01 Mar 2016 09:03:15
China And Japan- Largest User of LED which Maximizes the Market of LED Driver and Chipset
LED Drivers and Chipsets are transformers that are either fitted inside or outside the LED devices and converts high voltage alternating current to lower voltage direct current for proper functioning of LEDs. The Market value of Global LED Driver and Chipset was US$2.80 bn in 2014 and is expected to reach US$11.99 bn by 2021, growing at a CAGR of 23.2% from 2015 to 2021.
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The global LED Driver and Chipset market is primarily driven by increasing demand among the consumers for efficient power solution both in terms of display and lighting. LEDs outperform the traditional Cold Cathode Fluorescent Lamps (CCFLs) and Liquid Crystal Displays (LCDs) in term of size, energy efficiency, reliability and mechanical ruggedness both for displays and lighting applications. LEDs generate 100% of the National Television System Committee (NTSC) colors plus some extra colors in comparison with LCDs which generates only 70-80% of the NTSC colors. In addition, the operating cost of LEDs is low as compared to other lighting and display devices as LEDs produce more lumen per watt. Thus, more consumers are inclining towards the usage of LEDs which in turn is driving the growth of LED drivers and chipset market. Moreover, increasing awareness among the consumers regarding carbon footprints is also expected to fuel the demand of eco friendly LED devices which in turn is expected to boost the demand of LED Drivers and Chipsets offered by different LED product’s manufacturers. LEDs result in less carbon dioxide and Sulphur oxide emission (451 pound/ year) and help to keep the environment pollution free. Moreover, LEDs produces 90% less heat than incandescent and. CCFL bulbs.
Global LED Driver Chipset Market: By Application/ Type:
> 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
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Among the different applications/types, lighting segment was the fastest growing market in 2014. The market is predicted to grow at a CAGR of 24.1% from 2015 to 2021 and accounted for 20.1% of the overall revenue share of LED Driver and Chipset market.
The government of China and Japan has taken several steps to phase out the usage of conventional lighting and display technology to reduce carbon footprints. This in turn is expected to increases the sale of LED appliances and is predicted to drive the growth of LED Driver and Chipset market during the forecast period.
Some Major Companies Driving the Market of LED Driver and Chipset:
> Advanced Analogic Technologies Inc
> Diodes Inc
> Exar Corp
> Ixys Cor