Global LED Driver and Chipset Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of around XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Continuously increasing demand for energy leading to increasing carbon footprint is promoting the acceptance of energy-saving LED technology. This is driving the demand for LED driver and chipset. The LED technology finds extensive applications in lighting and display solutions. The LED drivers are essential components for augmenting the performance of LED lights. These factors are cooperatively driving the LED driver and chipset market. Furthermore, subsidy obtainable on LED devices by several governments is prompting consumers to replace conventional lighting with LED lighting solutions. This is boosting the LED driver and chipset market considerably.
However, high preliminary capital involved for setting up a facility for the production of LED drivers and chipsets may limit their adoption in the future, challenging the growth of this market. The absence of knowledge among consumers about the advantages of LED lighting over traditional lighting solutions is also expected to challenge the growth of the LED driver and chipset market to some extent.
Based on application, the LED drivers and chipsets are used in lighting solutions and for in displays integrated with several electronic devices. The wide demand for devices with displays is increasing an adoption of LED drivers and chipsets in the LED displays segment. Nowadays, displays are in massive demand because of the exponential consumption of mobile phones, television devices, sports arenas, medical devices, and billboards, amongst others.
The displays segment is expected to grow at a massive CAGR of XX % during the forecast period because of the abovementioned factors. Display makers are proactively opting for LEDs as they drastically decrease the maintenance costs and replacement costs, thereby allowing users to use the devices without any hassles or additional costs.
Globally, the Asia Pacific region held the largest share of XX% in the LED drivers and chipsets market, accounting for nearly 49.95 % in 2014 in terms of revenue. This contribution is estimated to climb up to 50% by the end of 2026. The severe fall in LED prices because of rising investments by companies in increased production facilities has resulted in the surge of the LED driver and chipset market in the Asia Pacific.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global LED driver and chipset market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global LED driver and chipset market.
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Global LED Driver and Chipset Market, By Application
o Mobile Phones
o Digital Cameras
o Navigation and Gaming Devices
o Medical Devices
o Computers/Laptop Peripherals
o Others ( Digital Photo Frame, MP3 Players)
o Outdoor Area and Traffic Signals
o Automotive Lightings
o Industrial Lightings
o Commercial and Indoor Lightings
Global LED Driver and Chipset Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global LED Driver and Chipset Market
• Advanced Analogic Technologies
• Texas Instruments, INC.
• Diodes, INC
• Exar Corp
• Nxp Semiconductors N.V.
• Stmicroelectronics N.V.
• Fairchild Semiconductor
• Freescale Semiconductor, INC
• Infineon Technologies AG
• Maxim Integrated Products
This Report Is Submitted By : Maximize Market Research Company
Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.