HOME › Press Releases › MarketsandMarkets: Global LED Driver IC Market worth $4,424.0 Million by 2015
MarketsandMarkets: Global LED Driver IC Market worth $4,424.0 Million by 2015
According to a new market research report, ‘Global LED Driver IC Market for Display & Lighting Applications (2010 – 2015)’, published by MarketsandMarkets (www.marketsandmarkets.com), the total global LED Driver IC market is expected to be worth $4,424.0 million by 2015, out of which the display application accounted for the largest share; i.e. 80% of the overall the LED driver IC market. The overall market is expected to record a CAGR of 31.6% from 2010 to 2015.
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Initiatives taken by the government to phase out demand for incandescent bulbs in lieu of high quality picture images, power efficient lighting offered by LED have increased the deployment and usage of LED driver IC in a range of applications such as displays and lighting.
Amongst these two applications, the LED driver IC market for lighting applications is expected to grow with a relatively high CAGR of 46.5% from 2010 to 2015. Display application accounted for the largest share; i.e. 80% of the overall the LED Display Driver IC Market generating $895.2 million in 2010 and is expected to generate $2,914.0 million in 2015 with a CAGR of 26.6% for the same period.
The global LED driver IC market has been segmented into four geographies: North America, Europe, Asia-Pacific (APAC), and ROW (Rest of World). Out of these four regions, APAC contributes the maximum towards the LED driver IC market. This is mainly due to the low manufacturing cost, presence of OEMs/ODMs, and tax exemptions such as exemption from corporate income tax for foreign semiconductor producers whose business terms are over ten years.
Scope of the report
This report analyzes the LED Display Driver IC Market is based on:
- Display and lighting.
- North America, Europe, Asia-Pacific (APAC), and ROW (Rest of World).
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the smart home applications in North America, Europe, Asia-Pacific (APAC), and ROW (Rest of World). The report draws the competitive landscape of the global LED driver IC market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors.
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