Market prospects of high-power COB in 2025

In 2025, the market outlook for high-power COB is generally optimistic. Against the backdrop of the current rapid development of science and technology, its market size is expected to show a good trend of sustained growth. This growth is not accidental, but the result of the combined effect of multiple factors. From a technical perspective, the continuous advancement of science and technology has injected strong impetus into the development of high-power COB. With the deepening of research and development, the performance of COB products has been continuously improved, and there have been significant improvements in terms of luminous efficiency, light quality and stability. This enables COB products to provide better light sources in application fields such as lighting, meeting the market demand for high-quality lighting.

At the same time, the process of technical standardization is also accelerating. Relevant companies and institutions in the industry are actively cooperating to formulate and improve unified technical standards. This will not only help to regulate market order, improve product quality and compatibility, but also promote technical exchanges and cooperation between different companies and promote the healthy development of the entire industry. For example, in some key performance indicators, such as luminous flux and color rendering index, clear standard specifications have gradually been formed, so that companies have rules to follow in the production and research and development process. 

In addition to technical factors, the growth of market demand is also one of the important reasons for the positive outlook of the high-power COB market. With the improvement of people's living standards and the change of consumption concepts, the demand for lighting products is no longer limited to basic lighting functions, but pays more attention to quality, energy saving and environmental protection. High-power COB products just meet these needs. With its advantages of high efficiency, energy saving, long life and pollution-free, they are favored by more and more consumers. Whether in the field of commercial lighting, such as shopping malls, hotels and other places, or in the field of industrial lighting, as well as lighting applications in some special environments, high-power COB has a broad market space. 

In addition, policy support also provides a strong guarantee for the development of the high-power COB market. The government has introduced a series of policies to encourage the development of energy-saving and environmental protection industries, and has given certain support and preferential treatment to green lighting products such as high-power COB. For example, in terms of procurement policies, high-power COB products that meet energy-saving and environmental protection standards are given priority; in terms of tax policies, relevant enterprises are given certain exemptions and preferential treatments to reduce the cost burden of enterprises and encourage enterprises to increase R&D investment and production scale. The implementation of these policy measures has further promoted the prosperity and development of the high-power COB market. 

In terms of market trends and scale, in today's era of rapid technological development and rapidly changing industry dynamics, according to the in-depth and comprehensive market research analysis of the professional team of Hengzhou Chengsi (YH Research), the global circuit board chip (COB) LED market will reach approximately US$1,195.7 million in revenue in 2023. This data is not accidental, but the result of the combined effect of many factors. From the perspective of growth expectations, it is expected that by 2030, the scale of the market will reach US$1,497.1 million, and the annual compound growth rate (CAGR) during the period is expected to remain stable at 3.3%. There are many driving factors behind this significant growth trend. First, the COVID-19 pandemic has had a profound impact on the global market. It has changed people's way of life and work, and has greatly increased people's dependence on devices that can enhance network connectivity. Whether it is high-performance network equipment required for remote work or electronic equipment in scenarios such as online education and entertainment, COB LED technology has put forward higher requirements and greater demand.

At the same time, as the economic development speed of emerging market countries continues to accelerate, their domestic infrastructure construction, industrialization process and residents' living standards are steadily improving. In these emerging market countries, the desire and demand for advanced electronic technology products are showing a continuous upward trend. The huge consumer groups in these countries provide a broad development space for the global circuit board chip-on-board (COB) light-emitting diode market, further promoting the expansion of the market size. In addition, after experiencing a series of fluctuations and challenges, the global economy is gradually on the track of recovery. Consumer confidence is also constantly improving, and people's willingness to consume high-quality and high-performance electronic products is becoming stronger. This positive consumer mentality and growing purchasing power will undoubtedly inject strong consumer power into the COB market, allowing it to continue to maintain a steady growth trend in the next few years, becoming an important segment in the global electronics market that cannot be ignored, leading the technological innovation and business model changes of related industries. 

In terms of technological progress and application fields, COB technology has made significant progress in 2024, the standardization process has accelerated, and costs have been reduced through large-scale production. These technological advances not only improve the performance and reliability of COB products, but also lay the foundation for their application in more fields. The penetration of COB technology in the field of consumer electronics is also accelerating, especially in the P1.2 pitch product market, where the penetration rate has increased to more than 60%, and the P1.5 and P0.9 market penetration rates have also increased further. This shows that consumers' demand for high-definition and high-performance display products is growing, and COB technology can just meet this demand. In addition, the application of COB packaging in display technology, automotive lighting, and medical equipment is also expanding, and the development of these fields has also provided new growth points for the COB market. 

In terms of competition pattern and major manufacturers, the major manufacturers in the market currently include internationally renowned companies such as Osram Opto Semiconductors, Perkinelmer, Citizen Electronics, Cree, and Seoul Semiconductor. These companies invest a lot of resources in product research and development and consolidate their market position through continuous innovation. They have advanced technology and production capabilities, can provide high-quality COB products, and have established a wide sales network around the world. At the same time, more and more emerging companies are joining this field, trying to seize market share by providing more competitive products or services. The entry of these emerging companies will intensify market competition, but will also promote technological progress and development of the entire industry.