The Business Research Company’s report on the Chip Scale Package (CSP) LED Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the chip scale package (csp) led market’s growth in recent years?
The demand for energy efficiency projects is expected to propel the growth of the chip scale package (CSP) LED market going forward. Energy efficiency projects are initiatives designed to reduce energy consumption while maintaining or improving the same level of output, performance, or comfort. These projects focus on optimizing energy use in buildings, industries, transportation, and infrastructure to lower costs, decrease environmental impact, and enhance sustainability. The demand for energy efficiency projects is due to growing environmental concerns, rising energy costs, and the need for sustainable building practices. Chip scale package (CSP) LEDs enhance energy efficiency projects by providing high luminous efficacy with minimal power consumption. Their compact design improves thermal management, reducing energy loss and extending lifespan, which lowers maintenance costs. For instance, in September 2022, according to a report published by Energy UK, a UK-based trade association, the number of energy efficiency projects is expected to grow from 150,000 installs annually in 2021 to 1 million per year by 2030 to support the government’s decarbonization goals. Therefore, the demand for energy efficiency projects is propelling the growth of the chip scale package (CSP) LED market.
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How does the future projection of the chip scale package (csp) led market size compare to its historical growth?
The chip scale package (CSP) LED market size has grown rapidly in recent years. It will grow from $1.85 billion in 2024 to $2.21 billion in 2025 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to growing adoption of miniaturized LED components, increasing demand for high-power density lighting solutions, rising use of CSP LEDs in automotive lighting, government incentives for energy-efficient lighting, increasing penetration of CSP LEDs in consumer electronics.
The chip scale package (CSP) LED market size is expected to see rapid growth in the next few years. It will grow to $4.39 billion in 2029 at a compound annual growth rate (CAGR) of 18.8%. The growth in the forecast period can be attributed to rising demand for smart lighting solutions, increasing integration of CSP LEDs in microLED displays, growing use in UV and IR applications, expanding deployment in horticulture lighting, increasing demand for ultra-thin lighting solutions. Major trends in the forecast period include increasing adoption of CSP LEDs in wearable devices, rising preference for tunable and dynamic lighting, expanding role in automotive adaptive lighting, integration with Internet of Things (IoT) ecosystems, increasing R&D investments in quantum dot-based CSP LEDs.
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Which key players are shaping the future of the chip scale package (csp) led market?
Major companies operating in the chip scale package (CSP) LED market are Samsung Electronics Co. Ltd., Toshiba Corporation, Sharp Corporation, LG Innotek Co. Ltd., Lite-On Technology Corporation, Rohm Semiconductor, Shenzhen MTC Co. Ltd., Lumileds Holding B.V., Harvatek Corporation, Everlight Electronics, Smart Global Holdings company, Lextar Electronics Corporation, Epistar Corporation, Dpower Opto-Electronic Co. Ltd., Luminus Devices Inc., Bridgelux Inc., Plessey Semiconductors Ltd., Genesis Photonics Inc., Nichia Corporation, Lumens Co. Ltd., Seoul Semiconductor, Semileds Corporation
What trends will propel the growth and evolution of the chip scale package (csp) led market?
Major companies operating in the chip scale package (CSP) LED market are focusing on developing innovative products, such as soft light Chip-scale LEDs, to enable thinner, lighter, and low-glare lighting fixtures. Soft light Chip-scale LEDs are compact light sources with integrated components that emit diffused illumination, reducing sharp shadows and creating a gentle lighting effect. For instance, in January 2024, Nichia Corporation, a Japan-based fine chemicals and luminescent materials company, launched the NFSWL11A-D6 chip-scale LED. This LED achieves a horizontal light distribution, creating a more uniform and softer illumination. This feature reduces glare, providing a low-glare light that envelops the entire environment, making it ideal for spaces that require comfortable, ambient lighting. The design also contributes to thinner and lighter lighting fixtures, enabling a reduction in the materials needed for their construction. This efficiency in design can lead to significant resource savings in both the lighting fixtures and the buildings in which they are installed.
Which regions are expected to become dominant players in the chip scale package (csp) led market?
Asia-Pacific was the largest region in the chip scale package (CSP) LED market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chip scale package (CSP) LED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the chip scale package (csp) led market, and how are they evolving?
The chip scale package (CSP) LED market covered in this report is segmented –
1) By Type: Low And Mid-Power, High-Power
2) By Application: Automotive Lighting, Backlighting Values (BLU), Flash Lighting, General Lighting, Other Applications
3) By End-User: Residential, Commercial, Industrial
Subsegments:
1) By Low and Mid-Power: General Lighting, Automotive Lighting, Display Backlighting, Indicator And Signage
2) By High-Power: General Lighting, Automotive Lighting, Industrial Lighting, Outdoor Lighting
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How is the chip scale package (csp) led market defined, and what are its core characteristics?
A chip scale package (CSP) LED is a type of light-emitting diode (LED) with a package size nearly equal to that of the LED chip. It is designed for high efficiency, compactness, and thermal performance. Chip scale package (CSP) LEDs are widely used in high-power lighting, display backlighting, and mini/micro LED technologies due to their efficiency and versatility.
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