Market Overview:
The global LED driver ICs market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient lighting solutions and the growing adoption of LED lighting in various applications. The global LED driver ICs market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into boost, multi-channel, and others. The boost type segment is expected to hold a major share in the global LED driver ICs market during the forecast period owing to its ability to provide high efficiency and low power consumption.
Product Definition:
An LED driver IC is a chip that regulates the current going to an LED. This is important because LEDs require a specific amount of current in order to operate properly. A good LED driver IC will maintain the correct current even as the voltage input varies, which is important for applications where the power source might not be perfectly stable.
Boost:
The boost is a circuit that provides an alternative pathway for the electric current flow in absence of the main supply voltage to overcome situations where the input voltage is lower than or equal to a certain value and normal operation cannot be achieved. The boost can be used as an energy storage device when connected in series with other circuits.
In LED driver ICs, boosts are utilized as components that provide higher output voltages and currents for operating LEDs at low temperatures.
Multi-channel:
Multi-channel is a combination of more than two types of electronic circuits, which are used to transfer information over various channels. The most commonly used multi-channel components are diodes, transistors, and resistors. In LED driver ICs market the term “multi-channel” is mostly used for describing the combination of more than one type of electronic circuit that works on the principle of changing electrical signals into other appropriate forms using different frequencies or wavelengths.
Application Insights:
Based on the application, the market has been segmented into LED lighting, consumer electronics, industrial applications and others. The LED lighting segment dominated the global market in 2017 owing to increasing demand for energy-efficient and eco-friendly light sources. This is attributed to growing concerns over global warming caused by increased greenhouse gas emissions resulting from human activities such as vehicle usage and production of electricity.
The consumer electronics application segment is expected to witness significant growth over the forecast period due to rising demand for high performance drivers ICs that provide stable current output for LEDs used in flat panel television sets, LCD/LED monitors and digital appliances. Furthermore, these chips are also used in various other electronic products such as mobile phones/PDAs, portable media players & gaming consoles among others which are further anticipated to fuel product demand over the forecast period.
Regional Analysis:
The North American regional market dominated the global LED driver ICs industry in 2016 and accounted for over 35% of the total revenue share. The growth can be attributed to increasing adoption of LEDs in commercial applications such as signs, displays, and lighting. Moreover, presence of key players such as Maxim Integrated Products Inc.; Texas Instruments Inc.; and Silicon Lab Corporation has also contributed to market growth across this region.
Asia Pacific is expected to emerge as a lucrative regional market with a CAGR exceeding 10% from 2017 to 2030 owing to increasing demand for energy-efficient lighting solutions coupled with growing infrastructure development activities especially in India & China regions. Furthermore, rising disposable income levels among consumers are anticipated to fuel product adoption across this region which will further propel the industry expansion over next eight years time frame.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Proliferation of smart cities and the Internet of Things (IoT)
- Growing demand from automotive sector
- Emerging markets such as China and India
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Driver ICs Market Research Report
By Type
Boost, Multi-channel, Others
By Application
LED Lighting, Consumer Electronics, Others
By Companies
Texas Instruments, Analog Devices, Diodes Incorporated, STMicroelectronics, Monolithic power systems, Infineon, ON Semiconductor, Richtek, ISSI, Fitipower, Texas Instruments, LUXdrive
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global LED Driver ICs Market Report Segments:
The global LED Driver ICs market is segmented on the basis of:
Types
Boost, Multi-channel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
LED Lighting, Consumer Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Texas Instruments
- Analog Devices
- Diodes Incorporated
- STMicroelectronics
- Monolithic power systems
- Infineon
- ON Semiconductor
- Richtek
- ISSI
- Fitipower
- Texas Instruments
- LUXdrive
Highlights of The LED Driver ICs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Boost
- Multi-channel
- Others
- By Application:
- LED Lighting
- Consumer Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Driver ICs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED Driver ICs are integrated circuits that convert an electrical signal into light. LED Driver ICs can be found in a variety of devices, including televisions, computer monitors, and portable electronics.
Some of the major players in the led driver ics market are Texas Instruments, Analog Devices, Diodes Incorporated, STMicroelectronics, Monolithic power systems, Infineon, ON Semiconductor, Richtek, ISSI, Fitipower, Texas Instruments, LUXdrive.
The led driver ics market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Driver ICs Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 LED Driver ICs Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 LED Driver ICs Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the LED Driver ICs Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global LED Driver ICs Market Size & Forecast, 2020-2028 4.5.1 LED Driver ICs Market Size and Y-o-Y Growth 4.5.2 LED Driver ICs Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Boost
5.2.2 Multi-channel
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 LED Lighting
6.2.2 Consumer Electronics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Driver ICs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Driver ICs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Boost
9.6.2 Multi-channel
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 LED Lighting
9.10.2 Consumer Electronics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Boost
10.6.2 Multi-channel
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 LED Lighting
10.10.2 Consumer Electronics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Boost
11.6.2 Multi-channel
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 LED Lighting
11.10.2 Consumer Electronics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Boost
12.6.2 Multi-channel
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 LED Lighting
12.10.2 Consumer Electronics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Boost
13.6.2 Multi-channel
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 LED Lighting
13.10.2 Consumer Electronics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Driver ICs Market: Competitive Dashboard
14.2 Global LED Driver ICs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Texas Instruments
14.3.2 Analog Devices
14.3.3 Diodes Incorporated
14.3.4 STMicroelectronics
14.3.5 Monolithic power systems
14.3.6 Infineon
14.3.7 ON Semiconductor
14.3.8 Richtek
14.3.9 ISSI
14.3.10 Fitipower
14.3.11 Texas Instruments
14.3.12 LUXdrive