LED packaging market analysis and development prospects for 2020-2025

This report called "LED Packaging Market" is very useful for obtaining stronger and more effective business prospects. It provides in-depth analysis of different attributes of the industry, such as trends, SWOT analysis, policies, and customers operating in multiple regions. Analysts have used qualitative and quantitative analysis techniques to provide readers, business owners and industry experts with accurate and applicable data.

The LED packaging market is valued at US$20.50 billion in 2019 and is expected to reach US$36.7 billion by 2025, with a compound annual growth rate of 3.0% during the forecast period.

The main driving forces for the growth of the LED packaging market include the growing demand for high-power LED packaging for lighting applications; the growing demand for LED packaging in the display panel market.

The Asia-Pacific region is the largest LED packaging market in 2016. This market is expected to become the fastest growing market due to the growth of applications such as general lighting, automobiles and backlighting.