Chip Scale Package LED Market Forecast Report | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2028
According to Emergen Research, the global Chip Scale Package LED Market is expected to reach USD 3,994.9 Million in 2028, with a steady revenue CAGR of 18.0% over the forecast period. Increased demand for chip scale package LED from the automotive sector to replace conventional technology headlights, as well as improvements in low thermal resistance, increased package density, and uniform current spreading for low droop, are driving adoption and fueling market revenue growth.
Primary and secondary data are used in the research methodology. To estimate and validate the size of the market and its dependent submarkets, both top-down and bottom-up approaches were used. Secondary research was used to identify the market’s key players. References such as annual reports, company press releases, Factiva, and investor presentations of companies; white papers, consumer electronics exhibitions, certified publications; websites; directories; and databases are examples of secondary sources. All percentage shares and breakdowns were calculated using secondary sources and verified using primary sources.
This Chip Scale Package LED market report contains information on new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, 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, and so on. For more information on the Chip Scale Package LED market, contact Emergen Research for an Analyst Brief; our team will assist you in making an informed market decision in order to achieve market growth.
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Some Key Highlights from the Report
Harvatek Corporation will launch a new LED product in chip scale package in November 2020. The LED has low power dissipation and high brightness, and because no wire bonding is required, processing time is reduced. The product has several distinguishing features, including flip chip technology, which means the LED chips have low thermal resistance.
Due to increased demand for chip scale package LED in road lighting, high area lighting, and architectural lights, the high power segment accounted for a significantly larger revenue share in 2020. High-powered LEDs are extremely efficient and are primarily used for outdoor and industrial lighting.
Due to high demand for chip scale package LED in general lighting and automotive, Europe is expected to grow rapidly during the forecast period. The region’s presence of major market players and general lighting customers will drive market revenue growth.
LG Innotek, Lumileds, Seoul Semiconductor, Samsung Electronics, Cree, Nichia, Osram Opto Semiconductors, Genesis Photonics, Epistar, and Lextar Electronics are among the market’s key players.
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)
- Low Power
- Mid Power
- High Power
Application Outlook (Revenue, USD Million; 2018–2028)
- General Lighting
- Backlighting Unit (BLU)
- Flash Lighting
- Automotive Lighting
End-use Outlook (Revenue, USD Million; 2018–2028)
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest Of MEA
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