Report Overview

Saudi Arabia's LED packaging market is driven by increasing demand for LED packages in the display panel market, as well as government initiatives and regulations encouraging the use of LEDs for energy efficiency and environmental benefits. Additionally, the growth of IoT-connected lighting fixtures and smart lighting solutions is also driving the market’s growth.

Saudi Arabia LED Packaging Market- Industry Trends & Forecast Report 2027

Saudi Arabia LED packaging market is estimated to grow at a CAGR of 4.8 % during the forecast period (2021-2027). Growing demand for LED packaging in the display panel market, government initiatives and regulations to promote LEDs for energy efficiency and environmental benefits, and demand for IoT-enabled lighting fixtures and smart lighting solutions are all driving the growth of the LED packaging market in Saudi Arabia.

Saudi Arabia LED Packaging Market Overview

As the name suggests, an LED package comprises a plastic casing containing an LED chip and phosphor. A semiconductor chip emits blue light, and phosphor material transforms some of that light into green and red wavelengths. The white light emitted by the LED package is a result of this mixing. Only well-packaged LEDs are capable of serving as terminal products. LED packaging should be tailored according to the specific requirements of each LED type.

Saudi Arabia LED Packaging Market Trend

Growth Drivers

The Ongoing and upcoming Smart city Projects is Pushing the Market Forward

Several smart city projects are underway in Saudi Arabia, providing opportunities for technology businesses, service providers, utilities, and consulting firms. Smart lighting plays an increasingly significant role as cities become smarter. Additionally, using electricity more efficiently is one of the key goals of smart city infrastructure. Developing smart cities has become a key driver of a country's long-term economic progress. Smart city projects, such as the KSA-funded NEOM, are anticipated to deliver an energy-efficient system that reduces electricity consumption without compromising or decreasing system functionality. The Saudi Arabian LED packaging market is expected to benefit from such eco-friendly initiatives.

Restraints

The High Initial Costs of Smart Equipment and Accessories are Restricting the Market Growth

Energy-efficient lighting systems can save money in the long run, but they have a high initial cost because the equipment, integration, and installation services are costly. Dimmers, switches, sensors, control systems, and software are among the physical components of smart lighting systems. Therefore, the cost of installing smart lighting is higher than that of conventional lighting. The high cost of software, control systems, and LED light sources are necessary to implement smart lighting solutions add to the high installation charges, hampering the deployment of smart lighting control technologies. However, a decrease in LED prices and energy savings from installing energy-efficient lighting control systems are likely to mitigate the impact of this limitation shortly.

Impact of COVID-19

A significant impact of the COVID-19 has been felt in the country. There has been a restriction in the movement of goods and corresponding suspension of end-use verticals. Howevere market is likely to gain momentum in the upcoming years due to government initiatives such as Saudi Arabia's Vision 2030. Under Vision 2030, the KSA government targets OEMs to produce 300,000+ vehicles in KSA between 2020 and 2030. Significant investments in road infrastructure under Saudi Vision 2030, including a 680-kilometer Saudi-Oman highway and the UAE-Saudi Mafraq-Ghuwaifat International Highway, are also expected to contribute to market growth during the forecast period, as LED lights are widely used in automobiles and road infrastructure.

Saudi Arabia LED Packaging Market: By Power Range

Based on power range, the Saudi Arabia LED packaging market is segmented into low- & mid-power LED packages and high-power LED packages. The low-& mid-power LED packages accounted for the largest market share in 2020 and are likely to dominate the segment during the forecast period. The growth can be attributed to the wide application of low-&- mid-power-LED packages. Due to their dimness, low-power LEDs are commonly used as indicator lights. Low-power LEDs are also used to show when computers are on. High-efficiency mid-elasticity LEDs use a moderate amount of power while producing high brightness. These LEDs account for a significant share of the market and are used in various applications, including vehicle taillights and indoor and outdoor lighting fixtures. In addition, mid-power LED chip sizes as small as 2835, 3014, 5630, and 3020 are also available in the market. Each has its own advantages. Almost all E27 or E14 socket LED bulbs used at home have mid-power LEDs installed.

Source: BlueWeave Consulting

Saudi Arabia LED Packaging Market: By Packaging Material

Based on packaging material, Saudi Arabia LED packaging market is segmented into Plastic, Nanoceramics, Ceramics, Silicone Materials, Epoxy Molding Compound, Metal Alloys, Polymers, Glass Composites, and others. Among these, the ceramics segment is likely to witness the fastest CAGR during the forecast period. The packaging substrates are also changing as a result of the development of LED chip technology. Currently, ceramics are used in LED heat dissipation substrates. As heat conduction and heat dissipation material, ceramic substrates are known for their high alignment accuracy. Currently, they are the best heat dissipation technique for high-power LEDs. Many leading companies have implemented them in their products.

Saudi Arabia LED Packaging Market: By Application

Based on applications, the Saudi Arabia LED packaging market is segmented into automotive, residential, television, industrial, and others. Out of these, the residential segment held a significant market share in 2020 and is likely to dominate the market during the forecast period. With Vision 2030 and large investments in housing and infrastructure development promoted by local governments around the kingdom, Saudi Arabia is reviving its construction industry and attracting international investors.

Saudi Arabia LED Packaging Market: Competitive Landscape

The LED packaging market in Saudi Arabia is moderately fragmented due to the presence of limited domestic and international players. Additionally, the emergence of new players has resulted in healthier competition among long-established service providers in the industry. Some key players in Saudi Arabia LED packaging market are Al Nasser Group, Saudi LED Light, National Lighting Company, Technolight, Inara Company Limited, Noortek, Nardeen Lighting Company LLC, Huda Lighting, Philips Saudi Lighting Company, and other prominent players.

Recent Developments

• In July 2020, Al Nasser was granted an ESCO license. ESCO Licensing is a process in which a certified authority certifies a company's expertise. Al Nasser was also selected as one of the 50 licensed enterprises on the website of the ESCO.

• In March 2020, Al Nasser Company opened a new showroom in Khamis Mushait. The showroom offers products from Nplus and Sidra (lighting, switches, and video phones).

Scope of the Report

Attribute	Details
Years Considered	Historical data – 2017-2020
	Base Year – 2020
	Forecast – 2021 – 2027
Facts Covered	Revenue in USD Million
Product/Service Segmentation	By Package Type, By Power Range, By Wavelength, By Packaging Material, and By Application
Key Players	Al Nasser Group, Saudi LED Light, National Lighting Company, Technolight, Inara Company Limited, Noortek, Nardeen Lighting Company LLC, Huda Lighting, Philips Saudi Lighting Company.

 

By Package Type

• • • SMD (Surface Mount Device Package)

    • COB (Chip on Board Package)

    • CSP (Chip Scale Package)

    • Others

By Power Range

• • • Low- & Mid-Power Led Packages

    • High-Power Led Packages

By Wavelength

• • • Visible & Infrared

    • Deep UV

By Packaging Material

• • • Plastic

    • Nanoceramics

    • Ceramics

    • Silicone Materials

    • Epoxy Molding Compound

    • Metal Alloys

    • Polymers

    • Glass Composites

    • Others

By Application         

• • • Automotive

    • Residential

    • Television

    • Industrial

    • Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Primary & Secondary Research Application
      2. Secondary Research
      3. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Saudi Arabia LED Packaging Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Recent Development
   4. Technological Advancements
   5. Regulatory Framework
   6. Porter’s Five Forces Analysis
      1. Bargaining Application of Suppliers
      2. Bargaining Application of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Saudi Arabia LED Packaging Market Overview
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)        
   2. Market Share & Forecast
      1. By Package Type
         1. SMD (Surface Mount Device Package)
         2. COB (Chip On Board Package)
         3. CSP (Chip Scale Package)
         4. Others
      2. By Power Range
         1. Low- & Mid-Power LED Packages
         2. High-Power LED Packages
      3. By Wavelength
         1. Visible & Infrared
         2. Deep UV
      4. By Packaging Material
         1. Plastic
         2. Nanoceramics
         3. Ceramics
         4. Silicone Materials
         5. Epoxy Molding Compound
         6. Metal Alloys
         7. Polymers
         8. Glass Composites
         9. Others
      5. By Application         
         1. Automotive
         2. Residential
         3. Television
         4. Industrial
         5. Others
6. Competitive Landscape
   1. Company Market Share Analysis, 2020
   2. Competitive Benchmarking, By Product Offerings
   3. List of Key Players and their Offerings
7. Impact of COVID-19 across Industry
8. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
   1. Al Nasser Group
   2. Saudi LED Light
   3. National Lighting Company
   4. Technolight
   5. Inara Company Limited
   6. Noortek
   7. Nardeen Lighting Company LLC
   8. Huda Lighting
   9. Philips Saudi Lighting Company
   10. Other Prominent Players
9. Key Strategic Recommendations

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable.

 

List of Figures

 

Fig 1: Saudi Arabia LED Packaging Segmentation

Fig 2: Saudi Arabia LED Packaging Market Value Chain Analysis

Fig 3: Company Market Share Analysis, 2020

Fig 4: Saudi Arabia LED Packaging Market Size, By Value (USD Million), 2017-2027

Fig 5: Saudi Arabia LED Packaging Market Share, By Package Type, By Value, 2017-2027

Fig 6: Saudi Arabia LED Packaging Market Share, By Power Range, By Value, 2017-2027

Fig 7: Saudi Arabia LED Packaging Market Share, By Wavelength, By Value, 2017-2027

Fig 8: Saudi Arabia LED Packaging Market Share, By Packaging Material, By Value, 2017-2027

Fig 9: Saudi Arabia LED Packaging Market Share, By Application, By Value, 2017-2027

 

List of Tables

 

Table 1: Saudi Arabia LED Packaging Market Size, By Package Type, By Value, 2017-2027

Table 2: Saudi Arabia LED Packaging Market Size, By Power Range, By Value, 2017-2027

Table 3: Saudi Arabia LED Packaging Market Size, By Wavelength, By Value, 2017-2027

Table 4: Saudi Arabia LED Packaging Market Size, By Packaging Material, By Value, 2017-2027

Table 5: Saudi Arabia LED Packaging Market Size, By Application, By Value, 2017-2027

Table 6: Al Nasser Group Business Overview

Table 7: Al Nasser Group Financial Analysis

Table 8: Saudi LED Light Business Overview

Table 9: Saudi LED Light Financial Analysis

Table 10: National Lighting Company Business Overview

Table 11: National Lighting Company Financial Analysis

Table 12: Technolight Business Overview

Table 13: Technolight Financial Analysis

Table 14: Inara Company Limited Business Overview

Table 15: Inara Company Limited Financial Analysis

Table 16: Noortek Business Overview

Table 17: Noortek Financial Analysis

Table 18: Nardeen Lighting Company LLC Business Overview

Table 19: Nardeen Lighting Company LLC Financial Analysis

Table 20: Huda Lighting Business Overview

Table 21: Huda Lighting Financial Analysis

Table 22: Philips Saudi Lighting Company Business Overview

Table 23: Philips Saudi Lighting Company Financial Analysis