LED Packaging Market Analysis by Global Industry Growth, Regions, Types and Forecasts 2023

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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%. This report spread across 159 Pages, Profiling 16 Companies and Supported with 68 Tables and 45 figures are now available in this research.

Top Key Players Profiled in the LED Packaging Market:

  • Nichia (Japan)
  • Samsung (South Korea)
  • Osram (Germany)
  • LG Innotek (South Korea)
  • Cree (US)

 

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.

 

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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 back lighting. The surge in demand for applications such as general lighting, automotive, and back lighting is driven by high economic growth in the region.

 

Breakdown of primary participants’ profile:

  • 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%

 

Competitive Landscape of LED Packaging Market:

1 Introduction
2 Ranking of Players, 2016
3 Competitive Sceanrio
3.1 Product Launches
3.2 Agreements, Partnerships, Collaborations, Contracts, & Joint Ventures
3.3 Mergers & Acquisitions

 

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