Chip Scale Package (CSP) LED Market To Receive Overwhelming Hike In Revenues

Posted by surendra choudhary on November 20th, 2019

The global chip scale package (CSP) LED market was valued at US$ 844.2 Mn in 2016 and is projected to register compound annual growth rate (CAGR) of over 13.90% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Chip Scale Package (CSP) LED Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The report suggests that rising use of chip scale package (CSP) LED across automotive, consumer electronics, and media & entertainment industries worldwide along with the rising trend of using technology such as augmented reality or virtual reality around the globe is likely to spur the demand for chip scale package (CSP) LED in the coming years.

As key players introduced chip scale package (CSP) LED in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for dominant share of the global chip scale package (CSP) LED market. Growing demand for chip scale package (CSP) LED for large number of lighting applications such as backlight LED and flash LED, growing trend toward use of CSP LED across automotive lighting, and presence of large number of well-established players across China, Republic of Korea, and Taiwan is likely to boost growth of the Asia Pacific chip scale package (CSP) LED market at a growth rate of around 13% from 2018 to 2026.

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Demand for chip scale package (CSP) LED across backlight and flash LED is continuously increasing across many applications globally

Many applications including backlight LED, flash LED, automotive lighting, and general lighting are using chip scale package (CSP) LED for higher efficacy and efficiency. CSP LEDs have smaller form factor that enhances the design flexibility in luminaires and also help in increasing the brightness. CSP LED is extensively used across multiple applications especially backlight and flash LEDs. CSP LED helps in making the displays slimmer, as they have a smaller size than the traditional LEDs. Furthermore, CSP LEDs are also used prominently across flash applications used in smartphone cameras. Many smartphone manufacturers including Samsung have adopted CSP LEDs in their camera. Large number of players are innovating and launching novel CSP LEDs for flash light applications to be used in smartphones. For instance, in September 2017, Osram Opto Semiconductors GmbH announced the Ceramos C chip-scale package (CSP) LEDs made for applications related to flash lights. The novel CSP LEDs are compact in size and can be integrated easily into smartphones.

Key players such as Samsung Electronics Co., Ltd., LG Innotek, OSRAM Opto Semiconductors GmbH, LUMILEDS Holding B.V., and Nichia Corporation likely to lead the global chip scale package (CSP) LED market

OSRAM Opto Semiconductors GmbH, LG Innotek, Lumileds Holding B.V., and Samsung Electronics Co., Ltd. among others are some of the major players operating in the chip scale package (CSP) LED market profiled in this study. These players are producing CSP LEDs on a mass scale due to the increasing demand around the globe. For instance, Seoul Semiconductor Co., Ltd., a semiconductor technology company announced that its WICOP (wafer-level integrated chip on PCB) a product from the CSP LED portfolio that is made for applications related to general lighting is in mass production. The company has opted for mass production of this product for automotive lighting and display backlighting applications.