According to a new market report published by Transparency Market Research titled “Chip Scale Package (CSP) LED Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global chip scale package (CSP) LED market is expected to reach US$ 3,065.1 Mn by 2026. The market is projected to expand at a CAGR of 13.90% during the forecast period from 2018 to 2026. According to the report, the global chip scale package (CSP) LED market will continue to be influenced by a range of factors such as rising demand for chip scale package (CSP) LED from many backlight LED as well as flash LED applications, smaller form factor, and higher package density. Europe will continue to be at the forefront of global demand, with the market in the region growing at above 13% through 2026.
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Automotive lighting application is expected to be more lucrative for the market
The global chip scale package (CSP) LED market is bifurcated by application into backlight LED, flash LED, automotive lighting, general lighting, and others. Others includes accent lighting and flexible edge-lit lighting. Automotive lighting application segment is projected to expand at a CAGR of more than 14% during the forecast period. Many companies are producing CSP LEDs at a higher volume, as the demand for LED lighting for the automotive segment is increasing for interior automotive lighting and taillight. Many CSP LED providers around the globesuch as OSRAM Opto Semiconductors GmbH, Nichia Corporation, and Lumileds Holding B.V. are developingnovel automotive LED components. For instance, in 2016, Samsung Electronics, a company that provides component solutions, announced a novel CSP LED package named “Fx-CSP” to be used across automotive lighting applications. Furthermore, many companies from the CSP LED marketplace such as Genesis Photonics Inc., are seeking automotive luminaire certification for the Chinese market to enter into the supply chain. Genesis Photonics Inc. has already entered the Taiwanese market supply chain by obtaining“TS 16949” certification that is required to supply the products to the automotive industry.
Commercial end-user is expected to dominate the chip scale package (CSP) LED market
Based onend-user, the chip scale package (CSP) LED market is segmented into residential, commercial, and industrial.Commercial end-user is projected to hold a higher market share, as a large number of well-established players from the CSP LED domain areproducing technologically advanced products. Moreover, demand for CSP LEDs for many commercial applications namely general lighting, flash LED used across smartphones, and backlight LED for slimmer TVs is increasing rapidly. Companies such as OSRAM Opto Semiconductors GmbH have also launched CSP LED made specifically for the retail lighting related applications.
High power segment expected to expand at a significant growth rate during the forecast period
Based on power range, the chip scale package (CSP) LED market is segmented into Low to Med, and high power. High power segment is projected to expand at a high CAGR during the forecast period. The growth is mainly due to the rising demand for backlight LED and automotive lighting around the globe that requires high power CSP LEDs for higher efficacy and higher beam functions. Furthermore, the growth is higher due to the lower market penetration rates across the automotive lighting segment currently. However, many companies have discovered the potential in the automotive lighting domain and are launching novel products for automotive lighting and trying to enter the automotive lighting supply chain as well as aftermarket.
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Asia Pacific to continue to hold significant share in the overall market
In terms of value, Asia Pacific was the leading contributor to the global chip scale package (CSP) LED market in 2017. The contribution is primarily due to the booming chip scale package (CSP) LED marketplace along with the presence of well-established players across the region, especially driven by countries such as China, Taiwan, Republic of Korea, and Japan. These countries are home to many well-established players from the chip scale package (CSP) LED domain including Samsung Electronics Co., Ltd., Seoul Semiconductor Co Ltd., LG Innotek, and Nichia Corporation among others. Many players from this region are focusing on launching novel CSP LEDs worldwide. For instance, in March 2018, Samsung Electronics Co., Ltd. launched the novel fillet-enhanced chip-scale package LEDs named “LM101B,” “LH181B,” and “LH231B.” The company had introduced CSP LED solutions in the year 2014 but with relatively lower efficacy as compared to LED packages that are conventional. The product has higher efficacy levels and can be applied to mainstream LED lighting environments
OSRAM Opto Semiconductors GmbH, LG Innotek, Lumileds Holding B.V., and Samsung Electronics Co., Ltd. among others are some of the major players operating in the chip scale package (CSP) LED market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling. Manyplayers are providing novel chip scale package (CSP) LEDto be used across various applications.
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