Chip-Scale Package (CSP) LEDs Market size, Insights, Prospects, Growth Trends

Posted by kelvindbmr on February 4th, 2020

Global Chip-Scale Package (CSP) LEDs Market is expected to rise from its initial estimated value of USD 747.9 million in 2018 to an estimated value of USD 2908.2 million by 2026, registering a CAGR of 18.5% in the forecast period of 2019-2026. This growth trend can be attributed to the low-cost and effective nature of the product.

With the demand for smaller, more effective lighting solutions, LED manufacturers produced Chip-Scale Package technology, which aimed at eliminating the traditional method of sub mounting and directly attaching the LEDs to printed circuit board, which made the overall cost and packaging cost reduced.

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Major Market Competitors/Players: Global Chip-Scale Package (CSP) LEDs Market

Few of the major competitors currently working in the Chip-Scale Pacakage (CPS) LEDs Market are Lumileds Holding B.V., SAMSUNG, Semiconductor Co. Ltd., LG INNOTEK, OSRAM GmbH, NICHIA CORPORATION, EPISTAR Corporation, Cree Inc., Genesis Photonics Inc., Lumens Light + Living, SEMILEDS CORPORATION, Lextar Electronics Corporation, Shenzhen MTC, Unistars, Dpower Opto-electronic Co.Ltd, Plessey, Cambridge Nanotherm Limited, Hongli Zhihui Group Co.LTD., Bridgelux Inc., EVERLIGHT, Flory Optoelectronic Materials Co. Ltd., The Dow Chemical Company, TDK Corporation, and Jiangsu Bree Optronics Co. Ltd.

Segmentation: Global Chip-Scale Package (CSP) LEDs Market

• By Application (Backlighting Unit, General Lighting, Automotive, Flash Lighting, Others)
• By Power Range (Low & Mid Power, High Power)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis: Global Chip-Scale Package (CSP) LEDs Market

The Global Chip-Scale Package (CSP) LEDs Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Chip-Scale Package (CSP) LEDs for global, Europe, North America, Asia Pacific and South America.

Market Drivers:

• Lower cost due to the non-essential nature of packaging of these products
• Due to the uniform nature of current spread, and lower thermal resistance, the market is expected to grow with a number of industries adopting these products

Market Restraints:

• Adoption in premium products majorly, is expected to restrain the market growth
• High demand of these products have put high pressure on LED foundries of which there is a lack of, overburdening the existing ones which is expected to restrain the market growth 

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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