LED Packaging Trends and Forecast
The future of the global LED packaging market looks promising with opportunities in the general lighting and automotive lighting markets. The global LED packaging market is expected to reach an estimated $29.2 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are rising demand for lighting applications using high power grade LED packages, increased demand for smart lighting systems and IoT-enabled lighting fixtures, and current laws and programs encouraging the use of LEDs for environmental protection and energy efficiency.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
LED Packaging by Segment
The study includes a forecast for the global LED packaging by type, packaging material, application, and region.
LED Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Chip-On-Board
• Surface-Mount-Device
• Chip Scale Package
LED Packaging Market by Packaging Material [Shipment Analysis by Value from 2018 to 2030]:
• Lead Frames
• Substrates
• Ceramic Packages
• Bonding Wire
• Others
LED Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• General Lighting
• Automotive Lighting
• Others
LED Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of LED Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies LED packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the LED packaging companies profiled in this report include-
• Cree
• Osram
• Samsung
• LG Innotek
• Epistar
• Seoul Semiconductor
• Stanley Electric
• Everlight Electronics
• Lumileds
• DowDuPont
LED Packaging Market Insights
LED Packaging Market Insights
Lucintel forecasts that surface-mount-device is expected to witness the highest growth over the forecast period because the SMD LED packages, which have a superior energy economy than other traditional light sources, are finding more and more use in luminaires.
Within this market, general lighting will remain the larger segment.
APAC is expected to witness highest growth over the forecast period due to rising uptake of high-end consumer gadgets in China and Japan, including wearables and smartphones, as well as, rapid infrastructure development in China.
Features of the Global LED Packaging Market
Market Size Estimates: LED packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: LED packaging market size by type, packaging material, application, and region in terms of value ($B).
Regional Analysis: LED packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, packaging material, application, and regions for the LED packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the LED packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the LED packaging market size?
Answer: The global LED packaging market is expected to reach an estimated $29.2 billion by 2030.
Q2. What is the growth forecast for LED packaging market?
Answer: The global LED packaging market is expected to grow with a CAGR of 5.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the LED packaging market?
Answer: The major drivers for this market are rising demand for lighting applications using high power grade LED packages, increased demand for smart lighting systems and IoT-enabled lighting fixtures, and current laws and programs encouraging the use of LEDs for environmental protection and energy efficiency.
Q4. What are the major segments for LED packaging market?
Answer: The future of the global LED packaging market looks promising with opportunities in the general lighting and automotive lighting markets.
Q5. Who are the key LED packaging market companies?
Answer: Some of the key LED packaging companies are as follows:
• Cree
• Osram
• Samsung
• LG Innotek
• Epistar
• Seoul Semiconductor
• Stanley Electric
• Everlight Electronics
• Lumileds
• DowDuPont
Q6. Which LED packaging market segment will be the largest in future?
Answer: Lucintel forecasts that surface-mount-device is expected to witness the highest growth over the forecast period because the SMD LED packages, which have a superior energy economy than other traditional light sources, are finding more and more use in luminaires.
Q7. In LED packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising uptake of high-end consumer gadgets in China and Japan, including wearables and smartphones, as well as, rapid infrastructure development in China.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the LED packaging market by type (chip-on-board, surface-mount-device, and chip scale package), packaging material (lead frames, substrates, ceramic packages, bonding wire, and others), application (general lighting, automotive lighting, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to LED Packaging Market, LED Packaging Market Size, LED Packaging Market Growth, LED Packaging Market Analysis, LED Packaging Market Report, LED Packaging Market Share, LED Packaging Market Trends, LED Packaging Market Forecast, LED Packaging Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.