Global Packaged LED Market Overview:
LED packaging is used to protect the LED chips and lead wires from having direct contact with the outside environment. This LED packaging helps to secure the diode chip with LED phosphors and epoxy silicone resin.
- Factors such as high thermal conductivity, high light efficiency, high flexibility, and uniform light output that drive the packaged LED market
- Increasing demand for LED Packages
- Increasing development of lighting products and systems
- Increasing adoption of daytime running lamps and LED headlamps in mass production cars
- Low cost of manufacturing
- Increasing adoption in automotive application
- Surging demand for consumer electronics
- The slowdown in production due to COVID-19
Companies in the market are concentrating on LED packaging. In North America, expanding semiconductor chip manufacturing capabilities in the US. APAC is the fastest-growing region due to the surge in demand for applications such as general lighting, automotive, and backlighting is driven by high economic growth in the region.
Some of the key players profiled in the report are Lumileds Holding B.V. (Netherlands), Pinsheng Electronics Co., Ltd (China), Wolfspeed (United States), Osram (Germany), Acuity Brands (United States), Eaton Corporation (Ireland), GE Lighting (United States), Nichia Corporation (Japan), Seoul Semiconductor Co Ltd (South Korea), Everlight Electronics (Taiwan), Philips Electronics India Ltd (India), Wipro (India) and Acuity Brands (United States). Additionally, following companies can also be profiled that are part of our coverage like SYSKA LED (India), Signify (Netherlands) and Kwality Photonics Pvt Ltd (India). Analyst at AMA Research see United States Players to retain maximum share of Global Packaged LED market by 2026. Considering Market by Type, the sub-segment i.e. COB (Chip on Board) LED Package will boost the Packaged LED market. Considering Market by End-Use Industry, the sub-segment i.e. Manufacturing will boost the Packaged LED market.
July 21, 2021: Lumileds introduced the EU Ecodesign Tool. This tool provides detailed LED performance data for lighting manufacturers and supports lighting manufacturers.
What Can be Explored with the Packaged LED Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Packaged LED Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Packaged LED
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Packaged LED market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Packaged LED market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Research & Development, Customers, Retailers, Manufacturer and Consumer Electronics Shops.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Packaged LED Market?
The Packaged LED market is expected to see a CAGR of % during projected year 2019 to 2026.
2. Who are the top performing companies in Packaged LED Market?
Top performing companies in the Global Packaged LED market are Lumileds Holding B.V. (Netherlands), Pinsheng Electronics Co., Ltd (China), Wolfspeed (United States), Osram (Germany), Acuity Brands (United States), Eaton Corporation (Ireland), GE Lighting (United States), Nichia Corporation (Japan), Seoul Semiconductor Co Ltd (South Korea), Everlight Electronics (Taiwan), Philips Electronics India Ltd (India), Wipro (India) and Acuity Brands (United States), to name a few.
3. What trending factors would impact Packaged LED Market growth most?
"Technological advancement in various LEDs" is seen as one of major influencing trends for Packaged LED Market during projected period 2019-2026.