Global LED Driver and Chipset Market to Expand at 23.20% CAGR from 2015 to 2021 thanks to Surging Demand for Efficient Power Solutions
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 https://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.
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
- Mobile Phones
- Digital Cameras
- Navigation and Gaming Devices
- Medical Devices
- Computers/Laptop Peripherals
- Others ( Digital Photo Frame, MP3 Players)
- Outdoor Area and Traffic Signals
- Automotive Lightings
- Industrial Lightings
- Commercial and Indoor Lightings
Global LED Driver Chipset Market: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
- Middle East
- Latin America
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.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC