The Global report on “Chip Scale Package (CSP) LED Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample Research Copy @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1710949
The CSP LED market is estimated to be USD 757.7 million in 2018 and is likely to reach USD 1,744.8 million by 2023, at a CAGR of 18.2% during 2018–2023. The low-cost potential of CSP LEDs with a low bill of materials, which is because of the manufacturing process, where several packaging steps are omitted, is a major factor driving the growth of the CSP LED market. High competition in the packaged LED market has led to the development and launch of new and innovative products with improved designs and high-end specifications. Over burden on LED foundries and restricted use of CSP LEDs in premium products so far are the restraining factors in the market.
Increased use of CSP LEDs in display back lighting and flash applications is driving the market towards high growth
The display back lighting application is expected to dominate the CSP LED market, in terms of market size, during the forecast period, as it is pulled by the demand for energy efficient and compact back lighting sources for TVs, monitors, and smart phone displays.CSP LEDs emerged as great replacement of traditional and large LED packages for display back lighting units. CSP LED-based BLUs drive product innovation and cost reduction along with small form factor and wide beam angle. Although the market for BLU is expected to saturate, CSP LED-based BLUs are expected to witness significant growth during the forecast period. APAC includes world’s largest smart phone manufacturers and with better features offered by CSP LED, the adoption is expected to increase in a majority of premium smart phones for flash lighting application.
APAC to account for the highest demand for CSP LEDs during the forecast period
APAC accounts for the production of a majority of LCD displays, especially in South Korea, Taiwan, China, and Japan. With the presence of leading CSP LED manufacturers and customers (i.e. smart phone vendors, back lighting panel integrators, and display panel manufacturers), this region registered the largest shipment of CSP LEDs. The dominance of APAC is mainly due to South Korea, followed by China, Japan, and Taiwan with high demand for CSP LEDs for display back lighting, mobile flash, and other applications. The growth in APAC will also be driven by the rise of newer CSP LED applications in general lighting and automotive. The surge in demand for these applications will be because of high economic growth in the region and focus of governments on energy efficient lighting solutions.
Extensive primary interviews have been conducted with key people in the industry to determine and verify the size of several segments and sub segments of the market.
The breakup of the primary participants has been shown below:
- By Company Type: Tier 1 – 20 %, Tier 2 – 35%, and Tier 3 – 45%
- By Designation: C-Level Executives – 30%, Directors – 45%, and Others – 25%
- By Region: North America – 20%, Europe – 45%, APAC – 30%, and RoW – 5%
Key players profiled in this report are Lumileds (The Netherlands), Samsung (South Korea), Seoul Semiconductor (South Korea), LG Innotek (South Korea), OSRAM (Germany), Nichia (Japan), EPISTAR (Taiwan), Cree (US), Genesis Photonics (Taiwan), Lumens Co., Ltd. (South Korea), SemiLEDs (Taiwan), Lextar (Taiwan), Shenzhen MTC (China), Unistars (Taiwan), DPower (China), Plessey Semiconductors (UK), Cambridge Nanotherm (UK), Honglitronic (China), Bridgelux (US), OPTOLED (South Korea), EVERLIGHT (Taiwan), Flory Optoelectronic Materials (FOM) (China), Dow Chemical Company (US), TDK (Japan), and Bree Optronics (China).
This research report categorizes the market on the basis of CSP LED applications, power ranges, and geographies. The report discusses drivers, restraints, challenges, and opportunities forthe market and analyzes emerging trends throughout the value chain of CSP LEDs.Key market players across the value chainhave been strategically profiled in the report.
Key Benefits of Buying the Report:
The report will help leaders/new entrants in this market in the following ways:
- This report segments the CSP LED market comprehensively and provides the closest market size estimation for major applications across various regions.
- The report would helps take holders understand the pulse of the market through the information on drivers, restraints, challenges, and opportunities pertaining to the market.
- This report would helps take holders better understand their competitors and gain insights on ways to improve their position in the market. The competitive landscape section includes the competitor ecosystem, product developments, partnerships, and mergers &acquisitions in the market.
More information about Discount offers (20% or More) @ https://www.reportsnreports.com/contacts/discount.aspx?name=1710949
About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.
We provide 24/7 online and offline support to our customers.
E-mail: [email protected]
Phone: +1 888 391 5441