LED Display Driver And Lighting IC Market Driving Factors and Current Pandemic Challenges Analysis 2024 – 2030

Global LED Display Driver and Lighting IC Market: Snapshot

The global market for LED display driver and lighting IC is witnessing a tremendous rise, thanks to the increasing adoption of energy efficient lighting systems in households as well as outdoor and traffic lightings. The declining prices and the increasing awareness among consumers regarding the benefits of LED lights have fueled their uptake across the world, which is boosting this market substantially.

In addition to this, the augmenting financial support of various governments, worldwide, is likely to add to this growth in the near future as several countries, such as India, which faces a low penetration of this technology. These government initiatives are also leading to increased level of awareness among masses, thereby contributing highly towards the growth of this market.

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LCD Driver IC & LED Display Driver IC Manufacturer from Vadodara

In terms of shipments, the global market is anticipated to grow manifolds over the next few years, leading to a significant rise in the market. However, the high cost associated with the initial setup may emerge as an obstacle for the steady growth of this market in the near future, as the current pricing in this market is mainly dependent on the manufacturing volume and the product penetration across various domestic markets.

An LED display driver is an IC (integrated circuit) offers the circuitry essential in order to interface common microprocessors or digital systems to LED display. Included on an LED display driver may be a multiplex scan circuitry, static display memory and high current segment and digit drivers for displays. Among these two applications, LED Display Driver and IC Market for the lighting applications are estimated to grow with a high CAGR during forecasted period. Display application holds for the largest share of overall LED driver IC market.
This market research report analyses the LED display driver and lighting IC market on the basis of its types, applications and geographies. There are different types of LED display drivers such as supply voltage, display mode, output current, number of digits, multiplexed display capability and packaging type. LED display drivers are found in a wide range of applications such as Industrial control indicators, Relay drivers, Digital clocks, Instrument panel meters, LED matrix displays, Professional audio equipment, Bar-graph displays, Medical equipment, Dot matrix displays and LED light supplies for smart phones among others.
The market for LED display driver and lighting IC market is driven by the rising demand for energy efficient displays and lighting solutions used in applications such as Liquid Crystal Display TV backlights and hybrid cars. Several initiatives are taken by government to phase out demand for radiant bulbs in lieu of power efficient lighting and high quality picture images, provided by LED have increased the usage of LED driver IC in a wide range of applications such as lighting and displays. Various government policies include promotion policies, labeling and certification programs, lighting programs and tax schemes. Countries such as the U.S., UK, Canada, New Zealand, Australia, Taiwan, Brazil, Japan, and Venezuela have taken several steps to replace luminescent bulbs with LED bulbs in order to save power and reduce green house gas emissions.
The LED display driver and lighting IC market is expected to witness double digit growth during the forecasted period. Asia-Pacific dominates the LED driver IC market owning to the presence of large numbers of manufacturing plants in countries such as China, Korea, Taiwan and others. LED driver IC market in Asia-Pacific is estimated to grow during forecasted period owning to reduction in costs and increase in consumption of LEDs for several applications in the region. The use of portable devices is increasing such as Smartphone and tablets in Asia-Pacific would also contribute to expected growth.
The global LED display driver and lighting IC market is highly fragmented due to presence of big industry players and as well as small companies that are based across the world. Few of the major players for this market include Texas Instruments, ON Semiconductor, National Semiconductor, NXP Semiconductors Nv, Maxim IC, Linear Technology, iWatt, Power Integrators, Infineon Technologies, Advanced Analogic Technologies, Intersil Corporation, Rohm, Silicon Touch Technology, ST Microelectronics, Supertex industries, Macroblock Inc., Austria Microsystems and Fairchild among others.
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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World
This report provides comprehensive analysis of 
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.