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

  • ID: 4449138
  • Report
  • Region: Global
  • 161 Pages
  • Markets and Markets
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The LED Packaging Market is Expected to Reach USD 26.39 Billion By 2023 from USD 18.41 Billion in 2017, at a CAGR of 6.2%.

FEATURED COMPANIES

  • Cambridge Nanotherm
  • Dow Corning
  • Kaistar Lighting
  • Lumileds
  • Osram
  • Seoul Semiconductor
  • MORE

“The LED packaging market is likely to grow at a CAGR of 6.2% between 2017 and 2023”    

The key drivers for 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 market for display panels; growing government initiatives and regulations to adopt energy-efficient LEDs; increasing demand for smart lighting solutions. However, high saturation in the market is expected to restrict adoption, which, in turn, may limit market growth to a certain extent.

“CSP LEDs are expected to be the fastest growing segment in the LED packaging market during the forecast period”

The increased adoption of CSP over standard SMD is mainly due to the advantages such as reduced package footprint, thin profile, reduced weight as well as better electrical performance and area array distribution of connections. Size reduction in CSP is mainly due to the ball grid array design of the package, which results in saving printed circuit board routing space by designing all interconnects under the package in ball grid array style.

“General lighting application is expected to drive the growth of the LED packaging market”

In 2016, general lighting application accounted for the largest share of the market and is expected to continue its growth during the forecast period. The potential to save energy on a large scale is one of the most attractive aspects of LED technology. It is known to major LED packaging manufacturers that the adoption rate of LED light sources will not increase on the basis of its energy efficiency alone as customers in the residential sector are not focused on energy savings achieved by LEDs. However, a range of factors, including overall efficiency, practical design, consistent performance, and price point, would decide how well LEDs would fare against conventional lighting sources in residential applications. The major focus of governments in India, China, and Brazil for the development and implementation of efficient energy technology and various subsidies given for LED lighting will boost the market for LED materials in these countries.

“APAC expected to register the highest growth rate in LED packaging market during the forecast period” 

APAC accounted for the largest market for LED packaging in 2016. It is expected to be the fastest-growing market owing to the growth of applications such as general lighting, automotive, and backlighting. The surge in demand for applications such as general lighting, automotive, and backlighting is driven by high economic growth in the region. This, in turn, favors the growth of the LED packaging market in this region. These factors are encouraging many established market players to expand their reach in the region. The growth of the market in APAC is mainly driven by China, Japan Taiwan, and South Korea as these countries account for the largest market share of LED packaging in this region.

Germany, Italy, France, the UK, and Spain are some of the key European countries that contributed significantly to the use of LED packages in 2016. OSRAM and Lumileds are some of the major manufacturers present in this region. Europe is expected to hold a major share of the LED packaging market for the general lighting application owing to the high standard of living in these countries; with regard to the high GDP per capita rates, a large section of the population can afford energy-efficient lighting systems in their homes. The significant market share in the region is also attributed to the increasing awareness about energy conservation and implementation of various government initiatives toward the same.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key experts.

Following is the breakup of the profile of primary participants:

  • By Company Type: Tier 1 = 20%, Tier 2 = 39%, and Tier 3 = 41%
  • By Designation: C-Level Executives = 27%, Directors = 31%, and Others = 42%
  • By Region: North America = 39%, Europe = 27%, APAC = 18%, and RoW = 16%

The major players in the LED packaging market include Nichia (Japan), Samsung (South Korea), Osram (Germany), LG Innotek (South Korea), and Cree (US).

Research Coverage:

The report estimates the market size and future growth potential of the LED packaging market across different segments such as package type, packaging material, application, and geography. Moreover, the report includes the industry trends, market dynamics, and competitive analysis of the key players in the market, along with their company profiles, and recent developments. 

Key Benefits of Buying the Report:

The report would help the market leaders/new entrants by providing them the closest approximations of the revenue numbers for the LED packaging segments and subsegments. Moreover, this report would help stakeholders to understand the competitor landscape better and gain insights to strengthen their businesses and have suitable go-to-market strategies. Furthermore, this report helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.       

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FEATURED COMPANIES

  • Cambridge Nanotherm
  • Dow Corning
  • Kaistar Lighting
  • Lumileds
  • Osram
  • Seoul Semiconductor
  • MORE

1 Introduction
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
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

4 Premium Insights
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
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
6.1 Introduction
6.2 Smd
6.3 Cob
6.4 Csp
6.5 Others

7 LED Packaging Market, By Packaging Material
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 47
7.5 Bonding Wire
7.6 Encapsulation Resins
7.7 Other Packaging Materials

8 LED Packaging Market, By Application
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
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
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
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
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: 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
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
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

Note: Product cover images may vary from those shown
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  • Cambridge Nanotherm
  • Citizen Electronics
  • Cree
  • Dow Corning
  • Epistar
  • Everlight Electronics
  • Kaistar Lighting
  • Kulicke & Soffa
  • LG Innotek
  • Lumileds
  • Momentive
  • Nichia
  • Osram
  • Samsung
  • Semileds
  • Seoul Semiconductor
  • Stanley Electric
  • Toyoda Gosei
  • Tt Electronics
  • Xiamen Xindeco Optoelectronics
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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