The global chip scale package LED market size is set to reach US$ 5.8 billion by 2032. It stood at US$ 1.5 billion in 2022. A CAGR of 14.9% is expected to be witnessed by the global market from 2022 to 2032.
An integrated circuit package that can be surface mounted is known as a chip scale package. It has an area no more than 1.2 times that of the original die.
The IPC/JEDEC J-STD-012 is the foundation for this description of a chip-scale packaging. Due to its numerous advantages, chip-scale packaging has grown to be one of the largest developments in the electronics sector since their introduction.
Traditional LEDs are mostly produced via a chip manufacturing process. The component, such as a package LED embedded in ceramic substrate, is connected to the die.
A packed LED refers to the entire procedure. Production method and manufacturing costs are the most important factors in chip-scale LED.
The CSP LED has a quick production time and bypasses the manufacturing step. In the chip-scale package LED market, chip-scale LEDs are regarded as the most popular trend.
Any chip must meet a set of requirements in order to be packaged. In this instance, packaged LED chips scale is suitable for the die, and their production process is simple.
These chip scales penetrate the market more slowly than conventional packed LEDs. The possibility for this chip scale would be large in the next ten years, though.
It has excellent characteristics and cost savings that will create enormous desire for the chip size package LED industry. In applications using backlights, there is a considerable need for chip scale. For numerous electronics, it is an energy-efficient chip scale.
The global market might be constrained by low-cost possibilities of skipping key packaging processes. The product's container or bill material is inexpensive.
Broad market benefits from low manufacturing costs associated with these chip sizes might hamper sales. The final product is economical for industries since it has a low potential cost.
These elements significantly increase demand from this sector. Several packaging procedures are skipped, which even cuts production time. These characteristics will encourage substantial investment in the chip-scale packaging industry in the assessment period.
| Attributes | Key Insights |
|---|---|
| Chip Scale Package LED Market Estimated Size (2022E) | US$ 1.5 billion |
| Projected Market Valuation (2032F) | US$ 5.8 billion |
| Value-based CAGR (2022 to 2032) | 14.9% |
| USA Value-based CAGR (2022 to 2032) | 13.6% |
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As per Future Market Insights (FMI), the global chip scale package LED market is set to exhibit a CAGR of 14.9% from 2022 to 2032. It witnessed a CAGR of around 18.1% in the historical period.
Advantages of chip scale package (CSP) LEDs led over conventional ones are their main attributes. More end users are drawn to this sector as a result.
The supply chain will expand in the next ten years owing to the product's remarkable qualities. End users are influenced to purchase these chip scales by numerous characteristics.
These include the form factor, wide-angle beam, and high package density. A large audience from various industries will be drawn in thanks to improvements made to these features.
Chip scale package LEDs have a significant benefit owing to their low heat resistance. Another element that might lead to increased rate of adoption of this technology is uniform spreading.
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North America is anticipated to lead the global chip scale package LED market throughout the projection period. Growing need for chip scale LEDs in the backlighting unit would lead to expansion in North America. It is also attributed to rising demand from the flash lighting sector.
As per Future Market Insights (FMI), CAGR of North America is likely to be about 23.2% in the forecast period. Cree Inc. is one of the leading producers of chip scale package LEDs in the region.
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Launch of Unique Speakers with Lead Frame Chip Scale Package in the USA to Aid Sales
The USA chip scale package LED market is expected to be worth US$ 780.4 million by 2032. It is set to create an absolute dollar opportunity of US$ 562.3 million from 2022 to 2032.
The USA market witnessed growth at a CAGR of 14.7% from 2017 to 2021. It is anticipated to expand at a CAGR of 13.6% from 2022 to 2032.
In November 2022, Xperion 6000 LED was introduced by Lumileds. It is a USA-based company. The variable beam of Xperion 6000 Flood Speaker produces 1000 lumens in flood mode and 250 lumens in spotlight mode.
The light doubles as a USB power bank. It has built-in Bluetooth speakers that enable music to be played straight via the work light.
United Kingdom-based Wafer Level Chip Scale Package Manufacturers to Engage in Partnerships
The United Kingdom chip scale package LED market is set to be worth US$ 163.4 million by 2032. It would create an absolute dollar growth of US$ 115.3 million in the next ten years.
The United Kingdom witnessed growth at a CAGR of 13.2% from 2017 to 2021. It is expected to flourish at a CAGR of 13.0% from 2022 to 2032.
In October 2020, Lextar Electronics based in the United Kingdom, partnered with X Display. This partnership will help to accelerate high-performance micro LED mass production.
Launch of High Output Wafer Level Chip Size Package in Japan to Boost Demand
Japan chip scale package LED market is projected to be worth US$ 1.0 billion by 2032. It would create an incremental opportunity of US$ 773.8 million in the assessment period.
Japan exhibited growth at a CAGR of 19.2% from 2017 to 2021. It is estimated to elevate at a CAGR of 15.1% from 2022 to 2032.
In January 2023, Nichia Corporation, a Japan-based company, introduced its high output 280 nm NSCU 434C. It has a wall-plug efficiency of 5.4% and can produce a radiant flux of 110mW at 350mA. It is a surge of more than 80% over its predecessor.
Its flux density and efficiency has a dimension of just 3.5mm x 3.5mm. These are currently unparalleled in the industry. They can also eliminate any wavelength inefficiencies of germicidal efficacy.
Need for High-power Automotive Lighting to Spur Demand for Chip Scale Package Implementation
Based on power range, the high power segment is set to dominate the global market. It is projected to witness a CAGR of 14.6% from 2022 to 2032. It showcased steady growth at 17.5% CAGR during the historical period.
The high power segment is anticipated to expand rapidly throughout the projection period. Global demand for backlight LEDs and automotive lighting would broaden the segment. It calls for high-power CSP LEDs for increased effectiveness and high beam functions.
Growth is high since the automotive lighting industry currently has a low market penetration rate. Yet, numerous businesses have seen high potential in the automotive lighting industry.
They are introducing unique products and making attempts to get into the aftermarket. They are also taking initiatives to expand their supply chain for vehicle lighting. It has led to a significant increase in terms of demand.
Expansion of Aerospace Industry to Propel Need for Backlighting Chip Scale Package Process Flow Units
By application, the backlighting unit segment is projected to lead the global market. As per the report, the segment is set to expand by 14.8% CAGR from 2022 to 2032.
It witnessed considerable growth at a CAGR of 17.8% from 2017 to 2021. Ongoing expansion of the aerospace and defense industry can be connected to increasing need for customized equipment.
The global chip scale package LED market contains numerous small- and medium-sized companies. Leading players are striving to invest in research and development activities to create novel products. A few other companies are focusing on launching highly efficient technologies to cater to the rising demand.
A few of the recent developments in the chip scale package LED market are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 1.5 billion |
| Projected Market Valuation (2032) | US$ 5.8 billion |
| Value-based CAGR (2022 to 2032) | 14.9% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (US$ billion) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Covered | USA, United Kingdom, Germany, France, Spain, Italy, Japan, China, Singapore, Malaysia, Sri Lanka, Kingdom of Saudi Arabia, United Arab Emirates, South Korea, Finland, Hungary, Rest of the World |
| Key Segments Covered | Application, Power Range, Region |
| Key Companies Profiled | Lumileds; Samsung Electronics; Seoul Semiconductors; Osram Opto Semiconductors; LG Innotek; Nichia; Epistar; Cree; Genesis Photonics; Lumens Co., Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global chip scale package LED market is valued at US$ 1.5 billion in 2022.
The chip scale package LED market’s CAGR from 2022 to 2032 will be 14.9%.
United States is expected to reach a value pool of US$ 780.4 million until 2032.
Japan’s chip scale package LED market will surge at a CAGR of 15.1% through 2032.
The high power segment will remain preferred in the market through 2032.
1. Executive Summary | Chip Scale Package LED Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ billion) & Volume (Units) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ billion) & Volume (Units) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Application, 2017 to 2021 5.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032 5.3.1. Backlighting Unit 5.3.2. General Lighting 5.3.3. Automotive 5.3.4. Flash Lighting 5.3.5. Others 5.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Power Range 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Power Range, 2017 to 2021 6.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Power Range, 2022 to 2032 6.3.1. Low & Mid-Power 6.3.2. High-Power 6.4. Y-o-Y Growth Trend Analysis By Power Range, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Power Range, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Region, 2017 to 2021 7.3. Current Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 8.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Application 8.2.3. By Power Range 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Application 8.3.3. By Power Range 8.4. Key Takeaways 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Application 9.2.3. By Power Range 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Application 9.3.3. By Power Range 9.4. Key Takeaways 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Application 10.2.3. By Power Range 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Application 10.3.3. By Power Range 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Application 11.2.3. By Power Range 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Application 11.3.3. By Power Range 11.4. Key Takeaways 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. Gulf Cooperation Council Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of Middle East and Africa 12.2.2. By Application 12.2.3. By Power Range 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Application 12.3.3. By Power Range 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. USA 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Application 13.1.2.2. By Power Range 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Application 13.2.2.2. By Power Range 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Application 13.3.2.2. By Power Range 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Application 13.4.2.2. By Power Range 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Application 13.5.2.2. By Power Range 13.6. United Kingdom 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Application 13.6.2.2. By Power Range 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Application 13.7.2.2. By Power Range 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Application 13.8.2.2. By Power Range 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Application 13.9.2.2. By Power Range 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Application 13.10.2.2. By Power Range 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Application 13.11.2.2. By Power Range 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Application 13.12.2.2. By Power Range 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Application 13.13.2.2. By Power Range 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Application 13.14.2.2. By Power Range 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Application 13.15.2.2. By Power Range 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Application 13.16.2.2. By Power Range 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Application 13.17.2.2. By Power Range 13.18. Gulf Cooperation Council Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Application 13.18.2.2. By Power Range 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Application 13.19.2.2. By Power Range 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2021 13.20.2.1. By Application 13.20.2.2. By Power Range 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Application 14.3.3. By Power Range 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Lumileds 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Samsung Electronics 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Seoul Semiconductor 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Osram Opto Semiconductors 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. LG Innotek 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Nichia 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Epistar 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Cree 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Genesis Photonics 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Lumens Co., Ltd. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodolog
Technology
November 2020
REP-GB-12150
March 2023
333 pages
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Chip Scale Package LED Market
