LED Flip Chip Market Expected to Reach $22.1 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “LED Flip Chip Market," The led flip chip market was valued at $10.36 million in 2021, and is estimated to reach $22.1 million by 2031, growing at a CAGR of 8% from 2022 to 2031.

LED flip chip technology, also known as wireless bonded LED technology, offers many advantages over SMD technology. It is used for many different industries outside of digital advertising but has significantly impacted LED solutions with unmatched superior light performance. LEDs with flip chip technology are low maintenance because the lighting bulbs do not require replacing. Since LED luminaires are complete lighting units that consist of LED based emitting light, they can withstand any movement or disturbances in any environment very well. When placed in environments with a high degree of activity, like sports halls or indoor performances, flip chip LEDs require little maintenance and are highly durable. These features are beneficial in places that are open continuously such as hospitals and hotels and thereby drives the growth of LED flip chip market size.

Flip chip possess the potential to reduce size, weight, and thickness of circuits and increase their signal power and high I/O count, owing to its substantially high spectrum bandwidth and enhanced electrical, thermal, and mechanical properties. Such factors provide lucrative oppertunities to the LED flip chip market growth. The LED flip chip market trends show that 2.5D IC packaging technology poses several challenges, such as lack of foundries and assembly houses which is supported by 3D IC packaging technology. Thus, according to the LED flip chip market analysis, the technology has witnessed unawareness of cost-effectiveness & improved performances, which could hamper its adoption in the manufacturing industry.

The LED flip chip market key players profiled in the report include Lumileds, NiChia, Lextar (AU Optronics), Genesis Photonics, Epistar, San'an Opto, Lattice Power, HC SemiTek, Samsung Electronics Co and Shenzhen Getian Opto-Electronics Co., Ltd. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the LED flip chip market share.

KEY FINDINGS OF THE STUDY

• In 2021, the 2.5D IC segment was the major revenue contributor to the LED flip chip industry, and is projected to grow at a notable CAGR of 7.58% during the forecast period.
• The industrial segment is projected to growth at a CAGR of  9.4% during the forecast period.
• Asia-Pacific contributed for the major LED flip chip market share, accounting for more than 37.5% share in 2021.

Key players profiled in the report include Lumileds, NiChia, Lextar (AU Optronics), Genesis Photonics, Epistar, San'an Opto, Lattice Power, HC SemiTek, Samsung Electronics Co and Shenzhen Getian Opto-Electronics Co., Ltd. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the LED flip chip market.