Chip Scale Package LED Market 2020 Expected to Showcase Extensive Growth, Business Opportunity | Industry analysis by Major Companies: Samsung Electronics Co., Ltd., Lumileds Holding B.V.

Market Research Future published a research report on “Chip Scale Package LED Market” Driven by the demand from APAC, the global market 2020 is expected to expand rapidly, ensuring a significant market valuation and a healthy CAGR of 19.4% over the review period

Market Overview

Market Research Future (MRFR), in its recently published research report, emphasizes that the global chip-scale package LED market is booming and expected to grow exponentially over the review period, recording a substantial market valuation from USD 743.8 million in 2018 to USD 1.8 billion by 2023, and a healthy 19.4% CAGR in the forecast period.

Drivers and Restraints          

The main driving factors for the chip scale package LED markets are low production cost and high package density. The chip-scale package LED market is driven by influential factors such as low-cost potential owing to the inadvertence of numerous packaging steps, small form factor with wide beam angle, and high package density and low thermal resistance and uniform current spreading boosts the market growth. The product is anticipated to witness a huge adoption in the automotive sector. The applications in general lighting are another huge opportunity for the chip scale package LED market to grow at a substantial rate in the upcoming years. On the other hand, the overload on LED foundries and restraint to premium products has a negative impact on the growth of this market in the present market scenario. Low application rate of the chip-scale package LEDs act as a major limiting factor for the market. Moreover, its restricted applications in the global electronics sector act as a major limiting factor for the market over the forecast period.

Competitive Analysis

The major market players operating in the global chip-scale packaging market as identified by MRFR are  Samsung Electronics Co., Ltd. (South Korea), Lumileds Holding B.V. (US), OSRAM Opto Semiconductors GmbH (Germany), LG Innotek (South Korea), Semiconductor Co., Ltd. (South Korea), Epistar Corp. (Taiwan), Cree, Inc. (US), Semileds Corporation (Taiwan), Genesis Photonics Inc. (Taiwan), and Lextar Electronics Corporation (Taiwan).

Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/7299

Segmental Analysis

The global chip-scale package LED Market is analyzed into application, and power range.

On the basis of application, the market is segmented into the backlighting unit (BLU), automotive lighting, general lighting, flash lighting, and others. In the applications segment, the backlighting unit (BLU) is projected to dominate the market in terms of market value over the review period due to its growing demand in electronic products, such as monitor, TV, and other display systems.

On the basis of power range, the market is bifurcated into high power and low- and mid-power.

Regional Analysis

The geographical analysis of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa). 

The Asia Pacific is projected to dominate the chip-scale package LED market over the review period. Asia Pacific region is considered as the most potential region in terms of expansion and implementation of chip scale package LEDs in the areas of smartphone and display systems. The region has massive potential for income generation in the chip-scale package LED market, mainly from the consumer electronics industry verticals.

If you have any requirements, let know and we will customize the report according to your need.

FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/chip-scale-package-led-market-7299

TABLE OF CONTENTS:

1. Market Introduction
2. Research Methodology
3. Market Dynamics
4. Executive Summary
5. Market Factor Analysis
6. Chip Scale Package LED Market, By Segments
7. Competitive Analysis

Continued…

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Tags: Chip Scale Package LED Market Size, Chip Scale Package LED Market, Chip Scale Package LED Market Demand, Chip Scale Package LED Market Trends, Chip Scale Package LED Market Analysis, Chip Scale Package LED, Chip Scale Package LED Market Share, Chip Scale Package LED Market Report See Campaign: https://www.marketresearchfuture.com/reports/chip-scale-package-led-market-7299
Contact Information:
Contact Us Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India +1 646 845 9312 Email: [email protected]

Tags:
, Reportedtimes, iCN Internal Distribution, Research Newswire, English