According to Market Research Future (MRFR), the global chip-scale package LED market is expected to develop from USD 743.8 million in 2018 to USD 1.8 billion by 2023, with a CAGR of 19.4% from 2018 to 2023 (forecast period).
Drivers and Restraints
The most important dynamic factors for the chip scale package LED markets are low production cost and high package density. The chip-scale package LED market is driven by influential factors such as low-cost potential owing to the inadvertence of numerous packaging steps, small form factor with wide beam angle, and high package density and low thermal resistance and uniform current spreading boosts the market growth. The product is anticipated to witness a huge adoption in the automotive sector. The applications in general lighting are another huge opportunity for the chip scale package LED market to grow at a substantial rate in the upcoming years. On the other hand, the overload on LED foundries and restraint to premium products has a negative impact on the growth of this market in the present market scenario.
Segmental Analysis
The global chip-scale package LED Market is analyzed into application, and power range.
On the basis of application, the market is segmented into the backlighting unit (BLU), automotive lighting, general lighting, flash lighting, and others. In the applications segment, the backlighting unit (BLU) is projected to dominate the market in terms of market value over the review period due to its growing demand in electronic products, such as monitor, TV, and other display systems.
On the basis of power range, the market is bifurcated into high power and low- and mid-power.
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Competitive Analysis
The major market players operating in the global chip-scale packaging market as identified by MRFR are Samsung Electronics Co., Ltd. (South Korea), Lumileds Holding B.V. (US), OSRAM Opto Semiconductors GmbH (Germany), LG Innotek (South Korea), Semiconductor Co., Ltd. (South Korea), Epistar Corp. (Taiwan), Cree, Inc. (US), Semileds Corporation (Taiwan), Genesis Photonics Inc. (Taiwan), and Lextar Electronics Corporation (Taiwan).
Regional Analysis
The geographical analysis of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).
The Asia Pacific is projected to dominate the chip-scale package LED market over the review period. Asia Pacific region is considered as the most potential region in terms of expansion and implementation of chip scale package LEDs in the areas of smartphone and display systems. The region has massive potential for income generation in the chip-scale package LED market, mainly from the consumer electronics industry verticals.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Chip Scale Package LED Market Segmentation
- Chip Scale Package LED Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
Continued…
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Market HighlightsGlobally, the Chip Scale Package LED market is expected to have significant growth over the forecast period.
The increasing need for smaller, energy-efficient, and high optical density LEDs in diverse lighting applications acts as the major driving factor for the growth of chip scale package LED market globally.
The backlighting unit (BLU) is expected to dominate the market in terms of market size during the forecast size due to its high demand in electronic products, such as TV, monitor, and other display systems.General lighting and automotive lighting applications are expected to boost growth of the market in the upcoming years.
However, its limited applications in the overall electronics industry acts as a major restraining factor for the market.In this study, the chip scale package LED market is segmented based on application, power range, and region/country.
By application, the market is segmented into backlighting unit (BLU), general lighting, automotive lighting, flash lighting, and others.
By power range, the market is segmented into high power and low- and mid-power.Finally, the regions covered in this study are North America- US, Canada, and Mexico; Europe- Germany, France, the UK, and the rest of Europe; Asia-Pacific- China, India, Japan, and the rest of Asia-Pacific; and the rest of the world, which includes Middle East and Africa and Latin America.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7299Key Players:The prominent players in Chip scale package LED market are Lumileds Holding B.V. (US), Samsung Electronics Co., Ltd. (South Korea), Semiconductor Co., Ltd. (South Korea), OSRAM Opto Semiconductors GmbH (Germany), LG Innotek (South Korea), Epistar Corp. (Taiwan), Cree, Inc. (US), Genesis Photonics Inc. (Taiwan), Semileds Corporation (Taiwan), and Lextar Electronics Corporation (Taiwan).Regional AnalysisThe global market for global chip scale package LED is estimated to grow at a significant rate during the forecast period from 2018 to 2023.
Chip Scale Package (CSP) LED Market 2021-2027New Study Reports " Chip Scale Package (CSP) LED Market 2021, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2027" has been Added on MarketResearchFuture.Report OverviewThis published report for the Chip Scale Package (CSP) LED Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level.
Besides, the high deployment cost of product/service, and other restraints are also pointed out in the report.
General lighting and automotive lighting applications are expected to boost growth of the market in the upcoming years.
However, its limited applications in the overall electronics industry acts as a major restraining factor for the market.In this study, the Chip Scale Package (CSP) LED Market is segmented based on application, power range, and region/country.
Finally, the regions covered in this study are North America- US, Canada, and Mexico; Europe- Germany, France, the UK, and the rest of Europe; Asia-Pacific- China, India, Japan, and the rest of Asia-Pacific; and the rest of the world, which includes Middle East and Africa and Latin America.Complete Report Details@ https://www.marketresearchfuture.com/reports/chip-scale-package-led-market-7299Key PlayersThe report has profiled some of the Important players prevalent in the global like – Lumileds Holding B.V. (US), Samsung Electronics Co., Ltd. (South Korea), Semiconductor Co., Ltd. (South Korea), OSRAM Opto Semiconductors GmbH (Germany), LG Innotek (South Korea), Epistar Corp. (Taiwan), Cree, Inc. (US), Genesis Photonics Inc. (Taiwan), Semileds Corporation (Taiwan), and Lextar Electronics Corporation (Taiwan) and more.This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Chip Scale Package LED.Regional AnalysisThe global market for global chip scale package LED is estimated to grow at a significant rate during the forecast period from 2018 to 2023.
The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, and the rest of the world.Asia Pacific is presumed to have largest contribution in the Chip Scale Package (CSP) LED Market.
