ElectroniCast releases market forecast for HB-LED driver ICs
Upper Lake, CA (USA) -- ElectroniCast Consultants, a leading market research consultancy, today announced the release of their 2011 market review and forecast of the global consumption of High Brightness Light Emitting Diodes (HB-LED) Driver Integrated Circuits (ICs).
According to the study results, the global consumption value of HB-LED Driver ICs in selected lighting applications reached $1.21 billion in 2010, a 36% increase from 2009. The consumption value is forecast to increase to $4.77 billion in 2016. See Data Figure
The global HB-LED Driver IC consumption value in 2010 was $1.21 billion, up from $891.62 million in 2009. During the 2010-2017 timeline, ElectroniCast predicts the consumption (use) value will grow at an average annual rate of nearly 22%. “The Asia Pacific region (APAC) led in global consumption with 48 percent in relative market share in 2010,” said Stephen Montgomery, president of International Business at ElectroniCast.
“The American region (South, Central and North America) is forecast to expand at the fastest pace to $1.615 billion in consumption value in the year 2017 (see Data Table). The EMEA region (Europe, Middle East and Africa countries) held a 21 percent share of the worldwide HB-LED Driver IC consumption value last year in 2010. The consumption value of HB-LED Driver ICs in the EMEA region is forecast to increase to $1.46 billion in 2017,” Montgomery concluded.
This market forecast report is available immediately, at a fee of $4,200, from ElectroniCast Consultants. For detailed information on this or other services provided by ElectroniCast, please contact Theresa Hosking, Marketing/Sales; email@example.com
ElectroniCast Consultants – www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.
Theresa Hosking VP Marketing and Sales ElectroniCast Consultants 9959 Old Orchard Lane Upper Lake, CA 95485 USA 707-27509397