LED Packaging Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Package Type (SMD (Surface Mount Device Package), COB (Chip On Board Package), CSP (Chip Scale Package), and Others); By Power Range (Low- & Mid-Power Led Packages, and High-Power Led Packages); By Wavelength (Visible & Infrared, and Deep UV); By Packaging Material (Plastic , Nanoceramics, Ceramics, Silicone Materials, Epoxy Molding Compound, Metal Alloys, Polymers, Glass Composites, and Others); By Application (Automotive, Residential, Television, Industrial, and Others); By Region (North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa)

  • Published Date: October 2021
  • Report ID: BWC21153
  • Available Format: PDF
  • Page: 200

Report Overview

LED packaging is experiencing high growth in the market. Growing applications for LEDs in various end-user industries, such as automotive, backlighting, and others, is driving the global LED packaging market.

Global LED Packaging Market- Industry Trends & Forecast Report 2027

The global LED packaging market was worth USD 16.9 billion in 2020 and is further projected to reach USD 23.0 billion by 2027 at a CAGR of 4.6 % during the forecast period (2021-2027). The growth is attributable to the increased demand for LED packages in the display panel market, recent favorable government initiatives and regulations promoting the application of LEDs for energy efficiency and environmental benefits. Additionally, the rising demand for IoT-enabled lighting fixtures and smart lighting solutions are significant factors that are likely to drive the growth of the LED packaging market during the forecast period. Furthermore, increased demand for disinfection systems due to COVID-19 is also driving demand for efficient UV LED packages.

LED Packaging  Market

Source: Blue Weave Consulting

Global LED Packaging Market Overview

The light-emitting diode or LED is one of the fastest-growing segments of the semiconductor industry. Compared to conventional bulbs, LEDs provide additional benefits such as energy efficiency and non-splintering. Consequently, manufacturers focus on LED design for optimal packaging and end-product viability. Additionally, the type of packaging is determined by the LED variety. LED packaging options include plastic leaded chip carriers (PLCCs), ceramic holders, flip glass substrates, and printed circuit boards.

Global LED Packaging Market Trend

Growth Drivers

Surge in Demand for Disinfection Systems due to COVID-19 Driving Demand for Efficient UV LED Packages

UV LEDs are utilized in various applications such as UV curing, biological research, and disinfection. UV radiation is divided into three types based on its wavelength range: UV-C (100 to 280 nm), UV-B (280 to 315 nm), and UV-A (above 315 nm) (315 to 400 nm). UV-C LEDs are in high demand since they can eradicate viruses and germs with 99.9% accuracy in the current COVID-19 environment. Medical facilities can create a safer environment with those LEDs. UV-C light kills bacteria and viruses by damaging their nucleic acids and disrupting their DNA. Thus, UV-C LEDs are currently being used in air, water, and surface disinfection systems. These LEDs have a long lifespan and are highly reliable. Because of this, they are preferred in modern disinfection systems, unlike previous UV disinfection systems that relied on mercury lamps to generate light. As a result, the demand for UV-C LEDs is growing, ultimately contributing to the growth of the LED packaging market.

Restraints

Saturation in LED Packaging Market is Hampering the Market Growth

Due to increasing market pressure and growth in the number of manufacturers supplying these LED packages, the LED packaging market faces severe competition. In the display market, end users are likely to switch from LED-backlit LCD technology-based TVs to OLED or QD LED-based TVs when OLED and QD LED-based TVs have the same or comparable price tags as their conventional counterparts. Moreover, due to low demand for new technology-based products, the global TV market has reached saturation since customers continue to use old items as long as they meet their needs. Also, LEDs are experiencing a lot of price pressure. The increased competition in the LED packaging market has led LED manufacturers to develop innovative or distinctive lighting solutions in order to boost profits.

Impact of COVID-19

Nichia, Seoul Semiconductor, OSRAM, Lumileds, Samsung, MLS, Cree, EVERLIGHT, NationStar, and LITE-ON are the leading Tier 1 and 2 LED package manufacturers. These companies have manufacturing sites distributed across the Asia Pacific, Europe, North America, and the rest of the world. The LED packages from these companies are used in various industries, including consumer electronics, automotive, industrial, real estate, and a few others.

COVID-19 also affected businesses in the above-mentioned industries aside from LED packaging manufacturers. The automobile and consumer electronics industries also reduced their use of display panels during the pandemic. The consumer also cut back on expensive items such as high-end cellphones and OLED televisions. Features became a distant second priority, while basic functionality was prioritized. All of these issues have adversely affected the LED packaging market.

Global LED Packaging Market: By Power Range

Based on power range, the global LED packaging market is segmented into low- & mid-power LED packages and high-power LED packages. The high-power LED packages have witnessed a significant growth rate in 2020. As smartphone manufacturers demand high-power LEDs in flash illumination modules, smartphone cameras are now able to deliver great image quality in low-light conditions. A longer life span, reduced power consumption, higher luminescence efficiency, and a growth in high-brightness applications are all contributing to the market demand for high-power LED packages.

Global LED Packaging  Market

Source: Blue Weave Consulting

Global LED Packaging  Market: By Application

Based on applications, the global LED packaging market is segmented into automotive, residential, television, industrial, and others. Out of these, the residential segment has catered to a significant market share in 2020 and is likely to dominate the segment during the forecast period. This growth of the residential segment is attributable to the shift in customer demand for energy-efficient lighting such as LEDs. Additionally, government initiatives and increasing consumer awareness are some of the major factors proliferating the growth of the segment during the forecast period.

Global LED Packaging Market: Regional Insights

Geographically, the global LED packaging market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. The Asia Pacific has accounted for the largest market share in 2020 and is likely to dominate the segment during the forecast period. The growth of the market in this region can be attributed to the surge in acceptance of high-end consumer electronics, such as wearables and smartphones, in China and Japan. Flash LEDs and micro-LEDs are common packages for these devices.

In addition, the region has become a global hub for major investments and commercial expansion. Rapid infrastructure development in the region, particularly in China, may contribute to Asia Pacific's large share of the LED packaging market. Energy efficiency is vital for such activities, which paves the way for the renovation of infrastructure.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The LED packaging market is highly fragmented due to the presence of limited domestic and international players. Additionally, the emergence of new players has resulted in healthier competition among long-established service providers in the industry. Some key players in the global LED packaging market are Cree Inc., AlphaLED, Samsung Corporation, Osram Licht AG, Nichia Corporation, Toyoda Gosei Co. Ltd., Seoul Semiconductors Co. Ltd., Stanley Electric Co. Ltd., Philips Corporation, Everlight Electronics, LG Innotek, Epistar, Stanley Electric, Honglitronic, Lextar, Prolight, Edison, Schott, and Other Prominent Players.

Recent Developments

  • In October 2020, SMART Global Holdings (US), a designer and manufacturer of specialized memory, storage, and hybrid solutions for the electronics industry, agreed to buy Cree's LED Products business unit for USD 300 million.

 

  • In March 2020, EVERLIGHT introduced the ELUC3535NUB series of UV-C LED products for medical applications, water or air cleaning, and virus and bacterium sterilization. Due to the COVID-19 pandemic, demand for UV-C LED goods is likely to increase.

 

Scope of the Report

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, France, Germany, United Kingdom, Rest of the Europe, Japan, China, India, New Zealand, Australia, South Kores, Rest of the APAC, Brazil, Mexico, Rest of the Latin America, South Africa, Saudi Arabia, UAE, and Rest of MEA.

Product/Service Segmentation

By Package Type, By Power Range, By Wavelength, By Packaging Material, By Application and By Region

Key Players

Key Players for the market Some of the key players include Cree Inc., AlphaLED, Samsung Corporation, Osram Licht AG, Nichia Corporation, Toyoda Gosei Co. Ltd., Seoul Semiconductors Co. Ltd., Stanley Electric Co. Ltd., Philips Corporation, Everlight Electronics, LG Innotek, Epistar, Stanley Electric, Honglitronic, Lextar, Prolight, Edison, Schott, and Other Prominent Players.

 

  • By Package Type
        • SMD (Surface Mount Device Package)
        • COB (Chip On Board Package)
        • CSP (Chip Scale Package)
        • Others
  • By Power Range
        • Low- & Mid-Power Led Packages
        • High-Power Led Packages
  • By Wavelength
        • Visible & Infrared
        • Deep UV
  • By Packaging Material
        • Plastic
        • Nanoceramics
        • Ceramics
        • Silicone Materials
        • Epoxy Molding Compound
        • Metal Alloys
        • Polymers
        • Glass Composites
        • Others
  • By Application         
        • Automotive
        • Residential
        • Television
        • Industrial
        • Others
  • By Region
        • North America
        • Europe
        • The Asia-Pacific
        • Latin America
        • Middle East and Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Primary &Secondary Research Application
      2. Secondary Research
      3. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global LED Packaging Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Recent Development
    4. Technological Advancements
    5. Regulatory Framework
    6. Porter’s Five Forces Analysis
      1. Bargaining Application of Suppliers
      2. Bargaining Application of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global LED Packaging Market Overview
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)        
    2. Market Share & Forecast
      1. By Package Type
        1. SMD (Surface Mount Device Package)
        2. COB (Chip On Board Package)
        3. CSP (Chip Scale Package)
        4. Others
      2. By Power Range
        1. Low- & Mid-Power LED Packages
        2. High-Power LED Packages
      3. By Wavelength
        1. Visible & Infrared
        2. Deep UV
      4. By Packaging Material
        1. Plastic
        2. Nanoceramics
        3. Ceramics
        4. Silicone Materials
        5. Epoxy Molding Compound
        6. Metal Alloys
        7. Polymers
        8. Glass Composites
        9. Others
      5. By Application         
        1. Automotive
        2. Residential
        3. Television
        4. Industrial
        5. Others
      6. By Region
        1. North America
        2. Europe
        3. The Asia-Pacific
        4. Latin America
        5. The Middle East and Africa
  6. North America LED Packaging Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Package Type
      2. By Power Range
      3. By Wavelength
      4. By Packaging Material
      5. By Application
      6. By Country
        1. United States
        2. Canada
  7. Europe LED Packaging Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Package Type
      2. By Power Range
      3. By Wavelength
      4. By Packaging Material
      5. By Application
      6. By Country
        1. France
        2. Germany
        3. United Kingdom
        4. Rest of Europe
  8. Asia-PacificLED Packaging Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Package Type
      2. By Power Range
      3. By Wavelength
      4. By Packaging Material
      5. By Application
      6. By Country
        1. Japan
        2. China
        3. India
        4. New Zealand
        5. Australia
        6. South Korea
        7. Rest of APAC
  9. Latin AmericaLED Packaging Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Package Type
      2. By Power Range
      3. By Wavelength
      4. By Packaging Material
      5. By Application
      6. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. Middle East & AfricaLED Packaging Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Package Type
      2. By Power Range
      3. By Wavelength
      4. By Packaging Material
      5. By Application
      6. By Country
        1. South Africa
        2. Saudi Arabia
        3. UAE
        4. Rest of MEA
  11. Competitive Landscape
    1. Company Market Share Analysis, 2020
    2. Competitive Benchmarking, By Product Offerings
    3. List of Key Players and their Offerings
  12. Impact of COVID-19 across Industry
  13. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Cree Inc.
    2. AlphaLED
    3. Samsung Corporation
    4. OsramLicht AG
    5. Nichia Corporation
    6. Toyoda Gosei Co. Ltd.
    7. Seoul Semiconductors Co. Ltd.
    8. Stanley Electric Co. Ltd.
    9. Philips Corporation
    10. Everlight Electronics
    11. LG Innotek
    12. Epistar
    13. Stanley Electric
    14. Honglitronic
    15. Lextar
    16. Prolight
    17. Edison
    18. Schott
    19. Other Prominent Players
  14. Key Strategic Recommendations

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable.

 

List of Figures

 

Fig 1: Global LED Packaging Segmentation

Fig 2: Global LED Packaging Market Value Chain Analysis

Fig 3: Company Market Share Analysis, 2020

Fig 4: Global LED Packaging Market Size, By Value (USD Billion), 2017-2027

Fig 5: Global LED Packaging Market Share, By Package Type, By Value, 2017-2027

Fig 6: Global LED Packaging Market Share, By Power Range, By Value, 2017-2027

Fig 7: Global LED Packaging Market Share, By Wavelength, By Value, 2017-2027

Fig 8: Global LED Packaging Market Share, By Packaging Material, By Value, 2017-2027

Fig 9: Global LED Packaging Market Share, By Application, By Value, 2017-2027

Fig 10: Global LED Packaging Market Share, By Region, By Value, 2017-2027

Fig11: North America LED Packaging Market Size, By Value (USD Billion), 2017-2027

Fig 12: North America LED Packaging Market Share, Package Type, By Value, 2017-2027

Fig13: North America LED Packaging Market Share, By Power Range, By Value, 2017-2027

Fig 14: North America LED Packaging Market Share, By Wavelength, By Value, 2017-2027

Fig 15: North America LED Packaging Market Share, By Packaging Material, By Value, 2017-2027

Fig 16: North America LED Packaging Market Share, By Application, By Value, 2017-2027

Fig 17: North America LED Packaging Market Share, By Country, By Value, 2017-2027

Fig 18:EuropeLED Packaging Market Size, By Value (USD Billion), 2017-2027

Fig 19: EuropeLED Packaging Market Share, By Package Type, By Value, 2017-2027

Fig 20: EuropeLED Packaging Market Share, By Power Range, By Value, 2017-2027

Fig 21: EuropeLED Packaging Market Share, By Wavelength, By Value, 2017-2027

Fig 22: EuropeLED Packaging Market Share, By Packaging Material, By Value, 2017-2027

Fig 23: EuropeLED Packaging Market Share, By Application, By Value, 2017-2027

Fig 24: EuropeLED Packaging Market Share, By Country, By Value, 2017-2027

Fig 25: the Asia-PacificLED Packaging Market Size, By Value (USD Billion), 2017-2027

Fig 26: the Asia-PacificLED Packaging Market Share, By Package Type, By Value, 2017-2027

Fig 27: the Asia-PacificLED Packaging Market Share, By Power Range, By Value, 2017-2027

Fig 28: the Asia-PacificLED Packaging Market Share, By Wavelength, By Value, 2017-2027

Fig 29: the Asia-PacificLED Packaging Market Share, By Packaging Material, By Value, 2017-2027

Fig 30: the Asia-PacificLED Packaging Market Share, By Application, By Value, 2017-2027

Fig 31: the Asia-PacificLED Packaging Market Share, By Country, By Value, 2017-2027

Fig 32: Latin AmericaLED Packaging Market Size, By Value (USD Billion), 2017-2027

Fig 33: Latin AmericaLED Packaging Market Share, By Package Type, By Value, 2017-2027

Fig 34: Latin AmericaLED Packaging Market Share, By Power Range, By Value, 2017-2027

Fig 35: Latin AmericaLED Packaging Market Share, By Wavelength, By Value, 2017-2027

Fig 36: Latin AmericaLED Packaging Market Share, By Packaging Material, By Value, 2017-2027

Fig 37: Latin AmericaLED Packaging Market Share, By Application, By Value, 2017-2027

Fig38: Latin AmericaLED Packaging Market Share, By Country, By Value, 2017-2027

Fig39: The Middle East & AfricaLED Packaging Market Size, By Value (USD Billion), 2017-2027

Fig40: The Middle East & AfricaLED Packaging Market Share, By Package Type, By Value, 2017-2027

Fig 41: The Middle East & AfricaLED Packaging Market Share, By Power Range, By Value, 2017-2027

Fig 42: The Middle East & AfricaLED Packaging Market Share, By Wavelength, By Value, 2017-2027

Fig 43: The Middle East & AfricaLED Packaging Market Share, By Packaging Material, By Value, 2017-2027

Fig 44: The Middle East & AfricaLED Packaging Market Share, By Application, By Value, 2017-2027

Fig45: The Middle East & AfricaLED Packaging Market Share, By Country, By Value, 2017-2027

 

List of Tables

 

Table 1: Global LED Packaging Size, By Form, By Value, 2017-2027

Table 2: Global LED Packaging Market Size, By Package Type, By Value, 2017-2027

Table3: Global LED Packaging Market Size, By Power Range, By Value, 2017-2027

Table4: Global LED Packaging Market Size, By Wavelength, By Value, 2017-2027

Table5: Global LED Packaging Market Size, By Packaging Material, By Value, 2017-2027

Table6: Global LED Packaging Market Size, By Application, By Value, 2017-2027

Table7: Global LED Packaging Market Size, By Region, By Value, 2017-2027

Table8: North AmericaLED Packaging Market Size, By Package Type, By Value, 2017-2027

Table 9: North America LED Packaging Market Size, By Power Range, By Value, 2017-2027

Table 10: North America LED Packaging Market Size, By Wavelength, By Value, 2017-2027

Table11: North America LED Packaging Market Size, By Packaging Material, By Value, 2017-2027

Table 12: North America LED Packaging Market Size, By Application, By Value, 2017-2027

Table 13: North America LED Packaging Market Size, By Country, By Value, 2017-2027

Table 14: EuropeLED Packaging Market Size, By Package Type, By Value, 2017-2027

Table 15: Europe LED Packaging Market Size, By Power Range, By Value, 2017-2027

Table 16: Europe LED Packaging Market Size, By Wavelength, By Value, 2017-2027

Table 17: Europe LED Packaging Market Size, By Packaging Material, By Value, 2017-2027

Table 18: Europe LED Packaging Market Size, By Application, By Value, 2017-2027

Table 19: Europe LED Packaging Market Size, By Country, By Value, 2017-2027

Table 20: the Asia-PacificLED Packaging Market Size, By Package Type, By Value, 2017-2027

Table21: the Asia-Pacific LED Packaging Market Size, By Power Range, By Value, 2017-2027

Table22: the Asia-Pacific LED Packaging Market Size, By Wavelength, By Value, 2017-2027

Table23: the Asia-Pacific LED Packaging Market Size, By Packaging Material, By Value, 2017-2027

Table24: the Asia-Pacific LED Packaging Market Size, By Application, By Value, 2017-2027

Table 25: the Asia-Pacific LED Packaging Market Size, By Country, By Value, 2017-2027

Table 26: Latin AmericaLED Packaging Market Size, By Package Type, By Value, 2017-2027

Table 27: Latin America LED Packaging Market Size, By Power Range, By Value, 2017-2027

Table 28: Latin America LED Packaging Market Size, By Wavelength, By Value, 2017-2027

Table 29: Latin America LED Packaging Market Size, By Packaging Material, By Value, 2017-2027

Table 30: Latin America LED Packaging Market Size, By Application, By Value, 2017-2027

Table 31: Latin America LED Packaging Market Size, By Country, By Value, 2017-2027

Table 32: The Middle East & AfricaLED Packaging Market Size, By Package Type, By Value, 2017-2027

Table 33: The Middle East & Africa LED Packaging Market Size, By Power Range, By Value, 2017-2027

Table 34: The Middle East & Africa LED Packaging Market Size, By Wavelength, By Value, 2017-2027

Table 35: The Middle East & Africa LED Packaging Market Size, By Packaging Material, By Value, 2017-2027

Table 36: The Middle East & Africa LED Packaging Market Size, By Application, By Value, 2017-2027

Table 37: The Middle East & Africa LED Packaging Market Size, By Country, By Value, 2017-2027

Table 38:Cree Inc.Business Overview

Table 39:Cree Inc.Financial Analysis

Table 40:AlphaLEDBusiness Overview

Table 41:AlphaLEDFinancial Analysis

Table 42:Samsung CorporationBusiness Overview

Table 43:Samsung CorporationFinancial Analysis

Table 44:OsramLicht AGBusiness Overview

Table 45:OsramLicht AGFinancial Analysis

Table 46:Nichia CorporationBusiness Overview

Table 47:Nichia CorporationFinancial Analysis

Table 48:Toyoda Gosei Co. Ltd.Business Overview

Table 49:Toyoda Gosei Co. Ltd.Financial Analysis

Table 50:Seoul Semiconductors Co. Ltd.Business Overview

Table 51:Seoul Semiconductors Co. Ltd.Financial Analysis

Table 52:Stanley Electric Co. Ltd.Business Overview

Table 53:Stanley Electric Co. Ltd.Financial Analysis

Table 54:Philips CorporationBusiness Overview

Table 55:Philips CorporationFinancial Analysis

Table 56:Everlight ElectronicsBusiness Overview

Table 57:Everlight ElectronicsFinancial Analysis

Table 58:LG InnotekBusiness Overview

Table 59:LG InnotekFinancial Analysis

Table 60:EpistarBusiness Overview

Table 61:EpistarFinancial Analysis

Table 62:Stanley ElectricBusiness Overview

Table 63:Stanley ElectricFinancial Analysis

Table 64:HonglitronicBusiness Overview

Table 65:HonglitronicFinancial Analysis

Table 66:LextarBusiness Overview

Table 67:LextarFinancial Analysis

Table 68:ProlightBusiness Overview

Table 69:ProlightFinancial Analysis

Table 70:EdisonBusiness Overview

Table 71:EdisonFinancial Analysis

Table 72:SchottBusiness Overview

Table 73:SchottFinancial Analysis

 

Market Segmentation

  • By Package Type
        • SMD (Surface Mount Device Package)
        • COB (Chip On Board Package)
        • CSP (Chip Scale Package)
        • Others
  • By Power Range
        • Low- & Mid-Power Led Packages
        • High-Power Led Packages
  • By Wavelength
        • Visible & Infrared
        • Deep UV
  • By Packaging Material
        • Plastic
        • Nanoceramics
        • Ceramics
        • Silicone Materials
        • Epoxy Molding Compound
        • Metal Alloys
        • Polymers
        • Glass Composites
        • Others
  • By Application         
        • Automotive
        • Residential
        • Television
        • Industrial
        • Others
  • By Region
        • North America
        • Europe
        • The Asia-Pacific
        • Latin America
        • Middle East and Africa
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