Press release
Global LED Driver and Chipset Market to Expand at 23.20% CAGR from 2015 to 2021 thanks to Surging Demand for Efficient Power Solutions
On the basis of application, the LED driver and chipset market is bifurcated into lighting and display. The display segment presently dominates the overall market and is forecast to register a 23.0% CAGR from 2015 to 2021. This segment is fueled by the rising demand for superior picture quality. The lighting segment is projected to develop at a 24.10% CAGR during the forecast period, emerging as the most rapidly growing application segment.
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The global LED driver and chipset market is segmented on the basis of geography into Europe, North America, Asia Pacific, and Rest of the World. Asia Pacific dominates the overall market and is projected to expand at an impressive 23.40% CAGR from 2015 to 2021, emerging as the fastest growing regional market for LED drivers and chipsets. One of the most significant factors fueling the APAC market is the rapid growth of the overall LED market. The governments in countries such as Japan and China have taken many steps to replace conventional lighting in public and private settings and focus more on display technologies that can minimize carbon emissions. In addition, the rise in disposable incomes and the cost-effectiveness of LEDs have contributed to the surging demand for LED lighting. This in turn has fueled the Asia Pacific LED driver and chipset market. North America is the second largest market in terms of revenue and is driven by stringent government norms to reduce carbon emissions and the rising demand for efficient power solutions.
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Some of the prominent companies functioning in the global LED driver and chipset market are Texas Instruments, INC., Nxp Semiconductors NV, Stmicroelectronics N.V., Maxim Integrated Products, INC., Exar Corp., Infineon Technologies AG, Fairchild Semiconductor, Diodes, INC., Advanced Analogic Technologies, INC., and Freescale Semiconductor, INC. These players are profiled in the LED driver and chipset market report based on aspects such as company and financial overview, business strategies, and recent developments. A SWOT analysis sheds light on the strengths, weaknesses, opportunities, and threats of each company.
Global LED Driver Chipset Market: By Application
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
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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