MarketsandMarkets: Global LED Driver IC Market worth $4,424.0 Million by 2015

June 9, 2011

DALLAS, June 9, 2011 /PRNewswire/ — According to a new market research
report, ‘Global LED Driver IC Market for Display & Lighting Applications
(2010 – 2015)’, published by MarketsandMarkets
(http://www.marketsandmarkets.com), the total global LED Driver IC market is
expected to be worth $4,424.0 million by 2015, out of which the display
application accounted for the largest share; i.e. 80% of the overall the LED
driver IC market. The overall market is expected to record a CAGR of 31.6%
from 2010 to 2015.

Browse 114 market tables and in-depth TOC on Global LED Driver IC Market
for Display & Lighting Applications (2010 – 2015)
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Initiatives taken by the government to phase out demand for incandescent
bulbs in lieu of high quality picture images, power efficient lighting
offered by LED have increased the deployment and usage of LED driver IC in a
range of applications such as displays and lighting.

Amongst these two applications, the LED driver IC market for lighting
applications is expected to grow with a relatively high CAGR of 46.5% from
2010 to 2015. Display application accounted for the largest share; i.e. 80%
of the overall the LED driver IC market generating $895.2 million in 2010 and
is expected to generate $2,914.0 million in 2015 with a CAGR of 26.6% for the
same period.

The global LED driver IC market has been segmented into four geographies:
North America, Europe, Asia-Pacific (APAC), and ROW (Rest of World). Out of
these four regions, APAC contributes the maximum towards the LED driver IC
market. This is mainly due to the low manufacturing cost, presence of
OEMs/ODMs, and tax exemptions such as exemption from corporate income tax for
foreign semiconductor producers whose business terms are over ten years.

    Scope of the report
    This report analyzes the Global LED Driver IC Market is based on:
    Application market:
    - Display and lighting.
    Geographical market:
    - North America, Europe, Asia-Pacific (APAC), and ROW (Rest of World).

In addition to market sizes and forecasts, the report also provides a
detailed analysis of the market trends and factors influencing market growth,
offering in-depth geographic analyses of the smart home applications in North
, Europe, Asia-Pacific (APAC), and ROW (Rest of World). The report
draws the competitive landscape of the global LED driver IC market, providing
an in-depth comparative analysis of the technological and marketing
strategies the key players are adopting in order to gain an edge over the
their competitors.

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SOURCE MarketsandMarkets

Source: newswire

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