North America LED Packaging Market

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.

  • Report ID: MC-1260
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 160
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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.

North America LED Packaging Market Key Takeaways

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.

North America LED Packaging Market By Types

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.

1. Executive Summary
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
Segments Covered in the Report
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)
End-User Verticals
  • Residential
  • Commercial
  • Others
Geographies
  • US
  • Canada
Key players
  • 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.

North America LED Packaging Market By Key Players

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