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LED Display Driver And Lighting IC Market - Opportunity Analysis and Industry Forecast, 2013-2019

03-07-2018 09:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
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.

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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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About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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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