In the News, a US$2.4 Billion Opportunity for LED Backlight Display Driver ICs!
The global LED Backlight Display Driver ICs market is projected to reach US$2.4 billion by 2025, driven by the growing importance and demand for portable consumer electronics such as smartphones, tablets, cameras, notebook PCs , computer monitors and TVs, among others.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global LED Backlight Display Driver ICs market. End-Use segmentation of the report includes Mobile Computing Devices, TVs, Automotive infotainment systems.
10 June 9:05 A.M., California/Marketwire/ - According to the new market research report, the global LED Backlight Display Driver ICs market is projected to reach US$2.4 billion by 2025, driven by the growing importance and demand for portable consumer electronics such as smartphones, tablets, cameras, notebook PCs , computer monitors and TVs, among others. The LED Backlight Display Driver ICs market is expected to decline in the year 2020 before recovering to reach a revised market size and reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
The era of digitalization brought to fore the importance of digital displays and their screen resolution. Screen size and screen resolution are important for consumers, given that digital displays are the primary Human-Machine Interface that allows a user to interact with a device. With the emergence of smart wearables like smartwatches, quality and visual performance of displays have taken an even more important turn. In this regard, LED backlighting is immensely benefiting given that screens lit by LEDs provides more brightness and illumination, saves power, offers better color visualization, generate less heat (an important benefit in laptops and smartphones) ; compatibility with screens with glossy or matte finish; and higher lifespan and durability. Also LED lit screens are "mercury-free" LED backlighting is also suitable for the emerging new generation of thinner devices with even thinner display screens. Backlights help brighten the screen and therefore enhance readability even in sunlight. Against the backdrop of growing image demands in the consumer electronics space, device manufacturers are placing special focus on the display quality of their devices. Poised to benefit, against this backdrop are LED Backlight Display Driver ICs.
The automotive industry especially stands out as a key application area where the growing value of interactive driving experiences creates the need for safer and brighter in-vehicle infotainment displays. Benefits of LED backlighting in automotive displays include small size & form factor; extremely long life upto 100k+ hours; drains less power from the automotive bus; enhanced dimming capability across ratios ranging from 1,000:1 to as high as 30,000:1.; white LED backlights are precise & more adjustable; low heat dispersion & reduced need for expensive heat sinking.
Key Competitors Covered in the Report
Analog Devices Inc.
Infineon Technologies AG
Maxim Integrated Products Inc.
NXP Semiconductors N.V. (The Netherlands)
ON Semiconductor Corporation
Power Integrations Inc.
Renesas Electronics Corporation (Japan)
Silicon Touch Technology Inc.
Skyworks Solutions Inc.
STMicroelectronics N.V. (Switzerland)
Texas Instruments Inc.
Toshiba Electronic Devices & Storage Corporation
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK and Rest of Europe)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 2051. Among this pool, 369 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 62 unique participations, a total of 28 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.