Bulk update of all columns in postgresql

I am wondering if postgresql has an update query somewhat like their insert values syntax.

I have an updated set of data in this form currently:

INSERT INTO bought_in_control_panel(ID,PARENT_ID,BOUGHT_IN_FORM_TYPE_ID,PRIORITY,NAME,HEADING,DESCRIPTION,ICON,BOUGHT_IN_CONTROL_PANEL_FILE_ID) VALUES(109,1,28,100,'Tooling','Tooling','Enter your Machine Tools here','tooling.png',null);

and I want to update the rows that are there already to the new data, I’m looking for something like the following where I can update all rows without repeating myself:

UPDATE ON ID 
    bought_in_control_panel(ID,PARENT_ID,BOUGHT_IN_FORM_TYPE_ID,PRIORITY,NAME,HEADING,DESCRIPTION,ICON,BOUGHT_IN_CONTROL_PANEL_FILE_ID) 
        VALUES(
                (109,1,28,100,'Tooling','Tooling','Enter your Machine Tools here','tooling.png',null), 
                (1,0,1,200,'Bought In','Bought In','','boughtin.png',null)
);

The above would check for matching ID values, and update the matches with the new data.

Note: I am really looking to avoid manually mapping all the column names, postgresql already know my columns, and i’ve already mapped them on the data. Why do that again in a longer format?