The Global LED Packaging Market is expected to grow at a rate of 4.7% CAGR from 2024 to 2030 and is expected to reach US$ 26.72 Bn. by 2030.LED Packaging Market Overview:
LED packages protect the LED chip from direct contact with the environment and encapsulate the chip with LED phosphors. Also, the package form of LED varies along with the application, the size, and the light emitting effect. The increasing demand for smart lighting solutions is expected to boost the growth of the LED packaging market.To know about the Research Methodology :- Request Free Sample Report
COVID-19 Impact on the LED Packaging Market
The LED packaging market consist of major Tier 1 and Tier 2 manufacturers and suppliers like Nichia, OSRAM, Lumileds, Seoul Semiconductor, Samsung, MLS, Cree, EVERLIGHT, NationStar, and LITE-ON. COVID-19 not only impacted the operations of the LED packaging market players, but also affected the businesses of companies from the industries like consumer electronics, automotive, industrial, real estate, and few others. A decline in demand for display panels from the automotive and consumer electronics industries is also expected. According to Electric Lamp and Component Manufacturers Association (ELCOMA) India, in 2020, the prices of LED bulbs and lights was observed a raise of up to 10% from March as the manufacturers face supply shortage of electronic components due to the coronavirus outbreak in China.LED Packaging Market Driver and Restraint:
The demand for IoT-enabled lighting fixtures and smart lighting solutions, increasing demand for LED packages in display panel market. Also, increased demand for UV LED-based disinfection systems among COVID-19, and government initiatives and regulations encouraging the use of LEDs for energy efficiency and environmental benefits are boosting the market growth. COVID-19 indicated both demand-side and supply-side shocks across the global economy. Leading LED package providers, such as OSRAM (Germany) and Seoul Semiconductor (South Korea), have experienced significant losses, due to the COVID-19 pandemic. Both companies have reported a decline of around 9% and 10%, correspondingly, in their 2020 half-year revenue as compared to the previous year. Governments worldwide have cut down their spending on various areas to focus on improving healthcare infrastructure, and therefore, the demand for LED packages from national lighting projects is expected to shrink. On the other hand, the high competition in the market is restricting the margin as there is a continuous decline in prices by players to gain market share.LED Packaging Market Challenges:
Go-slow in production of manufacturing facilities worldwide caused by COVID-19 As said by the UN Conference on Trade and Development (UNCTAD), the COVID-19 outbreak and spread have caused the global FDI to diminish by 5% to 15%, due to the breakdown in the manufacturing sector resulting from lockdowns imposed worldwide during the first and second quarters of 2020. The negative impact of COVID-19 on FDI investments is expected to be high in the consumer electronics and automotive industries, because of the unavailability of raw materials and the pauses in the supply of components.Segment Analysis
Based on Core Type, the multi-core segment holds the largest global LED packaging market share. According to MMR analysis, the segment is expected to grow at a significant CAGR during the forecast period. The growing need for efficient lighting solutions in various industries has increased the demand for multicore LED packaging. Multicore LEDs, known for their excellent thermal management and higher lumen output, are increasingly being chosen for applications that require strong, dependable lighting like automotive lighting, streetlights, and industrial lighting. The move towards multicolor and tunable white lighting, which demands complex packaging solutions to accommodate multiple LED chips on a single substrate, is further driving the growth of the segment within the LED packaging market. Multicore LEDs offer the advantage of achieving higher efficacy compared to traditional single-core LEDs. Additionally, multicore designs contribute to a longer operational life by spreading the thermal load across multiple cores, lowering the risk of overheating and failure. With the increasing global focus on energy efficiency and sustainability, the dominance of the multicore segment in LED packaging is expected to strengthen, driven by its technical advantages and adaptability to emerging lighting trends.
Regional Analysis
In 2023, Asia Pacific dominated the LED packaging market and is expected to maintain its significant position during the forecast period. Thanks to, the increase in adoption of high-end consumer electronics, like wearable and smartphones in China and Japan. These devices more and more demand micro LED and flash LED packages. Also, Asia Pacific has developed as a global hub for large investments and business growth opportunities. The modernization and development of infrastructure such as smart cities across the Asia Pacific is also expected to drive the demand for smart street lighting, thereby driving the market for LED packaging in Asia Pacific. The report focuses on the LED packaging market value at the top five regions and twenty seven countries of the world, which shows a regional development, including market size, share, revenue, and much more across the globe. The report has covered, capacity, production value, cost/profit, and supply/demand by statistical analysis. A brief analysis of drivers, restraints, opportunities, and challenges in the market is also covered with examples by region. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.LED Packaging Market Ecosystem
Key Highlights:
1. Global LED Packaging Market analysis and forecast, in terms of value. 2. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global LED Packaging Market 3. Global LED Packaging Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. 4. Global LED Packaging Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. 5. Global LED Packaging Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. 6. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. 7. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global LED Packaging Market are also profiled.LED Packaging Market Scope: Inquire before buying
Global LED Packaging Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 18.66 Bn. Forecast Period 2024 to 2030 CAGR: 4.7% Market Size in 2030: USD 26.72 Bn. Segments Covered: By Core Type Single Core Multicore By Type Carousel Coil Vertical Others By End-User Consumer Electronics Aerospace & Defence Automotive Manufacturing Healthcare Others LED Packaging Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)LED Packaging Market, Key Players are:
1. Nichia 2. OSRAM 3. Lumileds 4. Seoul Semiconductor 5. Samsung 6. AlphaLED 7. Philips Corporation 8. Stanley Electric Co. Ltd. 9. Toyoda Gosei Co. Ltd. 10. Cree Inc. 11. LG Innotek 12. Citizen Electronics Co. Ltd. 13. Everlight Americas Inc. 14. Merck KGaA 15. Dow Corning 16. Citizen Electronics Co. Ltd 17. TT Electronics PLC 18. Others Frequently Asked Questions: 1. What was the market CAGR of the Global LED Packaging Market during 2024-2030? Ans - The global market is expected to grow at a rate of 4.7% CAGR from 2023 to 2030. 2. What is the market segment of the LED Packaging Market? Ans - The market segments are based on Core Type, Type, and End User. 3. What is the forecast period considered for the Global LED Packaging Market? Ans - The forecast period for the Global market is 2024 to 2030. 4. What is the market size of the Global LED Packaging Market markets in 2030? Ans – The global market is estimated as worth US$ 26.72 Bn. 5. Which region is dominated in the Global LED Packaging Market? Ans - In 2023, Asia Pacific dominated the Global LED Packaging Market.
1. LED Packaging Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global LED Packaging Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Key Players Benchmarking 2.2.1. Company Name 2.2.2. Headquarter 2.2.3. Product Segment 2.2.4. Total Production (2023) 2.2.5. End-user Segment 2.2.6. Y-O-Y% 2.2.7. Revenue (2023) 2.2.8. Profit Magin 2.2.9. Market Share 2.2.10. Company Locations 2.3. Market Structure 2.3.1. Market Leaders 2.3.2. Market Followers 2.3.3. Emerging Players 2.4. Consolidation of the Market 2.4.1. Strategic Initiatives and Developments 2.4.2. Mergers and Acquisitions 2.4.3. Collaborations and Partnerships 2.4.4. Product Launches and Innovations 2.5. LED Packaging Industry Ecosystem 2.5.1. Ecosystem Analysis 2.5.2. Role of the Companies in the Ecosystem 3. LED Packaging Market: Dynamics 3.1. LED Packaging Market Trends 3.2. LED Packaging Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Value Chain Analysis 3.6. Technology Roadmap 3.7. Regulatory Landscape by Region 3.7.1. North America 3.7.2. Europe 3.7.3. Asia Pacific 3.7.4. Middle East and Africa 3.7.5. South America 3.8. Key Opinion Leader Analysis For the LED Packaging Industry 3.9. Analysis of Government Schemes and Initiatives For the LED Packaging Industry 3.10. The Global Import Export Analysis (2018-2024) 3.11. Patent Analysis 4. LED Packaging Market: Global Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 4.1. LED Packaging Market Size and Forecast, by Core Type (2023-2030) 4.1.1. Multi-Core 4.1.2. Single Core 4.2. LED Packaging Market Size and Forecast, by Type(2023-2030) 4.2.1. Carousel 4.2.2. Coil 4.2.3. Vertical 4.2.4. Others 4.3. LED Packaging Market Size and Forecast, by End-User (2023-2030) 4.3.1. Consumer Electronics 4.3.2. Aerospace & Defence 4.3.3. Automotive 4.3.4. Manufacturing 4.3.5. Healthcare 4.3.6. Others 4.4. LED Packaging Market Size and Forecast, by Region (2023-2030) 4.4.1. North America 4.4.2. Europe 4.4.3. Asia Pacific 4.4.4. Middle East and Africa 4.4.5. South America 5. North America LED Packaging Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030) 5.1. North America LED Packaging Market Size and Forecast, by Core Type (2023-2030) 5.1.1. Multi-Core 5.1.2. Single Core 5.2. North America LED Packaging Market Size and Forecast, by Type(2023-2030) 5.2.1. Carousel 5.2.2. Coil 5.2.3. Vertical 5.2.4. Others 5.3. North America LED Packaging Market Size and Forecast, by End-User (2023-2030) 5.3.1. Consumer Electronics 5.3.2. Aerospace & Defence 5.3.3. Automotive 5.3.4. Manufacturing 5.3.5. Healthcare 5.3.6. Others 5.4. North America LED Packaging Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States LED Packaging Market Size and Forecast, by Core Type (2023-2030) 5.4.1.1.1. Multi-Core 5.4.1.1.2. Single Core 5.4.1.2. United States LED Packaging Market Size and Forecast, by Type(2023-2030) 5.4.1.2.1. Carousel 5.4.1.2.2. Coil 5.4.1.2.3. Vertical 5.4.1.2.4. Others 5.4.1.3. United States LED Packaging Market Size and Forecast, by End-User (2023-2030) 5.4.1.3.1. Consumer Electronics 5.4.1.3.2. Aerospace & Defence 5.4.1.3.3. Automotive 5.4.1.3.4. Manufacturing 5.4.1.3.5. Healthcare 5.4.1.3.6. Others 5.4.2. Canada 5.4.2.1. Canada LED Packaging Market Size and Forecast, by Core Type (2023-2030) 5.4.2.1.1. Multi-Core 5.4.2.1.2. Single Core 5.4.2.2. Canada LED Packaging Market Size and Forecast, by Type(2023-2030) 5.4.2.2.1. Carousel 5.4.2.2.2. Coil 5.4.2.2.3. Vertical 5.4.2.2.4. Others 5.4.2.3. Canada LED Packaging Market Size and Forecast, by End-User (2023-2030) 5.4.2.3.1. Consumer Electronics 5.4.2.3.2. Aerospace & Defence 5.4.2.3.3. Automotive 5.4.2.3.4. Manufacturing 5.4.2.3.5. Healthcare 5.4.2.3.6. Others 5.4.3. Mexico 5.4.3.1. Mexico LED Packaging Market Size and Forecast, by Core Type (2023-2030) 5.4.3.1.1. Multi-Core 5.4.3.1.2. Single Core 5.4.3.2. Mexico LED Packaging Market Size and Forecast, by Type(2023-2030) 5.4.3.2.1. Carousel 5.4.3.2.2. Coil 5.4.3.2.3. Vertical 5.4.3.2.4. Others 5.4.3.3. Mexico LED Packaging Market Size and Forecast, by End-User (2023-2030) 5.4.3.3.1. Consumer Electronics 5.4.3.3.2. Aerospace & Defence 5.4.3.3.3. Automotive 5.4.3.3.4. Manufacturing 5.4.3.3.5. Healthcare 5.4.3.3.6. Others 6. Europe LED Packaging Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030) 6.1. Europe LED Packaging Market Size and Forecast, by Core Type (2023-2030) 6.2. Europe LED Packaging Market Size and Forecast, by Type(2023-2030) 6.3. Europe LED Packaging Market Size and Forecast, by End-User (2023-2030) 6.4. Europe LED Packaging Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom LED Packaging Market Size and Forecast, by Core Type (2023-2030) 6.4.1.2. United Kingdom LED Packaging Market Size and Forecast, by Type(2023-2030) 6.4.1.3. United Kingdom LED Packaging Market Size and Forecast, by End-User (2023-2030) 6.4.2. France 6.4.2.1. France LED Packaging Market Size and Forecast, by Core Type (2023-2030) 6.4.2.2. France LED Packaging Market Size and Forecast, by Type(2023-2030) 6.4.2.3. France LED Packaging Market Size and Forecast, by End-User (2023-2030) 6.4.3. Germany 6.4.3.1. Germany LED Packaging Market Size and Forecast, by Core Type (2023-2030) 6.4.3.2. Germany LED Packaging Market Size and Forecast, by Type(2023-2030) 6.4.3.3. Germany LED Packaging Market Size and Forecast, by End-User (2023-2030) 6.4.4. Italy 6.4.4.1. Italy LED Packaging Market Size and Forecast, by Core Type (2023-2030) 6.4.4.2. Italy LED Packaging Market Size and Forecast, by Type(2023-2030) 6.4.4.3. Italy LED Packaging Market Size and Forecast, by End-User (2023-2030) 6.4.5. Spain 6.4.5.1. Spain LED Packaging Market Size and Forecast, by Core Type (2023-2030) 6.4.5.2. Spain LED Packaging Market Size and Forecast, by Type(2023-2030) 6.4.5.3. Spain LED Packaging Market Size and Forecast, by End-User (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden LED Packaging Market Size and Forecast, by Core Type (2023-2030) 6.4.6.2. Sweden LED Packaging Market Size and Forecast, by Type(2023-2030) 6.4.6.3. Sweden LED Packaging Market Size and Forecast, by End-User (2023-2030) 6.4.7. Russia 6.4.7.1. Russia LED Packaging Market Size and Forecast, by Core Type (2023-2030) 6.4.7.2. Russia LED Packaging Market Size and Forecast, by Type(2023-2030) 6.4.7.3. Russia LED Packaging Market Size and Forecast, by End-User (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe LED Packaging Market Size and Forecast, by Core Type (2023-2030) 6.4.8.2. Rest of Europe LED Packaging Market Size and Forecast, by Type(2023-2030) 6.4.8.3. Rest of Europe LED Packaging Market Size and Forecast, by End-User (2023-2030) 7. Asia Pacific LED Packaging Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 7.1. Asia Pacific LED Packaging Market Size and Forecast, by Core Type (2023-2030) 7.2. Asia Pacific LED Packaging Market Size and Forecast, by Type(2023-2030) 7.3. Asia Pacific LED Packaging Market Size and Forecast, by Payment Mode(2023-2030) 7.4. Asia Pacific LED Packaging Market Size and Forecast, by Industry (2023-2030) 7.5. Asia Pacific LED Packaging Market Size and Forecast, by Country (2023-2030) 7.5.1. China 7.5.1.1. China LED Packaging Market Size and Forecast, by Core Type (2023-2030) 7.5.1.2. China LED Packaging Market Size and Forecast, by Type(2023-2030) 7.5.1.3. China LED Packaging Market Size and Forecast, by End-User (2023-2030) 7.5.2. S Korea 7.5.2.1. S Korea LED Packaging Market Size and Forecast, by Core Type (2023-2030) 7.5.2.2. S Korea LED Packaging Market Size and Forecast, by Type(2023-2030) 7.5.2.3. S Korea LED Packaging Market Size and Forecast, by End-User (2023-2030) 7.5.3. Japan 7.5.3.1. Japan LED Packaging Market Size and Forecast, by Core Type (2023-2030) 7.5.3.2. Japan LED Packaging Market Size and Forecast, by Type(2023-2030) 7.5.3.3. Japan LED Packaging Market Size and Forecast, by End-User (2023-2030) 7.5.4. India 7.5.4.1. India LED Packaging Market Size and Forecast, by Core Type (2023-2030) 7.5.4.2. India LED Packaging Market Size and Forecast, by Type(2023-2030) 7.5.4.3. India LED Packaging Market Size and Forecast, by End-User (2023-2030) 7.5.5. Australia 7.5.5.1. Australia LED Packaging Market Size and Forecast, by Core Type (2023-2030) 7.5.5.2. Australia LED Packaging Market Size and Forecast, by Type(2023-2030) 7.5.5.3. Australia LED Packaging Market Size and Forecast, by End-User (2023-2030) 7.5.6. ASEAN 7.5.6.1. ASEAN LED Packaging Market Size and Forecast, by Core Type (2023-2030) 7.5.6.2. ASEAN LED Packaging Market Size and Forecast, by Type(2023-2030) 7.5.6.3. ASEAN LED Packaging Market Size and Forecast, by End-User (2023-2030) 7.5.7. Rest of Asia Pacific 7.5.7.1. Rest of Asia Pacific LED Packaging Market Size and Forecast, by Core Type (2023-2030) 7.5.7.2. Rest of Asia Pacific LED Packaging Market Size and Forecast, by Type(2023-2030) 7.5.7.3. Rest of Asia Pacific LED Packaging Market Size and Forecast, by End-User (2023-2030) 8. Middle East and Africa LED Packaging Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030) 8.1. Middle East and Africa LED Packaging Market Size and Forecast, by Core Type (2023-2030) 8.2. Middle East and Africa LED Packaging Market Size and Forecast, by Type(2023-2030) 8.3. Middle East and Africa LED Packaging Market Size and Forecast, by End-User (2023-2030) 8.4. Middle East and Africa LED Packaging Market Size and Forecast, by Country (2023-2030) 8.4.1. South Africa 8.4.1.1. South Africa LED Packaging Market Size and Forecast, by Core Type (2023-2030) 8.4.1.2. South Africa LED Packaging Market Size and Forecast, by Type(2023-2030) 8.4.1.3. South Africa LED Packaging Market Size and Forecast, by End-User (2023-2030) 8.4.2. GCC 8.4.2.1. GCC LED Packaging Market Size and Forecast, by Core Type (2023-2030) 8.4.2.2. GCC LED Packaging Market Size and Forecast, by Type(2023-2030) 8.4.2.3. GCC LED Packaging Market Size and Forecast, by End-User (2023-2030) 8.4.3. Nigeria 8.4.3.1. Nigeria LED Packaging Market Size and Forecast, by Core Type (2023-2030) 8.4.3.2. Nigeria LED Packaging Market Size and Forecast, by Type(2023-2030) 8.4.3.3. Nigeria LED Packaging Market Size and Forecast, by End-User (2023-2030) 8.4.4. Rest of ME&A 8.4.4.1. Rest of ME&A LED Packaging Market Size and Forecast, by Core Type (2023-2030) 8.4.4.2. Rest of ME&A LED Packaging Market Size and Forecast, by Type(2023-2030) 8.4.4.3. Rest of ME&A LED Packaging Market Size and Forecast, by End-User (2023-2030) 9. South America LED Packaging Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030 9.1. South America LED Packaging Market Size and Forecast, by Core Type (2023-2030) 9.2. South America LED Packaging Market Size and Forecast, by Type(2023-2030) 9.3. South America LED Packaging Market Size and Forecast, by End-User (2023-2030) 9.4. South America LED Packaging Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil LED Packaging Market Size and Forecast, by Core Type (2023-2030) 9.4.1.2. Brazil LED Packaging Market Size and Forecast, by Type(2023-2030) 9.4.1.3. Brazil LED Packaging Market Size and Forecast, by End-User (2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina LED Packaging Market Size and Forecast, by Core Type (2023-2030) 9.4.2.2. Argentina LED Packaging Market Size and Forecast, by Type(2023-2030) 9.4.2.3. Argentina LED Packaging Market Size and Forecast, by End-User (2023-2030) 9.4.3. Rest Of South America 9.4.3.1. Rest Of South America LED Packaging Market Size and Forecast, by Core Type (2023-2030) 9.4.3.2. Rest Of South America LED Packaging Market Size and Forecast, by Type(2023-2030) 9.4.3.3. Rest Of South America LED Packaging Market Size and Forecast, by End-User (2023-2030) 10. Company Profile: Key Players 10.1. Nichia 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. OSRAM 10.3. Lumileds 10.4. Seoul Semiconductor 10.5. Samsung 10.6. AlphaLED 10.7. Philips Corporation 10.8. Stanley Electric Co. Ltd. 10.9. Toyoda Gosei Co. Ltd. 10.10. Cree Inc. 10.11. LG Innotek 10.12. Citizen Electronics Co. Ltd. 10.13. Everlight Americas Inc. 10.14. Merck KGaA 10.15. Dow Corning 10.16. Citizen Electronics Co. Ltd 10.17. TT Electronics PLC 10.18. Others 11. Key Findings & Analyst Recommendations 12. LED Packaging Market: Research Methodology
