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.
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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.
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.
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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.
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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.
- North America
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- Rest of the World
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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