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.          

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.

An LED display driver is an IC (integrated circuit) offers the circuitry essential in order to interface common microprocessors or digital systems to LED display. Included on an LED display driver may be a multiplex scan circuitry, static display memory and high current segment and digit drivers for displays. Among these two applications, LED Display Driver and IC Market for the lighting applications are estimated to grow with a high CAGR during forecasted period. Display application holds for the largest share of overall LED driver IC market.
 
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.
 
The market for LED display driver and lighting IC market is driven by the rising demand for energy efficient displays and lighting solutions used in applications such as Liquid Crystal Display TV backlights and hybrid cars. Several initiatives are taken by government to phase out demand for radiant bulbs in lieu of power efficient lighting and high quality picture images, provided by LED have increased the usage of LED driver IC in a wide range of applications such as lighting and displays. Various government policies include promotion policies, labeling and certification programs, lighting programs and tax schemes. Countries such as the U.S., UK, Canada, New Zealand, Australia, Taiwan, Brazil, Japan, and Venezuela have taken several steps to replace luminescent bulbs with LED bulbs in order to save power and reduce green house gas emissions.
 
The LED display driver and lighting IC market is expected to witness double digit growth during the forecasted period. Asia-Pacific dominates the LED driver IC market owning to the presence of large numbers of manufacturing plants in countries such as China, Korea, Taiwan and others. LED driver IC market in Asia-Pacific is estimated to grow during forecasted period owning to reduction in costs and increase in consumption of LEDs for several applications in the region. The use of portable devices is increasing such as Smartphone and tablets in Asia-Pacific would also contribute to expected growth.
 
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.
 
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
Reasons for Buying this Report
 
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a technological growth map over time to understand the industry growth rate
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

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:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

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
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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