"Smart Strategies, Giving Speed to your Growth Trajectory"

LED Packaging Market Size, Share & Industry Analysis, By Packaging Type (Surface Mount Device (SMD), Chips On Board (COB), Chip Scale Package (CSP), Others), By Application (General Lighting, Automotive Lighting, Backlighting, Residential, Industrial, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105177 | Status : Ongoing

 

KEY MARKET INSIGHTS

Light-emitting diode (LED) packages encapsulate the chip with LED phosphors to shield the LED chip from direct contact with the environment. The LED packaging links outer leads to the electrode of LED chips for improving its luminescence efficiency. Increasing demand for high-power LED packages in lighting applications is anticipated to drive the LED packaging market's growth. The rise in demand for LED packages in the smart display panel is also likely to fuel market growth in the near future. The government in various countries has imposed regulations to promote the use of energy-efficient LEDs for environmental benefits. Thus, the government's favorable initiatives would be likely to impact the market growth positively. 


Demand for smart lighting and IoT-enabled lighting fixtures has risen exceptionally, which would further propel the demand for LED packaging solutions. The high-quality interior and exterior LED lighting are gaining much demand in the automobile sector. Thus, growing automotive lighting applications will support the market growth significantly during the forecast period. The growing demand for smart LEDs in the consumer electronics industry is driving the LED packaging market growth. Moreover, during the global COVID-19 pandemic, the demand for efficient ultra-violet LED packages have been escalated for the disinfection systems. UV-C LEDs' ability to eliminate bacteria and viruses with higher reliability has upsurged the LED packaging demand during the pandemic situation.

Up Arrow

Key Market Driver -

• Increasing demand for cost-effective smart lighting solutions would be likely to drive the market • Government initiatives and regulations to adopt energy-efficient LEDs will accelerate the demand

Down Arrow

Key Market Restraint -

• High saturation in the LED market due to the presence of a large number of manufacturers may affect the market growth

     

Key Players Covered:


The global LED packaging market's key players have primarily focused on organic business growth strategies such as new product launches, product enhancements, product approvals, and others. The intense competition in the global market is confining the margin, as there is a continuous decline in cost by vendors to gain substantial market share. Several vendors are adopting fundamental business growth strategies such as partnerships and collaboration to uplift their global market position. Inorganic growth strategies such as mergers and acquisitions help market players to sustain their business competence. These strategies have paved-way for expanding the customer base and business of vendors.

The key players operating the global LED packaging market include Citizen Electronics Co. Ltd., Cree Inc., Everlight Americas Inc., LG INNOTEK, Merck KGaA, Lumileds Holding B.V., Nichia Corporation, OSRAM GmbH, Seoul Semiconductor Co. Ltd., Stanley Electric Co., Toyoda Gosei Co. Ltd., and among others.

Regional Analysis:


North America would be likely to drive substantial growth of the LED packaging market owing to the rising demand for energy-efficient lighting systems. The proliferation of smart infrastructure projects, including smart cities, smart buildings, smart vehicles, will further escalate the demand for LED and packaging applications. The continually decreasing prices of LED products will likely to increase the adoption.  Further, stringent government regulations supporting energy-efficient LEDs would be expected to drive the North American market. For instance, in September 2019, the United States Department of Energy (DOE) made a new policy that may abolish the looming policy requiring a wider transition to LED sources, starting January 2020. This policy will be likely to support the market growth across North America.​

The Asia-Pacific would be anticipated to dominate the LED packaging market. This dominance of Asia-Pacific can be attributed to the growing adoption of consumer electronics products such as smartphones, wearables in China, India, and Japan. These consumer electronic devices progressively incorporate flash LED and micro-LEDs, which may positively impact overall market growth. The rising demand for energy-efficient products will drive LEDs' adoption and ultimately propel the market growth. Thus, transformation and development of infrastructure across the Asia-Pacific would also drive the smart street lighting demand, thereby driving the LED packaging package in this region.

To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTE

  DETAILS

By Packaging Type



  • Surface Mount Device (SMD)

  • Chips On Board (COB)

  • Chip Scale Package (CSP)

  • Others



By Application



  • General Lighting

  • Automotive Lighting

  • Backlighting

  • Residential

  • Industrial

  • Others



By Geography



  • North America (the United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (the U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)



Key Industry Developments:



  • November 2018 - Nichia Corporation launched the color temperature-tunable COB light-emitting diode (LED) series. The newly launched LEDs have involved COB packaging, which itself controls the color and light emission of the tunable LEDs.

  • January 2018 - Lumileds Holding B.V. launched an innovative 5×5 mm packaged light-emitting diodes (LED). These LEDs have high-power specifications and targets industrial and all outdoor solid-state lighting applications.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Information & Technology Clients
Bain & Company
Lg
Samsung
Lek
Hitachi
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X