Chip Scale Package (CSP) LED Market: Insights and Trends for the Future
March 21, 2023 ⚊ 1 Min read ⚊ Views 69 ⚊ BUSINESS
The global Chip Scale Package (CSP) LED market size is expected to reach USD 3,994.9 Million in 2028 and register a steady revenue CAGR of 18.0% over the forecast period, according to latest analysis by Emergen Research. Increasing demand for chip scale package LED from automotive sector to replace conventional technology headlights, rise in low thermal resistance, increased package density, and uniform current spreading for low droop are features that are driving adoption and fueling market revenue growth. Rising demand for chip scale package LEDs in residential and commercial sectors is also driving market revenue growth. High luminescence provided by chip scale package LED is resulting in increasing deployment by construction companies.
