The advancement of electronic technology over the past 20 years has been astounding. A wide range of active display drivers are used in today’s electronic displays (a driver is basically a semiconductor integrated circuit). Due to the rising demand for LED lighting, low power electronic products, and touch-enabled screens in consumer electronics and devices, the LED driver IC market is one of the most rapidly expanding markets. Additionally, the market for LED driver ICs is expanding due to the rising adoption of energy-efficient lighting systems in homes as well as outdoor and traffic lighting. The global need for electronic gadgets and cost-effective lighting solutions are the main drivers of market expansion for LED driver IC.
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LED Driver IC Market: Drivers and Challenges
The primary drivers of the LED Driver IC market are the rising need for high power density electronics, the requirement for energy-efficient electronics, and the rise of numerous industrial applications. Additionally, the increased demand for energy-efficient lighting and high-quality images, as well as a number of government initiatives to outlaw obsolete halogen lights, would support the projected growth of the global LED driver IC market. Additionally, it is projected that increasing consumer electronics consumption will fuel the global growth of the LED driver IC market.
Due to the higher pricing and thicker device displays compared to other modules, the market for LED driver ICs faces considerable challenges. The market for LED driver ICs is expected to shrink and experience irregular growth rates since an LED driver IC requires more tracks than other types of modules. Global financial instability and macroeconomic conditions, such as changing currency exchange rates and economic problems, are additional factors limiting the growth of the LED driver IC industry.
Samsung Electronics Co., Ltd., LG Display Co., Ltd., Analog Devices, ON Semiconductor, Toshiba Corporation, Texas Instruments, Inc., Seiko Epson Corporation, SEOUL Semiconductors, Renesas Electronic Corporation, Western Digital, Mitsubishi Electric Corporation, and other producers of LED driver ICs are some of the major players in the global LED driver IC market.
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The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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LED Driver IC Market: Segmentation
The global LED driver IC market can be segmented as:
LED Driver IC Market Segmentation by Product Type:
- Buck-Boost LED Driver ICs
- Current Sink LED Driver ICs
- Inductorless (Charge Pump) LED Driver ICs
- Step-down (Buck) LED Driver ICs
LED Driver IC Market Segmentation by Application:
- Consumer Electronics
- IT & ITES
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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