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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.
LED Packaging Market Market by Type, Packaging Material, and Application

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
LED Packaging Market by Segments

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.
Table of Contents

1. Executive Summary

2. Global LED Packaging Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global LED Packaging Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global LED Packaging Market by Type
3.3.1: Chip-on-Board
3.3.2: Surface-Mount-Device
3.3.3: Chip Scale Package
3.4: Global LED Packaging Market by Packaging Material
3.4.1: Lead Frames
3.4.2: Substrates
3.4.3: Ceramic Packages
3.4.4: Bonding Wire
3.4.5: Others
3.5: Global LED Packaging Market by Application
3.5.1: General Lighting
3.5.2: Automotive Lighting
3.5.3: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global LED Packaging Market by Region
4.2: North American LED Packaging Market
4.2.1: North American LED Packaging Market by Type: Chip-on-Board, Surface-Mount-Device, and Chip Scale Package
4.2.2: North American LED Packaging Market by Application: General Lighting, Automotive Lighting, and Others
4.3: European LED Packaging Market
4.3.1: European LED Packaging Market by Type: Chip-on-Board, Surface-Mount-Device, and Chip Scale Package
4.3.2: European LED Packaging Market by Application: General Lighting, Automotive Lighting, and Others
4.4: APAC LED Packaging Market
4.4.1: APAC LED Packaging Market by Type: Chip-on-Board, Surface-Mount-Device, and Chip Scale Package
4.4.2: APAC LED Packaging Market by Application: General Lighting, Automotive Lighting, and Others
4.5: ROW LED Packaging Market
4.5.1: ROW LED Packaging Market by Type: Chip-on-Board, Surface-Mount-Device, and Chip Scale Package
4.5.2: ROW LED Packaging Market by Application: General Lighting, Automotive Lighting, and Others

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global LED Packaging Market by Type
6.1.2: Growth Opportunities for the Global LED Packaging Market by Packaging Material
6.1.3: Growth Opportunities for the Global LED Packaging Market by Application
6.1.4: Growth Opportunities for the Global LED Packaging Market by Region
6.2: Emerging Trends in the Global LED Packaging Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global LED Packaging Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global LED Packaging Market
6.3.4: Certification and Licensing


7. Company Profiles of Leading Players
7.1: Cree
7.2: Osram
7.3: Samsung
7.4: LG Innotek
7.5: Epistar
7.6: Seoul Semiconductor
7.7: Stanley Electric
7.8: Everlight Electronics
7.9: LumiLEDs
7.10: DowDuPont
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.