Global LED Packaging Market 2021 is expected to register a CAGR of 3.01%, during forecast period with Impact of Covid 19 Analysis

LED

Global “LED Packaging Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the LED Packaging in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. LED Packaging Market report categorizes the market based on manufacturers, regions, type, and application. LED Packaging Market reports offer a detailed assessment of the LED Packaging including enabling technologies, current market situation, market assumptions, restraining factors.

The Global LED Packaging market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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LED Packaging Market was worth USD 15.06 billion in 2017 and is projected to grow to USD 17.99 billion by 2023 at a CAGR of 3.01% during the period 2018 – 2023. The report discusses the various types of packaging and the end-users using the LED products. While the regions considered in the scope of the report include North America, Europe, and various others. The study also emphasizes on how growth in the number of government initiatives for the adoption of LEDs is changing the market scenario.

LED technology has captured the imagination of the lighting industry by offering tiny and efficient lighting solutions to a diverse set of consumers. In the past decade, features, such as power saving, enhanced efficiency, and non-splintery, compared to traditional bulbs has played a significant role in increasing the demand for LED’s. Thus, it has led manufacturers to focus on LED design for appropriate packaging and viability of the end product. Moreover, the design process of the packaging has directly influenced factors such as temperature, luminescence efficiency, wavelength, life span, and others, and has reduced the overall operational costs. Hence, with the improvements in the packaging technology of power LED chips, there is increased adoption of the LED solutions. Thus, with the rapid enhancement in the applications of LED packaging, the innovation and consumption is expected to increase in the upcoming years, driving the LED packaging market.

Rising Demand For High Power LED Packages For Lighting Applications To Drive The Market

In order to get high power, high brightness LED light sources, manufacturers are now making efforts to produce high power LED with proper packages. The high-power LED poses challenges for the traditional lighting where heat dissipation is a major cause of concern. It has emerged as the most used technology for various applications, such as industrial facilities. High-density chip assembly, high output power, low thermal resistance and increased luminescence efficiency are anticipated to drive the demand. Moreover, as various end-users, specifically, industrial facilities are looking to adapt cost effective lighting measures at the premises owing to the energy efficient nature of LED’s, the demand for high power LED’s in the these spaces is expected to increase.

Increasing Demand From Commercial Segment To Drive The Market

The automotive sector outlook has largely been optimistic, driven by a shift in consumer demand towards longer term, cost-effective automobiles. Moreover, recent changes in regulations aimed at reducing emissions may have a telling impact on the industry. Manufacturers have been proactively seeking to differentiate their products from their rivals by adopting next generation solutions, such as LED lighting solutions. In addition to this, higher efficiency metrics for LED lights has enabled them to cut down on the number of light units deployed as a part of the lighting systems. Also, increasing prominence of LEDs can also lead to the adoption of smart lighting systems (connected lighting) in industries. Given the flexibility of LEDs in terms of color variation and brightness, it makes more sense for connected systems to use LEDs than traditional lighting sources.

Growing Demand for LED’s in Asia-Pacific to Drive the Market

Asia Pacific is currently experiencing a tremendous shift in lighting systems where companies in these regions have been identified to adopt LED lights in industries and manufacturing plants compared to its counterparts, like incandescent, and LFL owing to the improved efficiency of LED lighting systems. China has been gradually reducing the sale of incandescent light bulb products during the last five years, ensuring that the outdated technology is soon replaced by something more advanced and profitable. In India, the government supported plan of deploying cost effective LED’s across the end-users has received a warm response. According to the government, LED adoption is driving to an annual energy savings of over 3,340 crore kWh and resulting in avoidance of over 6,725 MW of peak demand.

Also, India’s Ministry of Power is expected to procure 200 million LED light bulbs via open bids in 2018. The ministry, in line with its Domestic Efficient Lighting Program, in 2014 began to distribute LED light bulbs to households to replace incandescent ones in a bid to save energy. As other countries in the region are expected to follow suit, the demand for LED’s is expected to increase.

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The global LED Packaging market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

LED Packaging Market Report covers the Top Key-players in 2021:-

  • Samsung Electronics Co. Ltd.
  • OSRAM Opto Semiconductors GmbH
  • Nichia Corporation
  • LG INNOTEK
  • Seoul Semiconductor Co.
  • Ltd.
  • Stanley Electric
  • Lumileds Holding B.V.
  • EverLight Electronics CO.
  • LTD.
  • TOYODA GOSEI Co.
  • DOW Corning
  • Citizen Electronics
  • Cree
  • Inc.

Highlighted points of LED Packaging Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This LED Packaging Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for LED Packaging? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This LED Packaging Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of LED Packaging Market? What Was Capacity, Production Value, Cost and PROFIT of LED Packaging Market?
  • What Is Current Market Status of LED Packaging Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of LED Packaging Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global LED Packaging Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is LED Packaging Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On LED Packaging Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of LED Packaging Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for LED Packaging Industry?

Key Developments in the LED Packaging Market:

  • January 2018 – Lumileds announced a new 5×5-mm packaged LED. The 2W product has high-power specifications and targets outdoor and industrial solid-state lighting (SSL) applications that are typically served by high-power LEDs
    The m

    Reasons to Purchase this Report

  • Analyzing the growing demand for high power LED packages for lighting applications and its effects on market scenario
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The packaging type and application that are expected to dominate the market
  • The region that is expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global LED Packaging Market 2021 describes the LED Packaging industry expansion game plan, the LED Packaging industry knowledge supply, appendix, analysis findings, and the conclusion.

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