Chip Scale Package (CSP) LED market size is expected to reach USD 3,994.9 Million in 2028 and register a steady revenue CAGR of 18.0% over the forecast period, according to latest analysis by Emergen Research. Increasing demand for chip scale package LED from automotive sector to replace conventional technology headlights, rise in low thermal resistance, increased package density, and uniform current spreading for low droop are features that are driving adoption and fueling market revenue growth.
Rising demand for chip scale package LEDs in residential and commercial sectors is also driving market revenue growth. High luminescence provided by chip scale package LED is resulting in increasing deployment by construction companies. These products are also used across hospitals and banks, which has created fresh opportunities for players in the market. Absence of alternative for LEDs is another factor driving growth of the market.
Chip scale package LEDs are designed for sophisticated retail lighting in branded jewelry and fashion boutiques stores. Professional designs for small luminaires and customized Chip-on-Board (CoB) are main applications supported by CSP LEDs, as it enables smaller and narrowest beam angle spotlights. Surge in adoption in general lighting and rapid developments in CSP LEDs with GaN-on-Si (Gallium Nitride on Silicon) is expected to further drive revenue growth of the market in the coming years. However, overburden on LED foundries acts as a restraining factor for market growth.
The report offers a comprehensive assessment of recent technological developments, product advancements, current and emerging trends, key statistical data, forecast estimation, and major companies operating in the market. The report covers the impact of the pandemic on the Chip Scale Package LED industry with a special focus on the affected key segments of the industry. According to our analysts, the market is expected to regain momentum in a post-COVID-19 scenario. The report also analyses key elements such as growth trends, concentration area, business expansion strategies, market reach, and other key features that offer companies insightful data to fortify their position in the Chip Scale Package LED industry.
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The research study presents an industry-wide summary of the Chip Scale Package LED market including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The global Chip Scale Package LED research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2021-2028.
Some Key Highlights From the Report
In November 2020, Harvatek Corporation launched a new LED product in chip scale package. The LED has low power dissipation and high brightness and as there are no wire bonding, processing time is also reduced. The product has several unique features such as flip chip technology, which means the chips in LED have low thermal resistance.
High power segment accounted for a significantly larger revenue share in 2020 due to increase in demand for chip scale package LED in road lighting, high area lighting, and architectural lights. High powered LEDs are very efficient and used mainly for outdoor and industrial lighting.
CSP LEDs are increasingly being used in automotive headlamps which require beam shape control and high intensity. Latest development in matrix headlights include chip scale package LEDs, which improve matrix resolution, improve driver vision, and enhance Advanced Front Light Systems (AFLS) along with cameras. Chip scale package LEDs are qualified to meet cooling process requirement, and as it does not have wire connection, LEDs are not damaged by vibration and offer longer service life.
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Leading Players Profiled in the Report:
LG Innotek, Lumileds, Seoul Semiconductor, Samsung Electronics, Cree, Nichia, Osram Opto Semiconductors, Genesis Photonics, Epistar, and Lextar Electronics.
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The report on the Chip Scale Package LED market gives an in-depth statistical analysis to examine the fastest growing sectors in the market while speculating the demand and supply, consumption power, spending capacity and distribution channel globally. The report identifies the overall growth in the import and export and derives the future trends that the industry might witness. The study also applies primary and secondary research methods to assess the annual and financial performance of the top vendors and insights from market leaders. The researcher also discusses the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Chip Scale Package LED market for the forecast period from 2020 to 2028. The report will empower companies to understand the opportunities, adapt to their consumer demands, needs, and concentrate on their best end-users.
Regional Outlook (Revenue, USD Billion; 2018–2028)
Middle East & Africa
The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.
Emergen Research has segmented the global Chip Scale Package LED market on the basis of power, application, end-use, and region:
Power Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue, USD Million; 2018–2028)
Backlighting Unit (BLU)
End-use Outlook (Revenue, USD Million; 2018–2028)
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Examine the size of the global Chip Scale Package LED market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Chip Scale Package LED market.
Explore the underlying dynamics of the global Chip Scale Package LED market.
Highlight significant trends of the global Chip Scale Package LED market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Chip Scale Package LED market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Chip Scale Package LED market.
Forecast the market size and share of all segments and regions in the global landscape.
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