About LED Encapsulation
LED encapsulation contains low viscosity and has the pot life from few to many hours. It is used for the packaging of lamp LED and increases the protection. In addition to this, LED encapsulation also provides the operational benefits. The high power LED produces more heat and hence due to the increasing usage of medium and high power LED, the demand of the encapsulation is increasing. In addition, the increase in applications of LED is improving the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Asia Pacific Players will contribute the maximum growth to Global LED Encapsulation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dow (United States), Nusil (United States), H.B. Fuller (United States), Shin-Etsu Chemical (Japan), Henkel (Germany), KYOCERA (Japan), Panasonic (Japan), Foshan NationStar Optoelectronics (China), Epistar (Taiwan) and Samsung Electronics (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global LED Encapsulation market by and Region.
On the basis of geography, the market of LED Encapsulation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Consumer electronics will boost the LED Encapsulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by LED type, the sub-segment i.e. Pinned LED will boost the LED Encapsulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material type, the sub-segment i.e. Epoxy will boost the LED Encapsulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Curing method, the sub-segment i.e. Heat curing will boost the LED Encapsulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Usage of Organic Silicones as an Encapsulation Material in LED
Market Growth Drivers:
Increasing usage of high to medium power LED in various end use industries. There has been the requirement of longer life of LEDs in industries like automobile which is full filled by encapsulation. Moreover, the LED encapsulation is used in consumer electronics, telecommunication and others which supports the growth of the market.
Restraints:
Usage of OLED Over LED in Consumer Electronics may hinder the Market Growth
Opportunities:
Technological Advancements in LED is Boosting the Market Growth
Market Leaders and their expansionary development strategies
In June 2023, Eli Lilly and Company (NYSE: LLY) and Sigilon Therapeutics, Inc. has acquired Sigilon, a biopharmaceutical company that seeks to develop functional cures for patients with a broad range of acute and chronic diseases.
In July 2021, ams Osram has launched a new Quantum Dot LED. The lighting gian says LED technology has been on the rise for many years and the demand for high-quality and energy-efficient solutions for general lighting is growing
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.