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Chip-on-Board LED Market Share

Report ID: GMI8905
Published Date: Apr 2024
Report Format: PDF

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Chip-on-Board LED Market Share

OSRAM GmbH and Nichia Corporation hold a significant share of over 20%. OSRAM GmbH is a prominent global technology company specializing in lighting solutions and optical semiconductors. OSRAM is a leading provider of high-quality LED products & solutions including chip-on-board LEDs.

Nichia Corporation is a Japanese company that specializes in the manufacturing and development of LED products and materials. Nichia operates in the LED industry, focusing on innovation, quality, and reliability.

Chip-on-Board LED Market Companies

Major players operating in the market are:

OSRAM GmbH
Nichia Corporation
Cree LED, Inc.
ProPhotonix Limited
Citizen Electronics Co., Ltd
Samsung Electronics Co., Ltd
Nichia Corporation

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The Chip-on-Board LED market was valued at USD 2.2 billion in 2023 and is anticipated to grow at 13% CAGR between 2024 and 2032, attributed to the rise of indoor farming and greenhouse cultivation.

The ceramic segment is anticipated to grow at 13.5% CAGR between 2024 and 2032, driven by the advancements in phosphor technology and manufacturing processes.

Asia Pacific market is anticipated to sustain 14.5% CAGR from 2024 to 2032, owing to rapid economic growth, with expanding industries such as automotive, consumer electronics, healthcare, and infrastructure development.

OSRAM GmbH, Nichia Corporation, Cree LED, Inc., ProPhotonix Limited, Citizen Electronics Co., Ltd, Samsung Electronics Co., Ltd and Nichia Corporation