PUBLISHER: Lucintel | PRODUCT CODE: 1416815
PUBLISHER: Lucintel | PRODUCT CODE: 1416815
The future of the global LED packaging market looks promising with opportunities in the general lighting and automotive lighting markets. The global LED packaging market is expected to reach an estimated $29.2 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are rising demand for lighting applications using high power grade LED packages, increased demand for smart lighting systems and IoT-enabled lighting fixtures, and current laws and programs encouraging the use of LEDs for environmental protection and energy efficiency.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global LED packaging by type, packaging material, application, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies LED packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the LED packaging companies profiled in this report include-
Lucintel forecasts that surface-mount-device is expected to witness the highest growth over the forecast period because the SMD LED packages, which have a superior energy economy than other traditional light sources, are finding more and more use in luminaires.
APAC is expected to witness highest growth over the forecast period due to rising uptake of high-end consumer gadgets in China and Japan, including wearables and smartphones, as well as, rapid infrastructure development in China.
Market Size Estimates: LED packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: LED packaging market size by type, packaging material, application, and region in terms of value ($B).
Regional Analysis: LED packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, packaging material, application, and regions for the LED packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the LED packaging market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q1. What is the LED packaging market size?
Answer: The global LED packaging market is expected to reach an estimated $29.2 billion by 2030.
Q2. What is the growth forecast for LED packaging market?
Answer: The global LED packaging market is expected to grow with a CAGR of 5.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the LED packaging market?
Answer: The major drivers for this market are rising demand for lighting applications using high power grade LED packages, increased demand for smart lighting systems and IoT-enabled lighting fixtures, and current laws and programs encouraging the use of LEDs for environmental protection and energy efficiency.
Q4. What are the major segments for LED packaging market?
Answer: The future of the global LED packaging market looks promising with opportunities in the general lighting and automotive lighting markets.
Q5. Who are the key LED packaging market companies?
Answer: Some of the key LED packaging companies are as follows:
Q6. Which LED packaging market segment will be the largest in future?
Answer: Lucintel forecasts that surface-mount-device is expected to witness the highest growth over the forecast period because the SMD LED packages, which have a superior energy economy than other traditional light sources, are finding more and more use in luminaires.
Q7. In LED packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising uptake of high-end consumer gadgets in China and Japan, including wearables and smartphones, as well as, rapid infrastructure development in China.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.