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ElectroniCast Consultants Publishes High Brightness Light Emitting Diode Driver Integrated Circuits Market Forecast - According to ElectroniCast, the worldwide use of HB-LED Driver ICs is forecast to grow at 27% per year - ElectroniCastConsultants.com
ElectroniCast Consultants Publishes High Brightness Light Emitting Diode Driver Integrated Circuits Market Forecast

 

NewswireToday - /newswire/ - Aptos, CA, United States, 2013/02/19 - According to ElectroniCast, the worldwide use of HB-LED Driver ICs is forecast to grow at 27% per year - ElectroniCastConsultants.com.

   
 
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ElectroniCast Consultants, a leading market research consultancy, today announced the release of their 2013 market review and forecast of the worldwide use of High Brightness Light Emitting Diodes (HB-LED) Driver Integrated Circuits (ICs) in illumination. Values include LED Driver IC (packaged chip only).

According to ElectroniCast, the worldwide total consumption value of HB-LED Driver ICs reached $1.79 billion in 2012. During the 2012-2019 timeline, the consultancy forecasts that the consumption value will grow at an average annual rate of 27 percent to $9.59 billion in the year 2019. Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.

The light emitting diode (LED) market, despite exciting innovative devices driven by technological advances and ecological/energy-saving concerns, still face challenges in overcoming performance/price limitations and in attracting widespread consumption. The use of HB-LED Driver ICs in general lighting, as well as several other applications studied by ElectroniCast, is increasing. For example, in the general lighting application, the increase in consumption is initially driven from government-based retrofitting projects then to commercial/business and eventually to the consumer-level.

High Brightness (HB) LEDs face the challenge of creating definitive positions in the illumination market, as competing lighting solutions are readily available and generally accepted. While this does not limit the potential success of HB-LEDs, it does create some challenges. High Brightness (HB) LEDs, defined by ElectroniCast for the purpose of this study as component-level bulbs (packaged LEDs) with a lumens/Watt rating of 30 lm/W and above.

 
 
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ElectroniCast Consultants Publishes High Brightness Light Emitting Diode Driver Integrated Circuits Market Forecast

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Publisher Contact: Theresa Hosking - ElectroniCastConsultants.com 
831-708-2381 thosking[.]electronicastconsultants.com
 
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