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Pulished Date April, 2021
ID: 9890
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LED Packaging Market Segmentation By Package Type (Surface Mount Device Package/SMD, Chip on Board Package/COB, Chip Scale Package/CSP, and Others), By Packaging Material (Lead Frames, Substrates, Ceramic Packages, Bonding Wire, Encapsulation Resins, and Other Packaging Materials), and By Application (Residential Lighting, Industrial Lighting, Outdoor Lighting, Automotive Lighting, Backlighting, and Others) Industry Forecast | 2021 to 2026

Pulished: April, 2021
ID: 9890
Pages: 175

Market Overview

The Global LED Packaging Market is anticipated to progress in a considerable way during the outlook period. It is estimated that the target market will valued around USD 29.23 billion by 2026 from USD 20.60 billion in 2021, registering a CAGR of 6% over the period of 2021 to 2026.

Led packaging is utilized for the outer leads to be linked to the electrode of LED chips, for protecting the chips and for improving the luminescence efficiency of it. In the earlier days, LEDs came in the cases made of metal, which are similar to transistors, with a glass window or lens to provide light and air. Whereas, the modern indicator LEDs are getting packaged in the plastic cases that are transparent molded-in tubular or rectangular shapes, and are often tinted to match the color of the device.

In recent times, the popularity of these LED packaging industries is gaining in the market with a considerable growth rate. The fact that numerous LED products that are utilized in the cruise ship lights, industrial, hospital, and residential lightning illuminate their facades is the major influencing factor for the growth of the target market's popularity. Moreover, this growth in the popularity of the LED Packaging Market is providing immense revenue for the market which is resulting in the growth in the end-use industry.

Recent Developments

  • Toyoda Gosei Co., Ltd, one of the key players in the Global LED Packaging Market, is investing in the Uhuru Corporation which is a venture business that provides services and solutions with the huge amounts of data in cloud computing.
  • EVERLIGHT has released the UVC LED Series ELUC3535NUB which is helpful for Medical Treatment, Water, and Air Purification/Sterilization.

Drivers and Restraints of LED Packaging Market

The augmenting need for the high power grade LED Packages for the lighting applications and the rising demand for LED Packages in the display panel market are the major drivers for the growth of the Global LED Packaging Market. Also, the growing initiatives by various governments and the imposition of regulations for increasing the adoption of the energy-efficient LEDs are further fuelling the growth of the target market over the forecast period. Furthermore, the mounting call for smart lighting solutions is touted to a driving element in the growth of the LED Packaging Market in the coming years.

However, the impregnation in the market is the major restraint that was hampering the growth of the LED Packaging Market, all around the world. In addition, the lack of common open standards in various regions in the world is the challenge that was hindering the growth of the target market.

Nonetheless, the rising demand for these packaging from the horticulture markets and the rising growth of the LED Filament Bulb Market are creating lucrative growth opportunities for the expansion of the payers in the Global LED Packaging Market.

Impact of Covid-19 on LED Packaging Market

The effect of the outbreak of coronavirus on the Global LED Packaging Market is in a negative way. It is because of the slowdown in the growth of the adoption of LEDs among the consumers because of the economic recessions all around the world.

Market Segmentation of LED Packaging Market

Based on the type of Package, the global LED Packaging market is segmented into Surface Mount Device Package (SMD), Chip on Board Package (COB), Chip Scale Package (CSP), and Others.

On the packaging material outlook, the global LED Packaging market is categorized into Lead Frames, Substrates, Ceramic Packages, Bonding Wire, Encapsulation Resins, and Other Packaging Materials. Of these, the Substrates segment is sub-segmented into Silicon Carbide, Silicon, and Sapphire. And the Ceramic Packages segment is sub-segmented into LEDs With Sintered Ceramic Package, LEDs With Ceramic Substrate & Silicon, and LEDs With Ceramic Substrate & Glass.

On the application segmentation, the global LED Packaging market is divided as General Lighting, Automotive Lighting, Backlighting, and Other Applications. Among these, the General Lighting segment is sub-segmented into Residential Lighting, Industrial Lighting, Outdoor Lighting, and Other General Lighting. And the Automotive Lighting segment is sub-segmented into Interior Lighting and Exterior Lighting.

LED Packaging Market Region wise analysis

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

In the regional analysis of the Global LED Packaging Market, Asia-Pacific market held for the major share of the global market, in the revenue aspect. The major factor that was driving the growth of the target market in this region is the presence of emerging and developed economies such as China, Japan, Taiwan, and South Korea, which are providing the major revenue because of the presence of key industry players in these nations. In addition, implementation of the various regulatory policies by the government in China that are encouraging the adoption of these packaging technologies through incentives and subsidies that are for enhancing the domestic production capacity. Further, the regional markets in North America and Europe are the other = markets that are contributing to the growth of the Global LED Packaging Market's revenue.

Key Players of LED Packaging Market

The key players of the Global LED Packaging Market includes Nichia Corporation (Japan), Samsung (South Korea), Osram Licht AG (Germany), LG Innotek (South Korea), Cree, Inc. (US), Lumileds Holding B.V. (Netherlands), Seoul Semiconductor Co., Ltd (South Korea), Stanley Electric Co., Ltd.  (Japan), Everlight Electronics Co., Ltd. (Taiwan), Epistar Corporation (Taiwan), Toyoda Gosei Co., Ltd. (Japan), TT Electronics plc (UK), Kulicke and Soffa Industries, Inc. (Singapore), Dow Corning Corporation (US), and Citizen Electronics Co., Ltd (Japan), among others.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 LED Packaging Market, By Packaging Type           

                    6.1.1 Surface Mount Device Package/SMD       

                    6.1.2 Chip on Board Package/COB         

                    6.1.3 Chip Scale Package/CSP     

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 LED Packaging Market, By Packaging Material                 

                    6.2.1 Lead Frames  

                    6.2.2 Substrates     

                    6.2.3 Ceramic Packages    

                    6.2.4 Bonding Wire 

                    6.2.5 Encapsulation Resins

                    6.2.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.7 Y-o-Y Growth Rate Analysis         

                    6.2.8 Market Attractiveness Index         

          6.3 LED Packaging Market, By Application                  

                    6.3.1 Residential Lighting 

                    6.3.2 Industrial Lighting    

                    6.3.3 Outdoor Lighting     

                    6.3.4 Automotive Lighting

                    6.3.5 Backlighting   

                    6.3.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.7 Y-o-Y Growth Rate Analysis         

                    6.3.8 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Packaging Type   

                    7.2.3 By Packaging Material        

                    7.2.4 By Application

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Packaging Type   

                    7.3.3 By Packaging Material        

                    7.3.4 By Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Packaging Type   

                    7.4.3 By Packaging Material        

                    7.4.4 By Application

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Packaging Type   

                    7.5.3 By Packaging Material        

                    7.5.4 By Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Packaging Type   

                    7.6.3 By Packaging Material        

                    7.6.4 By Application

8. Key Player Analysis                           

          8.1 Nichia Corporation                

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Samsung          

          8.3 Osram Licht AG          

          8.4 LG Innotek                 

          8.5 Cree, Inc          

          8.6 Lumileds Holding B.V            

          8.7 Seoul Semiconductor Co., Ltd          

          8.8 Stanley Electric Co., Ltd                   

          8.9 Everlight Electronics Co., Ltd           

          8.10 Dow Corning Corporation              

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global LED Packaging Market By Region, From 2021-2026 ( USD Billion )
  2. Global LED Packaging Market By Packaging Type, From 2021-2026 ( USD Billion )
  3. Global Surface Mount Device Package/SMD Market By Region, From 2021-2026 ( USD Billion )
  4. Global Chip on Board Package/COB Market By Region, From 2021-2026 ( USD Billion )
  5. Global Chip Scale Package/CSP Market By Region, From 2021-2026 ( USD Billion )
  6. Global LED Packaging Market By Packaging Material, From 2021-2026 ( USD Billion )
  7. Global Lead Frames Market By Region, From 2021-2026 ( USD Billion )
  8. Global Substrates Market By Region, From 2021-2026 ( USD Billion )
  9. Global Ceramic Packages Market By Region, From 2021-2026 ( USD Billion )
  10. Global Bonding Wire Market By Region, From 2021-2026 ( USD Billion )
  11. Global Encapsulation Resins Market By Region, From 2021-2026 ( USD Billion )
  12. Global LED Packaging Market By Application, From 2021-2026 ( USD Billion )
  13. Global Residential Lighting Market By Region, From 2021-2026 ( USD Billion )
  14. Global Industrial Lighting Market By Region, From 2021-2026 ( USD Billion )
  15. Global Outdoor Lighting Market By Region, From 2021-2026 ( USD Billion )
  16. Global Automotive Lighting Market By Region, From 2021-2026 ( USD Billion )
  17. Global Backlighting Market By Region, From 2021-2026 ( USD Billion )

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