HOME Top Market Reports LED Packaging Market by Package Type (SMD, COB, CSP), Packaging Material (Lead Frames, Substrates, Bonding Wire, Encapsulation Resins), Application (General Lighting, Automotive Lighting, Backlighting), and Geography - Global Forecast to 2023

LED Packaging Market by Package Type (SMD, COB, CSP), Packaging Material (Lead Frames, Substrates, Bonding Wire, Encapsulation Resins), Application (General Lighting, Automotive Lighting, Backlighting), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: SE 5858

 

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The LED packaging market was valued at USD 17.08 billion in 2016 and is expected to reach USD 26.39 billion by 2023, at a CAGR of 6.2% during the forecast period. The base year considered for the study is 2016 and the forecast period is between 2017 and 2023.

Objectives of the Study:

  • Define, describe, and forecast the overall LED packaging market segmented, in terms of value, on the basis of package type, packaging material, application, and geography
  • Forecast the size of the market segments, in terms of value, with respect to 4 major regions North America, Europe, Asia Pacific  (APAC), and Rest of the World (RoW)
  • Provide detailed information regarding the major factors influencing the growth of the LED packaging market (drivers, restraints, opportunities, and challenges)
  • Analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall LED packaging market
  • Analyze opportunities in the market for various stakeholders by identifying high-growth segments of the LED packaging market
  • Benchmark players in the market using the proprietary competitive leadership mapping framework, which analyzes the market players on various parameters within the broad categories of strength of product portfolio and business strategy excellence   

Research Methodology:

This research study incorporates the use of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for the extensive technical, market-oriented, and commercial study of the digital out of home market. Primary sources mainly comprise several experts from core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and standards and certification organizations related to various parts of this industry’s value chain. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants have been conducted to obtain and verify critical qualitative and quantitative information as well as assess prospects. The breakdown of the profiles of primaries has been depicted in the following figure:

LED Packaging Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights on the ecosystem of the LED packaging market. The major players in the LED packaging market include Nichia (Japan), Samsung (South Korea), Osram (Germany), LG Innotek (South Korea), Cree (US), Lumileds (Netherlands), Seoul Semiconductor (South Korea), Stanley Electric  (Japan), Everlight Electronics (Taiwan), Epistar (Taiwan), Toyoda Gosei (Japan), TT Electronics (UK), Kulicke and Soffa (Singapore), Dow Corning (US), and Citizen Electronics (Japan), among others.

Key Target Audience:

  • Raw material suppliers
  • Regulatory bodies
  • Traders, distributors, and suppliers of LED materials
  • Manufacturing equipment providers
  • Industry associations
  • End users such as the following:
  • Automotive lighting manufacturers/suppliers
  • General lighting manufacturers/suppliers
  • Backlighting manufacturers/suppliers
  • Research organizations

Scope of the Report:

The research report segments the LED packaging market into the following subsegments:

LED Packaging Market, by Type

  • SMD
  • COB
  • CSP
  • Others

LED Packaging Market, by Packaging Material

  • Lead Frames
  • Substrates
  • Ceramic Packages
  • Bonding Wire
  • Encapsulation Resins
  • Others

LED Packaging Market, by Application

  • General Lighting
  • Automotive Lighting
  • Backlighting
  • Others

LED Packaging Market, by Region

  • North America
  • Europe
  • APAC
  • RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report.  

  • Company Information
    • Detailed analysis and profiling of additional market players (up to 5) 

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Ranking Through Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Ranking Through Top-Down Analysis (Supply Side)
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities for the Growth of LED Packaging Market
    4.2 LED Packaging Market, By Package Type
    4.3 LED Packaging Market, By Country
    4.4 LED Packaging Market in APAC, By Country and Application
    4.5 LED Packaging Market, By Application

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for High Power Grade LED Packages for Lighting Applications
                    5.2.1.2 Rising Demand for LED Packages in the Display Panel Market
                    5.2.1.3 Government Initiatives and Regulations to Adopt Energy-Efficient LEDs
                    5.2.1.4 Increasing Demand for Smart Lighting Solutions
           5.2.2 Restraints
                    5.2.2.1 Saturation in the Market
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand From Horticulture Markets
                    5.2.3.2 Growth in the LED Filament Bulb Market
           5.2.4 Challenges
                    5.2.4.1 Lack of Common Open Standards
    5.3 Value Chain Analysis
           5.3.1 Research and Development
           5.3.2 LED Packaging Original Equipment Manufacturers
           5.3.3 Key Technology Providers/System Integrators
           5.3.4 Distributors/Marketers

6 LED Packaging Market, By Package Type (Page No. - 41)
    6.1 Introduction
    6.2 SMD
    6.3 COB
    6.4 CSP
    6.5 Others

7 LED Packaging Market, By Packaging Material (Page No. - 44)
    7.1 Introduction
    7.2 Lead Frames
    7.3 Substrates
           7.3.1 Silicon Carbide
           7.3.2 Silicon
           7.3.3 Sapphire
    7.4 Ceramic Packages
           7.4.1 LEDs With Sintered Ceramic Package
           7.4.2 LEDs With Ceramic Substrate and Silicon
           7.4.3 LEDs With Ceramic Substrate and Glass
    7.5 Bonding Wire
    7.6 Encapsulation Resins
    7.7 Other Packaging Materials

8 LED Packaging Market, By Application (Page No. - 48)
    8.1 Introduction
    8.2 General Lighting
           8.2.1 Residential Lighting
           8.2.2 Industrial Lighting
           8.2.3 Outdoor Lighting
           8.2.4 Other General Lighting
    8.3 Automotive Lighting
           8.3.1 Interior Lighting
           8.3.2 Exterior Lighting
    8.4 Backlighting
    8.5 Other Applications

9 Geographic Analysis (Page No. - 67)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 Italy
           9.3.4 UK
           9.3.5 Rest of Europe
    9.4 APAC
           9.4.1 China
           9.4.2 Japan
           9.4.3 Taiwan
           9.4.4 South Korea
           9.4.5 India
           9.4.6 Rest of APAC
    9.5 RoW
           9.5.1 Middle East & Africa
           9.5.2 South America

10 Competitive Landscape (Page No. - 96)
     10.1 Introduction
     10.2 Ranking of Players, 2016
     10.3 Competitive Sceanrio
             10.3.1 Product Launches
             10.3.2 Agreements, Partnerships, Collaborations, Contracts, & Joint Ventures
             10.3.3 Mergers & Acquisitions

11 Company Profiles (Page No. - 105)
     11.1 Introduction
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
     11.2 Cree
     11.3 Osram
     11.4 Samsung
     11.5 Nichia
     11.6 LG Innotek
     11.7 Epistar
     11.8 Seoul Semiconductor
     11.9 Stanley Electric
     11.10 Everlight Electronics
     11.11 Lumileds
     11.12 Toyoda Gosei
     11.13 TT Electronics
     11.14 Kulicke & Soffa
     11.15 DOW Corning
     11.16 Citizen Electronics
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     11.17 Key Innovators
             11.17.1 Kaistar Lighting
             11.17.2 Xiamen Xindeco Optoelectronics
             11.17.3 Momentive
             11.17.4 Semileds
             11.17.5 Cambridge Nanotherm

12 Appendix (Page No. - 151)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (68 Tables)

Table 1 LED Packaging Market, By Package Type, 2014–2023 (USD Billion)
Table 2 LED Packaging Market, By Packaging Material, 2014–2023 (USD Billion)
Table 3 LED Packaging Market, By Application, 2014–2023 (USD Billion)
Table 4 LED Packaging Market for General Lighting Application, By Type, 2014–2023 (USD Billion)
Table 5 LED Packaging Market for General Lighting Application, By Region, 2014–2023 (USD Million)
Table 6 LED Packaging Market for General Lighting Application in North America, By Country, 2014–2023 (USD Million)
Table 7 LED Packaging Market for General Lighting Application in Europe, By Country, 2014–2023 (USD Million)
Table 8 LED Packaging Market for General Lighting Application in APAC, By Country, 2014–2023 (USD Million)
Table 9 LED Packaging Market for General Lighting Application in RoW, By Country, 2014–2023 (USD Million)
Table 10 LED Packaging Market for Residential Lighting Application, By Region, 2014–2023 (USD Million)
Table 11 LED Packaging Market for Industrial Lighting Application, By Region, 2014–2023 (USD Million)
Table 12 LED Packaging Market for Outdoor Lighting Application, By Region, 2014–2023 (USD Million)
Table 13 LED Packaging Market for Other General Lighting Application, By Region, 2014–2023 (USD Million)
Table 14 LED Packaging Market for Automotive Lighting Application, By Type, 2014–2023 (USD Billion)
Table 15 LED Packaging Market for Automotive Lighting Application, By Region, 2014–2023 (USD Million)
Table 16 LED Packaging Market for Automotive Lighting Application in North America, By Country, 2014–2023 (USD Million)
Table 17 LED Packaging Market for Automotive Lighting Application in Europe, By Country, 2014–2023 (USD Million)
Table 18 LED Packaging Market for Automotive Lighting Application in APAC, By Country, 2014–2023 (USD Million)
Table 19 LED Packaging Market for Automotive Lighting Application in RoW, By Country, 2014–2023 (USD Million)
Table 20 LED Packaging Market for Interior Lighting Application, By Region, 2014–2023 (USD Million)
Table 21 LED Packaging Market for Exterior Lighting Application, By Region, 2014–2023 (USD Million)
Table 22 LED Packaging Market for Backlighting Application, By Region, 2014–2023 (USD Million)
Table 23 LED Packaging Market for Backlighting Application in North America, By Country, 2014–2023 (USD Million)
Table 24 LED Packaging Market for Backlighting Application in Europe, By Country, 2014–2023 (USD Million)
Table 25 LED Packaging Market for Backlighting Application in APAC, By Country, 2014–2023 (USD Million)
Table 26 LED Packaging Market for Backlighting Application in RoW, By Country, 2014–2023 (USD Million)
Table 27 LED Packaging Market for Other Applications, By Region, 2014–2023 (USD Million)
Table 28 LED Packaging Market for Other Applications in North America, By Country, 2014–2023 (USD Million)
Table 29 LED Packaging Market for Other Applications in Europe, By Country, 2014–2023 (USD Million)
Table 30 LED Packaging Market for Other Applications in APAC, By Country, 2014–2023 (USD Million)
Table 31 LED Packaging Market for Other Applications in RoW, By Country, 2014–2023 (USD Million)
Table 32 LED Packaging Market, By Region, 2014–2023 (USD Billion)
Table 33 LED Packaging Market in North America, By Country, 2014–2023 (USD Million)
Table 34 LED Packaging Market in North America, By Application, 2014–2023 (USD Million)
Table 35 LED Packaging Market for General Lighting Application in North America, By Type, 2014–2023 (USD Million)
Table 36 LED Packaging Market for Automotive Lighting Application in North America, By Type, 2014–2023 (USD Million)
Table 37 LED Packaging Market in US, By Application, 2014–2023 (USD Million)
Table 38 LED Packaging Market in Canada, By Application, 2014–2023 (USD Million)
Table 39 LED Packaging Market in Mexico, By Application, 2014–2023 (USD Million)
Table 40 LED Packaging Market in Europe, By Country, 2014–2023 (USD Million)
Table 41 LED Packaging Market in Europe, By Application, 2014–2023 (USD Million)
Table 42 LED Packaging Market for General Lighting Application in Europe, By Type, 2014–2023 (USD Million)
Table 43 LED Packaging Market for Automotive Lighting Application in Europe, By Type, 2014–2023 (USD Million)
Table 44 LED Packaging Market in Germany, By Application, 2014–2023 (USD Million)
Table 45 LED Packaging Market in France, By Application, 2014–2023 (USD Million)
Table 46 LED Packaging Market in Italy, By Application, 2014–2023 (USD Million)
Table 47 LED Packaging Market in UK, By Application, 2014–2023 (USD Million)
Table 48 LED Packaging Market in Rest of Europe, By Application, 2014–2023 (USD Million)
Table 49 LED Packaging Market in APAC, By Country, 2014–2023 (USD Million)
Table 50 LED Packaging Market in APAC, By Application, 2014–2023 (USD Million)
Table 51 LED Packaging Market for General Lighting Application in APAC, By Type, 2014–2023 (USD Million)
Table 52 LED Packaging Market for Automotive Lighting Application in APAC, By Type, 2014–2023 (USD Million)
Table 53 LED Packaging Market in China, By Application, 2014–2023 (USD Million)
Table 54 LED Packaging Market in Japan, By Application, 2014–2023 (USD Million)
Table 55 LED Packaging Market in Taiwan, By Application, 2014–2023 (USD Million)
Table 56 LED Packaging Market in South Korea, By Application, 2014–2023 (USD Million)
Table 57 LED Packaging Market in India, By Application, 2014–2023 (USD Million)
Table 58 LED Packaging Market in Rest of APAC, By Application, 2014–2023 (USD Million)
Table 59 LED Packaging Market in RoW, By Country, 2014–2023 (USD Million)
Table 60 LED Packaging Market in RoW, By Application, 2014–2023 (USD Million)
Table 61 LED Packaging Market for General Lighting Application in RoW, By Type, 2014–2023 (USD Million)
Table 62 LED Packaging Market for Automotive Lighting Application in RoW, By Type, 2014–2023 (USD Million)
Table 63 LED Packaging Market in Middle East & Africa, By Application, 2014–2023 (USD Million)
Table 64 LED Packaging Market in South America, By Application, 2014–2023 (USD Million)
Table 65 LED Packaging Market Ranking Analysis, 2016
Table 66 Product Launches, 2015–2017
Table 67 Agreements, Partnerships, Collaborations, Contracts & Joint Ventures, 2015–2017
Table 68 Mergers & Acquisitions


List of Figures (45 Figures)

Figure 1 Market Segmentation
Figure 2 LED Packaging Market: Process Flow of Market Size Estimation
Figure 3 LED Packaging Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 LED Packaging Market, 2014–2023 (USD Billion)
Figure 7 LED Packaging Market for CSP Pacakges Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 Industrial Lighting in General Lighting Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 LED Packaging Market in APAC Expected to Register the Highest CAGR Between 2017 and 2023
Figure 10 LED Packaging Market Expected to Exhibit High Growth Between 2017 and 2023
Figure 11 LED Packaging Market for CSP Pacakges Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 LED Packaging Market in India Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 LED Packaging Market for General Lighting Application Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 General Lighting Application Held the Largest Share of the LED Packaging Market Between 2017 and 2023
Figure 15 LED Packaging Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Value Chain Analysis: Major Value Added During the Development and Integration Phases
Figure 17 Greater Vertical Integration: Leading Trend Among Key Market Players
Figure 18 LED Packaging Market for CSP LEDs Expected to Grow at the Highest CAGR During the Forecast Period
Figure 19 LED Packaging Market for Substrates Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 LED Packaging Market for General Lighting Application Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Industrial Lighting Applications Expected to Grow at the Fastest Rate During the Forecast Period
Figure 22 LED Packaging Market for Exterior Lighting Application Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 LED Packaging Market, By Geography
Figure 24 APAC Expected to Dominate the LED Packaging Market During the Forecast Period
Figure 25 Geographic Snapshot of LED Packaging Market
Figure 26 North America: Snapshot of LED Packaging Market
Figure 27 US Expected to Dominate the LED Packaging Market During the Forecast Period
Figure 28 Europe: Snapshot of LED Packaging Market
Figure 29 Germany Expected to Dominate the LED Packaging Market During the Forecast Period
Figure 30 APAC: Snapshot of LED Packaging Market
Figure 31 LED Packaging Market in India Expected to Grow at the Highest CAGR During the Forecast Period
Figure 32 Middle East & Africa Expected to Dominate the LED Packaging Market During the Forecast Period
Figure 33 Companies Adopted Product Launches and Expansions as Key Growth Strategies Between January 2015 and October 2017
Figure 34 Geographic Revenue Mix of Key LED Packaging Market Players
Figure 35 Cree: Company Snapshot
Figure 36 Osram : Company Snapshot
Figure 37 Samsung: Company Snapshot
Figure 38 LG Innotek: Company Snapshot
Figure 39 Epistar: Company Snapshot
Figure 40 Seoul Semiconductor: Company Snapshot
Figure 41 Stanley Electric: Company Snapshot
Figure 42 Everlight Electronics: Company Snapshot
Figure 43 Toyoda Gosei : Company Snapshot
Figure 44 TT Electronics : Company Snapshot
Figure 45 Kulicke & Soffa : Company Snapshot

The global LED packaging market is projected to be valued at USD 26.39 Billion by 2023, at a CAGR of 6.2% from 2017 to 2023. The growth of the LED packaging market is expected to be driven by the increasing use of LEDs in various end-user industries such as automotive, backlighting, and other products. The major factors driving the growth of the LED packaging market include increasing demand for high power grade LED packages for lighting applications, rising demand for LED packages in the display panel market, growing government initiatives and regulations to adopt energy-efficient LEDs, and increasing demand for smart lighting solutions. The value chain of LED packaging market comprises R&D activity, original equipment manufacturers, system integrators, marketing and sales, and after-sale service.

The LED packaging market is segmented on the basis of package type: surface mount device packages (SMD), chip on board package (COB), chip scale package (CSP), and others. Currently, the market is dominated by SMD packaging LEDs; however, the market for CSP LEDs is expected to register the highest growth rate during the forecast period. Increased adoption of chip scale package is mainly due to its advantages, such as reduced package footprint, thin profile, reduced weight, better electrical performance, and area array distribution of connections, over SMD packages.

The LED packaging market is further segmented on the basis of packaging material: lead frames, substrate, ceramic packages, bonding wire, encapsulation resin, and other packaging materials. The substrates accounted as the largest segment in terms of materials used for packaging LEDs in 2016. Also, this segment is projected to witness growth at the highest CAGR during the forecast period.  The factor that drives the market for substrates is the high power density of devices. The market for encapsulation resins is driven by the increased use of silicon material offering better reliability/lifetime than traditional epoxy materials.

LEDs are used in various applications such as general lighting, automotive lighting, backlighting, and others.  LED packages in the general lighting application are expected to have the largest market size due to the growth in residential lighting and industrial lighting applications. The potential to save energy on a large scale is the major factor for the growth of LEDs used for general lighting applications. The market for the industrial lighting application is estimated to grow at the highest rate and is expected to drive the LED packaging market due to the increasing demand of LEDs for various industrial applications such as industrial bay areas, cold storage areas, and other functional areas.

Of all the regions, APAC dominates the LED packaging market The rising demand for LEDs in this region is mainly driven by increased adoption rate and government incentives. Europe is estimated as the second-largest LED packaging markets across the world. The market in this region is mainly driven by growing opportunities for the automotive industry.

LED Packaging Market

High saturation in the market is expected to restrict adoption, which, in turn, may limit market growth to a certain extent. The global market for LED packaging is witnessing high growth rate owing to a large number of players and is dominated by experienced market players. Companies are continuously focusing on R&D and are filing many patents related to different LED technologies.  In 2016, the major players in LED packaging market included Nichia Corporation (Japan), Samsung (South Korea), Osram Licht AG (Germany), LG Innotek (South Korea), Cree, Inc. (US), Lumileds Holding B.V. (Netherlands), Seoul Semiconductor Co., Ltd (South Korea), Stanley Electric Co., Ltd.  (Japan), Everlight Electronics Co., Ltd. (Taiwan), Epistar Corporation (Taiwan), Toyoda Gosei Co., Ltd. (Japan), TT Electronics plc (UK), Kulicke and Soffa Industries, Inc. (Singapore), Dow Corning Corporation (US), and Citizen Electronics Co., Ltd (Japan), among others.

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