HOME Research Insight Samsung (South Korea) and OSRAM (Germany) are the Key Players in the LED Packaging Market

Samsung (South Korea) and OSRAM (Germany) are the Key Players in the LED Packaging Market

The LED packaging market is anticipated to grow at a CAGR of 6.2% between 2017 and 2023 to reach USD 26.39 Billion by 2023. In 2016, the major players in LED packaging market included 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.

Nichia is involved in the development of LEDs. In addition, it manufactures and sells phosphor. In March 2016, the company entered into a partnership with Future Lighting Solutions, a division of Future Electronics (Canada), to strengthen its foothold. This partnership helps both the companies to increase their sales of LEDs and related products.

Samsung has wide geographic presence and is focused on developing innovative products and solutions in the LED packaging market. For instance, the company had 34 global R&D centers, 6 global design centers, and 38 global production bases as of December 31, 2015. The company is fostering its growth by investing significantly in collaborations and partnership to strengthen its position in LED technology. For instance, in March 2016, Samsung and Daintree Networks collaborated on joint solutions that involves Samsung’s smart lighting module (SLM). Samsung’s SLM, which will be integrated with LED luminaires from lighting OEMs, provides greater intelligence through device-level processing and also enhances connectivity through several embedded communications technologies, including the open standard ZigBee protocol.

OSRAM is a renowned brand in the LED technology market. The company follows an organized approach toward LED packaging business. The company’s prime strengths are R&D and innovation. The company has launched several products for automotive lighting, smart lighting, and other lighting applications such as SYLVANIA smart lights; Einstone, indoor location-based services; and SLC RF streetlight control. For instance, in June 2017, OSRAM acquired LED Engin Inc., a US company located in San Jose, California. LED Engin specializes in ultra-bright, ultra-compact solid state lighting solutions for a variety of specialty applications including entertainment lighting, ultraviolet and horticulture lighting, and medical lighting. This acquisition provides opportunities for the company to offer specialty lighting solutions tailored for its customers.

Related 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

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