An
LED driver is a device built to regulate and control the power of
LEDs. The typical LED driver is a response unit that modulates power
as per the requirements of the LEDs. The driver thus provides
consistent and recommended power to an LED unit, which is needed as
LEDs begin to undergo a change in their properties due to an increase
in temperature. The LED driver itself is a power supply with outputs
that are set into an LED circuit or chipset. Because of this, the LED
driver can easily maintain the power level that the LED receives. In
the absence of an LED driver and chipset, the LEDs in a circuit have
the tendency to become unstable and overheat, resulting in
sub-standard performance or even failure.
The
global LED driver and chipset market is exhibiting a substantial CAGR
of 23.20% between 2015 and 2021. As a result of this massive growth
rate, the global LED driver and chipset market, which was recorded at
the end of 2014 at US$2.8 bn, will be valued at US$11.9 bn by the end
of 2021.The major companies in the global LED driver and chipset
market are Ixys Corp., Diodes, Inc., and Advanced Analogic
Technologies, Inc.
Power
Efficiency Needs Drive Global LED
Driver and Chipset Market
The
primary growth driver identified for the global LED driver and
chipset market is the growing need for efficient power solutions for
the segments of lighting and display. The LEDs of today outperform
any of the older lighting devices, including liquid crystal displays
and cold cathode fluorescent lamps. LEDs are better than other
existing lighting technologies in terms of durability, reliability,
efficiency of energy generation, and portability. This holds true for
lighting applications as well as displays. Other driving factors for
the global LED driver and chipset market is the lower cost of
installing LEDs as compared to other lighting and display devices.
Other
advantages that LEDs possess over other lighting systems is their
ability to generate 100% of the color scheme dictated by the National
Television System Committee and some extra colors as well. LCDs, the
closest rival to LEDs, only generate 70-80% of the NTSC colors. LEDs
also generate a higher lumen per watt in comparison to other lighting
devices. Another major advantage of using LEDs is the eco-friendly
nature of the global LED driver and chipset market, where minimal
materials are required to build, which can be easily reused or
recycled later. The currently growing number of consumers that are
increasingly aware of their own carbon footprint are beginning to
prefer the global LED driver and chipset market.
Lighting
Leads Global LED Driver and Chipset Market
In
terms of the various applications of the global LED driver and
chipset market, lighting held the largest share in the market in
2014. This segment is expected to show a 24.10% CAGR from 2015 to
2021; the segment occupied 20.1% of the global LED driver and chipset
market. In terms of geography, the global LED driver and chipset
market was led by Asia Pacific, a region progressing at a 23.40% CAGR
for the period from 2015 to 2021.With China and Japan playing a major
role in the global LED driver and chipset market, Asia Pacific is
expected to remain on top of the global LED driver and chipset market
for the time being.
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