Press release
Packaged LED Market is Booming Worldwide with key players - Samsung, Nichia Corporation and more
Packaged LED Market 2022
The packaged LED market is projected to enhance at a CAGR of 7.5% during the forecast period 2021-2031. As per the findings, the global packaged LED market is expected to experience an increase over the forecast period due to various factors such as increasing demand for LED packages in display panel market and increased adoption of CSP LEDs in automotive lighting applications.
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There is increased government focus towards use of LEDs for energy efficiency and environmental benefits, is one of the major factor driving the demand for packaged LED market.
Key Players:
The report has profiled some of the Important players prevalent in the global like - Samsung, Nichia Corporation, Seoul Semiconductor Co Ltd, Lumileds Holding B.V., Signify Holding, UFlex Limited, Lextar Electronics Corporation, Bolb Inc. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Packaged LED.
What is Driving Demand for Packaged LED?
Packaged LED are continuing to develop in terms of LED efficacy, color quality, and lumen outputs. There is continuous development in component, architecture, and advancement of packaged sectors are trending in the packaged LED market.
Manufacturers of the packaged LED are increasingly focusing on development of these LEDs as per the industry standards to increase the sale of the packaged LED, and this factor is expected to drive the demand for packaged LED over the forecast period.
It also offers various features such as multi-chip packaged, advanced chip and packaging technology, delivers a linear current source, homogeneous color perception, and others. The reliability of such features drives the growth of the packaged LED market.
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Key Segments
By Package Type
SMD
CSP
COB
Others
By Application
Automotive Lighting
General Lighting
Flash Lighting
Backlighting
Other
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Packaged LED Market Manufacturers
Packaged LED Market Distributors/Traders/Wholesalers
Packaged LED Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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