Chip Scale Package (CSP) LED market size is expected to reach USD 3,994.9 Million in 2028. The today's report, Chip Scale Package LED market permits stakeholders to advantage insights into their capacity customers to construct extra powerful advertising and marketing techniques for the forecast period, 2021 to 2028. Most importantly, the report empowers business owners to seek information about potential customers and in which they could discover them. With an different coverage of the top vendors, the study permits business owners to recognize more about the local market and find capacity customers.
Chip scale package LEDs are designed for sophisticated retail lighting in branded jewelry and fashion boutiques stores. Professional designs for small luminaires and customized Chip-on-Board (CoB) are main applications supported by CSP LEDs, as it enables smaller and narrowest beam angle spotlights. Surge in adoption in general lighting and rapid developments in CSP LEDs with GaN-on-Si (Gallium Nitride on Silicon) is expected to further drive revenue growth of the market in the coming years. However, overburden on LED foundries acts as a restraining factor for market growth.
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Further key findings from the report suggest
- In November 2020, Harvatek Corporation launched a new LED product in chip scale package. The LED has low power dissipation and high brightness and as there are no wire bonding, processing time is also reduced. The product has several unique features such as flip chip technology, which means the chips in LED have low thermal resistance.
- High power segment accounted for a significantly larger revenue share in 2020 due to increase in demand for chip scale package LED in road lighting, high area lighting, and architectural lights. High powered LEDs are very efficient and used mainly for outdoor and industrial lighting.
- CSP LEDs are increasingly being used in automotive headlamps which require beam shape control and high intensity. Latest development in matrix headlights include chip scale package LEDs, which improve matrix resolution, improve driver vision, and enhance Advanced Front Light Systems (AFLS) along with cameras. Chip scale package LEDs are qualified to meet cooling process requirement, and as it does not have wire connection, LEDs are not damaged by vibration and offer longer service life.
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Report Objective:
The report offers a complete analysis of the global Chip Scale Package LED market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. LG Innotek, Lumileds, Seoul Semiconductor, Samsung Electronics, Cree, Nichia, Osram Opto Semiconductors, Genesis Photonics, Epistar, and Lextar Electronics. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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Emergen Research has segmented the global Chip Scale Package LED market on the basis of power, application, end-use, and region:
Power Outlook (Revenue, USD Million; 2018–2028)
- Low Power
- Mid Power
- High Power
Application Outlook (Revenue, USD Million; 2018–2028)
- General Lighting
- Backlighting Unit (BLU)
- Flash Lighting
- Automotive Lighting
- Others
End-use Outlook (Revenue, USD Million; 2018–2028)
- Residential
- Commercial
- Industrial
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Chip Scale Package LED market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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