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LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021LONDON, Dec. 1, 2015 /PRNewswire/ -- The global LED Driver and Chipset market is expected to experience stable growth throughout the forecast period from 2015 to 2021. LED Drivers and Chipsets are transformers that are either fitted inside or outside the LED devices and converts high voltage alternating current to lower voltage direct current for proper functioning of LEDs. The global LED Driver and Chipset market is segmented on the basis of application and geography. By application, the LED Driver and Chipset market can be segmented into: display and lighting. By display, the LED Driver and Chipset market has been categorized 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. The lighting segment is further segmented into: outdoor areas and traffic signals, automotives, indoor lighting and commercial lighting among others. In addition, a cross-sectional analysis has been provided with respect to all the above segments included in different geographical regions which include North America, Europe, Asia Pacific and Rest of the World (RoW). The report also provides a conclusive analysis of the global LED Driver and Chipset market and the expected market growth for the period 2015 to 2021. In addition, in depth study of different market segments and detailed analysis of the LED Driver and chipset market across overall application segments has been provided in the report. Moreover, various macro and micro economic factors influencing the market growth of LED Drivers and Chipsets are also highlighted in this report. In 2014, among the different lighting applications, the outdoor lighting and traffic signal held the largest market share and is expected to witness a growth of double digit CAGR. However, the indoor lighting is expected to be the fastest growing market expanding at a CAGR of 26.0%. LED lights up very quickly and can reach full brightness in microseconds. Thus, it is most suitable for lighting purpose. Moreover, LEDs don't lose its brightness over time. Even if the LEDs dim over time, they never fail completely like HID sources. LEDs are needed to be replaced after they reach 30% lumen depreciation. These factors are responsible for wide use of LEDs for lighting purposes, which in turn affect the LED Driver and Chipset market positively. Bye different display segment, the medical devices held the largest market share in 2014. This segment's dominance is attributed to the increasing usage of LEDs used for lighting and display of devices used for teeth whitening, removal of wrinkle skin, endoscopy, stroboscopic and Computerized Tomography (CT scan)scan among others. In 2014, by geography, Asia pacific held the largest market share and is also expected to be the fastest growing market. Rising environmental concerns among the consumers regarding energy conservation coupled with increasing disposable income has fuelled the demand of power efficient LEDs used for lighting and display purposes. Moreover, initiative of government to promote LED lighting products has also boosted the demand of LED lighting. Owing to these factors, the LED Driver and Chipset market is expected to show an exponential growth during the forecast period. Overall detailed analysis of the global LED Driver and Chipset market and the expected growth for the period 2015 to 2021, after considering various macro and micro economic factors influencing the demand is provided in this report. The market has been segmented as follows;- Global LED Driver Chipset Market: By Application/ Type Display Mobile Phones Digital Cameras Navigation and Gaming Devices Medical Devices Computers/Laptop Peripherals Others ( Digital Photo Frame, MP3 Players) Lighting Outdoor Area and Traffic Signals Automotive Lightings Industrial Lightings Commercial and Indoor Lightings Others Global LED Driver Chipset Market: By geography/ Country North America U.S. Canada Mexico Europe U.K. France Germany Italy Rest of Europe Asia Pacific India China Japan Rest of Asia Pacific Rest of the World Middle East Latin America Africa Download the full report: https://www.reportbuyer.com/product/3431579/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/led-driver-and-chipset-market---global-industry-analysis-trend-size-share-and-forecast-2015---2021-300186441.html SOURCE ReportBuyer |