Chip On Board (COB) LED Market Research Report - Global Forecast till 2027

Chip-on-board LED Market, by Material (MCPCB, Ceramic), Application (General Lighting (Residential, Commercial, Industrial), Backlighting (smartphone, tablet, monitor, television, others) Automotive Lighting (Interior, Exterior), Others) - Forecast till 2027

ID: MRFR/SEM/5565-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis


The global Chip-on-board LED market was valued at USD 2,010.5 million in 2017 and is exected to reach USD 5,261.8 million by the end of forecast period with a CAGR of 17.88%.


Chip-on-board LED is a type of LED packaging wherein multiple LED chips are bonded directly on a substrate thus forming a module. The small size of LED chip allows high packing density than other technologies such as surface mount resulting in high lighting intensity. Chip-on-board LED is used for several applications out of which spot lighting and directional lighting are some of the major applications under general lighting segment. The increasing adoption of solid-state lighting technology as compared to traditional lighting is paving way for growth of chip-on-board LED market.


The increasing focus of government across the world to promote energy efficient lighting has led to the rise in demand for LED lighting. Governments of various countries such as US, UK and India among others are providing rebates on energy efficient lights, thus encouraging consumers to buy them. Apart from the government initiatives, chip-on-board LED has several advantages such as reduced power requirements, high light efficacy, better thermal management and a smaller number of solder joints which reduces the risk of loss in performance. These advantages are creating high growth of this market. Also, increasing investment in infrastructure development is further expected to stimulate the growth of chip-on-board LED market. However, the complex manufacturing process of chip-on-board LED which involves selection, mounting, and interconnection of discrete devices hampers the growth of the market. 


Segmentation


By material, the market is segmented into MCPCB and ceramic. Ceramic is the most typically used material for substrate due to its better thermal performance.


By application, the market is segmented into general lighting, backlighting, automotive lighting and others. General lighting is further segmented into residential, commercial and industrial while backlighting is segmented into smartphones, tablets, monitors, televisions and others. Under automotive lighting, chip-on-board LED market is segmented into interior lighting and exterior lighting.


Regional Analysis


The global market for Chip-on-board LED is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of Chip-on-board LED market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, Asia-Pacific is expected to dominate the Chip-on-board LED market during the forecast period owing to largest share in terms of manufacturing and usage. Countries such as Taiwan, South Korea and China are contributing to the major share of the market due to the presence of a large number of vendors in these regions. Some of the major providers of chip-on-board LED such as Citizen Electronics, Seoul Semiconductor and Samsung Electronics are based out of Asia-Pacific and also have a huge customer base within the region as well as across the globe. China is expected to experience high growth during the forecast period due to continuous government efforts such as subsidies and incentives in the region to boost domestic production capacity. North America is the second dominating region in the Chip-on-board LED market followed by Europe due to high number of installations in retail and automotive lighting. Also, the rising investment in infrastructure and rapid technological advancements is expected to drive the growth of chip-on-board LED in these regions


Global Chip-on-board LED Market, USD Billions COB LED Market
The global Chip-on-board LED market was valued at USD 2,010.5 million in 2017 and is exected to reach USD 5,261.8 million by the end of forecast period with a CAGR of 17.88%.


Key players


The key players in the Chip-on-board LED market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – Osram Opto  Semiconductors GmbH (Germany), Citizen Electronics Co. Ltd. (Japan), Cree Inc. (US), Seoul Semiconductor Co. Ltd. (South Korea), GE Lighting (US), Philips Lumileds Lighting Co. (Netherlands), Samsung Electronics Co. Ltd. (South Korea), Everlight Electronics Co. Ltd. (Taiwan), LG Innotek Co. Ltd. (South Korea) and Lumens Co., Ltd. (South Korea). These players contribute a major share in the growth of Chip-on-board LED market.


Apart from the top key players, there are other players that contribute to the market growth. These include Prophotonix (US), Cooper Lighting (US), LumiShore Ltd (UK), Leiso Lighting Tech. Ltd (China), Bridgelux Inc. (US) and others.



Intended Audience



  • Lighting and lighting control system manufacturers

  • Raw material and manufacturing equipment suppliers

  • Original equipment manufacturers (OEMs)

  • General lighting manufacturers/suppliers

  • Automotive manufacturers/suppliers

  • Backlighting manufacturers/suppliers

  • Technology solution providers

  • System Integrators

  • Government Agencies

  • Distributors and resellers

  • Research organizations



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 5,261.8 Million
  CAGR   17.88%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material, Application, Backlighting, Automotive Lighting
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors

  • Osram Opto Semiconductors GmbH (Germany), Citizen Electronics Co. Ltd. (Japan), Cree Inc. (US), Seoul Semiconductor Co. Ltd. (South Korea), GE Lighting (US), Philips Lumileds Lighting Co. (Netherlands), Samsung Electronics Co. Ltd. (South Korea), Everlight Electronics Co. Ltd. (Taiwan), LG Innotek Co. Ltd. (South Korea) and Lumens Co., Ltd. (South Korea)
  • Prophotonix (US), Cooper Lighting (US), LumiShore Ltd (UK), Leiso Lighting Tech. Ltd (China), Bridgelux Inc. (US) and others
  •   Key Market Opportunities   Increasing investment in infrastructure development.
      Key Market Drivers

  • The increasing focus of government across the world to promote energy efficient lighting.
  • lower power requirements
  • high light efficiency


  • Frequently Asked Questions (FAQ) :


    The Chip-on-board LED market is expected to expand at 17.88% CAGR over the assessment period.

    The Chip-on-board LED market is expected to value at USD 5261.8 Mn by 2023.

    The segments of the Chip-on-board LED market, on the basis of application are general lighting, automotive lighting, backlighting, and others.

    Asia Pacific is expected to dominate the Chip-on-board LED market.

    The constant efforts by governments directed towards the increase in production capacity are poised to drive growth of the country-level market.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.3 Research Objectives

    2.4 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining Power of Buyers

    4.1.3 Threat of Substitutes

    4.1.4 Segment Rivalry

    4.1.5 Bargaining Power of Suppliers

    4.2 Value Chain/Supply Chain of Chip-on-Board LED

    5 Market Landscape

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact Analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7 Chip-on-Board LED Market by Material

    7.1 Introduction

    7.2 MCPCB

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.2.2 Market Estimates & Forecast by Region, 2020–2027

    7.3 Ceramic

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast by Region, 2020–2027

    8 Chip-on-Board LED Market by Application

    8.1 Introduction

    8.2 General Lighting

    8.2.1 Residential

    8.2.1.1 Market Estimates & Forecast, 2020–2027

    8.2.1.2 Market Estimates & Forecast by Region, 2020–2027

    8.2.2 Commercial

    8.2.2.1 Market Estimates & Forecast, 2020–2027

    8.2.2.2 Market Estimates & Forecast by Region, 2020–2027

    8.2.3 Industrial

    8.2.3.1 Market Estimates & Forecast, 2020–2027

    8.2.3.2 Market Estimates & Forecast by Region, 2020–2027

    8.3 Backlighting

    8.3.1 Smartphone

    8.3.1.1 Market Estimates & Forecast, 2020–2027

    8.3.1.2 Market Estimates & Forecast by Region, 2020–2027

    8.3.2 Tablet

    8.3.2.1 Market Estimates & Forecast, 2020–2027

    8.3.2.2 Market Estimates & Forecast by Region, 2020–2027

    8.3.3 Monitor

    8.3.3.1 Market Estimates & Forecast, 2020–2027

    8.3.3.2 Market Estimates & Forecast by Region, 2020–2027

    8.3.4 Television

    8.3.4.1 Market Estimates & Forecast, 2020–2027

    8.3.4.2 Market Estimates & Forecast by Region, 2020–2027

    8.3.5 Others

    8.3.5.1 Market Estimates & Forecast, 2020–2027

    8.3.5.2 Market Estimates & Forecast by Region, 2020–2027

    8.4 Automotive Lighting

    8.4.1 Interior Lighting

    8.4.1.1 Market Estimates & Forecast, 2020–2027

    8.4.1.2 Market Estimates & Forecast by Region, 2020–2027

    8.4.2 Exterior Lighting

    8.4.2.1 Market Estimates & Forecast, 2020–2027

    8.4.2.2 Market Estimates & Forecast by Region, 2020–2027

    8.5 Others

    9 Chip-on-Board LED Market by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast by Country, 2020–2027

    9.2.2 Market Estimates & Forecast by Material, 2020–2027

    9.2.3 Market Estimates & Forecast by Application, 2020–2027

    9.2.4 US

    9.2.4.1 Market Estimates & Forecast by Material, 2020–2027

    9.2.4.2 Market Estimates & Forecast by Application, 2020–2027

    9.2.5 Mexico

    9.2.5.1 Market Estimates & Forecast by Material, 2020–2027

    9.2.5.2 Market Estimates & Forecast by Application, 2020–2027

    9.2.6 Canada

    9.2.6.1 Market Estimates & Forecast by Material, 2020–2027

    9.2.6.2 Market Estimates & Forecast by Application, 2020–2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast by Country, 2020–2027

    9.3.2 Market Estimates & Forecast by Material, 2020–2027

    9.3.3 Market Estimates & Forecast by Application, 2020–2027

    9.3.4 Germany

    9.3.4.1 Market Estimates & Forecast by Material, 2020–2027

    9.3.4.2 Market Estimates & Forecast by Application, 2020–2027

    9.3.5 France

    9.3.5.1 Market Estimates & Forecast by Material, 2020–2027

    9.3.5.2 Market Estimates & Forecast by Application, 2020–2027

    9.3.6 Italy

    9.3.6.1 Market Estimates & Forecast by Material, 2020–2027

    9.3.6.2 Market Estimates & Forecast by Application, 2020–2027

    9.3.7 Spain

    9.3.7.1 Market Estimates & Forecast by Material, 2020–2027

    9.3.7.2 Market Estimates & Forecast by Application, 2020–2027

    9.3.8 UK

    9.3.8.1 Market Estimates & Forecast by Material, 2020–2027

    9.3.8.2 Market Estimates & Forecast by Application, 2020–2027

    9.4 Asia-Pacific

    9.4.1 Market Estimates & Forecast by Country, 2020–2027

    9.4.2 Market Estimates & Forecast by Material, 2020–2027

    9.4.3 Market Estimates & Forecast by End-User, 2020–2027

    9.4.4 China

    9.4.4.1 Market Estimates & Forecast by Material, 2020–2027

    9.4.4.2 Market Estimates & Forecast by Application, 2020–2027

    9.4.5 India

    9.4.5.1 Market Estimates & Forecast by Material, 2020–2027

    9.4.5.2 Market Estimates & Forecast by Application, 2020–2027

    9.4.6 Japan

    9.4.6.1 Market Estimates & Forecast by Material, 2020–2027

    9.4.6.2 Market Estimates & Forecast by Application, 2020–2027

    9.4.7 Rest of Asia-Pacific

    9.4.7.1 Market Estimates & Forecast by Material, 2020–2027

    9.4.7.2 Market Estimates & Forecast by Application, 2020–2027

    9.5 Rest of the World

    9.5.1 Market Estimates & Forecast by Country, 2020–2027

    9.5.2 Market Estimates & Forecast by Material, 2020–2027

    9.5.3 Market Estimates & Forecast by Application, 2020–2027

    9.5.4 Middle East & Africa

    9.5.4.1 Market Estimates & Forecast by Material, 2020–2027

    9.5.4.2 Market Estimates & Forecast by Application, 2020–2027

    9.5.5 Latin America

    9.5.5.1 Market Estimates & Forecast by Material, 2020–2027

    9.5.5.2 Market Estimates & Forecast by Application, 2020–2027

    10 Competitive Landscape

    11 Company Profiles

    11.1 Osram Opto Semiconductors GmbH

    11.1.1 Company Overview

    11.1.2 Product/Business Segment Overview

    11.1.3 Financial Updates

    11.1.4 Key Developments

    11.1.5 SWOT Analysis

    11.1.6 Key Strategy

    11.2 Citizen Electronics Co. Ltd.

    11.2.1 Company Overview

    11.2.2 Product/Business Segment Overview

    11.2.3 Financial Updates

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.2.6 Key Strategy

    11.3 Cree Inc.

    11.3.1 Company Overview

    11.3.2 Product/Business Segment Overview

    11.3.3 Financial Updates

    11.3.4 Key Developments

    11.3.5 SWOT Analysis

    11.3.6 Key Strategy

    11.4 Seoul Semiconductor Co. Ltd.

    11.4.1 Company Overview

    11.4.2 Product/Business Segment Overview

    11.4.3 Financial Updates

    11.4.4 Key Developments

    11.4.5 SWOT Analysis

    11.4.6 Key Strategy

    11.5 Philips Lumileds Lighting Co.

    11.5.1 Company Overview

    11.5.2 Product/Business Segment Overview

    11.5.3 Financial Updates

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.5.6 Key Strategy

    11.6 Samsung Electronics Co. Ltd

    11.6.1 Company Overview

    11.6.2 Product/Business Segment Overview

    11.6.3 Financial Updates

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.6.6 Key Strategy

    11.7 Everlight Electronics Co. Ltd.

    11.7.1 Company Overview

    11.7.2 Product/Business Segment Overview

    11.7.3 Financial Updates

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.7.6 Key Strategy

    11.8 LG Innotek Co. Ltd

    11.8.1 Company Overview

    11.8.2 Product/Business Segment Overview

    11.8.3 Financial Updates

    11.8.4 Key Developments

    11.8.5 SWOT Analysis

    11.8.6 Key Strategy

    11.9 GE Lighting

    11.9.1 Company Overview

    11.9.2 Product/Business Segment Overview

    11.9.3 Financial Updates

    11.9.4 Key Developments

    11.9.5 SWOT Analysis

    11.9.6 Key Strategy

    11.10 Lumens Co., Ltd.

    11.10.1 Company Overview

    11.10.2 Product/Business Segment Overview

    11.10.3 Financial Updates

    11.10.4 Key Developments

    11.10.5 SWOT Analysis

    11.10.6 Key Strategy

    12 Conclusion


    LIST OF TABLES

    Table 1 Chip-on-Board LED Market, by Region, 2020–2027

    Table 2 North America: Chip-on-Board LED Market, by Country, 2020–2027

    Table 3 Europe: Chip-on-Board LED Market, by Country, 2020–2027

    Table 4 Asia-Pacific: Chip-on-Board LED Market, by Country, 2020–2027

    Table 5 Middle East & Africa: Chip-on-Board LED Market, by Country, 2020–2027

    Table 6 Latin America: Chip-on-Board LED Market, by Country, 2020–2027

    Table 7 Global Chip-on-Board LED Material Market, by Region, 2020–2027

    Table 8 North America: Chip-on-Board LED Material Market, by Country, 2020–2027

    Table 9 Europe: Chip-on-Board LED Material Market, by Country, 2020–2027

    Table 10 Asia-Pacific: Chip-on-Board LED Material Market, by Country, 2020–2027

    Table 11 Middle East & Africa: Chip-on-Board LED Material Market, by Country, 2020–2027

    Table 12 Latin America: Chip-on-Board LED Material Market, by Country, 2020–2027

    Table 13 Global Chip-on-Board LED Application Market, by Region, 2020–2027

    Table 14 North America: Chip-on-Board LED Application Market, by Country, 2020–2027

    Table 15 Europe: Chip-on-Board LED Application Market, by Country, 2020–2027

    Table 16 Asia-Pacific: Chip-on-Board LED Application Market, by Country, 2020–2027

    Table 17 Middle East & Africa: Chip-on-Board LED Application Market, by Country, 2020–2027

    Table 18 Latin America: Chip-on-Board LED Application Market, by Country, 2020–2027


    LIST OF FIGURES

    FIGURE 1 Global Chip-on-Board LED Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Global Chip-on-Board LED Market

    FIGURE 4 Value Chain of Global Chip-on-Board LED Market

    FIGURE 5 Share of Global Chip-on-Board LED Market in 2020, by Country (in %)

    FIGURE 6 Global Chip-on-Board LED Market, 2020–2027

    FIGURE 7 Global Chip-on-Board LED Market Size, by Material, 2020

    FIGURE 8 Share of Global Chip-on-Board LED Market, by Material, 2020 to 2027

    FIGURE 9 Global Chip-on-Board LED Market Size, by Application, 2020

    FIGURE 10 Share of Global Chip-on-Board LED Market, by Application, 2020 to 2027