Future Outlook of Chip Scale Package (CSP) LED Market 2019 Poised to Achieve CAGR of 19% by 2026 | Major Key Players (Unistars, Shenzhen Mtc, Seoul Semiconductor, Samsung Electronics, Plessey Semiconductors, Osram Opto Semiconductors)

the Global Chip Scale Package (CSP) LED Market is accounted for $625.96 billion in 2017 and is expected to reach $2991.23 billion by 2026 growing at a CAGR of 19.0% during the forecast period. Some of the key factors propelling the market growth are high enclose density, increasing demand for chip scale package (CSP) LED and lesser cost due to the luxury nature of packaging are driving the growth of the market. However, adoption in premium products is inhibiting the market growth.

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The CSP technology not only reduces thermal debauchery but also facilitates size and cost reductions. The most significant challenge faced by LED manufacturers is dropping power loss that occurs in form of heat. Many LED manufacturers are opting for CSP equipment, which facilitate size reduction by straight attaching the LED on the PCB panel.

Based on Power Range, High-power segment acquired significant growth due to the increasing demand for CSP LEDs in automotive and general lighting and high area lighting, road lighting, and architectural illumination. By geography, Asia Pacific is leading the market owing to high economic growth in the region and focus of governments towards energy proficient lighting solutions and growing demand in developing countries such as China and Japan.

Some of the key players profiled in the Chip Scale Package (CSP) LED Market include Unistars, Shenzhen Mtc, Seoul Semiconductor, Samsung Electronics, Plessey Semiconductors, Osram Opto Semiconductors, Nichia, Lumileds, Lumens Co., Ltd., LG Innotek, Lextar Electronics, Genesis Photonics, Everlight Electronics, Epistar, Cree, and Cambridge Nanotherm.

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Market Segments:
Power Ranges Covered:
• High-Power
• Low- & Mid-Power

Applications Covered:
• Automotive Lighting
• Backlighting Unit (BLU)
• Flash Lighting
• General Lighting
• Other Applications

End Users Covered:
• Residential
• Industrial
• Commercial

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