HB-LED Driver ICs Global Market Review & Forecast
Mar 28, 2011 ElectroniCast Consultants has announced the release of their 2011 market review and forecast of the global consumption of High Brightness Light Emitting Diodes (HB-LED) Driver Integrated Circuits (ICs). According to the study results, the global consumption value of HB-LED Driver ICs in selected lighting applications reached $1.21 billion in 2010, a 36% increase from 2009. The consumption value is forecast to increase to $4.77 billion in 2016.
The Asia Pacific region (APAC) led in global consumption with 48 percent in relative market share in 2010. The American region (South, Central and North America) is forecast to expand at the fastest pace to $1.615 billion in consumption value in the year 2017. The EMEA region (Europe, Middle East and Africa countries) held a 21 percent share of the worldwide HB-LED Driver IC consumption value last year in 2010. The consumption value of HB-LED Driver ICs in the EMEA region is forecast to increase to $1.46 billion in 2017.
Author: BIO T&T
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