Chip Scale Package (CSP) LED Market Driven by Surging Demand for LED Lighting in Automotive Sector

Published on : Dec 11, 2018

Albany, New York, December 11, 2018: Given the rise in demand for LED lighting in the automotive sectors for interior lighting and taillight, chip scale package (CSP) LED market has been boosted. With the view to reap benefits, CSP LED stalwarts such as OSRAM Opto semiconductor GmbH, Nichia Corporation and Lumileds Holding B.V. are proliferating automotive LED components. These insights are according to the report titled, “Chip Scale Package (CSP) LED Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately added to the repository of Market Research Hub (MRH). January 2018 witnessed the development of fillip-chip LED package by LG Innotek which gives predominant luminous flux with proliferated efficiency, thereby keeping the performance keeping intact. According to the study, chip scale package (CSP) LED market is set to be spurred by automotive lighting application.

High power segment is estimated to soar at a promising CAGR during the assessment period which could be attributed to the increasing demand for automotive lighting and backlight LED which succors beam functions and augments efficiency of CSP LEDs. In a bid to stay in the competition, prominent companies are coming up with new and innovative products for automotive lighting.

Chip Scale Package (CSP) LED Market: Report Content

The report offers a comprehensive analysis on the chip scale package (CSP) LED market. Besides, report focuses on the drivers triggering the growth of chip scale package (CSP) LED market along with restraints challenging the market. In addition, the report delves into opportunities and trends in the market.

The report does a thorough assessment through the segmentation of the market. The report analyzes the market on the basis of application, end-user, power range and geography. On the basis of application, the market includes backlight LED, flash LED, automotive lighting, general lighting and others. With regards to end-user, the market covers residential, commercial and industrial sectors. With respect to power range, the market includes low to medium and high. Regionally, the market covers North America, Europe, Asia Pacific, MEA and South America.

The report begins with executive summary followed by market definition and taxonomy. The report also contains Porters’ Five Force analysis section to provide a comprehensive view of the market. Further, report also incorporates PESTLE analysis and global trends of the market. The report also includes value chain analysis to provide a holistic view of the market. The final section incorporates competitive landscape with the dashboard view assessing the market.

Chip Scale Package (CSP) LED Market: Research Methodology

A robust research methodology has been embraced with regards to providing a research approach incorporating of secondary and primary research. The assessment in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts. One of the unique features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often shunned while projecting the market. The secondary research sources incorporate but are not limited annual reports, company websites, financial reports, investors’ presentation, broker reports and internal and external proprietary databases. The primary research embodies category segment, face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with an unbiased report, a panel of expert analyzes the data collected from various sources.

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