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Nichia Corporation and Ams-Osram AG hold a significant share of the LED packaging industry primarily due to its pioneering role in the development of high-brightness blue and white LEDs. Nichia was the first company to commercialize blue LEDs, which was a groundbreaking achievement that led to the creation of white LEDs using phosphor coating. This innovation not only revolutionized the lighting industry but also positioned Nichia as a leader in the market. The company's extensive R&D capabilities have enabled it to continuously innovate, offering products with superior brightness, efficiency, and lifespan. Nichia's strong intellectual property portfolio, which includes numerous patents in LED technology, further solidifies its market position. Additionally, Nichia's focus on quality and reliability has earned it the trust of major global manufacturers across various industries, including automotive, consumer electronics, and general lighting, contributing to its dominant market share.
Ams-Osram AG holds a significant share of the LED packaging market due to its comprehensive and diversified product portfolio, which spans various applications such as automotive lighting, industrial lighting, consumer electronics, and healthcare. The merger of Ams and Osram brought together two industry leaders, combining Ams's expertise in sensors and Osram's strong legacy in lighting technology. This strategic combination has allowed Ams-Osram AG to offer integrated solutions that leverage both advanced LED technology and sensor systems, catering to the growing demand for smart lighting and automotive applications. The company's strong presence in the automotive industry, particularly in high-performance lighting systems such as adaptive headlights and ambient lighting, has been a key driver of its market share. Additionally, Ams-Osram AG's global manufacturing and distribution network enables it to serve a wide range of customers across different regions, further reinforcing its leadership in the market.
Major players operating in the LED packaging industry are:
Nichia Corporation, Ams-Osram AG, Samsung Electronics Co. Ltd., Lumileds Holding B.V., Seoul Semiconductor Co., Ltd., MLS Co., Ltd., and Everlight Electronics Co., Ltd., are some of the major LED packaging companies worldwide.
North America industry held over 30% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to technological advancements and high consumer awareness about energy-efficient lighting solutions in the region.
LED packaging industry from the chip on board segment is expected to register over 6.5% CAGR from 2024-2032 due to its high efficiency and superior light output.
Market size for LED packaging was USD 16.6 billion in 2023 and is expected to register over 5% CAGR from 2024-2032 owing to a shift toward sustainable and energy-efficient lighting solutions worldwide.