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Global LED Packaging Market

Global LED Packaging Market

Submitted by • September 25, 2020 www.maximizemarketresearch.com

Global LED Packaging Market is expected to reach US$ XX Bn by 2026 from US$ 20.66 Bn in 2018 at a CAGR of XX %. The factors such as increasing demand for high power grade LED packages for lighting applications, rising demand for LED packages in the display panel market, growing government initiatives and regulations for adoption of energy-efficient LED lighting and increasing demand for smart LED lighting solutions are responsible for the growth of the global LED packaging market.

The Global LED Packaging Market is segmented by package type, packaging material, application, and geography. Further package type is segmented by surface mount device (SMD), chip on board (COB), chip scale package (CSP). The market is governed by surface mount device (SMD) and chip scale package (CSP) is projected to grow at the highest CAGR during the forecast period due to reduced weight, thin profile and reduced package footprint. Later, the packaging material is segmented by lead frames, substrates,

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