North America LED Packaging Market by Types (Chip-on-boards (COBs), Surface-mount Devices (SMDs), and Chip Scale Packages (CSPs)), End-user Verticals (Residential, Commercial, and Others), and Geographies (US and Canada) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028.
The North America LED packaging market is expected to register a CAGR of 7.28% during the forecast period, 2021 - 2028. The growth of the market is attributed to the growing demand for energy-efficient lighting systems, declining prices of LED products, and stringent government regulations in the region.
LEDs have gained a lot of attention owing to their optimum luminosity and color rendering for the solid-state lighting application, such as street illumination, display backlighting, and automotive lighting. LED packaging provide high luminous efficiency, controllable light patterns, and high color uniformity.
Market Drivers, Restraints, Trends, and Opportunities
- Rising preference for LEDs owing to the introduction of intelligent lighting systems is expected to propel the growth of the market
- The COVID-19 outbreak disrupted the supply chain across the globe. A major share of the raw materials for the production of LEDs are sources from Asia Pacific-based countries such as India and China. Thus, international trade barriers owing to the restrictions to mitigate the spread of the virus hampered the market growth.
- Declining number of COVID-19 cases in North America is anticipated to stimulate the growth of the market.
- Rising trend of OLED lighting can create challenges for the market in the coming years.
- Easy availability and cost-effectiveness of LED packaging can positively influence the market growth.
Scope of the Report
The report on the North America LED Packaging Market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | LED Packaging Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Types (Chip-on-boards (COBs), Surface-mount Devices (SMDs), Chip Scale Packages (CSPs)) and End-User Verticals (Residential, Commercial, Other End-User Verticals) |
| Geographic Scope | US and Canada |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Lumileds Holding B.V., Dow Silicones Corporation, Citizen Electronics Co.,Ltd., Cree, Inc., Epistar Corporation |
North America LED Packaging Market Segment Insights
Chip scale package (CSP) segment to account a large market share
Based on types, the market is divided as chip-on-board(COBs), surface-mount devices (SMDs) and chip scale packages (CSPs). The chip scale packages (CSPs) segment is expected to account for a large market share during the forecast period. The segment growth is attributed to rising demand for CSP LED architecture, which is the latest incarnation of flip-chip LEDs.
Vendors in the market are introducing new products to maintain their competitive advantage. For example, Samsung introduced LM101B CSP LEDs that uses a film phosphor in the conversion layer to reduce surface roughness and enable uniform control of thickness with small color dispersion. Moreover, some of the vendors offer CSP LEDs for specific application. For instance, OSRAM design CSP LEDs for high class retail lighting in brand fashion boutiques and ornament stores.
Commercial segment to exhibit a high CAGR
Based on end-user verticals, the market is segregated into residential, commercial, and others. The commercial segment is projected to exhibit a high CAGR during the forecast period. Rising demand for LED’s across the region in the offices, workplaces, malls, and multiplexes is driving the growth of the market segment. High-quality LED lights creates a healthy work environment and increases employee productivity in the work spaces. For any commercial space, factors such as power requirement, dimming status, IP ratings, efficiency, and power rating are quite crucial. Offices account for around 20% of the US total energy consumption. Out of this, 30% of the energy consumption is attributed to lighting.
The high-end commercial lighting market includes museums, galleries, and other exhibition lighting applications that primarily use downlights, projectors, and reflectors. ?Variou manufacturers are also actively developing LED lighting business.
The US is expected to account a considerable market share
Based on geographies, the market is segmented into US and Canada. The US is expected to account for a considerable market share during the forecast period. The country’s market growth is attributed to the increasing use of LEDs in various sectors of the country, such as commercial buildings, offices, ornament stores, museums and art galleries.
Segments
Segments Covered in the ReportThe North America LED packaging market has been segmented on the basis of
Types
- Chip-on-boards (COBs)
- Surface-mount Devices (SMD)
- Chip Scale Packages (CSPs)
- Residential
- Commercial
- Others
- US
- Canada
- Lumileds Holding B.V.
- Dow Silicones Corporation
- Citizen Electronics Co.,Ltd.
- Cree, Inc.
- Epistar Corporation
Competitive Landscape
Some of the major players in the market are Lumileds Holding B.V., Dow Silicones Corporation, Citizen Electronics Co.,Ltd., Cree, Inc., Epistar Corporation.
The North America LED packaging market is highly competitive and has several players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups to strengthen their product capabilities.
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Packaging Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED Packaging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Packaging Market - Supply Chain
4.5. Global LED Packaging Market Forecast
4.5.1. LED Packaging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Packaging Market Size (000’ Units) and Y-o-Y Growth
4.5.3. LED Packaging Market Absolute $ Opportunity
5. Global LED Packaging Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. LED Packaging Market Size and Volume Forecast by Types
5.3.1. Chip-on-boards (COBs) Surface-mount Devices (SMD) Chip Scale Packages (CSPs)
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global LED Packaging Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. LED Packaging Market Size and Volume Forecast by End Users
6.3.1. Residential Commercial Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global LED Packaging Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. LED Packaging Market Size and Volume Forecast by Region
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 (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global LED Packaging Demand Share Forecast, 2019-2026
8. North America LED Packaging Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America LED Packaging Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America LED Packaging Market Size and Volume Forecast by Types
8.4.1. Chip-on-boards (COBs) Surface-mount Devices (SMD) Chip Scale Packages (CSPs)
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America LED Packaging Market Size and Volume Forecast by End Users
8.7.1. Residential Commercial Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America LED Packaging Demand Share Forecast, 2019-2026
9. Latin America LED Packaging Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America LED Packaging Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America LED Packaging Market Size and Volume Forecast by Types
9.4.1. Chip-on-boards (COBs) Surface-mount Devices (SMD) Chip Scale Packages (CSPs)
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America LED Packaging Market Size and Volume Forecast by End Users
9.7.1. Residential Commercial Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America LED Packaging Demand Share Forecast, 2019-2026
10. Europe LED Packaging Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe LED Packaging Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe LED Packaging Market Size and Volume Forecast by Types
10.4.1. Chip-on-boards (COBs) Surface-mount Devices (SMD) Chip Scale Packages (CSPs)
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe LED Packaging Market Size and Volume Forecast by End Users
10.7.1. Residential Commercial Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe LED Packaging Demand Share Forecast, 2019-2026
11. Asia Pacific LED Packaging Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific LED Packaging Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific LED Packaging Market Size and Volume Forecast by Types
11.4.1. Chip-on-boards (COBs) Surface-mount Devices (SMD) Chip Scale Packages (CSPs)
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific LED Packaging Market Size and Volume Forecast by End Users
11.7.1. Residential Commercial Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific LED Packaging Demand Share Forecast, 2019-2026
12. Middle East & Africa LED Packaging Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa LED Packaging Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa LED Packaging Market Size and Volume Forecast by Types
12.4.1. Chip-on-boards (COBs) Surface-mount Devices (SMD) Chip Scale Packages (CSPs)
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa LED Packaging Market Size and Volume Forecast by End Users
12.7.1. Residential Commercial Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa LED Packaging Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global LED Packaging Market: Market Share Analysis
13.2. LED Packaging Distributors and Customers
13.3. LED Packaging Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Lumileds Holding B.V. Dow Silicones Corporation Citizen Electronics Co.,Ltd. Cree, Inc. Epistar Corporation
The North America LED packaging market has been segmented on the basis of
Types
- Chip-on-boards (COBs)
- Surface-mount Devices (SMD)
- Chip Scale Packages (CSPs)
- Residential
- Commercial
- Others
- US
- Canada
- Lumileds Holding B.V.
- Dow Silicones Corporation
- Citizen Electronics Co.,Ltd.
- Cree, Inc.
- Epistar Corporation
Some of the major players in the market are Lumileds Holding B.V., Dow Silicones Corporation, Citizen Electronics Co.,Ltd., Cree, Inc., Epistar Corporation.
The North America LED packaging market is highly competitive and has several players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups to strengthen their product capabilities.
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