Chip Scale Package LED Market, 2018 and 2024: Key players: Samsung, Lumileds, Seoul Semiconductor, Nichia, Cree, Genesis Photonics, LG Innotek

Zion Market Research has published a new report titled “Chip Scale Package (CSP) LED Market by Power Range (Low to Medium and High), by Application (Backlighting Unit (BLU), General Lighting, Automotive, Flash Lighting, and Others), and by End-User (Residential, Commercial, and Industrial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024’’. According to the report, the global chip scale package (CSP) LED market was valued at around USD 620 million in 2017 and is expected to reach approximately USD 2,010 million by 2024, at a CAGR of slightly above 18.3% between 2018 and 2024.

Request Free Sample Report Keyword @ https://goo.gl/Rcx9FY

CSP stands for chip scale package. The CSP technology not only reduces thermal dissipation but also facilitates size and cost reductions. The most crucial challenge faced by LED manufacturers is reducing power loss that occurs in form of heat. Numerous LED manufacturers are opting for CSP technology, which facilitates size reduction by directly attaching the LED on the PCB board. Thus, smaller, thinner, and lighter LEDs are trending worldwide.

Currently, to enhance the efficiency and efficacy, the CSP technology is implied in diversified applications including automotive lighting, flash LED, general lighting, and backlight LED. The CSP technology is used in flashlight applications for smartphone cameras, which, in turn, is likely to drive the chip scale package (CSP) LED market in the years ahead. According to Gartner, there were around 366.59 million smartphone users in the year 2017. By 2021, 40% of the global population is anticipated to own a smartphone. However, the limited availability and underdeveloped technology might hamper the chip scale package (CSP) LED market growth in the future. Manufacturers are opting for GaN on Si LED die which not only improves CSP LED’ thermal performance but also enhances the overall product reliability. Furthermore, the increased adoption of CSP LEDs for general lighting applications is anticipated to create lucrative opportunities for the market players.

The chip scale package (CSP) LED market is categorized based on power range, application, and end-user. By power range, the market is bifurcated into low to medium and high. Globally, the automotive lighting sector is opting for high powered CSP LEDs, which is anticipated to drive the high powered CSP LED segment in the future. CSP LEDs are diversely implied in numerous applications majorly segmented into Backlighting Unit (BLU), general lighting, automotive, flash lighting, and others. Flash lighting segment holds the significant market share as CSP LEDs are immensely preferred by Smartphone manufacturers worldwide. The end-user segment includes residential, commercial, and industrial. The commercial segment is likely to hold the largest market share in the upcoming years, due to increased product demand, especially in the general lighting and flash lighting domains.

Geographically, the chip scale package (CSP) LED market is majorly categorized into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is projected to hold a substantial market share in the years ahead, owing to the increased CSP LEDs demand in the region.

Download Free PDF Research Report Brochure @ https://goo.gl/hi4ZNZ

Some key players of the chip scale package (CSP) LED market are Samsung, Lumileds, Seoul Semiconductor, Nichia, Cree, Genesis Photonics, LG Innotek, Lumens, and OSRAM, among others.

This report segments the chip scale package (CSP) LED market into:

Chip Scale Package (CSP) LED Market: Power Range Analysis

Low to Medium
High

Chip Scale Package (CSP) LED Market: Application Analysis

Backlighting Unit (BLU)
General Lighting
Automotive
Flash Lighting
Others

Chip Scale Package (CSP) LED Market: End-User Analysis

Residential
Commercial
Industrial

Browse the full “Chip Scale Package (CSP) LED Market” Report at https://goo.gl/e9i9eM

Chip Scale Package (CSP) LED Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651

This release was published on openPR.