openPR Logo
Press release

LED Driver and Chipset Market key Insights Based On Product Type, End-use and Regional Demand Till 2021

11-28-2018 02:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MRRSE

Market Research Report Search Engine

Market Research Report Search Engine

The global LED Driver and Chipset market is expected to experience stable growth throughout the forecast period from 2015 to 2021. LED Drivers and Chipsets are transformers that are either fitted inside or outside the LED devices and converts high voltage alternating current to lower voltage direct current for proper functioning of LEDs. The Global LED Driver and Chipset Market is segmented on the basis of application and geography. By application, the LED Driver and Chipset market can be segmented into: display and lighting. By display, the LED Driver and Chipset market has been categorized into: mobile phones, digital camera, television and navigation devices, medical devices, computer/laptop peripherals and others. The others segment includes gaming devices, digital photo frames and MP3 players. The lighting segment is further segmented into: outdoor areas and traffic signals, automotives, indoor lighting and commercial lighting among others. In addition, a cross-sectional analysis has been provided with respect to all the above segments included in different geographical regions which include North America, Europe, Asia Pacific and Rest of the World (RoW).

Free | Request Sample Report Copy, Click here @ https://www.mrrse.com/sample/1326

Increasing demand for lighting and display appliances having an extended lifespan and less power consumption are the major factors responsible for the enormous use of LED devices which in turn is responsible for robust growth of LED Driver and chipset market. The average lifespan of a LED is 50000 hours and utilizes a fraction of energy as used by traditional display and lighting devices whereas an incandescent bulb lasts for 1200 hours and a CFL lasts for 8000 hours. Moreover, LEDs use less power (watt) per unit of light generated (lumen). Thus, the extended lifespan and less power consumption have boosted the demand of LEDs which in turn is driving the global LED driver and chipset market. In addition, different initiatives such as Green Paper "Lighting the Future" (COM(2011)889) has been taken by the government across different parts of the world such as the US, the UK, Canada, Australia, brazil, New Zealand, China, India and Japan to reduce the consumption of power by phasing out the demand for incandescent and CFL bulbs in lieu of high quality power efficient LEDs. This automatically increases the deployment and usage of LED drivers and Chipset.

However, lack of awareness about benefits associated with this new technology is restraining the growth of LEDs and restrains the users to switch from conventional display and lighting techniques to LEDs system. Moreover, even those who are aware of this new technology are changing their decision owing to high initial cost involved. In addition, proper functioning of LEDs largely depends on various conditions such as high temperature, incorrect polarity and inappropriate use of LED drivers and chipsets. This complex nature has discouraged consumers to switch to LED technology which in turn is restricting the growth of LED drivers and chipset market. In spite of these restraining factors, the LED Driver and Chipset market is expected to stand firm during the forecast period.

The report also provides a conclusive analysis of the global LED Driver and Chipset market and the expected market growth for the period 2015 to 2021. In addition, in depth study of different market segments and detailed analysis of the LED Driver and chipset market across overall application segments has been provided in the report. Moreover, various macro and micro economic factors influencing the market growth of LED Drivers and Chipsets are also highlighted in this report.

In 2014, among the different lighting applications, the outdoor lighting and traffic signal held the largest market share and is expected to witness a growth of double digit CAGR. However, the indoor lighting is expected to be the fastest growing market expanding at a CAGR of 26.0%. LED lights up very quickly and can reach full brightness in microseconds. Thus, it is most suitable for lighting purpose. Moreover, LEDs don't lose its brightness over time. Even if the LEDs dim over time, they never fail completely like HID sources. LEDs are needed to be replaced after they reach 30% lumen depreciation. These factors are responsible for wide use of LEDs for lighting purposes, which in turn affect the LED Driver and Chipset market positively. Bye different display segment, the medical devices held the largest market share in 2014. This segment's dominance is attributed to the increasing usage of LEDs used for lighting and display of devices used for teeth whitening, removal of wrinkle skin, endoscopy, stroboscopic and Computerized Tomography (CT scan)scan among others.

To know the latest trends and insights prevalent in this market, click the link below: https://www.mrrse.com/led-driver-chipset-market

In 2014, by geography, Asia pacific held the largest market share and is also expected to be the fastest growing market. Rising environmental concerns among the consumers regarding energy conservation coupled with increasing disposable income has fuelled the demand of power efficient LEDs used for lighting and display purposes. Moreover, initiative of government to promote LED lighting products has also boosted the demand of LED lighting. Owing to these factors, the LED Driver and Chipset market is expected to show an exponential growth during the forecast period.

Overall detailed analysis of the global LED Driver and Chipset market and the expected growth for the period 2015 to 2021, after considering various macro and micro economic factors influencing the demand is provided in this report.

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
S.
Canada
Mexico
Europe
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

Enquiry Now @ https://www.mrrse.com/enquiry/1326

About (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY – 12207(United State)
Telephone: +1-518-730-0559(USA & Canada Toll-Free)
Email: sales@mrrse.com
Website: https://www.mrrse.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release LED Driver and Chipset Market key Insights Based On Product Type, End-use and Regional Demand Till 2021 here

News-ID: 1405475 • Views:

More Releases from MRRSE

Sales of Digital Printing for Packaging Market Motivated with Rising Demand from Industrial Sector during Forecast Period 2019-2029
Sales of Digital Printing for Packaging Market Motivated with Rising Demand from …
A recent market study published by MRRSE, “Digital Printing for Packaging Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the digital printing for packaging market, the growth prospects of the market are obtained with maximum precision. Get Brochure of The Report @ https://www.mrrse.com/sample/3234 Chapter 01 – Executive Summary The
Biofuel Testing Services Market Insights Covering Market Dynamics and Competitive Scenario through 2027
Biofuel Testing Services Market Insights Covering Market Dynamics and Competitiv …
A recent market study published by MRRSE “Biofuel Testing Services Market: Global Industry Analysis 2013-2017 & Forecast 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the biofuel testing services market, the growth prospects of the market are obtained with maximum precision. Chapter 01 – Executive Summary The report commences with the executive summary of the
Potassium Formate Market Growth Influenced by Burgeoning Opportunities from Prime Applications
Potassium Formate Market Growth Influenced by Burgeoning Opportunities from Prim …
A research study published by MRRSE provides readers with a comprehensive outlook of the global potassium formate market, to precisely gauge its futuristic development. It assesses the potassium formate industry on the historical and current scenario, and also includes a forecast for 2019 through to 2027. The report is designed to help key stakeholders make business decisions pertaining to the potassium formate market with the help of key findings and
Sales of Lithium-ion Battery Market Motivated with Rising Demand from Industrial Sector during Forecast Period 2019-2027
Sales of Lithium-ion Battery Market Motivated with Rising Demand from Industrial …
MRRSE, in its recently published research report, brings forth actionable intelligence into the lithium-ion battery market. The business study is intended at equipping stakeholders in the lithium-ion battery market with distinguished insights, and help them in developing sustainable growth strategies for business advancement. This comprehensive research report provides an incisive outlook regarding the changing dynamics of the lithium-ion battery market, by identifying key drivers, restraints, opportunities, and threats. This study also

All 5 Releases


More Releases for LED

Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global LED Drivers Market 2017 Trends By Product(Buck-Boost LED Drivers, Multito …
Scope Of Global LED Drivers Market Research Report 2017 Global LED Drivers Market Report Based On Defination, Status and Forecast 2022 contains a market overview of the industry which talks about market Application, production, Consumption, revenue, Gross margin, sales volumes and figures, growth estimation in coming years, current industry leaders and their sales/revenue metrics. Request For Free Sample Report Here : https://www.reportsmonitor.com/request-sample/?post=489550 This report studies the global LED Drivers market, analyzes and
LED Flashlight Market 2017 - SureFire, LED Lenser, Pelican, NovaTac
Apex Research, recently published a detailed market research study focused on the "LED Flashlight Market" across the global, regional and country level. The report provides 360° analysis of "LED Flashlight Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LED Flashlight industry, and estimates the future trend of LED Flashlight market on
LED Light: 2017 Global LED Light Bulb Market Outlook
Orbis Research delivers key insights on the Global LED Light Bulb Market in a new report titled “Global LED Light Bulb Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022). Description The Global LED Light Bulb Market report offers a comprehensive evaluation of the Global LED