Press Release / Technology / Chip Scale Package (CSP) LED Market Growth, Trends, Opportunities, Segmentation and Forecast to 2023

Chip Scale Package (CSP) LED Market Growth, Trends, Opportunities, Segmentation and Forecast to 2023

Chip Scale Package (CSP) LED Market Highlights
Globally, the chip scale package LED Market is expected to grow from USD 743.8 million in 2018 to USD 1,807.5 million by 2023, at a CAGR of 19.4% during the forecast period, 2019–2023.
global chip scale package LED market is estimated to grow at a significant rate during the forecast period from 2019 to 2023. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
The major driving factors for the chip scale package LED market are low manufacturing cost, and high package density. The product is expected to witness a huge adoption in the automotive sector. The applications in general lighting is another big opportunity for the chip scale package LED market to grow with significant rate in the upcoming years. Limited applications of the chip scale package LEDs act as a major restraining factor for the market. In the applications segment, the backlighting unit (BLU) is expected to dominate the market in terms of market size during the forecast size due to its high demand in electronic products, such as TV, monitor, and other display systems.
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Key Players:
The prominent players in Chip scale package LED market are Lumileds Holding B.V. (US), Samsung Electronics Co., Ltd. (South Korea), Semiconductor Co., Ltd. (South Korea), OSRAM Opto Semiconductors GmbH (Germany), LG Innotek (South Korea), Epistar Corp. (Taiwan), Cree, Inc. (US), Genesis Photonics Inc. (Taiwan), Semileds Corporation (Taiwan), and Lextar Electronics Corporation (Taiwan).
Segmentation.
The global chip scale package LED Market is segmented into application, power range, and region/country.
By application, the market is segmented into backlighting unit (BLU), general lighting, automotive lighting, flash lighting, and others.
By power range, the market is segmented into high power and low- and mid-power.
By region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
Regional Analysis
The global market for global chip scale package LED is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
Asia Pacific is presumed to have largest contribution in the chip scale package LED market. China, Japan, India, Taiwan, and South Korea are the leading countries in the region. The region is considered as the most potential region in terms of development and adoption of chip scale package LEDs in the areas of smartphone and display systems. North America is anticipated to be the fastest growing region in the chip scale package LED market over the forecast period. The US and Canada are the leading countries in the North America chip scale LED market. The high growth can be attributed to the presence of many innovative semiconductor companies in the region that support boosting growth of chip scale LED products in the North America market.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Outlook
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Value Chain Analysis
5.4 Porter’s Five Forces Model
5.4.1 Threat Of New Entrants
5.4.2 Bargaining Power Of Suppliers
5.4.3 Bargaining Power Of Buyers
5.4.4 Threat Of Substitutes
5.4.5 Intensity Of Rivalry
Continued…
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LIST OF TABLES
Table1 Global Chip Scale Package LED Market, By Region, 2018-2023
Table2 North America Chip Scale Package LED Market, By Country, 2018-2023
Table3 Europe Chip Scale Package LED Market, By Country, 2018-2023
Table4 Asia-Pacific Chip Scale Package LED Market, By Country, 2018-2023
Table5 Rest Of The World Chip Scale Package LED Market, By Country, 2018-2023
Continued…
LIST OF FIGURES
FIGURE 1 Global Chip Scale Package LED Market: Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Chip Scale Package LED Market
FIGURE 4 Value Chain Of Global Chip Scale Package LED Market
FIGURE 5 Share Of Global Chip Scale Package LED Market By Country, 2017
Continued…
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