HB LED driver IC market to exceed $1.9 billion in 2011
The latest LED market report from Strategies Unlimited predicts strong growth in the driver IC market driven by general illumination, signs and displays, and automotive applications.
The $865 million market for driver ICs in 2006 was dominated by the maturing mobile phone application. In the 2007-2011 period, however, market growth will be driven by general illumination, signs and displays, and automotive applications, which will register a combined CAGR of 38%.
The total market for HB LED driver ICs is forecast to grow to more than $1.9 billion in 2011.
The report entitled "HB LED Driver IC Market Review and Forecast – 2007" provides analysis of the market for LED driver ICs by application and geographic region, as well as a detailed market forecast.
According to the report’s analysis, mobile applications, which accounted for 77% of the market in 2006, will grow at a CAGR of 7% in the forecast period, but by 2011 its share of the total market will decline to less than 50%. Among mobile appliances, LED driver ICs for laptop display backlight applications will see dramatic increases in revenue.
Automotive applications will be a key element of market growth, mainly due to the increasing penetration of LED headlamps, as well as the increasing use of LEDs in interior lighting. Another key aspect of market growth will be the use of driver ICs in single-color and full-color outdoor signs and in the emerging application of LED backlights for LCD TVs. Finally, lighting applications will constitute a major growth driver, as HB LEDs move from niche lighting applications into general illumination.
The semiconductor industry has the opportunity to participate in the market transformation of illumination technologies to more energy efficient HB-LEDs. The report offers an analysis of the size of this opportunity for HB LED driver ICs through 2011, with unit and revenue forecasts by application segments and sub-segments.
HB LED Driver IC Market Review and Forecast - 2007 is available for immediate delivery from Strategies Unlimited. More information on the report is available by contacting Tim Carli, Sales Manager, at +1 650-941-3438 ext. 23, or by e-mail at email@example.com.