Growing Need for Efficient Power Solutions Propels Global LED Driver and Chipset Market

LED Drivers and Chipset is the most important part of any LED device. These are small transformers that provide rated electricity to LED lights and displays to give their best performance. Moreover, LED Drivers and Chipsets convert higher voltage alternating current to lower voltage direct current which is required for proper functioning of LEDs. LEDs used for indoor lighting purposes generally contain internal drivers and chipsets.

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However, LEDs used for other purposes such as outdoor areas and larger displays have to be fitted with an external LED Drivers and Chipsets. The global LED Drivers and Chipset market is expected to experience an exponential growth throughout the forecast period. The Led Driver and Chipset market is segmented on the basis of application and geography. By application the LED Driver and Chipset market has been segmented into display and Lighting. The Display segment is further segmented into mobile phones, digital camera, television and navigation devices, medical devices, computer/laptop peripherals and others. The others segment includes gaming devices, digital photo frames and MP3 players. By application, LED driver chipset market has been segmented into outdoor areas and traffic signals, automotives, indoor lighting and commercial lighting among others.

Moreover, cross sectional analysis of the different application segments with respect to different geographical region such as North America, Europe, Asia Pacific and Rest of the World (RoW) is provided in this report.

This report focuses on the present market trend of the global LED Driver and Chipset market, and also forecasts are provided from 2015 to 2021. The drivers and the restraints that are expected to affect the demand of LED Drivers and Chipsets is also provided in the report. In addition, various macro and micro economic factors influencing the market growth of LED Drivers and Chipsets are also highlighted in this report.

In the global LED Driver and Chipset market, the display segment held the largest market share in 2014 and is expected to grow at a CAGR of 23.0% during the forecast period from 2015 to 2021. Increasing demand of superior picture quality in terms of color intensity and realistic color has boosted the use of LEDs for display purpose. This in turn is driving the LED Driver and Chipset market globally.

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Asia Pacific is the largest market for LED Driver and Chipset market globally in 2014. Tax exemption given by government on purchase of energy saving LED devices that leads to low cost of LEDs, is the primary factor accelerating the demands of LEDs in this region. This in turn is expected to fuel the growth of LED Driver and Chipset market. Moreover, increasing awareness about the cost effectiveness of LEDs coupled with rising disposable income in countries such as India, China and Japan is also expected to boost the market growth of LED Driver and Chipset market. North America is the second largest market for LED driver chipset in terms of global revenue. In North America, increasing demand for efficient power solution and stringent government regulations for reducing carbon emission are the most important factors driving the LED Driver and Chipset market.

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