shipment analysis for 2013 – 2024]:



  • Illumination


    • Residential      


    • Office space      


    • Industrial      


    • Outdoor lighting      


    • Others   




  • Automotive


    • Interior      


    • Exterior      


    • Headlamp      


    • Sidelight      


    • DRLs      


    • Others




  • Backlighting


    • LED television      


    • Monitor      


    • Handhelds      


    • Screen display lighting      




  • High brightness lighting          


  • Others      


By Application [$M shipment analysis for 2013 – 2024]:



  • Indoor


  • Outdoor      


By LED Installation Type [$M shipment analysis for 2013 – 2024]:



  • New


  • Retrofit      


By Region [$M shipment analysis for 2013 – 2024]:



  • North America


    • United States


    • Canada


    • Mexico




  • Europe


    • UK


    • Germany


    • Italy




  • Asia Pacific


    • China


    • Japan


    • India




  • Rest of the World


This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/chip-on-board-light-emitting-diode-market.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.


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