PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485734
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485734
Chip Scale Package (CSP) LED Market size was valued at USD 1,614 million in 2023, expanding at a CAGR of 14.5% from 2024 to 2032.
The low-cost potential of LEDs with materials is one of the main elements driving the global chip scale package (CSP) led markets. Reducing power degradation from temperature changes is the biggest difficulty facing LED makers. Several LED producers are opting for CSP apparatus, as it enables the decrease of dimensions when directly attaching the LED to the printed circuit board panel. Furthermore, a high rate of adoption is anticipated in automotive applications, which are creating new market potential. Growing demand from display backlighting and other applications, coupled with the increasing presence of different producers, will support the market's expansion.
Chip Scale Package (CSP) LED Market- Market Dynamics
Increasing Demand for Energy-Efficient Lighting Solutions
The demand for energy-efficient lighting solutions has indeed been on the rise, and Chip Scale Package (CSP) LEDs are playing a significant role in meeting this demand. CSP LEDs offer several advantages over traditional LED packages, making them attractive for various lighting applications. Furthermore, as technology has advanced past 3 nanometers, wafer sizes have run into scaling issues and production costs have gone up. Therefore, the semiconductor industry is looking for other methods to retain chip size while guaranteeing high efficiency in addition to continuing to develop improved techniques.
Chip Scale Package (CSP) LED Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 14.5% over the forecast period (2024-2032)
Based on power range segmentation, high power was predicted to show maximum market share in the year 2023
Based on application segmentation, the backlighting unit was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
The Global Chip Scale Package (CSP) LED Market is segmented based on Power Range, Application, End User, and Region.
The market is divided into three categories based on power range: High power, mid power and low power. The high-power category is anticipated to hold a dominant market share during the forecast period based on power range. Chip scale package LEDs are becoming more and more necessary for high area lighting, road lighting, and architectural lighting because of their high power. The main applications for high-power CSP LEDs are industry and outdoor illumination; these LEDs are all about efficiency.
The market is divided into four categories based on application: Backlighting, automotive, flash lightening and general lightening. It is anticipated that over the forecast period, the backlighting unit application segment will have a dominant market share. For monitors and smartphone displays, it offers a reliable and energy-efficient backlighting source. In addition to having reduced power usage, OLED displays can be far lighter than anything presently available on the market thanks to the backlight unit.
Chip Scale Package (CSP) LED Market- Geographical Insights
In terms of regional dominance, the chip scale package (CSP) LED market is dominated by the Asia Pacific area. With a significant demand for chip scale package LEDs for display backlighting, mobile flash, and other applications, South Korea, China, and Japan are primarily responsible for the governance of Asia Pacific. The reason for APAC's dominance in the market is the presence of top chip scale package LED makers and consumers, including smartphone vendors and display panel manufacturers. The growth of more recent chip-scale package applications in universal lighting will help propel the development in APAC. The second largest region with the highest demand is North America. The market for chip scale package LEDs benefits from the presence of major manufacturers. The main players are making a lot of efforts to raise awareness. During the forecast period, this region is expected to have a greater profitability rate.
The major players covered in the chip scale package (CSP) LED market are LG INNOTEK, Lumileds Holding B.V., SAMSUNG, Semiconductor Co., OSRAM Opto Semiconductors GmbH Ltd., Genesis Photonics Inc., NICHIA CORPORATION, Cree, Inc., Lumens Co., Ltd., Lextar Electronics Corporation, Shenzhen MTC, Plessey. Samsung is a global leader in various electronic components, including LEDs. They have invested heavily in CSP LED technology and offer a wide range of products catering to different applications and market segments. For instance, Samsung Introduces New Line-up of LED Components for Automotive Lighting, Featuring Chip-Scale Packaging. Moreover, Everlight is a well-established player in the LED market, offering a diverse portfolio of products including CSP LEDs. They emphasize product quality, reliability, and affordability.
In September 2022, Bridgelux launched its new series of Chip Scale Package (CSP) LEDs., Bridgelux's advanced flip chip technology and phosphor coating technology make them the perfect fit for high dense clustering, tunable CCT, and high luminous flux output.
In May 2024, Empower Semiconductor, the world leader in integrated voltage regulators (IVRs), announced the largest silicon capacitor. The new EC1005P is a capacitance device suitable for the most demanding power integrity targets as often found in high-performance systems-on-chip (SoCs).
GLOBAL CHIP SCALE PACKAGE (CSP) LED MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Lumileds Holding B.V.
OSRAM GmbH
SAMSUNG
Semiconductor Co., Ltd.
LG INNOTEK
NICHIA CORPORATION
Cree, Inc.
Genesis Photonics Inc.
SEMILEDS CORPORATION
Lumens Co., Ltd.
Lextar Electronics Corporation
Shenzhen MTC
Unistars
Plessey
ShenZhen Dpower Opto-electronic Co.,Ltd
Others