1. Market Research
  2. > Electronics
  3. > Industrial Electronics
  4. > Lighting Market Trends
LED Packaging Market With COVID-19 Impact by Package Type, Application, Wavelength, Power Range And Region - Global Forecast to 2026

LED Packaging Market With COVID-19 Impact by Package Type, Application, Wavelength, Power Range And Region - Global Forecast to 2026

  • January 2021
  • 203 pages
  • ID: 5281356
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The global LED packaging market size is estimated to be USD 17.6 billion in 2021 and is projected to reach 22.1 billion by 2026, at a CAGR of 4.6% during the forecast period. The market has a promising growth potential due to several factors, including the risen demand for IoT-enabled lighting fixtures and smart lighting solutions, surged demand for LED packages in display panel market, increased demand for UV LED-based disinfection systems amid COVID-19, and recent government initiatives and regulations promoting use of LEDs for energy efficiency and environmental benefits.
COVID-19 sent 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 incurred significant losses owing to the pandemic.

Both companies have reported a decline of approximately 9% and 10%, respectively, 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.

Also, as commercial spaces in most parts of the world would run at a significantly low capacity in 2021, companies might delay a potential upgrade of their lighting solutions. This has resulted in a decline in the demand for LED packages, further weakening the financial position of most of the key manufacturers.

Deep UV: The fastest growing wavelength segment of the LED packaging market.

Deep UV LEDs are the fastest growing segment of the LED packaging market, by wavelength.Based on their wavelength range, UV LEDs are classified as UV-C (100–280 nm), UV-B (280–315 nm), and UV-A (315–400 nm).

UV-A LED packages are expected to be the dominant tool in printing, coatings, and adhesive applications, as longer wavelength ranges easily penetrate very deeply into the material.Also, diode performance in this wavelength range is highly complemented with an excellent lifetime of as high as 20,000 hours.

On the other hand, UV-B LEDs are used for biomedical research purposes.UV-C based LEDs are a popular choice for sterilization and disinfection and are currently experiencing a surge in demand owing to their high application during the global COVID-19 pandemic.

UV-C light has germicidal properties and kills bacteria and viruses by destroying their nucleic acids and disrupting DNAs. Today, these LEDs are commonly used in air and water purification systems.

General Lighting: The largest growing segment of LED packaging market, by application.

The general lighting applications of LEDs mostly include residential, outdoor, and commercial lighting areas.The increase in infrastructure building activities is the major factor contributing to the high growth of the market for the residential lighting application.

LEDs have higher efficiency, longer lifespan, low power consumption, better color rendering, and lower maintenance requirements compared with traditional light sources, making them ideal for outdoor lighting environments such as street lighting, and lighting for public places.According to the International Energy Agency (IEA) (France), commercial buildings should be in line with the clean energy transition, minimizing the carbon footprint.

LEDs could be used in these commercial spaces to reduce the carbon footprint significantly as compared to incandescent bulbs and CFLs, thus contributing to the growth of the LED packaging market for commercial lighting applications.

APAC is projected to be the largest and fastest growing regional market between 2021 and 2026
APAC is a leading region in terms of production and consumption of LEDs and display panels.The region has witnessed significant advancements in the display devices space, along with rapid changes in terms of the adoption of new technologies.

The surge in demand for applications such as general lighting, automotive, and backlighting is driven by high economic growth in the region.This, in turn, favors the growth of the LED packaging market in this region.

These factors are encouraging many established market players to expand their reach in the region.

Breakdown of profiles of primary participants:
• By Company: Tier 1 = 30%, Tier 2 = 50%, and Tier 3 = 20%
• By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
• By Region: North America – 40%, Europe– 30%, APAC – 25%, and RoW – 5%

Major players profiled in this report:
The LED packaging market is dominated by key global established players such as Nichia (Japan), OSRAM (Germany), Lumileds (Netherlands), Seoul Semiconductor (South Korea), Samsung (South Korea), MLS (China), EVERLIGHT (Taiwan), Cree (US), NationStar (China), and LITE-ON (Taiwan).

Research coverage
This research report segments the global LED packaging market based on Package Type (SMD, COB, CSP, and Others), Application (General Lighting, Automotive Lighting, Backlighting, Flash Lighting, Industrial, and Others), Wavelength (Visible & Infrared and Deep UV), Power Range (Low- & Mid-power LED packages and High-power LED packages), Packaging Material (Plastic, Nanoceramics, Ceramics, Silicone Materials, Epoxy Molding Compound, Metal Alloys, Polymers, Glass Composites, and Others), and Region (North America, Europe, APAC, and RoW).
The report also provides a comprehensive review of market drivers, restraints, challenges, and opportunities pertaining to the LED packaging market and also includes value chain. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall LED packaging market and the sub-segments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2021

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on