Market Overview:
The global board (COB) light emitting diode market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing adoption of LED displays in various applications. The global board (COB) light emitting diode market by type is segmented into organic light emitting diodes and inorganic light emitting diodes. The organic light emitting diode segment is expected to grow at a higher CAGR than the inorganic light emitting diode segment during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for energy-efficient lighting solutions and rising awareness about environmental benefits offered by organic LEDs over traditional incandescent bulbs. The global board (COB)light emitting diode market by application is divided into LED displays, traffic lights, car lights, and others applications such as home lighting, office lighting, etc.).
 Light Emitting Diode Industry Outlook.svg)
Product Definition:
A Board (COB) Light Emitting Diode is a light emitting diode that is mounted directly on to a printed circuit board. This type of LED is often used in applications where space is limited, such as small electronic devices or indicator lights.
Organic Light Emitting Diode:
Organic Light Emitting Diode (OLED) is a type of digital display technology that emits light by means of electroluminescent diodes. The major advantage of OLED over traditional LCD and LED technologies is the absence of an electric power source; as such, they are self-emitting and require no external backlight.
Inorganic Light Emitting Diode:
Inorganic Light Emitting Diode (ILED) is a type of semiconductor that emits light when electric current is applied. The most common types of ILEDs are inorganic phosphor and organic light-emitting diode.
Application Insights:
LED display was the largest application segment in 2017 and is projected to maintain its dominance over the forecast period. COB LEDs are used for digital signage applications, which include corporate, retail and public displays. Digital signage is a growing application segment as it offers flexibility in terms of design & content as well as improves Signage Management Systems (SMS).
COB LEDs have high brightness rendering properties (BRPP) making them suitable for outdoor advertising billboards. LED traffic lights are highly efficient compared to conventional fluorescent or incandescent lamps; this makes them more environmentally friendly. Traffic light manufacturers are adopting innovative technologies such as shape-changing materials that can be molded into different forms so that they blend better with other components of a streetlight system such as power cables or streetlight housings.
Other prominent applications include car lighting, road marking and safety signs, medical equipment/instruments, workstations/labs., architectural features etcetera.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from countries, such as China, Japan, South Korea, and India. These countries are among the largest LED manufacturers across the globe owing to cheap labor costs and availability of raw materials at a cheaper price. Moreover, these countries have a high population density that requires huge infrastructure development for better facilities; subsequently driving product demand in automotive lighting applications.
The COB light emitting diode market in Europe is anticipated to witness significant growth over the forecast period owing to increasing R&D activities by various organizations focused on developing advanced lighting solutions using LEDs with superior efficiency compared to their counterparts including incandescent bulbs or compact fluorescents (CFLs). This has resulted in increased adoption of COB lights across major application segments including streetlights/traffic lights/architectural structures etc.
Growth Factors:
- Increasing demand from the automotive sector: The global market for automotive LED lighting is expected to grow at a CAGR of more than 15% during the forecast period. This is mainly due to the increasing demand for energy-efficient and eco-friendly lighting solutions in vehicles.
- Rising demand for LEDs in general illumination applications: The global market for LED lights used in general illumination applications is expected to grow at a CAGR of more than 17% during the forecast period. This can be attributed to the growing popularity of LEDs as a replacement for traditional light sources such as incandescent bulbs and CFLs due to their high efficiency and long life span.
- Growing demand from emerging markets: A large number of emerging markets are witnessing rapid growth, which is resulting in an increase in spending on LED lighting products. This provides significant growth opportunities for players operating in the Board (COB) Light Emitting Diode market .
- Proliferation of smart cities: The development of smart cities across the globe is providing a major impetus to the adoption of LED lighting solutions, as they are essential components thereof. Smart city projects typically involve installation or upgrade of intelligent transportation systems, public safety systems, healthcare infrastructure, etc., all requiring efficient and reliable LED lighting solutions..
Scope Of The Report
Report Attributes
Report Details
Report Title
Board (COB) Light Emitting Diode Market Research Report
By Type
Organic Light Emitting Diode, Inorganic Light Emitting Diode
By Application
LED Display, Traffic Light, Car Lights, Others
By Companies
Osram Opto, Semiconductors, Perkinelmer, Citizen Electronics, Cree, Seoul Semiconductor, GE Lighting, Enlux Lighitng, EMTEQ, Prophotonix, Cooper Lighting, LumiShoreLtd, Philips Lumileds Lighting, Samsung Electronics, Leiso Lighting, Luminage
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Board (COB) Light Emitting Diode Market Report Segments:
The global Board (COB) Light Emitting Diode market is segmented on the basis of:
Types
Organic Light Emitting Diode, Inorganic Light Emitting Diode
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
LED Display, Traffic Light, Car Lights, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Osram Opto
- Semiconductors
- Perkinelmer
- Citizen Electronics
- Cree
- Seoul Semiconductor
- GE Lighting
- Enlux Lighitng
- EMTEQ
- Prophotonix
- Cooper Lighting
- LumiShoreLtd
- Philips Lumileds Lighting
- Samsung Electronics
- Leiso Lighting
- Luminage
 Light Emitting Diode Market Overview.svg)
Highlights of The Board (COB) Light Emitting Diode Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic Light Emitting Diode
- Inorganic Light Emitting Diode
- By Application:
- LED Display
- Traffic Light
- Car Lights
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Board (COB) Light Emitting Diode Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Light Emitting Diode Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Board (COB) Light Emitting Diode is a type of LED that emits light through the use of electrons instead of photons. This makes Board (COB) LEDs more efficient and longer-lasting than traditional LEDs.
Some of the key players operating in the board (cob) light emitting diode market are Osram Opto, Semiconductors, Perkinelmer, Citizen Electronics, Cree, Seoul Semiconductor, GE Lighting, Enlux Lighitng, EMTEQ, Prophotonix, Cooper Lighting, LumiShoreLtd, Philips Lumileds Lighting, Samsung Electronics, Leiso Lighting, Luminage.
The board (cob) light emitting diode market is expected to register a CAGR of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Board (COB) Light Emitting Diode Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Board (COB) Light Emitting Diode Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Board (COB) Light Emitting Diode Market - Supply Chain
4.5. Global Board (COB) Light Emitting Diode Market Forecast
4.5.1. Board (COB) Light Emitting Diode Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Board (COB) Light Emitting Diode Market Size (000 Units) and Y-o-Y Growth
4.5.3. Board (COB) Light Emitting Diode Market Absolute $ Opportunity
5. Global Board (COB) Light Emitting Diode Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Board (COB) Light Emitting Diode Market Size and Volume Forecast by Type
5.3.1. Organic Light Emitting Diode
5.3.2. Inorganic Light Emitting Diode
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Board (COB) Light Emitting Diode Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Board (COB) Light Emitting Diode Market Size and Volume Forecast by Application
6.3.1. LED Display
6.3.2. Traffic Light
6.3.3. Car Lights
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Board (COB) Light Emitting Diode Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Board (COB) Light Emitting Diode Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Board (COB) Light Emitting Diode Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Board (COB) Light Emitting Diode Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Board (COB) Light Emitting Diode Demand Share Forecast, 2019-2026
9. North America Board (COB) Light Emitting Diode Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Board (COB) Light Emitting Diode Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Board (COB) Light Emitting Diode Market Size and Volume Forecast by Application
9.4.1. LED Display
9.4.2. Traffic Light
9.4.3. Car Lights
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Board (COB) Light Emitting Diode Market Size and Volume Forecast by Type
9.7.1. Organic Light Emitting Diode
9.7.2. Inorganic Light Emitting Diode
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Board (COB) Light Emitting Diode Demand Share Forecast, 2019-2026
10. Latin America Board (COB) Light Emitting Diode Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Board (COB) Light Emitting Diode Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Board (COB) Light Emitting Diode Market Size and Volume Forecast by Application
10.4.1. LED Display
10.4.2. Traffic Light
10.4.3. Car Lights
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Board (COB) Light Emitting Diode Market Size and Volume Forecast by Type
10.7.1. Organic Light Emitting Diode
10.7.2. Inorganic Light Emitting Diode
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Board (COB) Light Emitting Diode Demand Share Forecast, 2019-2026
11. Europe Board (COB) Light Emitting Diode Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Board (COB) Light Emitting Diode Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Board (COB) Light Emitting Diode Market Size and Volume Forecast by Application
11.4.1. LED Display
11.4.2. Traffic Light
11.4.3. Car Lights
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Board (COB) Light Emitting Diode Market Size and Volume Forecast by Type
11.7.1. Organic Light Emitting Diode
11.7.2. Inoranic Light Emitting Diode
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Board (COB) Light Emitting Diode Demand Share, 2019-2026
12. Asia Pacific Board (COB) Light Emitting Diode Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Board (COB) Light Emitting Diode Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Board (COB) Light Emitting Diode Market Size and Volume Forecast by Application
12.4.1. LED Display
12.4.2. Traffic Light
12.4.3. Car Lights
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Board (COB) Light Emitting Diode Market Size and Volume Forecast by Type
12.7.1. Organic Light Emitting Diode
12.7.2. Inorganic Light Emitting Diode
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Board (COB) Light Emitting Diode Demand Share, 2019-2026
13. Middle East & Africa Board (COB) Light Emitting Diode Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Board (COB) Light Emitting Diode Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Board (COB) Light Emitting Diode Market Size and Volume Forecast by Application
13.4.1. LED Display
13.4.2. Traffic Light
13.4.3. Car Lights
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Board (COB) Light Emitting Diode Market Size and Volume Forecast by Type
13.7.1. Organic Light Emitting Diode
13.7.2. Inorganic Light Emitting Diode
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Board (COB) Light Emitting Diode Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Board (COB) Light Emitting Diode Market: Market Share Analysis
14.2. Board (COB) Light Emitting Diode Distributors and Customers
14.3. Board (COB) Light Emitting Diode Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Osram Opto
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Semiconductors
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Perkinelmer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Citizen Electronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cree
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Seoul Semiconductor
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GE Lighting
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Enlux Lighitng
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. EMTEQ
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Prophotonix
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cooper Lighting
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LumiShoreLtd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Philips Lumileds Lighting
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Samsung Electronics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Leiso Lighting
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Luminage
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
