LED Packaging Market by Package Type (SMD, COB, CSP), Packaging Material (Lead Frames, Substrates, Bonding Wire, Encapsulation Resins), Application (General Lighting, Automotive Lighting, Backlighting), and Geography – Global Forecast to 2023…, Market Research Report: MarketsandMarkets

The LED packaging market is expected to reach USD 26.39 Billion by 2023 from USD 18.41 Billion in 2017, at a CAGR of 6.2%. The key drivers for the growth of the LED packaging market include increasing demand for high power grade LED packages for lighting applications; rising demand for LED packages in the market for display panels; growing government initiatives and regulations to adopt energy-efficient LEDs; increasing demand for smart lighting solutions. The major players in the LED packaging market include Nichia (Japan), Samsung (South Korea), Osram (Germany), LG Innotek (South Korea), Cree (US), Lumileds (Netherlands), Seoul Semiconductor (South Korea), Stanley Electric (Japan), Everlight Electronics (Taiwan), Epistar (Taiwan), Toyoda Gosei (Japan), TT Electronics (UK), Kulicke and Soffa (Singapore), Dow Corning (US), and Citizen Electronics (Japan). …

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