Consumer Goods and Retail Report Blog

Saudi Arabia LED Packaging Market is expected to witness growth at a robust CAGR, during 2018-23, due to the growing regulations to adopt efficient and cost-effective LEDs for lighting applications to conserve energy. Moreover, the increasing government initiatives in adopting smart, efficient and energy saving LED lights over conventional sources and demand of LEDs in display panels in televisions and smartphones will drive the Saudi Arabia LED Packaging Market further. 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 energy saving lighting in residential and commercial areas. 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. For More