The global chip scale package LED market size is set to reach US$ 5.8 billion by 2032. It stood at US$ 1.5 billion in 2022. A CAGR of 14.9% is expected to be witnessed by the global market from 2022 to 2032.
An integrated circuit package that can be surface mounted is known as a chip scale package. It has an area no more than 1.2 times that of the original die.
The IPC/JEDEC J-STD-012 is the foundation for this description of a chip-scale packaging. Due to its numerous advantages, chip-scale packaging has grown to be one of the largest developments in the electronics sector since their introduction.
Traditional LEDs are mostly produced via a chip manufacturing process. The component, such as a package LED embedded in ceramic substrate, is connected to the die.
A packed LED refers to the entire procedure. Production method and manufacturing costs are the most important factors in chip-scale LED.
The CSP LED has a quick production time and bypasses the manufacturing step. In the chip-scale package LED market, chip-scale LEDs are regarded as the most popular trend.
Any chip must meet a set of requirements in order to be packaged. In this instance, packaged LED chips scale is suitable for the die, and their production process is simple.
These chip scales penetrate the market more slowly than conventional packed LEDs. The possibility for this chip scale would be large in the next ten years, though.
It has excellent characteristics and cost savings that will create enormous desire for the chip size package LED industry. In applications using backlights, there is a considerable need for chip scale. For numerous electronics, it is an energy-efficient chip scale.
The global market might be constrained by low-cost possibilities of skipping key packaging processes. The product's container or bill material is inexpensive.
Broad market benefits from low manufacturing costs associated with these chip sizes might hamper sales. The final product is economical for industries since it has a low potential cost.
These elements significantly increase demand from this sector. Several packaging procedures are skipped, which even cuts production time. These characteristics will encourage substantial investment in the chip-scale packaging industry in the assessment period.
| Attributes | Key Insights |
|---|---|
| Chip Scale Package LED Market Estimated Size (2022E) | US$ 1.5 billion |
| Projected Market Valuation (2032F) | US$ 5.8 billion |
| Value-based CAGR (2022 to 2032) | 14.9% |
| USA Value-based CAGR (2022 to 2032) | 13.6% |
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As per Future Market Insights (FMI), the global chip scale package LED market is set to exhibit a CAGR of 14.9% from 2022 to 2032. It witnessed a CAGR of around 18.1% in the historical period.
Advantages of chip scale package (CSP) LEDs led over conventional ones are their main attributes. More end users are drawn to this sector as a result.
The supply chain will expand in the next ten years owing to the product's remarkable qualities. End users are influenced to purchase these chip scales by numerous characteristics.
These include the form factor, wide-angle beam, and high package density. A large audience from various industries will be drawn in thanks to improvements made to these features.
Chip scale package LEDs have a significant benefit owing to their low heat resistance. Another element that might lead to increased rate of adoption of this technology is uniform spreading.
Principal Consultant
North America is anticipated to lead the global chip scale package LED market throughout the projection period. Growing need for chip scale LEDs in the backlighting unit would lead to expansion in North America. It is also attributed to rising demand from the flash lighting sector.
As per Future Market Insights (FMI), CAGR of North America is likely to be about 23.2% in the forecast period. Cree Inc. is one of the leading producers of chip scale package LEDs in the region.
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Launch of Unique Speakers with Lead Frame Chip Scale Package in the USA to Aid Sales
The USA chip scale package LED market is expected to be worth US$ 780.4 million by 2032. It is set to create an absolute dollar opportunity of US$ 562.3 million from 2022 to 2032.
The USA market witnessed growth at a CAGR of 14.7% from 2017 to 2021. It is anticipated to expand at a CAGR of 13.6% from 2022 to 2032.
In November 2022, Xperion 6000 LED was introduced by Lumileds. It is a USA-based company. The variable beam of Xperion 6000 Flood Speaker produces 1000 lumens in flood mode and 250 lumens in spotlight mode.
The light doubles as a USB power bank. It has built-in Bluetooth speakers that enable music to be played straight via the work light.
United Kingdom-based Wafer Level Chip Scale Package Manufacturers to Engage in Partnerships
The United Kingdom chip scale package LED market is set to be worth US$ 163.4 million by 2032. It would create an absolute dollar growth of US$ 115.3 million in the next ten years.
The United Kingdom witnessed growth at a CAGR of 13.2% from 2017 to 2021. It is expected to flourish at a CAGR of 13.0% from 2022 to 2032.
In October 2020, Lextar Electronics based in the United Kingdom, partnered with X Display. This partnership will help to accelerate high-performance micro LED mass production.
Launch of High Output Wafer Level Chip Size Package in Japan to Boost Demand
Japan chip scale package LED market is projected to be worth US$ 1.0 billion by 2032. It would create an incremental opportunity of US$ 773.8 million in the assessment period.
Japan exhibited growth at a CAGR of 19.2% from 2017 to 2021. It is estimated to elevate at a CAGR of 15.1% from 2022 to 2032.
In January 2023, Nichia Corporation, a Japan-based company, introduced its high output 280 nm NSCU 434C. It has a wall-plug efficiency of 5.4% and can produce a radiant flux of 110mW at 350mA. It is a surge of more than 80% over its predecessor.
Its flux density and efficiency has a dimension of just 3.5mm x 3.5mm. These are currently unparalleled in the industry. They can also eliminate any wavelength inefficiencies of germicidal efficacy.
Need for High-power Automotive Lighting to Spur Demand for Chip Scale Package Implementation
Based on power range, the high power segment is set to dominate the global market. It is projected to witness a CAGR of 14.6% from 2022 to 2032. It showcased steady growth at 17.5% CAGR during the historical period.
The high power segment is anticipated to expand rapidly throughout the projection period. Global demand for backlight LEDs and automotive lighting would broaden the segment. It calls for high-power CSP LEDs for increased effectiveness and high beam functions.
Growth is high since the automotive lighting industry currently has a low market penetration rate. Yet, numerous businesses have seen high potential in the automotive lighting industry.
They are introducing unique products and making attempts to get into the aftermarket. They are also taking initiatives to expand their supply chain for vehicle lighting. It has led to a significant increase in terms of demand.
Expansion of Aerospace Industry to Propel Need for Backlighting Chip Scale Package Process Flow Units
By application, the backlighting unit segment is projected to lead the global market. As per the report, the segment is set to expand by 14.8% CAGR from 2022 to 2032.
It witnessed considerable growth at a CAGR of 17.8% from 2017 to 2021. Ongoing expansion of the aerospace and defense industry can be connected to increasing need for customized equipment.
The global chip scale package LED market contains numerous small- and medium-sized companies. Leading players are striving to invest in research and development activities to create novel products. A few other companies are focusing on launching highly efficient technologies to cater to the rising demand.
A few of the recent developments in the chip scale package LED market are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 1.5 billion |
| Projected Market Valuation (2032) | US$ 5.8 billion |
| Value-based CAGR (2022 to 2032) | 14.9% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (US$ billion) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Covered | USA, United Kingdom, Germany, France, Spain, Italy, Japan, China, Singapore, Malaysia, Sri Lanka, Kingdom of Saudi Arabia, United Arab Emirates, South Korea, Finland, Hungary, Rest of the World |
| Key Segments Covered | Application, Power Range, Region |
| Key Companies Profiled | Lumileds; Samsung Electronics; Seoul Semiconductors; Osram Opto Semiconductors; LG Innotek; Nichia; Epistar; Cree; Genesis Photonics; Lumens Co., Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global chip scale package LED market is valued at US$ 1.5 billion in 2022.
The chip scale package LED market’s CAGR from 2022 to 2032 will be 14.9%.
United States is expected to reach a value pool of US$ 780.4 million until 2032.
Japan’s chip scale package LED market will surge at a CAGR of 15.1% through 2032.
The high power segment will remain preferred in the market through 2032.
1. Executive Summary | Chip Scale Package LED Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ billion) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ billion) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Application, 2017 to 2021
5.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032
5.3.1. Backlighting Unit
5.3.2. General Lighting
5.3.3. Automotive
5.3.4. Flash Lighting
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Power Range
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Power Range, 2017 to 2021
6.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Power Range, 2022 to 2032
6.3.1. Low & Mid-Power
6.3.2. High-Power
6.4. Y-o-Y Growth Trend Analysis By Power Range, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Power Range, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Application
8.2.3. By Power Range
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Application
8.3.3. By Power Range
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Application
9.2.3. By Power Range
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.3.3. By Power Range
9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Application
10.2.3. By Power Range
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.3.3. By Power Range
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Application
11.2.3. By Power Range
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.3.3. By Power Range
11.4. Key Takeaways
12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. Gulf Cooperation Council Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa
12.2.2. By Application
12.2.3. By Power Range
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Application
12.3.3. By Power Range
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Application
13.1.2.2. By Power Range
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Application
13.2.2.2. By Power Range
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Application
13.3.2.2. By Power Range
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Application
13.4.2.2. By Power Range
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Application
13.5.2.2. By Power Range
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Application
13.6.2.2. By Power Range
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Application
13.7.2.2. By Power Range
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Application
13.8.2.2. By Power Range
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Application
13.9.2.2. By Power Range
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Application
13.10.2.2. By Power Range
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Application
13.11.2.2. By Power Range
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Application
13.12.2.2. By Power Range
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Application
13.13.2.2. By Power Range
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Application
13.14.2.2. By Power Range
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Application
13.15.2.2. By Power Range
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Application
13.16.2.2. By Power Range
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Application
13.17.2.2. By Power Range
13.18. Gulf Cooperation Council Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Application
13.18.2.2. By Power Range
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Application
13.19.2.2. By Power Range
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2021
13.20.2.1. By Application
13.20.2.2. By Power Range
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Application
14.3.3. By Power Range
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Lumileds
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Samsung Electronics
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Seoul Semiconductor
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Osram Opto Semiconductors
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. LG Innotek
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Nichia
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Epistar
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Cree
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Genesis Photonics
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Lumens Co., Ltd.
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodolog
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Chip Scale Package LED Market
