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New Report Analyzes LED and LED Driver IC Markets

The growth of the Light Emitting Diode (LED) and LED driver Integrated Circuit (IC) markets in the Asia-Pacific region is attributed to the large number of manufacturing plants in the region's countries, including China, Taiwan and Korea. It is also attributed to the increasing demand for energy-efficient displays and lighting solutions in applications such as Liquid Crystal Display (LCD) TV backlights and hybrid cars. The LED and LED driver IC market in Asia-Pacific is expected to grow from 2012 to 2016 due to the reduction of costs and an increase in the consumption of LEDs for different applications in the region. The increasing use of portable devices such as tablets and smartphones in Asia-Pacific will contribute to the expected growth.

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