Global LED Packaging Market (2021 to 2026) - Surged Adoption of CSP LEDs in Automotive Lighting Applications Presents Opportunities
Share this article Share this article ResearchAndMarkets.com's offering. The global LED packaging market is estimated to grow from USD 17.6 billion in 2021 to USD 22.1 billion by 2026, at a CAGR of 4.6%. The market has a promising growth potential due to several factors, including the risen demand for IoT-enabled lighting fixtures and smart lighting solutions, surged demand for LED packages in display panel market, increased demand for UV LED-based disinfection systems amid COVID-19, and recent government initiatives and regulations promoting use of LEDs for energy efficiency and environmenta...