LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use Of LED Drivers And Chipsets

Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver and chipset market from US$2.8 bn in 2014 to US$11.9 bn in 2021. The rising awareness among consumers about reducing the overall carbon footprint and the replacement of conventional fluorescent lamps with LED lamps is also likely to boost the LED driver and chipset market in the coming years.

Browse the full LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast, 2015 – 2021 report at http://www.transparencymarketresearch.com/led-driver-chipset-market.html


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.

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.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.