The global LED packaging market is expected to grow at an annual average of 4% from 2021 to 2027 from $17.6 billion in 2021 (estimated year) to $22.3 billion by 2026. The growth of the LED packaging market is fueled by the surge in demand for LEDs, the packaging of the display panel market, recent government initiatives and regulations encouraging the use of LEDs for energy efficiency and environmental benefits, increasing demand for IoT-enabled luminaires and smart lighting solutions. In addition, COVID-19 has increased the demand for disinfection systems to increase the demand for efficient UV LED packages.
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LED Packaging Market: Segmentation
By Package Type:
• SMD
• COB
• CSP
• Others
By Application:
• General Lighting
• Automotive Lighting
• Backlighting
• Flash Lighting
• Industrial
• Others
By Power Range:
• Low- & Mid-power LED packages
• High-power LED packages
By Wavelength:
• Visible & Infrared
• Deep UV
By Packaging Material:
• Plastic
• Nanoceramic
• Ceramics
• Silicone Materials
• Epoxy Molding Compound
• Metal Alloys
• Polymers
• Glass Composites
• Others
Key Players
• AlphaLED
• Nichia Corporation
• Samsung Corporation
• OSRAM Light AG
• Seoul Semiconductors Co. Ltd.
• Philips Corporation
• Stanley Electric Co. Ltd.
• Toyoda Gosei Co. Ltd.
• Cree Inc.
• Samsung Corporation
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
