According to a new market report published by Transparency Market
Research “LED Driver and Chipset Market - Global Industry Analysis,
Trend, Size, Share and Forecast, 2015 - 2021”, the global LED
Driver and Chipset market was valued at US$2.80 bn in 2014 and is
expected to reach US$11.99 bn by 2021, growing at a CAGR of 23.2%
from 2015 to 2021.
Browse the full LED Driver and Chipset Market - Global Industry
Analysis, Trend, Size, Share and Forecast, 2015 – 2021 report at
http://www.transparencymarketresearch.com/led-driver-chipset-market.html
The global LED Driver and Chipset market is primarily driven by
increasing demand among the consumers for efficient power solution
both in terms of display and lighting. LEDs outperform the
traditional Cold Cathode Fluorescent Lamps (CCFLs) and Liquid Crystal
Displays (LCDs) in term of size, energy efficiency, reliability and
mechanical ruggedness both for displays and lighting applications.
LEDs generate 100% of the National Television System Committee (NTSC)
colors plus some extra colors in comparison with LCDs which generates
only 70-80% of the NTSC colors. In addition, the operating cost of
LEDs is low as compared to other lighting and display devices as LEDs
produce more lumen per watt. Thus, more consumers are inclining
towards the usage of LEDs which in turn is driving the growth of LED
drivers and chipset market. Moreover, increasing awareness among the
consumers regarding carbon footprints is also expected to fuel the
demand of eco friendly LED devices which in turn is expected to boost
the demand of LED Drivers and Chipsets offered by different LED
product’s manufacturers. LEDs result in less carbon dioxide and
Sulphur oxide emission (451 pound/ year) and help to keep the
environment pollution free. Moreover, LEDs produces 90% less heat
than incandescent and. CCFL bulbs.
led-driver-chipset-market
The LED Driver and Chipset market is segmented on the basis of
application and geography. The application segment is further
bifurcated into display and lighting. By display, LED Driver and
Chipset market is classified into: mobile phones, digital camera,
television and navigation devices, medical devices, computer/laptop
peripherals and others. Gaming devices, digital photo frames and MP3
players are included in the others segment. By lighting, the market
can be segmented into outdoor areas and traffic signals, automotives,
indoor lighting and commercial lighting among others. Geographically,
the LED Driver and Chipset market has been segmented into North
America, Europe, Asia-Pacific and Rest of the World (ROW).
Among the different applications, lighting segment was the fastest
growing market in 2014. The market is predicted to grow at a CAGR of
24.1% from 2015 to 2021 and accounted for 20.1% of the overall
revenue share of LED Driver and Chipset market. By geography, Asia
Pacific held the largest market share and is expected to be the
fastest growing market expanding at a CAGR of 23.4%. Asia Pacific is
mainly driven by China and Japan. The government in this region has
taken several steps to phase out the usage of conventional lighting
and display technology to reduce carbon footprints. This in turn is
expected to increases the sale of LED appliances and is predicted to
drive the growth of LED Driver and Chipset market during the forecast
period.
Advanced Analogic Technologies Inc, Diodes Inc, Exar Corp and Ixys
Corp among others are some of the major players operating in LED
Driver and Chipset market.
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The market has been segmented as follows;-
Global LED Driver Chipset Market: By Application/ Type
Display
Mobile Phones
Digital Cameras
Navigation and Gaming Devices
Medical Devices
Computers/Laptop Peripherals
Others ( Digital Photo Frame, MP3 Players)
Lighting
Outdoor Area and Traffic Signals
Automotive Lightings
Industrial Lightings
Commercial and Indoor Lightings
Others
Global LED Driver Chipset Market: By geography/ Country
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
Rest of the World
Middle East
Latin America
Africa
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