Global Light Emitting Diode (LED) Packaging Market, By Package Type (Chip-on-board (COB), Surface-mount Device (SMD), Chip Scale Package (CSP) and Others), Application (General Lighting, Automotive Lighting, Backlighting, Flash Lighting, Industrial and Others), Power Range (Low- and Mid-power LED Packages and High-power LED Packages), Wavelength (Visible and Infrared and Deep UV), Packaging Material (Plastic, Nano-ceramic, Ceramics, Silicone Materials, Epoxy Moulding Compound, Metal Alloys, Polymers, Glass Composites and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Light Emitting Diode (LED) Packaging Market
Growing consumer demand for energy-efficient lighting systems, rise in the awareness about the benefits of LED’s, and high penetration of LEDs as a light source in the general lighting are the major factors attributable to the growth of light emitting diode (LED) packaging market. Data Bridge Market Research analyses that the light emitting diode (LED) packaging market will exhibit a CAGR of 4.20% for the forecast period of 2021-2028.
From the name itself, it is clear that light emitting diode (LED) packaging refers to the packaging solutions that are used to package the light emitting diodes (LED). LED technology has caught many eyeballs of different industries owing to the wide range of benefits offered by it. The light emitting diode (LED) packaging comprises of using different materials that helps to protect it from getting damaged.
Rising focus on the adoption of IoT-enabled lighting fixtures and smart lighting solutions will emerge as the major market growth driving factor. Growing industrialization and rising initiatives by the government to promote the use of LEDs will further aggravate the market value. Growing adoption of chip scale package (CSP) by automotive sector and surge in the demand for disinfection systems amid COVID-19 will further carve the way for the growth of the market.
However, slowdown in the manufacturing rate owing to covid-19 crises will act as a growth restraint for the market. Saturation owing to the presence of a large number of manufacturers will further dampen the growth rate of the market. Dearth of technical expertise in the underdeveloped economies is another market growth restraint.
This light emitting diode (LED) packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on light emitting diode (LED) packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Light Emitting Diode (LED) Packaging Market Scope and Market Size
The light emitting diode (LED) packaging market is segmented on the basis of package type, application, power range, wavelength and packaging material. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
The light emitting diode (LED) packaging market on the basis of package type has been segmented into chip-on-board (COB), surface-mount device (SMD), chip scale package (CSP) and others.
- Based on application, the light emitting diode (LED) packaging market has been segmented into general lighting, automotive lighting, backlighting, flash lighting, industrial and others.
- On the basis of power range, the light emitting diode (LED) packaging market has been segmented into low- and mid-power LED packages and high-power LED packages.
- On the basis of wavelength, the light emitting diode (LED) packaging market is segmented into visible and infrared and deep UV.
- On the basis of packaging material, the light emitting diode (LED) packaging market is segmented into plastic, Nano-ceramic, ceramics, silicone materials, epoxy moulding compound, metal alloys, polymers, glass composites and others.
Light Emitting Diode (LED) Packaging Market Country Level Analysis
The light emitting diode (LED) packaging market is analysed and market size, volume information is provided by country, package type, application, power range, wavelength and packaging material as referenced above.
The countries covered in the light emitting diode (LED) packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the light emitting diode (LED) packaging market and will continue to flourish its trend of dominance during the forecast period. This is because the rising adoption of high-end consumer electronics. Asia-Pacific region is projected to undergo substantial gains owing to the rising initiatives taken up by the government to promote awareness.
The country section of the light emitting diode (LED) packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Light Emitting Diode (LED) Packaging Market Share Analysis
The light emitting diode (LED) packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to light emitting diode (LED) packaging market.
The major players covered in the light emitting diode (LED) packaging market report are SAMSUNG, OSRAM GmbH., NICHIA CORPORATION, Seoul Semiconductor Co., Ltd., Lumileds Holding B.V., EVERLIGHT ELECTRONICS CO., LTD., Cree LED., LITE-ON Technology Corporation, EPISTAR Corporation, STANLEY ELECTRIC CO., LTD., Hongli Zhihui Group Co.,LTD., Lextar Electronics Corporation., Prolight Concepts (UK) Limited, Edison Opto Corp., SCHOTT AG, CITIZEN ELECTRONICS CO., LTD., TOYODA GOSEI Co., Ltd., TSLC, Violumas and Shenzhen Crescent Optoelectronic Co., Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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