LED Packaging Market, 2023 by Type (SMD, COB, CSP), Packaging Material (Lead Frames, Substrates, Bonding Wire, Encapsulation Resins) & Application (General Lighting, Automotive Lighting, Backlighting) – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "LED
Packaging Market by Package Type (SMD, COB, CSP), Packaging Material
(Lead Frames, Substrates, Bonding Wire, Encapsulation Resins),
Application (General Lighting, Automotive Lighting, Backlighting), and
Geography – Global Forecast to 2023" report has been added to ResearchAndMarkets.com's
offering.

The LED Packaging Market is expected to reach US$26.39 billion by 2023
from US$18.41 billion in 2017, at a CAGR of 6.2%.

The key drivers for the growth of the LED packaging market include the
increasing demand for high power grade LED packages for lighting
applications; the rising demand for LED packages in the market for
display panels; growing government initiatives and regulations to adopt
energy-efficient LEDs; and the increasing demand for smart lighting
solutions. However, high saturation in the market is expected to
restrict adoption, which in turn, may limit market growth to a certain
extent.

The increased adoption of CSP over standard SMD is mainly due to
advantages such as reduced package footprint, thin profile, and reduced
weight, as well as better electrical performance and area array
distribution of connections. Size reduction in CSP is mainly due to the
ball grid array design of the package, which saves printed circuit board
routing space by designing all interconnects under the package in a ball
grid array style.

In 2016, general lighting application accounted for the largest share of
the market and is expected to continue its growth during the forecast
period. The potential to save energy on a large scale is one of the most
attractive aspects of LED technology. It is known to major LED packaging
manufacturers that the adoption rate of LED light sources will not
increase on the basis of its energy efficiency alone, as customers in
the residential sector are not focused on energy savings achieved by
LEDs.

However, a range of factors, including overall efficiency, practical
design, consistent performance, and price point, will decide how well
LEDs would fare against conventional lighting sources in residential
applications. The major focus of governments in India, China, and Brazil
for the development and implementation of efficient energy technology
and various subsidies given for LED lighting, will boost the market for
LED materials in these countries.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 LED Packaging Market, By Package Type

7 LED Packaging Market, By Packaging Material

8 LED Packaging Market, By Application

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

• Cambridge Nanotherm
• Citizen Electronics
• Cree
• Dow Corning
• Epistar
• Everlight Electronics
• Kaistar Lighting
• Kulicke & Soffa
• LG Innotek
• Lumileds
• Momentive
• Nichia
• Osram
• Samsung
• Semileds
• Seoul Semiconductor
• Stanley Electric
• Toyoda Gosei
• Tt Electronics
• Xiamen Xindeco Optoelectronics

For more information about this report visit https://www.researchandmarkets.com/research/5jmqfv/led_packaging?w=4

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Related
Topics: LED
(Light Emitting Diodes)