According to a new market report by Lucintel, the future of the
chip scale package (CSP) LED market looks promising with opportunities in the backlighting unit, flash lighting, general lighting, and automotive applications. The global chip scale package (CSP) LED market is expected to grow with a CAGR of 17% from 2020 to 2025. The major growth drivers for this market are small form factor, wide beam angle, high package density, and increasing adoption in general lighting applications.
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In this market, backlighting unit, flash lighting, general lighting, automotive, and others are the major applications in chip scale package (CSP) LED market. Lucintel forecasts that the automotive industry is expected to witness the highest growth over the forecast period due to its low thermal resistance and uniform current spreading and growth of the automotive lighting market
Within this market, the low- & mid-power, and high-power are the major power range.
APAC is expected to remain the largest market due to the presence of leading CSP LED manufacturers and customers spread across countries such as South Korea, China, Japan, and Taiwan.
Apollo, Samsung, Seoul Semiconductor, LG Innotek, OSRAM, Nichia, EPISTAR, Smart Global Holdings, Genesis Photonics, and Lumens are among the major manufacturers of the chip scale package (CSP) LED market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the chip scale package (CSP) LED market by application, power range, and region. Lucintel has prepared a comprehensive research report titled
“Growth Opportunities in the Global Chip Scale Package (CSP) LED Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global chip scale package (CSP) LED market by application, power range, and region as follows:
By Application [$M shipment analysis for 2014 – 2025]:
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Backlighting Unit
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Flash Lighting
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General Lighting
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Automotive
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Others
By Power Range [$M shipment analysis for 2014 – 2025]:
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Low- & Mid-Power
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High-Power
By Region [$M shipment analysis for 2014 – 2025]:
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United States
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Canada
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Mexico
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China
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Japan
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India
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South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at
helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
