Chip Scale Package (CSP) LED Market Size, Growth, Trend and Forecast | Global Market Estimates
Chip Scale Package (CSP) LED Market Insights
The global chip scale package (CSP) LED market is estimated to witness a high CAGR during the forecast period (2019-2026). Growing adoption in the automotive industry and increasing usage of technologies such as virtual reality & augmented reality are some of the major factors driving the chip-scale package (CSP) LED market. Growing investments in research & development activities is expected to propel the market growth. However, stringent environmental norms by the government and restricted premium products are likely to hamper the market growth during the forecast period. Also, heat dissipation and thermal problems for device designers are a major challenge for the market.
Chip Scale Package (CSP) LED Market: By Power Range
On the basis of power range, the global chip scale package (CSP) LED market is segmented into low & mid power, and high power. The high-power range segment is expected to grow at the highest CAGR during the forecast period.
Chip Scale Package (CSP) LED Market: By Application
On the basis of application, the chip scale package (CSP) LED market is segmented into the backlighting unit (BLU), general lighting, automotive, and flash lighting, among others. The automotive lighting industry is estimated to account for the largest market share, in terms of value & volume during the forecast period. The general lighting application is expected to grow at the highest CAGR between 2019 and 2026.
Chip Scale Package (CSP) LED Market: By Region
On the basis of region, the market for chip scale package (csp) LED is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. Europe is expected to witness considerable growth in the chip scale package (CSP) LED market during the forecast period. Growing automotive, and general lighting in the region is propelling the market growth. Growing LED packaging market in emerging countries including China, India, Japan, South Korea and Singapore among others is propelling the market growth in the Asia-Pacific region.
Chip Scale Package (CSP) LED Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are LedRise, Cenogent, and Rohm among others.
Chip Scale Package (CSP) LED Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Chip Scale Package (CSP) LED market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Chip Scale Package (CSP) LED Market Share & Competitor Analysis
Some of the key players operating in the Chip Scale Package (CSP) LED market are Lumileds, Samsung Electronics, Seoul Semiconductor, Osram Opto Semiconductors, LG Innotek, Nichia, Epistar, Cree, Genesis Photonics, Lumens Co., Ltd., Semileds Corporation, Lextar Electronics, Shenzhen Mtc, Unistars, Shenzhen Dpower Opto-Electronic, Plessey Semiconductors, Cambridge Nanotherm, Hongli Zhihui Group (Honglitronic), Bridgelux, Optoled, and Everlight Electronics among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In October 2019, Seoul Semiconductor's SunLike Series Natural Spectrum signed an agreement to acquire British Lighting Brand WLA for human centric lighting in educational buildings and offices.
In July 2019, Osram Opto Semiconductors announced the expansion of its horticultural LED with purple power lighting which is cost-effective and has a lower power consumption.
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The global Chip Scale Package (CSP) LED Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Chip Scale Package (CSP) LED Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies.
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