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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

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

“The LED packaging market is likely to grow at a CAGR of 6.2% between 2017 and 2023”
The LED packaging market is expected to reach USD 26.39 billion by 2023 from USD 18.41 billion in 2017, at a CAGR of 6.2%. The key drivers for the growth of the LED packaging market include increasing demand for high power grade LED packages for lighting applications; rising demand for LED packages in the market for display panels; growing government initiatives and regulations to adopt energy-efficient LEDs; 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.

“CSP LEDs are expected to be the fastest growing segment in the LED packaging market during the forecast period”
The increased adoption of CSP over standard SMD is mainly due to the advantages such as reduced package footprint, thin profile, 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 results in saving printed circuit board routing space by designing all interconnects under the package in ball grid array style.

“General lighting application is expected to drive the growth of the LED packaging market”
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, would 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.

“APAC expected to register the highest growth rate in LED packaging market during the forecast period”
APAC accounted for the largest market for LED packaging in 2016. It is expected to be the fastest-growing market owing to the growth of applications such as general lighting, automotive, and backlighting. The surge in demand for applications such as general lighting, automotive, and backlighting is driven by high economic growth in the region. This, in turn, favors the growth of the LED packaging market in this region. These factors are encouraging many established market players to expand their reach in the region. The growth of the market in APAC is mainly driven by China, Japan Taiwan, and South Korea as these countries account for the largest market share of LED packaging in this region.

Germany, Italy, France, the UK, and Spain are some of the key European countries that contributed significantly to the use of LED packages in 2016. OSRAM and Lumileds are some of the major manufacturers present in this region. Europe is expected to hold a major share of the LED packaging market for the general lighting application owing to the high standard of living in these countries; with regard to the high GDP per capita rates, a large section of the population can afford energy-efficient lighting systems in their homes. The significant market share in the region is also attributed to the increasing awareness about energy conservation and implementation of various government initiatives toward the same.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key experts. Following is the breakup of the profile of primary participants:
• By Company Type: Tier 1 = 20%, Tier 2 = 39%, and Tier 3 = 41%
• By Designation: C-Level Executives = 27%, Directors = 31%, and Others = 42%
• By Region: North America = 39%, Europe = 27%, APAC = 18%, and RoW = 16%

The major players in the LED packaging market include Nichia (Japan), Samsung (South Korea), Osram (Germany), LG Innotek (South Korea), and Cree (US).

Research Coverage:
The report estimates the market size and future growth potential of the LED packaging market across different segments such as package type, packaging material, application, and geography. Moreover, the report includes the industry trends, market dynamics, and competitive analysis of the key players in the market, along with their company profiles, and recent developments.

Key Benefits of Buying the Report:
The report would help the market leaders/new entrants by providing them the closest approximations of the revenue numbers for the LED packaging segments and subsegments. Moreover, this report would help stakeholders to understand the competitor landscape better and gain insights to strengthen their businesses and have suitable go-to-market strategies. Furthermore, this report helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES FOR THE GROWTH OF LED PACKAGING MARKET
    • LED PACKAGING MARKET, BY PACKAGE TYPE
    • LED PACKAGING MARKET, BY COUNTRY
    • LED PACKAGING MARKET IN APAC, BY COUNTRY AND APPLICATION
    • LED PACKAGING MARKET, BY APPLICATION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
      • RESEARCH AND DEVELOPMENT
      • LED PACKAGING ORIGINAL EQUIPMENT MANUFACTURERS
      • KEY TECHNOLOGY PROVIDERS/SYSTEM INTEGRATORS
      • DISTRIBUTORS/MARKETERS
  • LED PACKAGING MARKET, BY PACKAGE TYPE
    • INTRODUCTION
      • Table LED PACKAGING MARKET, BY PACKAGE TYPE, 2014–2023 (USD BILLION)
    • SMD
    • COB
    • CSP
    • OTHERS
  • LED PACKAGING MARKET, BY PACKAGING MATERIAL
    • INTRODUCTION
      • Table LED PACKAGING MARKET, BY PACKAGING MATERIAL, 2014–2023 (USD BILLION)
    • LEAD FRAMES
    • SUBSTRATES
      • SILICON CARBIDE
      • SILICON
      • SAPPHIRE
    • CERAMIC PACKAGES
      • LEDS WITH SINTERED CERAMIC PACKAGE
      • LEDS WITH CERAMIC SUBSTRATE AND SILICON
      • LEDS WITH CERAMIC SUBSTRATE AND GLASS
    • BONDING WIRE
    • ENCAPSULATION RESINS
    • OTHER PACKAGING MATERIALS
  • LED PACKAGING MARKET, BY APPLICATION
    • INTRODUCTION
      • Table LED PACKAGING MARKET, BY APPLICATION, 2014–2023 (USD BILLION)
    • GENERAL LIGHTING
      • Table LED PACKAGING MARKET FOR GENERAL LIGHTING APPLICATION, BY TYPE, 2014–2023 (USD BILLION)
      • Table LED PACKAGING MARKET FOR GENERAL LIGHTING APPLICATION, BY REGION, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR GENERAL LIGHTING APPLICATION IN NORTH AMERICA, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR GENERAL LIGHTING APPLICATION IN EUROPE, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR GENERAL LIGHTING APPLICATION IN APAC, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR GENERAL LIGHTING APPLICATION IN ROW, BY COUNTRY, 2014–2023 (USD MILLION)
      • RESIDENTIAL LIGHTING
        • Table LED PACKAGING MARKET FOR RESIDENTIAL LIGHTING APPLICATION, BY REGION, 2014–2023 (USD MILLION)
      • INDUSTRIAL LIGHTING
        • Table LED PACKAGING MARKET FOR INDUSTRIAL LIGHTING APPLICATION, BY REGION, 2014–2023 (USD MILLION)
      • OUTDOOR LIGHTING
        • Table LED PACKAGING MARKET FOR OUTDOOR LIGHTING APPLICATION, BY REGION, 2014–2023 (USD MILLION)
      • OTHER GENERAL LIGHTING
        • Table LED PACKAGING MARKET FOR OTHER GENERAL LIGHTING APPLICATION, BY REGION, 2014–2023 (USD MILLION)
    • AUTOMOTIVE LIGHTING
      • Table LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING APPLICATION, BY TYPE, 2014–2023 (USD BILLION)
      • Table LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING APPLICATION, BY REGION, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING APPLICATION IN NORTH AMERICA, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING APPLICATION IN EUROPE, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING APPLICATION IN APAC, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING APPLICATION IN ROW, BY COUNTRY, 2014–2023 (USD MILLION)
      • INTERIOR LIGHTING
        • Table LED PACKAGING MARKET FOR INTERIOR LIGHTING APPLICATION, BY REGION, 2014–2023 (USD MILLION)
      • EXTERIOR LIGHTING
        • Table LED PACKAGING MARKET FOR EXTERIOR LIGHTING APPLICATION, BY REGION, 2014–2023 (USD MILLION)
    • BACKLIGHTING
      • Table LED PACKAGING MARKET FOR BACKLIGHTING APPLICATION, BY REGION, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR BACKLIGHTING APPLICATION IN NORTH AMERICA, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR BACKLIGHTING APPLICATION IN EUROPE, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR BACKLIGHTING APPLICATION IN APAC, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR BACKLIGHTING APPLICATION IN ROW, BY COUNTRY, 2014–2023 (USD MILLION)
    • OTHER APPLICATIONS
      • Table LED PACKAGING MARKET FOR OTHER APPLICATIONS, BY REGION, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR OTHER APPLICATIONS IN EUROPE, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR OTHER APPLICATIONS IN ROW, BY COUNTRY, 2014–2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table LED PACKAGING MARKET, BY REGION, 2014–2023 (USD BILLION)
    • NORTH AMERICA
      • Table LED PACKAGING MARKET IN NORTH AMERICA, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET IN NORTH AMERICA, BY APPLICATION, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR GENERAL LIGHTING APPLICATION IN NORTH AMERICA, BY TYPE, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING APPLICATION IN NORTH AMERICA, BY TYPE, 2014–2023 (USD MILLION)
      • US
        • Table LED PACKAGING MARKET IN US, BY APPLICATION, 2014–2023 (USD MILLION)
      • CANADA
        • Table LED PACKAGING MARKET IN CANADA, BY APPLICATION, 2014–2023 (USD MILLION)
      • MEXICO
        • Table LED PACKAGING MARKET IN MEXICO, BY APPLICATION, 2014–2023 (USD MILLION)
    • EUROPE
      • Table LED PACKAGING MARKET IN EUROPE, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET IN EUROPE, BY APPLICATION, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR GENERAL LIGHTING APPLICATION IN EUROPE, BY TYPE, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING APPLICATION IN EUROPE, BY TYPE, 2014–2023 (USD MILLION)
      • GERMANY
        • Table LED PACKAGING MARKET IN GERMANY, BY APPLICATION, 2014–2023 (USD MILLION)
      • FRANCE
        • Table LED PACKAGING MARKET IN FRANCE, BY APPLICATION, 2014–2023 (USD MILLION)
      • ITALY
        • Table LED PACKAGING MARKET IN ITALY, BY APPLICATION, 2014–2023 (USD MILLION)
      • UK
        • Table LED PACKAGING MARKET IN UK, BY APPLICATION, 2014–2023 (USD MILLION)
      • REST OF EUROPE
        • Table LED PACKAGING MARKET IN REST OF EUROPE, BY APPLICATION, 2014–2023 (USD MILLION)
    • APAC
      • Table LED PACKAGING MARKET IN APAC, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET IN APAC, BY APPLICATION, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR GENERAL LIGHTING APPLICATION IN APAC, BY TYPE, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING APPLICATION IN APAC, BY TYPE, 2014–2023 (USD MILLION)
      • CHINA
        • Table LED PACKAGING MARKET IN CHINA, BY APPLICATION, 2014–2023 (USD MILLION)
      • JAPAN
        • Table LED PACKAGING MARKET IN JAPAN, BY APPLICATION, 2014–2023 (USD MILLION)
      • TAIWAN
        • Table LED PACKAGING MARKET IN TAIWAN, BY APPLICATION, 2014–2023 (USD MILLION)
      • SOUTH KOREA
        • Table LED PACKAGING MARKET IN SOUTH KOREA, BY APPLICATION, 2014–2023 (USD MILLION)
      • INDIA
        • Table LED PACKAGING MARKET IN INDIA, BY APPLICATION, 2014–2023 (USD MILLION)
      • REST OF APAC
        • Table LED PACKAGING MARKET IN REST OF APAC, BY APPLICATION, 2014–2023 (USD MILLION)
    • ROW
      • Table LED PACKAGING MARKET IN ROW, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET IN ROW, BY APPLICATION, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR GENERAL LIGHTING APPLICATION IN ROW, BY TYPE, 2014–2023 (USD MILLION)
      • Table LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING APPLICATION IN ROW, BY TYPE, 2014–2023 (USD MILLION)
      • MIDDLE EAST & AFRICA
        • Table LED PACKAGING MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2014–2023 (USD MILLION)
      • SOUTH AMERICA
        • Table LED PACKAGING MARKET IN SOUTH AMERICA, BY APPLICATION, 2014–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • RANKING OF PLAYERS, 2016
      • Table LED PACKAGING MARKET RANKING ANALYSIS, 2016
    • COMPETITIVE SCEANRIO
      • PRODUCT LAUNCHES
        • Table PRODUCT LAUNCHES, 2015–2017
      • AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, CONTRACTS, &JOINT VENTURES
        • Table AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, CONTRACTS & JOINT VENTURES, 2015–2017
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS
  • COMPANY PROFILES
    • INTRODUCTION
    • CREE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • OSRAM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAMSUNG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • NICHIA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • LG INNOTEK
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • EPISTAR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SEOUL SEMICONDUCTOR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • STANLEY ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EVERLIGHT ELECTRONICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LUMILEDS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TOYODA GOSEI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TT ELECTRONICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • KULICKE & SOFFA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DOW CORNING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CITIZEN ELECTRONICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KEY INNOVATORS
      • KAISTAR LIGHTING
      • XIAMEN XINDECO OPTOELECTRONICS
      • MOMENTIVE
      • SEMILEDS
      • CAMBRIDGE NANOTHERM
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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