Global LED Driver IC Market for Display & Lighting Applications (2010 – 2015)

The Global LED driver IC market is estimated to grow from $1,119.0 million in 2010 to $4,424.0 million in 2015, at a CAGR of 31.6% from 2010 to 2015. 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 Display 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. However, the LED driver IC market for lighting applications is expected to grow with a higher CAGR of 46.5% from 2010 to 2015. Countries such as the U.S., Canada, UK, Australia, New Zealand, Japan, Taiwan, Brazil, and Venezuela have taken various steps to replace luminescent bulbs by LED bulbs in order to save power and reduce the green house gas emissions.

At present, Asia-Pacific (APAC) dominates the LED driver IC market, capturing 59.6% of the share in the overall market that is expected to grow at a CAGR of 32.5% from 2010 to 2015. This can be attributed to the factors such as low cost of IC, tax exemptions given by the governments, and presence of Original Equipment Manufacturers/Original Device Manufacturers (OEMs/ODMs).

The market of LED driver IC is highly fragmented and comprises big industry giants and small companies that are based in Asia-Pacific, Europe, and North America. Texas Instruments (U.S.), National Semiconductor (U.S.), ON Semiconductor (U.S.), NXP (The Netherlands), Linear Technology (U.S.), Maxim IC (U.S.), Power Integrators (U.S.), iWatt (U.S.), Macroblock (Taiwan), Fairchild (U.S.), Semtech (U.S.), and others that includes Supertex (U.S.), Austria Microsystems (Austria), Advanced Analogic Technologies (U.S.), Infineon Technologies (Germany), Intersil Corporation (U.S.), Rohm (Japan), Silicon Touch Technology (Taiwan), ST Microelectronics (Switzerland) are some of the key players in the LED driver IC market.