LED adoption pushes driver IC changes and growth

June 28, 2011 — As light-emitting diode (LED) adoption continues to grow, LED driver ICs face pressure from increased IC integration, driver-less AC-LEDs and other technologies, and falling prices. However, the driver IC unit can bring performance and power enhancements that consumers want for LED lighting adoption.

LED driver IC sales are seeing >10% compound annual growth, with a rise from nearly $2 billion in 2010 to nearly $3.5 billion in 2015 (12% CAGR), says market research group Strategies Unlimited. The driver is the entire LED circuit, including the driver IC but excluding the LEDs.  As edge-lit TV and monitor sales grow, LCD backlight LEDs will dominate. The production value of drivers for lighting will see strong 40% compound annual growth through 2015.  

The promise of an LED lighting boon is still on the horizon, and Strategies Unlimited expects replacement bulbs to eat into the incandescent bulbs


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.