1	INTRODUCTION	31
1.1	OBJECTIVES OF THE STUDY	31
1.2	MARKET DEFINITION	31
1.3	STUDY SCOPE	32
1.3.1	MARKETS COVERED	32
FIGURE 1	LED PACKAGING MARKET: SEGMENTATION	32
1.3.2	GEOGRAPHIC SCOPE	32
FIGURE 2	LED PACKAGING MARKET: GEOGRAPHIC SCOPE	32
1.3.3	INCLUSIONS AND EXCLUSIONS	33
1.3.3.1	Inclusions and exclusions: Company level	33
1.3.3.2	Inclusions and exclusions: Package type level	33
1.3.3.3	Inclusions and exclusions: Packaging component level	33
1.3.3.4	Inclusions and exclusions: Power range level	33
1.3.3.5	Inclusions and exclusions: Wavelength level	33
1.3.3.6	Inclusions and exclusions: Application level	33
1.3.3.7	Inclusions and exclusions: Region level	34
1.3.4	YEARS CONSIDERED	34
1.3.5	CURRENCY CONSIDERED	35
1.3.6	UNITS CONSIDERED	35
1.4	LIMITATIONS	35
1.5	STAKEHOLDERS	35
1.6	SUMMARY OF CHANGES	36
1.6.1	RECESSION IMPACT	36
2	RESEARCH METHODOLOGY	37
2.1	RESEARCH APPROACH	37
FIGURE 3	LED PACKAGING MARKET: RESEARCH DESIGN	37
2.1.1	SECONDARY DATA	38
2.1.1.1	Major secondary sources	38
2.1.1.2	Key data from secondary sources	39
2.1.2	PRIMARY DATA	39
2.1.2.1	Primary interviews with experts	39
2.1.2.2	List of key primary interview participants	40
2.1.2.3	Breakdown of primaries	40
FIGURE 4	BREAKDOWN OF PRIMARIES, BY COMPANY TYPE, DESIGNATION, AND REGION	40
2.1.2.4	Key data from primary sources	41
TABLE 1	KEY DATA FROM PRIMARY SOURCES	41
2.1.3	SECONDARY AND PRIMARY RESEARCH	42
FIGURE 5	SECONDARY AND PRIMARY RESEARCH	42
2.1.3.1	Key industry insights	42
FIGURE 6	KEY INDUSTRY INSIGHTS	42
2.2	MARKET SIZE ESTIMATION	43
2.2.1	BOTTOM-UP APPROACH	43
FIGURE 7	BOTTOM-UP APPROACH	43
2.2.2	TOP-DOWN APPROACH	44
FIGURE 8	TOP-DOWN APPROACH	44
2.3	FACTOR ANALYSIS	45
2.3.1	DEMAND-SIDE ANALYSIS	45
FIGURE 9	MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS	45
2.3.2	SUPPLY-SIDE ANALYSIS	46
FIGURE 10	MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS	46
2.3.3	GROWTH FORECAST ASSUMPTIONS	47
TABLE 2	MARKET GROWTH ASSUMPTIONS	47
2.4	RECESSION IMPACT ANALYSIS	47
2.5	MARKET BREAKDOWN AND DATA TRIANGULATION	48
FIGURE 11	DATA TRIANGULATION	48
2.6	RESEARCH ASSUMPTIONS	49
TABLE 3	RESEARCH ASSUMPTIONS: LED PACKAGING MARKET	49
2.7	RISK ASSESSMENT	49
TABLE 4	RISK ASSESSMENT: LED PACKAGING MARKET	49
3	EXECUTIVE SUMMARY	50
FIGURE 12	LED PACKAGING MARKET GROWTH, 2020–2029	51
FIGURE 13	LED PACKAGING EQUIPMENT MARKET GROWTH, 2020–2029	51
FIGURE 14	SMD PACKAGE TYPE SEGMENT TO DOMINATE LED PACKAGING MARKET DURING FORECAST PERIOD	52
FIGURE 15	HIGH-POWER LED POWER RANGE SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD	52
FIGURE 16	LED PACKAGES IN DEEP UV WAVELENGTH TO REGISTER HIGHER CAGR DURING FORECAST PERIOD	53
FIGURE 17	GENERAL LIGHTING SEGMENT TO LEAD LED PACKAGING MARKET DURING FORECAST PERIOD	53
FIGURE 18	TESTING EQUIPMENT SEGMENT TO LEAD LED PACKAGING EQUIPMENT MARKET FROM 2024 TO 2029	54
FIGURE 19	ASIA PACIFIC TO DOMINATE LED PACKAGING MARKET DURING FORECAST PERIOD	55
4	PREMIUM INSIGHTS	56
4.1	ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN LED PACKAGING MARKET	56
FIGURE 20	GROWING DEMAND FOR SMART LIGHTING SOLUTIONS TO DRIVE MARKET GROWTH	56
4.2	LED PACKAGING MARKET, BY PACKAGE TYPE	56
FIGURE 21	SMD LED PACKAGE SEGMENT TO DOMINATE LED PACKAGING MARKET DURING FORECAST PERIOD	56
4.3	LED PACKAGING MARKET, BY WAVELENGTH	57
FIGURE 22	VISIBLE & INFRARED SEGMENT TO ACCOUNT FOR LARGER SHARE OF LED PACKAGING MARKET DURING FORECAST PERIOD	57
4.4	LED PACKAGING MARKET, BY POWER RANGE	57
FIGURE 23	LOW-& MID-POWER LED PACKAGES TO DOMINATE LED PACKAGING MARKET IN 2024 AND 2029	57
4.5	LED PACKAGING MARKET, BY APPLICATION	58
FIGURE 24	GENERAL LIGHTING SEGMENT TO LEAD LED PACKAGING MARKET DURING FORECAST PERIOD	58
4.6	LED PACKAGING MARKET, BY PACKAGING COMPONENT	58
FIGURE 25	TESTING EQUIPMENT SEGMENT TO BE LARGEST IN LED PACKAGING EQUIPMENT MARKET IN 2024 AND 2029	58
4.7	LED PACKAGING MARKET IN ASIA PACIFIC, BY PACKAGE TYPE AND COUNTRY, 2023	59
FIGURE 26	SMD SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES OF LED PACKAGING MARKET IN ASIA PACIFIC, IN 2023	59
5	MARKET OVERVIEW	60
5.1	INTRODUCTION	60
5.2	MARKET DYNAMICS	60
FIGURE 27	MARKET DYNAMICS: LED PACKAGING MARKET	61
5.2.1	DRIVERS	61
5.2.1.1	Growing demand for UV LED-based disinfection systems	61
5.2.1.2	Increasing demand for smart lighting solutions	62
5.2.1.3	Growing adoption of packaged LEDs in automotive lighting solutions	62
FIGURE 28	GLOBAL SALES OF ELECTRIC VEHICLES, 2019-2021	62
5.2.1.4	Surging prices of packaged LEDs	63
FIGURE 29	IMPACT ANALYSIS OF DRIVERS ON LED PACKAGING MARKET	63
5.2.2	RESTRAINTS	64
5.2.2.1	Market saturation	64
FIGURE 30	IMPACT ANALYSIS OF RESTRAINTS ON LED PACKAGING MARKET	64
5.2.3	OPPORTUNITIES	64
5.2.3.1	Surging adoption of mini and micro-LED technologies	64
5.2.3.2	Development of advanced LED packaging technologies	65
FIGURE 31	IMPACT ANALYSIS OF OPPORTUNITIES IN LED PACKAGING MARKET	65
5.2.4	CHALLENGES	65
5.2.4.1	Lack of common open standards	65
FIGURE 32	IMPACT ANALYSIS OF CHALLENGES ON LED PACKAGING MARKET	66
5.3	SUPPLY CHAIN ANALYSIS	66
FIGURE 33	SUPPLY CHAIN ANALYSIS: LED PACKAGING MARKET	66
TABLE 5	LED PACKAGING MARKET: SUPPLY CHAIN ANALYSIS	68
5.4	ECOSYSTEM/MARKET MAP	69
FIGURE 34	LED PACKAGING MARKET: ECOSYSTEM/MARKET MAP	70
5.5	KEY TECHNOLOGY TRENDS	70
5.5.1	MICRO LED IN PACKAGE (MIP)	70
5.5.2	CHIP-SCALE PACKAGE (CSP)	71
5.5.3	CHIP-ON-BOARD (COB)	71
5.5.4	CHIP-ON-WAFER-ON-SUBSTRATE (COWOS)	72
5.5.5	PHOSPHOR-CONVERTED WHITE LED	72
5.6	PRICING ANALYSIS	73
5.6.1	AVERAGE SELLING PRICE OF PRODUCTS, BY KEY PLAYER	73
FIGURE 35	AVERAGE SELLING PRICE OF PRODUCTS OFFERED BY KEY PLAYERS	73
TABLE 6	AVERAGE SELLING PRICE OF SMD LEDS, COB LEDS, AND CSP LEDS OFFERED BY KEY PLAYERS	73
5.6.2	AVERAGE SELLING PRICE TREND	74
5.6.2.1	Average selling price trend of LED packaging, by package type	74
FIGURE 36	AVERAGE SELLING PRICE TREND OF LED PACKAGING, BY PACKAGE TYPE	74
5.6.2.2	Average selling price trend of LED packaging, by region	74
FIGURE 37	AVERAGE SELLING PRICE TREND FOR SMD LEDS, BY REGION	74
5.7	LIST OF KEY PATENTS AND INNOVATIONS	75
TABLE 7	PATENTS FILED DURING REVIEW PERIOD	75
FIGURE 38	NUMBER OF PATENTS GRANTED FOR LED PACKAGING	75
FIGURE 39	TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS GRANTED (JANUARY 2012-DECEMBER 2023)	75
TABLE 8	TOP 20 PATENT OWNERS DURING 2013–2023	76
TABLE 9	KEY PATENTS RELATED TO LED PACKAGING	77
5.8	PORTER’S FIVE FORCES ANALYSIS	78
TABLE 10	LED PACKAGING MARKET: PORTER’S FIVE FORCES ANALYSIS	78
FIGURE 40	LED PACKAGING MARKET: PORTER’S FIVE FORCES ANALYSIS–2023	79
FIGURE 41	IMPACT OF PORTER’S FIVE FORCES ON LED PACKAGING MARKET, 2023	79
5.8.1	THREAT OF NEW ENTRANTS	80
5.8.2	THREAT OF SUBSTITUTES	80
5.8.3	BARGAINING POWER OF SUPPLIERS	80
5.8.4	BARGAINING POWER OF BUYERS	80
5.8.5	INTENSITY OF COMPETITIVE RIVALRY	80
5.9	KEY STAKEHOLDERS & BUYING CRITERIA	81
5.9.1	KEY STAKEHOLDERS IN BUYING PROCESS	81
FIGURE 42	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS	81
TABLE 11	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS	81
5.9.2	BUYING CRITERIA	81
FIGURE 43	KEY BUYING CRITERIA FOR TOP THREE LED PACKAGE TYPES	81
TABLE 12	KEY BUYING CRITERIA FOR TOP THREE LED PACKAGE TYPES	82
5.10	CASE STUDIES	82
5.10.1	LEVERAGING NICHIA’S HUMAN-CENTRIC LIGHTING TECHNOLOGIES TO ENHANCE OVERALL SHOPPING EXPERIENCE FOR RETAIL CUSTOMERS	82
5.10.2	OSRAM’S OSLON P1616 SERIES MINIATURE HIGH-POWER INFRARED LED TO OFFER COMPACT DESIGN, HIGH-EFFICIENCY, LOW-ENERGY LIGHTING FOR SHINING 3D’S AORALSCAN 3I INTRAORAL SCANNER	82
5.10.3	INTEGRATION OF LUMILEDS LUXEON 3535 HV LED IN AUDAX ELECTRONICS’ WALL SCONCES, WALL PACKS, BOLLARDS, AND PENDANTS TO DELIVER REASONABLY PRICED LED-BASED FIXTURES	83
5.10.4	INTEGRATION OF LUXEON 4014 LOW-POWER LEDS IN JASCO PRODUCT FIXTURES REDUCED FIXTURE SIZE AND ENHANCED PERFORMANCE EFFICIENCY	83
5.11	TRADE ANALYSIS	83
TABLE 13	IMPORT DATA FOR HS CODE 8541, BY COUNTRY, 2018-2022 (USD MILLION)	84
FIGURE 44	IMPORT DATA FOR HS CODE 8541, 2018-2022	84
TABLE 14	EXPORT DATA FOR HS CODE 8541, BY COUNTRY 2018-2022 (USD MILLION)	85
FIGURE 45	EXPORT DATA FOR HS CODE 8541, 2018-2022	85
5.12	REGULATORY LANDSCAPE FOR LED PACKAGING MARKET	86
5.12.1	GLOBAL	86
5.12.2	EUROPE	86
5.12.3	ASIA PACIFIC	86
5.12.4	NORTH AMERICA	86
5.12.5	GOVERNMENT REGULATIONS	87
5.12.5.1	Asia Pacific	87
5.12.5.2	North America	87
5.12.5.3	Europe	87
5.13	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	88
FIGURE 46	REVENUE SHIFTS FOR LED PACKAGING MARKET	88
5.14	KEY CONFERENCES & EVENTS, 2024–2025	89
TABLE 15	LED PACKAGING MARKET: DETAILED LIST OF CONFERENCES & EVENTS	89
6	LED PACKAGING MARKET, BY PACKAGING COMPONENT	90
6.1	INTRODUCTION	91
6.2	EQUIPMENT	91
TABLE 16	LED PACKAGING EQUIPMENT MARKET, BY TYPE, 2020–2023 (USD MILLION)	91
FIGURE 47	TESTING EQUIPMENT TO LEAD MARKET DURING FORECAST PERIOD	91
TABLE 17	LED PACKAGING EQUIPMENT MARKET, BY TYPE, 2024–2029 (USD MILLION)	92
6.2.1	BONDING EQUIPMENT	92
6.2.1.1	High performance, reliability, and cost-effectiveness to drive market	92
6.2.2	ENCAPSULATION & PACKAGING EQUIPMENT	92
6.2.2.1	Reliability and damage resistance properties to support usage	92
6.2.3	TESTING EQUIPMENT	93
6.2.3.1	Evaluation of performance, quality, and safety of LED lighting products to drive market	93
6.2.4	OTHER EQUIPMENT	93
6.3	MATERIALS	94
6.3.1	LEAD FRAMES	94
6.3.1.1	Facilitation of electrical and mechanical connections between chip and package to drive market	94
6.3.2	SUBSTRATES	94
6.3.2.1	Optimized performance, reliability, and functionality across various applications to drive market	94
6.3.3	INTERCONNECTS (ADHESIVES)	95
6.3.3.1	Need to ensure robust bonds between LED chip and substrate to drive market	95
6.3.4	HOUSING MATERIALS	95
6.3.4.1	Need to ensure mechanical protection of LED chips and other components to drive market	95
6.3.5	ENCAPSULANTS	95
6.3.5.1	Better sealing and protective barrier against moisture, dust, and contaminants to drive market	95
7	LED PACKAGING MARKET, BY PACKAGING METHOD	96
7.1	INTRODUCTION	96
7.2	MESA (HORIZONTAL)	96
7.3	VERTICAL	96
7.4	FLIP-CHIP	97
8	LED PACKAGING MARKET, BY PACKAGE TYPE	98
8.1	INTRODUCTION	99
FIGURE 48	LED PACKAGING MARKET FOR CSP LEDS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD	99
TABLE 18	LED PACKAGING MARKET, BY PACKAGE TYPE, 2020–2023 (USD MILLION)	99
TABLE 19	LED PACKAGING MARKET, BY PACKAGE TYPE, 2024–2029 (USD MILLION)	100
8.2	SMD	100
8.2.1	INCREASED PACKING DENSITY, LOWER PRODUCTION COST, AND USE OF SMALLER PCBS TO DRIVE MARKET	100
TABLE 20	SMD: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	100
TABLE 21	SMD: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	101
TABLE 22	SMD: LED PACKAGING MARKET, 2020–2023 (MILLION UNITS)	101
TABLE 23	SMD: LED PACKAGING MARKET, 2024–2029 (MILLION UNITS)	101
8.3	COB	101
8.3.1	INCREASING DEMAND FOR IMPROVED LUMEN-PER-WATT RATIOS AND HEAT-EFFICIENT LED TECHNOLOGIES TO DRIVE MARKET	101
TABLE 24	COB: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	102
TABLE 25	COB: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	102
TABLE 26	COB: LED PACKAGING MARKET, 2020–2023 (MILLION UNITS)	102
TABLE 27	COB: LED PACKAGING MARKET, 2024–2029 (MILLION UNITS)	102
8.4	CSP	103
8.4.1	HIGH OPTICAL DENSITY, EXCELLENT LUMEN MAINTENANCE, COLOR STABILITY, REDUCED CURRENT CONSUMPTION, AND IMPROVED RELIABILITY TO DRIVE MARKET	103
TABLE 28	CSP: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	103
TABLE 29	CSP: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	103
TABLE 30	CSP: LED PACKAGING MARKET, 2020–2023 (MILLION UNITS)	104
TABLE 31	CSP: LED PACKAGING MARKET, 2024–2029 (MILLION UNITS)	104
8.5	OTHER PACKAGE TYPES	104
TABLE 32	OTHER PACKAGE TYPES: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	104
TABLE 33	OTHER PACKAGE TYPES: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	105
8.5.1	DUAL INLINE PACKAGE (DIP)	105
8.5.2	CHIP-ON-FLEX (COF)	105
9	LED PACKAGING MARKET, BY POWER RANGE	106
9.1	INTRODUCTION	107
FIGURE 49	LED PACKAGING MARKET FOR HIGH-POWER LED PACKAGES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD	107
TABLE 34	LED PACKAGING MARKET, BY POWER RANGE, 2020–2023 (USD MILLION)	107
TABLE 35	LED PACKAGING MARKET, BY POWER RANGE, 2024–2029 (USD MILLION)	107
9.2	LOW- & MID-POWER LED PACKAGES	108
9.2.1	INCREASING ADOPTION IN GENERAL LIGHTING, BACKLIGHTING, AND AUTOMOTIVE LIGHTING TO DRIVE MARKET	108
TABLE 36	LOW- & MID-POWER LED PACKAGES: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	108
TABLE 37	LOW- & MID-POWER LED PACKAGES: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	108
9.3	HIGH-POWER LED PACKAGES	109
9.3.1	DEMAND FOR INTENSE LUMINESCENCE OR BRIGHT DIRECTIONAL LIGHT ACROSS APPLICATIONS TO DRIVE MARKET	109
TABLE 38	HIGH-POWER LED PACKAGES: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	109
TABLE 39	HIGH-POWER LED PACKAGES: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	109
10	LED PACKAGING MARKET, BY WAVELENGTH	110
10.1	INTRODUCTION	111
FIGURE 50	DEEP UV LEDS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD	111
TABLE 40	LED PACKAGING MARKET, BY WAVELENGTH, 2020–2023 (USD MILLION)	111
TABLE 41	LED PACKAGING MARKET, BY WAVELENGTH, 2024–2029 (USD MILLION)	111
10.2	VISIBLE & INFRARED	112
10.2.1	GROWING DEMAND FOR HUMAN-CENTRIC LIGHTING TO ENSURE MARKET GROWTH	112
TABLE 42	VISIBLE & INFRARED: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	112
TABLE 43	VISIBLE & INFRARED: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	112
10.3	DEEP UV	113
10.3.1	RISING NEED FOR STERILIZATION AND DISINFECTION TO DRIVE MARKET	113
TABLE 44	DEEP UV: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	113
TABLE 45	DEEP UV: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	113
11	MATERIALS USED IN LED PACKAGING	115
11.1	INTRODUCTION	115
11.2	PLASTICS	115
11.3	NANOCERAMICS	115
11.4	CERAMICS	115
11.4.1	LEDS WITH A SINTERED CERAMIC PACKAGE	116
11.4.2	LEDS WITH CERAMIC SUBSTRATE COMBINED WITH SILICONE	116
11.4.3	LEDS WITH CERAMIC SUBSTRATE AND GLASS	116
11.5	SILICONE MATERIALS	116
11.6	EPOXY MOLDING COMPOUNDS	116
11.7	METAL ALLOYS	117
11.8	POLYMERS	117
11.9	GLASS COMPOSITES	117
11.10	OTHER MATERIALS	118
11.10.1	BONDING WIRES	118
11.10.2	SILICON CARBIDE SUBSTRATES	118
11.10.3	SAPPHIRE SUBSTRATES	118
11.10.4	GRAPHENE	118
12	LED PACKAGING MARKET, BY APPLICATION	119
12.1	INTRODUCTION	120
FIGURE 51	GENERAL LIGHTING SEGMENT TO DOMINATE LED PACKAGING MARKET DURING FORECAST PERIOD	120
TABLE 46	LED PACKAGING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)	120
TABLE 47	LED PACKAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)	121
12.2	GENERAL LIGHTING	121
12.2.1	RISING USE OF ENERGY-EFFICIENT LEDS AND NEED FOR REDUCED CARBON FOOTPRINT TO DRIVE MARKET	121
FIGURE 52	OUTDOOR & COMMERCIAL LIGHTING SEGMENT TO REGISTER HIGHER CAGR IN GENERAL LIGHTING APPLICATIONS DURING FORECAST PERIOD	122
TABLE 48	GENERAL LIGHTING: LED PACKAGING MARKET, BY TYPE, 2020–2023 (USD MILLION)	122
TABLE 49	GENERAL LIGHTING: LED PACKAGING MARKET, BY TYPE, 2024–2029 (USD MILLION)	122
TABLE 50	GENERAL LIGHTING: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	122
TABLE 51	GENERAL LIGHTING: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	123
TABLE 52	RESIDENTIAL: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	123
TABLE 53	RESIDENTIAL: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	123
TABLE 54	OUTDOOR & COMMERCIAL LIGHTING: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	124
TABLE 55	OUTDOOR & COMMERCIAL LIGHTING: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	124
12.3	AUTOMOTIVE LIGHTING	124
12.3.1	HIGHER PERFORMANCE, IMPROVED SAFETY, AND APPEALING DESIGNS IN AUTOMOTIVE LIGHTING TO INCREASE USAGE	124
FIGURE 53	EXTERIOR LIGHTING SEGMENT TO AUTOMOTIVE LIGHTING APPLICATION DURING FORECAST PERIOD	125
TABLE 56	AUTOMOTIVE LIGHTING: LED PACKAGING MARKET, BY TYPE, 2020–2023 (USD MILLION)	125
TABLE 57	AUTOMOTIVE LIGHTING: LED PACKAGING MARKET, BY TYPE, 2024–2029 (USD MILLION)	125
TABLE 58	AUTOMOTIVE LIGHTING: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	125
TABLE 59	AUTOMOTIVE LIGHTING: PACKAGED LED MARKET, BY REGION, 2024–2029 (USD MILLION)	126
TABLE 60	INTERIOR LIGHTING: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	126
TABLE 61	INTERIOR LIGHTING: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	126
TABLE 62	EXTERIOR LIGHTING: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	127
TABLE 63	EXTERIOR LIGHTING: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	127
12.4	BACKLIGHTING	127
12.4.1	RISING DEMAND FOR EMERGING DISPLAY TECHNOLOGIES SUCH AS MICRO-LED AND QUANTUM DOT DISPLAYS TO DRIVE MARKET	127
TABLE 64	BACKLIGHTING: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	128
TABLE 65	BACKLIGHTING: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	128
12.5	FLASH LIGHTING	128
12.5.1	GROWING ADOPTION OF LED-BASED FLASHLIGHTS IN SMARTPHONES TO DRIVE MARKET	128
TABLE 66	FLASH LIGHTING: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	129
TABLE 67	FLASH LIGHTING: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	129
12.6	INDUSTRIAL LIGHTING	129
12.6.1	RISING EMPHASIS ON SMART LIGHTING FOR COST REDUCTION TO DRIVE MARKET	129
TABLE 68	INDUSTRIAL LIGHTING: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	130
TABLE 69	INDUSTRIAL LIGHTING: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	130
12.7	OTHER APPLICATIONS	130
TABLE 70	OTHER APPLICATIONS: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	131
TABLE 71	OTHER APPLICATIONS: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	131
13	LED PACKAGING MARKET, BY REGION	132
13.1	INTRODUCTION	133
FIGURE 54	CHINA TO REGISTER HIGHEST CAGR IN LED PACKAGING MARKET FROM 2024 TO 2029	133
TABLE 72	LED PACKAGING MARKET, BY REGION, 2020–2023 (USD BILLION)	133
TABLE 73	LED PACKAGING MARKET, BY REGION, 2024–2029 (USD BILLION)	134
13.2	NORTH AMERICA	134
FIGURE 55	NORTH AMERICA: LED PACKAGING MARKET SNAPSHOT	135
TABLE 74	NORTH AMERICA: LED PACKAGING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)	135
TABLE 75	NORTH AMERICA: LED PACKAGING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)	136
TABLE 76	NORTH AMERICA: LED PACKAGING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)	136
TABLE 77	NORTH AMERICA: LED PACKAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)	136
TABLE 78	NORTH AMERICA: LED PACKAGING MARKET, BY POWER RANGE, 2020–2023 (USD MILLION)	137
TABLE 79	NORTH AMERICA: LED PACKAGING MARKET, BY POWER RANGE, 2024–2029 (USD MILLION)	137
TABLE 80	NORTH AMERICA: LED PACKAGING MARKET, BY WAVELENGTH, 2020–2023 (USD MILLION)	137
TABLE 81	NORTH AMERICA: LED PACKAGING MARKET, BY WAVELENGTH, 2024–2029 (USD MILLION)	137
TABLE 82	NORTH AMERICA: LED PACKAGING MARKET, BY PACKAGE TYPE, 2020–2023 (USD MILLION)	138
TABLE 83	NORTH AMERICA: LED PACKAGING MARKET, BY PACKAGE TYPE, 2024–2029 (USD MILLION)	138
TABLE 84	NORTH AMERICA: LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING, BY TYPE, 2020–2023 (USD MILLION)	138
TABLE 85	NORTH AMERICA: LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING, BY TYPE, 2024–2029 (USD MILLION)	138
TABLE 86	NORTH AMERICA: LED PACKAGING MARKET FOR GENERAL LIGHTING, BY TYPE, 2020–2023 (USD MILLION)	139
TABLE 87	NORTH AMERICA: LED PACKAGING MARKET FOR GENERAL LIGHTING, BY TYPE, 2024–2029 (USD MILLION)	139
13.2.1	NORTH AMERICA: RECESSION IMPACT	139
13.2.2	US	140
13.2.2.1	Increasing adoption of LEDs for energy-efficient building systems to drive market	140
13.2.3	CANADA	140
13.2.3.1	Rising government initiatives to promote use of EVs and drive market	140
13.2.4	MEXICO	141
13.2.4.1	Increasing demand for efficient lighting systems and growing adoption of LEDs for automotive lighting to drive market	141
13.3	EUROPE	141
FIGURE 56	EUROPE: LED PACKAGING MARKET SNAPSHOT	142
TABLE 88	EUROPE: LED PACKAGING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)	142
TABLE 89	EUROPE: LED PACKAGING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)	143
TABLE 90	EUROPE: LED PACKAGING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)	143
TABLE 91	EUROPE: LED PACKAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)	143
TABLE 92	EUROPE: LED PACKAGING MARKET, BY POWER RANGE, 2020–2023 (USD MILLION)	143
TABLE 93	EUROPE: LED PACKAGING MARKET, BY POWER RANGE, 2024–2029 (USD MILLION)	144
TABLE 94	EUROPE: LED PACKAGING MARKET, BY WAVELENGTH, 2020–2023 (USD MILLION)	144
TABLE 95	EUROPE: LED PACKAGING MARKET, BY WAVELENGTH, 2024–2029 (USD MILLION)	144
TABLE 96	EUROPE: LED PACKAGING MARKET, BY PACKAGE TYPE, 2020–2023 (USD MILLION)	144
TABLE 97	EUROPE: LED PACKAGING MARKET, BY PACKAGE TYPE, 2024–2029 (USD MILLION)	145
TABLE 98	EUROPE: LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING, BY TYPE, 2020–2023 (USD MILLION)	145
TABLE 99	EUROPE: LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING, BY TYPE, 2024–2029 (USD MILLION)	145
TABLE 100	EUROPE: LED PACKAGING MARKET FOR GENERAL LIGHTING, BY TYPE, 2020–2023 (USD MILLION)	145
TABLE 101	EUROPE: LED PACKAGING MARKET FOR GENERAL LIGHTING, BY TYPE, 2024–2029 (USD MILLION)	146
13.3.1	EUROPE: RECESSION IMPACT	146
13.3.2	GERMANY	146
13.3.2.1	Favorable trade scenarios and rising demand for energy-efficient lighting solutions to drive market	146
13.3.3	FRANCE	147
13.3.3.1	Efforts to reduce carbon footprint to drive market	147
13.3.4	UK	147
13.3.4.1	Rising government initiatives toward energy-efficient lighting solutions to drive market	147
13.3.5	REST OF EUROPE	147
13.4	ASIA PACIFIC	148
FIGURE 57	ASIA PACIFIC: LED PACKAGING MARKET SNAPSHOT	148
TABLE 102	ASIA PACIFIC: LED PACKAGING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)	149
TABLE 103	ASIA PACIFIC: LED PACKAGING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)	149
TABLE 104	ASIA PACIFIC: LED PACKAGING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)	149
TABLE 105	ASIA PACIFIC: LED PACKAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)	150
TABLE 106	ASIA PACIFIC: LED PACKAGING MARKET, BY POWER RANGE, 2020–2023 (USD MILLION)	150
TABLE 107	ASIA PACIFIC: LED PACKAGING MARKET, BY POWER RANGE, 2024–2029 (USD MILLION)	150
TABLE 108	ASIA PACIFIC: LED PACKAGING MARKET, BY WAVELENGTH, 2020–2023 (USD MILLION)	150
TABLE 109	ASIA PACIFIC: LED PACKAGING MARKET, BY WAVELENGTH, 2024–2029 (USD MILLION)	151
TABLE 110	ASIA PACIFIC: LED PACKAGING MARKET, BY PACKAGE TYPE, 2020–2023 (USD MILLION)	151
TABLE 111	ASIA PACIFIC: LED PACKAGING MARKET, BY PACKAGE TYPE, 2024–2029 (USD MILLION)	151
TABLE 112	ASIA PACIFIC: LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING, BY TYPE, 2020–2023 (USD MILLION)	151
TABLE 113	ASIA PACIFIC: LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING, BY TYPE, 2024–2029 (USD MILLION)	152
TABLE 114	ASIA PACIFIC: LED PACKAGING MARKET FOR GENERAL LIGHTING, BY TYPE, 2020–2023 (USD MILLION)	152
TABLE 115	ASIA PACIFIC: LED PACKAGING MARKET FOR GENERAL LIGHTING, BY TYPE, 2024–2029 (USD MILLION)	152
13.4.1	ASIA PACIFIC: RECESSION IMPACT	152
13.4.2	CHINA	153
13.4.2.1	Presence of major display panel manufacturers to drive market	153
13.4.3	JAPAN	153
13.4.3.1	Demand from major automotive manufacturers to drive market	153
13.4.4	TAIWAN	154
13.4.4.1	Ongoing technological advancements toward energy-efficient technologies to drive market	154
13.4.5	SOUTH KOREA	154
13.4.5.1	Presence of established semiconductor device manufacturers to drive market	154
13.4.6	REST OF ASIA PACIFIC	154
13.5	REST OF THE WORLD	155
TABLE 116	REST OF THE WORLD: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	155
TABLE 117	REST OF THE WORLD: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	155
TABLE 118	MIDDLE EAST & AFRICA: LED PACKAGING MARKET, BY REGION, 2020–2023 (USD MILLION)	155
TABLE 119	MIDDLE EAST & AFRICA: LED PACKAGING MARKET, BY REGION, 2024–2029 (USD MILLION)	155
TABLE 120	REST OF THE WORLD: LED PACKAGING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)	156
TABLE 121	REST OF THE WORLD: LED PACKAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)	156
TABLE 122	REST OF THE WORLD: LED PACKAGING MARKET, BY POWER RANGE, 2020–2023 (USD MILLION)	156
TABLE 123	REST OF THE WORLD: LED PACKAGING MARKET, BY POWER RANGE, 2024–2029 (USD MILLION)	156
TABLE 124	REST OF THE WORLD: LED PACKAGING MARKET, BY WAVELENGTH, 2020–2023 (USD MILLION)	157
TABLE 125	REST OF THE WORLD: LED PACKAGING MARKET, BY WAVELENGTH, 2024–2029 (USD MILLION)	157
TABLE 126	REST OF THE WORLD: LED PACKAGING MARKET, BY PACKAGE TYPE, 2020–2023 (USD MILLION)	157
TABLE 127	REST OF THE WORLD: LED PACKAGING MARKET, BY PACKAGE TYPE, 2024–2029 (USD MILLION)	158
TABLE 128	REST OF THE WORLD: LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING, BY TYPE, 2020–2023 (USD MILLION)	158
TABLE 129	REST OF THE WORLD: LED PACKAGING MARKET FOR AUTOMOTIVE LIGHTING, BY TYPE, 2024–2029 (USD MILLION)	158
TABLE 130	REST OF THE WORLD: LED PACKAGING MARKET FOR GENERAL LIGHTING, BY TYPE, 2020–2023 (USD MILLION)	158
TABLE 131	REST OF THE WORLD: LED PACKAGING MARKET FOR GENERAL LIGHTING, BY TYPE, 2024–2029 (USD MILLION)	159
13.5.1	REST OF THE WORLD: RECESSION IMPACT	159
13.5.2	MIDDLE EAST & AFRICA	159
13.5.2.1	Growing investments in R&D for smart lighting solutions to drive market	159
13.5.2.2	GCC countries	160
13.5.2.2.1	Growing measures supporting use of low-power and cost-effective lighting solutions to drive market	160
13.5.2.3	Rest of Middle East & Africa	160
13.5.3	SOUTH AMERICA	160
13.5.3.1	Supportive government initiatives to favor adoption of low-power LEDs	160
14	COMPETITIVE LANDSCAPE	161
14.1	INTRODUCTION	161
14.2	MARKET EVALUATION FRAMEWORK	161
TABLE 132	OVERVIEW OF STRATEGIES DEPLOYED BY KEY LED PACKAGING PLAYERS	161
FIGURE 58	COMPANIES ADOPTED ACQUISITIONS AS KEY GROWTH STRATEGY FROM 2019–2023	162
14.2.1	ORGANIC/INORGANIC GROWTH STRATEGIES	162
14.2.2	PRODUCT PORTFOLIO	162
14.2.3	GEOGRAPHIC PRESENCE	163
14.2.4	MANUFACTURING FOOTPRINT	163
14.3	MARKET SHARE ANALYSIS, 2023	163
TABLE 133	MARKET SHARE ANALYSIS OF KEY COMPANIES, 2023	163
14.4	HISTORICAL REVENUE ANALYSIS OF MAJOR MARKET PLAYERS	164
14.4.1	HISTORICAL REVENUE ANALYSIS, 2018–2022	165
FIGURE 59	HISTORICAL REVENUE ANALYSIS OF MAJOR COMPANIES, 2018–2022 (USD BILLION)	165
14.5	COMPANY EVALUATION MATRIX: KEY PLAYERS	165
14.5.1	STARS	166
14.5.2	EMERGING LEADERS	166
14.5.3	PERVASIVE PLAYERS	166
14.5.4	PARTICIPANTS	166
FIGURE 60	LED PACKAGING MARKET (GLOBAL): COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023	167
14.5.5	COMPANY FOOTPRINT	168
TABLE 134	COMPANY PRODUCT FOOTPRINT	168
TABLE 135	COMPANY PACKAGE TYPE FOOTPRINT	169
TABLE 136	COMPANY APPLICATION FOOTPRINT	170
TABLE 137	COMPANY REGION FOOTPRINT	171
14.6	COMPANY EVALUATION MATRIX: STARTUPS/SMES	172
14.6.1	PROGRESSIVE COMPANIES	172
14.6.2	RESPONSIVE COMPANIES	172
14.6.3	DYNAMIC COMPANIES	172
14.6.4	STARTING BLOCKS	172
FIGURE 61	LED PACKAGING MARKET (GLOBAL): COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023	173
14.6.5	COMPETITIVE BENCHMARKING	174
TABLE 138	LED PACKAGING MARKET: DETAILED LIST OF KEY STARTUPS/SMES	174
TABLE 139	COMPETITIVE BENCHMARKING FOR STARTUPS/SMES: PACKAGE TYPE	174
TABLE 140	COMPETITIVE BENCHMARKING FOR STARTUPS/SMES: APPLICATION	175
TABLE 141	COMPETITIVE BENCHMARKING OF STARTUP/SMES: REGION	175
14.7	COMPETITIVE SCENARIO	176
14.7.1	PRODUCT LAUNCHES	176
TABLE 142	LED PACKAGING MARKET: PRODUCT LAUNCHES, 2021–2023	176
14.7.2	DEALS	177
TABLE 143	DEALS, 2021–2023	177
15	COMPANY PROFILES	178
15.1	INTRODUCTION	178
15.2	KEY PLAYERS	178
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
15.2.1	NICHIA CORPORATION	178
TABLE 144	NICHIA CORPORATION: COMPANY OVERVIEW	178
TABLE 145	NICHIA CORPORATION: PRODUCT LAUNCHES	179
TABLE 146	NICHIA CORPORATION: DEALS	180
15.2.2	AMS-OSRAM AG.	181
TABLE 147	AMS-OSRAM AG.: COMPANY OVERVIEW	181
FIGURE 62	AMS-OSRAM AG.: COMPANY SNAPSHOT	182
TABLE 148	AMS-OSRAM AG.: PRODUCT LAUNCHES	183
TABLE 149	AMS-OSRAM AG.: DEALS	184
15.2.3	SAMSUNG	185
TABLE 150	SAMSUNG: COMPANY OVERVIEW	185
FIGURE 63	SAMSUNG: COMPANY SNAPSHOT	186
TABLE 151	SAMSUNG: PRODUCT LAUNCHES	187
15.2.4	LUMILEDS HOLDING B.V.	189
TABLE 152	LUMILEDS HOLDING B.V.: COMPANY OVERVIEW	189
TABLE 153	LUMILEDS HOLDING B.V.: PRODUCT LAUNCHES	190
15.2.5	SEOUL SEMICONDUCTOR CO., LTD.	192
TABLE 154	SEOUL SEMICONDUCTOR CO., LTD.: COMPANY OVERVIEW	192
FIGURE 64	SEOUL SEMICONDUCTOR CO., LTD.: COMPANY SNAPSHOT	192
TABLE 155	SEOUL SEMICONDUCTOR CO., LTD.: PRODUCT LAUNCHES	193
15.2.6	MLS CO, LTD.	195
TABLE 156	MLS CO, LTD.: COMPANY OVERVIEW	195
15.2.7	EVERLIGHT ELECTRONICS CO., LTD.	196
TABLE 157	EVERLIGHT ELECTRONICS CO., LTD.: COMPANY OVERVIEW	196
FIGURE 65	EVERLIGHT ELECTRONICS CO., LTD.: COMPANY SNAPSHOT	197
TABLE 158	EVERLIGHT ELECTRONICS CO., LTD.: PRODUCT LAUNCHES	198
15.2.8	SMART GLOBAL HOLDINGS, INC.	199
TABLE 159	SMART GLOBAL HOLDINGS, INC.: COMPANY OVERVIEW	199
FIGURE 66	SMART GLOBAL HOLDINGS, INC.: COMPANY SNAPSHOT	200
TABLE 160	SMART GLOBAL HOLDINGS, INC.: PRODUCT LAUNCHES	201
TABLE 161	SMART GLOBAL HOLDINGS, INC.: DEALS	202
15.2.9	FOSHAN NATIONSTAR OPTOELECTRONICS CO. LTD.	203
TABLE 162	FOSHAN NATIONSTAR OPTOELECTRONICS CO. LTD.: COMPANY OVERVIEW	203
TABLE 163	FOSHAN NATIONSTAR OPTOELECTRONICS CO. LTD.: PRODUCT LAUNCHES	204
15.2.10	LITE-ON TECHNOLOGY, INC.	205
TABLE 164	LITE-ON TECHNOLOGY, INC.: COMPANY OVERVIEW	205
FIGURE 67	LITE-ON TECHNOLOGY, INC.: COMPANY SNAPSHOT	206
TABLE 165	LITE-ON TECHNOLOGY, INC.: PRODUCT LAUNCHES	207
TABLE 166	LITE-ON TECHNOLOGY, INC.: DEALS	207
15.3	OTHER PLAYERS	208
15.3.1	STANLEY ELECTRIC CO., LTD.	208
15.3.2	HONGLI ZHIHUI GROUP CO., LTD.	209
15.3.3	LEXTAR ELECTRONICS CORPORATION	210
15.3.4	PROLIGHT OPTO TECHNOLOGY CORP.	211
15.3.5	EDISON OPTO CORP.	212
15.3.6	SCHOTT	213
15.3.7	CITIZEN ELECTRONICS CO., LTD.	213
15.3.8	TSLC	214
15.3.9	VIOLUMAS	214
15.3.10	LUMINUS, INC.	215
15.3.11	HARVATEK CORPORATION	215
15.3.12	LUCKYLIGHT ELECTRONICS CO., LTD	216
15.3.13	BRIDGELUX, INC	216
15.3.14	US KOREA HOTLINK	217
15.3.15	LUMEX INC.	217
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
16	APPENDIX	218
16.1	INSIGHTS FROM INDUSTRY EXPERTS	218
16.2	DISCUSSION GUIDE	219
16.3	KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL	222
16.4	CUSTOMIZATION OPTIONS	224
16.5	RELATED REPORTS	224
16.6	AUTHOR DETAILS	225
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