LED Packaging Market

The report "LED Packaging Market by Package Type (SMD, COB, CSP), Power Range (Low-&Mid-Power LED Packages, High-Power LED Packages), Wavelength (Visible & Infrared, Deep UV), Packaging Component (Equipment, Material), Application & Region - Global Forecast to 2029" The LED Packaging Market is expected to reach USD 19.4 billion by 2029 from USD 16.0 billion in 2024, at a CAGR of 3.9% during the 2024–2029 period.The major factors driving the growth of the LED packaging equipment market include the growing adoption in automotive lighting solutions and the surging prices of packaged LEDs. Additionally, the ongoing developments towards advanced LED packaging technologies are expected to create growth opportunities for the LED packaging market in the future.

Browse 166 market data Tables and 67 Figures spread through 225 Pages and in-depth TOC on "LED Packaging Market by Package Type (SMD, COB, CSP), Power Range (Low-&Mid-Power LED Packages, High-Power LED Packages), Wavelength (Visible & Infrared, Deep UV), Packaging Component (Equipment, Material), Application & Region - Global Forecast to 2029"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/led-packaging-market-217522990.html

CSP package type is expected to register the highest CAGR in the LED packaging market during the forecast period.

The widespread adoption of the CSP LEDs over SMD LEDs is attributed to its numerous advantages such as minimized footprint, slim profile, cost-effectiveness, elevated lumen output, reduced weight, improved electrical performance, and an enhanced organized distribution of connections. These attributes contribute to the effective utilization of the epitaxial manufacturing process. High-performance CSP LEDs can be used for applications that require high output, such as automotive, where conventional mid-powered LEDs were previously utilized. Therefore, CSP package type is expected to register the highest CAGR in the LED packaging market during the forecast period.

General lighting application is anticipated to have the largest market size in LED packaging market during the forecast period. 

The general lighting application is projected to dominate the LED packaging market which is attributed to the increasing demand for LED lighting in commercial settings and the widespread adoption of LED technology as a replacement for traditional light sources which results in reduced energy consumption. The prominence of the market is further growing due to the efforts of governments and regulatory bodies to promote energy conservation, particularly in residential and industrial sectors.

Asia Pacific is expected to register the highest CAGR during the forecast period.

The substantial market share of LED packaging in the Asia Pacific region can be attributed to the rapid infrastructure development, particularly in China. These infrastructure projects prioritize efficiency, paving the way for modernization. The ongoing modernization and expansion of infrastructure, which includes the establishment of smart cities, is expected to fuel the demand for smart street lighting which consequently boosts the market for LED packages in the region. Additionally, Asia Pacific has become a central hub for investments and business expansion in the LED packaging market that is supported by favorable economic conditions and cost-effective labor. Therefore, Asia Pacific is expected to register the highest CAGR in the LED packaging market during the forecast period.

The report profiles key players such as NICHIA CORPORATION (Japan), ams-OSRAM AG. (Austria), Samsung (South Korea), Lumileds Holding B.V. (US), Seoul Semiconductor Co., Ltd. (South Korea), MLS CO, LTD (China), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), SMART Global Holdings, Inc. (US), Foshan NationStar Optoelectronics Co. Ltd (China), and LITE-ON Technology, Inc. (Taiwan).

Don’t miss out on business opportunities in LED Packaging Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]