Japan LED Packaging Market is Growing at a CAGR of 4.5 % in 2021-2027
Published | 30 October 2021
The LED packaging market in Japan is mainly driven by increased demand for LED packages for display panels. The growth of the market is also facilitated by favorable government policies and regulations promoting LEDs as energy-efficient and environmentally friendly products…
A study, recently conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that Japan LED packaging market is growing at a CAGR of 4.5 % during the forecast period (2021-2027). Due to numerous LED products being used in cruise ship lights highlighting their facades, as well as its application in industrial, medical, and residential lighting, the LED packaging industry is gaining momentum in the market with a significant growth rate. Additionally, these services generate significant revenue for the market, leading to the expansion of the end-user industry. However, due to intense competition and an explosion of manufacturers, the LED Packaging market has become fully saturated.
The Surge in Demand for Disinfection Systems due to COVID-19 Driving the Demand for Efficient UV LED Packages
In the current COVID-19 environment, UV-C LEDs are in high demand because they can destroy viruses and germs with 99.9% reliability. UV-C light kills bacteria and viruses by destroying their nucleic acids and disrupting their DNA. Moreover, it makes medical facilities safer by killing bacteria and viruses. For instance, using a deep ultraviolet (UV) LED, Nichia Corp., a Japanese company, has created a device that can kill 99.99% of coronavirus particles when placed on surfaces for 30 seconds. Nichia Corp., located in Tokushima Prefecture's city of Anan, plans to use it in air purifiers, air conditioning systems, and other equipment. The company has donated 20 LED trial products to the Tokushima Prefectural Government and 30 to Tokushima University and is in talks with Japanese manufacturers to develop and sell deep UV LED products. Thus, as the demand for UV-C LEDs grows, efficient LED packages are also increasing.
Japan LED Packaging Market: By Package Type
The Japan LED packaging market is categorized into SMD (Surface Mount Device Package), COB (Chip On Board Package), CSP (Chip Scale Package), and Others. Among these, the CSP LEDs witnessed the highest CAGR during the forecast period. Due to the requirement for energy-efficient and compact backlighting sources for TVs, monitors, and smartphone displays, the display backlighting application holds a prominent position in the chip-scale package (CSP) LED industry. Moreover, Chip-scale Package (CSP) LEDs have emerged as an excellent replacement for conventional and oversized LED packages for display backlighting units. LED-based BLUs with a chip scale package (CSP) drive product innovation and cost reduction and a small form factor and wide beam angle.
Japan LED Packaging Market: Impact of COVID-19
The Japanese LED packaging market includes major suppliers like Nichia, ATEX Co., Ltd., Toshiba, Sharp, and Panasonic. These companies have manufacturing sites distributed across the Asia Pacific, Europe, North America, and the rest of the world. These firms' LED packages are utilized in various industries, including consumer electronics, automotive, industrial, real estate, and many others.
COVID-19 has had an impact not only on the LED packaging market players but also on enterprises in the industries listed above. The automotive and consumer electronics industries had to reduce their need for display panels, negatively affecting the market. Also, consumers reduced their spending on expensive items such as high-end smartphones and OLED televisions. Moreover, product features became a distant second priority, with basic functionality taking precedence.
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Japan LED Packaging Market: Competitive Landscape
Japan LED packaging market is highly fragmented due to the presence of global and domestic players involved in the market. New product development, expansion, and acquisition enable companies to stay competitive. Leading players are expanding their global footprint by acquiring overseas producers. Some key players in Japan LED packaging market are ATEX Co. Ltd., Toshiba, Sharp, Panasonic, ENDO Lighting Corporation, Nichia Corporation, and Other Prominent Players.
In October 2021, NICHIA, the world's largest LED manufacturer and developer of the high-brightness blue and white LED, has launched mass production of a new UV-C LED with a high radiant flux to aid in the inactivation and sterilization of bacteria and viruses in industrial water and air applications.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Japan LED packaging market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Japan LED packaging market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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