United States LED Packaging Market Analysis By U.S. Industry Size, Share, Trends, Opportunity and Forecast
United States LED Packaging Market is expected to grow at a robust CAGR, over the next five years, because of the increasing adoption of LED packaging in end use industries like electronics where LEDs are used in display panels of televisions and mobile phones. Moreover, the growing use of high grade and efficient LED Packages for various lighting applications and the rising demand for smart, energy conserving lighting solutions for residential as well as industrial lighting will drive the United States LED Packaging Market further. Based on package type segment of the LED Packaging market , Chip Scale Package (CSP) is predicted to lead the market in the next five years, due to its advantages like thinner profile, compact package footprint, reduced weight and better electrical performance etc over others. Based on the applications, general lightning segment is anticipated to occupy the largest market share in the forecast period due to the increasing need of cost-effective and e...