18.2% Growth Rate for Chip Scale Package (CSP) LED Market by 2023 | Lumileds, Samsung, Seoul Semiconductor, LG Innotek, OSRAM, Nichia and Others.

The Global report titled “Chip Scale Package (CSP) LED Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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The Chip Scale Package (CSP) LED Market is estimated to be US$ 757.7 Million in 2018 and is likely to reach US$ 1,744.8 Million by 2023, at a CAGR of 18.2% during 2018–2023. This report spread across 128 pages, profiling 10 companies and supported with 34 tables and 53 figures is now available in this research.

Top Companies profiled in the Chip Scale Package (CSP) LED Market:
• Lumileds (The Netherlands)
• Samsung (South Korea)
• Seoul Semiconductor (South Korea)
• LG Innotek (South Korea)
• OSRAM (Germany)
• Nichia (Japan)
• EPISTAR (Taiwan)
• Cree (US)
• Genesis Photonics (Taiwan)
• Lumens Co.Ltd. (South Korea)
• SemiLEDs (Taiwan)
• Lextar (Taiwan)
• Shenzhen MTC (China)
• Unistars (Taiwan)
• DPower (China)
• Plessey Semiconductors (UK)
• Cambridge Nanotherm (UK)
• Honglitronic (China)
• Bridgelux (US)
• OPTOLED (South Korea)
• EVERLIGHT (Taiwan)
• Flory Optoelectronic Materials (FOM) (China)
• Dow Chemical Company (US)
• TDK (Japan)
• Bree Optronics (China)

“Increased use of CSP LEDs in display back lighting and flash applications is driving the market towards high growth”
The display back lighting application is expected to dominate the CSP LED market, in terms of market size, during the forecast period, as it is pulled by the demand for energy efficient and compact back lighting sources for TVs, monitors, and smart phone displays.CSP LEDs emerged as great replacement of traditional and large LED packages for display back lighting units. CSP LED-based BLUs drive product innovation and cost reduction along with small form factor and wide beam angle. Although the market for BLU is expected to saturate, CSP LED-based BLUs are expected to witness significant growth during the forecast period.

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“APAC to account for the highest demand for CSP LEDs during the forecast period”
APAC accounts for the production of a majority of LCD displays, especially in South Korea, Taiwan, China, and Japan. With the presence of leading CSP LED manufacturers and customers (i.e. smart phone vendors, back lighting panel integrators, and display panel manufacturers), this region registered the largest shipment of CSP LEDs. The dominance of APAC is mainly due to South Korea, followed by China, Japan, and Taiwan with high demand for CSP LEDs for display back lighting, mobile flash, and other applications.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 20 %, Tier 2 – 35%, and Tier 3 – 45%
• By Designation: C-Level Executives – 30%, Directors – 45%, and Others – 25%
• By Region: North America – 20%, Europe – 45%, APAC – 30%, and RoW – 5%

Study Objectives:
• To analyze key trends related to applications that are likely to shape and influence the market

• To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market

• To identify and analyze potential applications of CSP LEDs and traditional LED packages

• To define, describe, and forecast global LED package market based on different applications

• To define, describe, and forecast the chip-scale package (CSP) LED market, in terms of value, segmented on the basis of application, power range, and geography

• To analyze and forecast the CSP LED market, in terms of volume, segmented on the basis of application

• To provide market size estimation for North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with respective countries, segmented on the basis of each application.

• To define and describe current and futuristic stages of CSP LED value chain and analyze the market based on player activities, developments, and capabilities

• To identify and analyze major factors (drivers, restraints, opportunities, and challenges) influencing the market growth

• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market

• To analyze strategic developments such as joint ventures, mergers & acquisitions, prototype developments, and R&D in the CSP LED market

• To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders

Target Audience for Chip Scale Package (CSP) LED Market:
• Display panel manufacturers
• Brand product manufacturers/OEMs/ODMs
• Semiconductor component suppliers
• Distributors and sales firms
• End-user industries
• Research institutes, organizations, and consulting companies
• Associations, organizations, forums, and alliances
• Government bodies such as regulatory authorities and policy-makers
• Venture capitalists, financial and strategic investors, and start-ups
• LED supply chain

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This release was published on openPR.