Report Code: A10418 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Chip Scale Package (csp) Led Market
Request Now !The global chip scale package (CSP) LED market size is experiencing significant growth and is expected to grow considerably in the next few years. Traditional packaged LEDs usually undergo from the chip/die manufacturing to packaging procedures where the dies are attached to an interposer or a ceramic substrate, which yields a packaged LED or more commonly called as an LED package. Chip scale package (CSP) LED, on the other hand, removes the separate steps of having manufactured chips going through a packaging line. This is attributed to the die-level itself, the chips are singulated and coated with phosphor. Solder pads or bond pads are attached at the wafer level immediately after the epitaxial stage of manufacturing with the help of semiconductor etching and metallization techniques.
COVID-19 scenario analysis:Â
The increased use of chip scale package (CSP) LEDs in display backlighting and flash applications is driving the market toward high growth. The display backlighting application is expected to dominate the chip scale package (CSP) LEDs market, in terms of market size, during the forecast period, as it is influenced by the demand for energy-efficient and compact backlighting sources for TVs, monitors, and smartphone displays. CSP LEDs emerged as a great replacement for traditional and large LED packages for display backlighting units. CSP LED-based BLUs drive product innovation and cost reduction along with a small form factor and wide beam angle. Although the market for backlighting unit (BLU) is expected to become saturated, chip scale package (CSP) LED-based BLUs are expected to witness significant growth during the forecast period. Moreover, adoption in premium products majorly is expected to restrain the market growth. High demand for these products has put high pressure on LED foundries where there is a lack of the product and overburdening the existing ones are expected to restrain the market growth.
The display backlighting application is popular among the chip scale package (CSP) LED market due to the demand for energy-efficient and compact backlighting sources for TVs, monitors, and smartphone displays. Chip scale package (CSP) LEDs emerged as a great replacement of traditional and large LED packages for display backlighting units. Chip scale package (CSP) LED-based BLUs drive product innovation and cost reduction along with small form factor and wide beam angle.
Chip scale package (CSP) LED in the commercial and residential sectors has emerged as an important application. The luminescence offered by chip-scale package (CSP) LEDs is a major consideration for several construction companies. Besides, use of these chip scale package (CSP) LEDs across banks and hospitals has created fresh opportunities within the global market. The next decade would be crucial for the vendors operating in the global market. The absence of any close alternatives for LEDs has become a vigorous factor responsible for the growth of the global market. The revenue index of this market is slated to improve in the years to follow.
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Chip Scale Package (CSP) LED Market Report Highlights
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Key Market Players | Company10, Company7, Company3, Company5, Company6, Company8, Company1, Company9, Company4, Company2 |
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