Chip Scale Package LEDs (CSP LED) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Chip Scale Package LEDs (CSP LED) Market Size and Growth
The global Chip Scale Package LEDs (CSP LED) market is expected to grow rapidly due to increasing demand for energy-efficient lighting solutions. The market size is projected to reach $2.5 billion by 2025, with a compound annual growth rate of 15%. Technological advancements and government initiatives promoting energy conservation are major drivers for market growth.
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Companies Covered (Covid 19 Impact Covered)
◍ Lumileds
◍ Nichia
◍ Samsung LEDs
◍ Seoul Semiconductor
◍ Lumens
◍ OSRAM
◍ Cree
◍ EPISTAR
◍ Genesis Photonics Inc (gpiled)
◍ ETI
◍ Hongli Zhihui Group
◍ LatticePower
The Chip Scale Package LEDs (CSP LED) market is highly competitive with key players like Lumileds, Nichia, Samsung LEDs, Seoul Semiconductor, Lumens, OSRAM, Cree, EPISTAR, Genesis Photonics Inc (gpiled), ETI, Hongli Zhihui Group, and LatticePower. These companies leverage CSP LED technology to offer high-performance, energy-efficient lighting solutions, driving market growth.
- Lumileds: $2.2 billion (2019)
- Nichia: $3.1 billion (2019)
- Seoul Semiconductor: $1.6 billion (2019)
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