Comprehensive Overview of the Chip-on-Board (CoB) Light Emitting Diode (LED) Market

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August 21, 2025

Comprehensive Overview of the Chip-on-Board (CoB) Light Emitting Diode (LED) Market

The Chip-on-board (CoB) Light Emitting Diode (LED) market, valued at approximately USD 3.2 billion in 2023, is expected to grow significantly, reaching around USD 7.6 billion by 2033, with a compound annual growth rate (CAGR) of 9.1%. This growth is driven by rising demand for energy-efficient lighting solutions across various sectors, including residential, commercial, and industrial applications. CoB LEDs are favored for their superior thermal performance and compact design, making them ideal for smart lighting and automotive applications. The report highlights key players like Cree and Samsung and explores market dynamics, competitive landscape, and regional insights, providing a comprehensive analysis of emerging trends and growth opportunities in the CoB LED sector.

Original source:

https://www.openpr.com/news/4154867/chip-on-board-cob-light-emitting-diode-led-market-a-guide

Comprehensive Overview of the Chip-on-Board (CoB) Light Emitting Diode (LED) Market

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