COB Light Strip Market to Reach USD 417 Million by 2031 Top 15 Company Globally

The Chip-on-Board (COB) light strip market has emerged as a significant segment within the global LED lighting industry. COB technology, characterized by its high-density LED packaging, offers superior luminous efficacy and uniform light distribution, making it ideal for applications requiring seamless illumination. This report delves into the global COB light strip market, with a particular focus on Asia and Southeast Asia, highlighting trends, regional insights, challenges, and strategic directions.

COB light strips have gained prominence due to their energy efficiency, compact design, and versatility in various applications, including commercial lighting, automotive lighting, and decorative installations. As of 2024, the global COB light strip market was valued at approximately USD 328 million, with projections indicating growth to USD 417 million by 2031, reflecting a compound annual growth rate (CAGR) of 3,1%. The average price per unit varies based on specifications, with bulk pricing at $25 per unit. The global COB Light Strip production reached approximately 13,124 million units in 2024.

Latest Trends and Technological Developments
Recent advancements in COB light strip technology include the integration of smart features such as voice control and Internet of Things (IoT) compatibility, catering to the growing demand for intelligent lighting solutions. For instance, Govee unveiled its COB Strip Light Pro at IFA 2024, offering smoother lighting effects and RGBICW LEDs for enhanced user experience. Additionally, the adoption of new processes like Chip-on-Substrate (COS) and System-in-Package (SiP) has improved the thermal management and efficiency of COB light strips.
Asia remains a dominant force in the COB light strip market, driven by robust manufacturing capabilities and increasing domestic demand. Countries like China, Japan, and South Korea are at the forefront, with China leading in production and exportation. The region's emphasis on energy-efficient solutions and smart city initiatives further propels market growth.

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COB Light Strip by Type:
12 V

24 V

Others

COB Light Strip by Application:
Commercial

Residential

Others

Global Top 15 Key Companies in the COB Light Strip Market
Lotus LED Lights

LEDYi Lighting

COLORS

Mingxue Optoelectronics

SignliteLED

General Lighting

Rishang Optoelectronics

ZBL Lighting

Elstar

Unitop

LEDVANCE

Weersom Optoelectronic

MYLEDY

Sensio Lighting

Derun Lighting

Regional Insights
Southeast Asia, particularly within the ASEAN bloc, is witnessing a surge in COB light strip adoption. Nations such as Singapore, Malaysia, and Thailand are investing in infrastructure and urban development projects that incorporate advanced lighting solutions. Indonesia, as a key player in the region, is experiencing a rise in demand for COB light strips, attributed to urbanization and a growing middle class seeking modern lighting options.
Despite the promising growth, the COB light strip market faces challenges including high manufacturing costs, competition from alternative lighting technologies, and the need for continuous innovation to meet diverse consumer preferences. Additionally, the market's reliance on raw material imports poses supply chain vulnerabilities.
To capitalize on market opportunities, stakeholders should focus on enhancing product quality, integrating smart technologies, and expanding distribution networks in emerging markets. Collaborations with local governments and participation in urban development projects can also provide avenues for growth.

Product Models
COB (Chip-On-Board) light strips are advanced LED strips that use densely packed LED chips to create a smooth, dot-free, and uniform light output. They are widely used in residential, commercial, and decorative lighting applications because of their high brightness and excellent color consistency.
12V strips are popular for short runs, DIY projects, and small installations. Notable products include:
SuperBrightLEDs 12V COB LED Strip Super Bright LEDs Inc.: Flexible, dot-free lighting strip designed for home accent lighting.
HitLights 12V COB LED Light Strip HitLights: DIY-friendly COB strip with adhesive backing, perfect for under-cabinet lighting.
BTF-Lighting 12V COB LED Strip BTF Lighting: High-density strip with uniform glow, popular for hobby and custom projects.
LE 12V COB LED Strip Light Lighting EVER (LE): Easy-to-install strip for residential lighting upgrades.
Waveform Lighting Centric Home 12V COB Strip Waveform Lighting: High CRI strip designed for natural, flicker-free home lighting.
24V strips are better suited for longer runs and professional applications with less voltage drop. Examples include:
SuperBrightLEDs 24V COB LED Strip Super Bright LEDs Inc.: Long-run, dot-free COB strip with high lumen output for commercial use.
HitLights 24V COB LED Light Strip HitLights: Designed for professional installations with low voltage drop.
Waveform Lighting FilmGrade 24V COB Strip Waveform Lighting: High CRI, flicker-free lighting ideal for video and film production.
Yuji BC Series 24V COB LED Strip Yuji International: Studio-grade COB strip for photography and medical lighting.
COXO 24V COB LED Strip Shenzhen COXO LED: Reliable COB strip engineered for architectural lighting projects.
The COB light strip market is poised for significant growth, driven by technological advancements and increasing demand for energy-efficient lighting solutions. Asia, particularly Southeast Asia, presents lucrative opportunities for market expansion. Stakeholders must navigate challenges such as cost pressures and supply chain dependencies to harness the full potential of this market.

Investor Analysis
Investors looking to enter the COB light strip market should consider companies with strong manufacturing capabilities, a track record of innovation, and a presence in emerging markets. Strategic partnerships and investments in smart lighting technologies can offer competitive advantages. Understanding regional dynamics, especially in Southeast Asia, will be crucial for making informed investment decisions.
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5 Reasons to Buy This Report
Comprehensive analysis of the global COB light strip market, including market size and growth projections.
In-depth insights into regional markets, with a focus on Asia and Southeast Asia.
Overview of the latest technological developments and trends in the industry.
Identification of key market players and their strategic initiatives.
Assessment of industry challenges and strategic recommendations for stakeholders.
5 Key Questions Answered
What is the current size and projected growth of the global COB light strip market?
How are technological advancements influencing the COB light strip industry?
What are the key drivers and challenges in the Asia and Southeast Asia markets?
Who are the leading companies in the COB light strip market, and what are their strategies?
What investment opportunities exist within the COB light strip market, particularly in emerging regions?
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.

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