Dublin, Feb. 14, 2019 (GLOBE NEWSWIRE) -- The "Chip Scale Package (CSP) LED Market by Application (Backlighting Unit (BLU), Flash Lighting, General Lighting, Automotive, etc.), Power Range (Low-, Mid-Power, and High-Power), and Geography (APAC, N. America, Europe, RoW) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The CSP LED market is estimated to be USD 757.7 million in 2018 and is likely to reach USD 1,744.8 million by 2023, at a CAGR of 18.2% over the period 2018-2023.
The potential of CSP LEDs to reduce costs, because of a simpler manufacturing process, where several packaging steps are omitted, is a major factor driving the growth of the CSP LED market. High competition in the packaged LED market has led to the development and launch of new and innovative products with improved designs and high-end specifications. An over-reliance on LED foundries and restricted use of CSP LEDs in premium products so far are the restraining factors in the market. The increased use of CSP LEDs in display backlighting and flash applications is driving the market towards high growth. The display backlighting application is expected to dominate the CSP LED market, in terms of market size, during the forecast period, as it is influenced by the demand for energy efficient and compact backlighting sources for TVs, monitors, and smartphone displays. CSP LEDs emerged as a great replacement for traditional and large LED packages for display backlighting units.
CSP LED-based BLUs drive product innovation and cost reduction along with a small form factor and wide beam angle. Although the market for BLU is expected to become saturated, CSP LED-based BLUs are expected to witness significant growth during the forecast period. APAC includes the world's largest smartphone manufacturers and with better features offered by CSP LED, adoption is expected to increase in a majority of premium smartphones for the flash lighting application. APAC accounts for the production of a majority of LCD displays, especially in South Korea, Taiwan, China, and Japan. With the presence of leading CSP LED manufacturers and customers (i.e. smartphone vendors, backlighting panel integrators, and display panel manufacturers), this region registered the largest shipment of CSP LEDs.
The dominance of APAC is mainly due to South Korea, followed by China, Japan, and Taiwan with high demand for CSP LEDs for display backlighting, mobile flash, and other applications. The growth in APAC will also be driven by the rise of newer CSP LED applications in general lighting and automotive. The surge in demand for these applications will be because of high economic growth in the region and the focus of governments on energy efficient lighting solutions.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities In CSP Led Market 4.2 Global Led Package Market Outlook 4.3 CSP Led Market, By Application 4.4 CSP Led Market, By Power Range 4.5 CSP Led Market, By Geography 4.6 CSP Led Market, By Geography & Application 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Low Cost Potential Due To Omission Of Several Packaging Steps 5.2.1.2 Small Form Factor, Wide Beam Angle, And High Package Density 5.2.1.3 Low Thermal Resistance And Uniform Current Spreading 5.2.2 Restraints 5.2.2.1 Overburden On Led Foundries 5.2.2.2 Restricted To Premium Products 5.2.3 Opportunities 5.2.3.1 High Adoption Rate Expected In Automotive Applications 5.2.3.2 Increasing Adoption In General Lighting Applications 5.2.3.3 Development Of CSP LEDs With Gan-On-Si 5.2.4 Challenges 5.2.4.1 Heat Dissipation And Thermal Challenges For Module Designers 5.2.4.2 Exposure To Environment And Fragile 5.3 Industry Trends 5.3.1 Value Chain Analysis 5.3.2 Key Trends 5.3.2.1 Automotive And General Lighting Applications 5.3.2.2 Low Cost Of Manufacturing 5.3.2.3 Reduced Form Factor 6 CSP LED Market, By Application 6.1 Introduction 6.2 Backlighting Unit (BLU) 6.3 General Lighting 6.4 Automotive Lighting 6.5 Flash Lighting 6.6 Others 7 CSP Led Market, By Power Range 7.1 Introduction 7.2 Low- & Mid-Power 7.3 High-Power 8 CSP Led Market, By Geography 8.1 Introduction 8.2 Asia Pacific 8.2.1 South Korea 8.2.2 China 8.2.3 Japan 8.2.4 Rest Of APAC 8.3 North America 8.3.1 US 8.3.2 Canada & Mexico 8.4 Europe 8.4.1 Germany 8.4.2 UK 8.4.3 France 8.4.4 Rest Of Europe 8.5 Rest Of The World 9 Competitive Landscape 9.1 Overview 9.2 Market Ranking Analysis: CSP Led Market 9.3 Competitive Situations And Trends: CSP LED Market 9.3.1 Product Launches And Developments (2015-2018) 9.3.2 Partnerships, Collaborations, And Agreements (2015-2018) 9.3.3 Acquisitions (2015-2018) 10 Company Profiles 10.1 Introduction 10.2 Key Players 10.2.1 Lumileds 10.2.2 Samsung Electronics 10.2.3 Seoul Semiconductor 10.2.4 Osram Opto Semiconductors 10.2.5 LG Innotek 10.2.6 Nichia 10.2.7 Epistar 10.2.8 Cree 10.2.9 Genesis Photonics 10.2.10 Lumens Co., Ltd. 10.3 Other Important Players 10.3.1 Semileds Corporation 10.3.2 Lextar Electronics 10.3.3 Shenzhen Mtc 10.3.4 Unistars 10.3.5 Shenzhen Dpower Opto-Electronic 10.3.6 Plessey Semiconductors 10.3.7 Cambridge Nanotherm 10.3.8 Hongli Zhihui Group (Honglitronic) 10.3.9 Bridgelux 10.3.10 Optoled 10.3.11 Everlight Electronics 10.4 Input Suppliers 10.4.1 Flory Optoelectronic Materials Company 10.4.2 Dow Chemical Company 10.4.3 TDK Corp. 10.4.4 Bree Optronics
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