Global LED Backlight Display Driver ICs Market to Reach $2.3 Billion by 2024

SAN FRANCISCO, Aug. 11, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “LED Backlight Display Driver ICs – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: May 2021
Executive Pool: 2051
Companies: 42 – Players covered include ams AG; Analog Devices, Inc.; Dialog Semiconductor; Infineon Technologies AG; Macroblock, Inc.; Maxim Integrated Products, Inc.; NXP Semiconductors N.V. (The Netherlands); ON Semiconductor Corporation; Power Integrations, Inc.; Renesas Electronics Corporation (Japan); ROHM Semiconductor; Semtech Corporation; Silicon Touch Technology, Inc.; Skyworks Solutions, Inc.; STMicroelectronics N.V. (Switzerland); Texas Instruments, Inc.; Toshiba Electronic Devices & Storage Corporation and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Mobile Computing Devices, TVs, Automotive infotainment systems)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global LED Backlight Display Driver ICs Market to Reach $2.3 Billion by 2024
Since LCDs require illumination from a special light source or ambient light to produce visible images, all LCDs use backlights placed at the back of the display panel. Backlights are commonly used in small displays such as computer displays, LCD televisions, and smartphones to improve readability in low light conditions. LED backlighting is the most commonly used light source in small and economically priced LCD panels. LED backlight is classified into two types, namely RGB LED backlights and white LED backlights. White LEDs backlights are typically found in desktop screens, mobile LCD screens, and notebooks. As RGB LEDs deliver different color gamut to screens, they find application in high end color proofing displays like HP EliteBook notebooks and HP DreamColor LP2480zx monitor. LED backlights are extensively used in notebook computers as leading laptop manufacturers such as Sony, Apple, Asus, and Dell introduced LED-backlit notebooks. Most LCD TVs use edge-lit LED backlights to leverage benefits of low cost and thin construction.

LED backlighting dimming modes are broadly classified into local dimming and global dimming. Local dimming reduces the backlight of areas of the screen that needs to be dark while retaining brightness in bright areas of the screen. By increasing the contrast ratio, this technology creates a better image and also provides intense highlights with HDR content. To benefit from HDR content, manufacturers of premium LCDs incorporate full-array local dimming, which refers to array of individual LEDs placed behind LCD panel to produce high-quality images. Innovations in LCD technology such as the development of thinner and cheaper edge-lit TVs spurred advances in local dimming towards edge-lit methods. Due to cost and size restrictions of full-array local dimming, edge-lit local dimming has become prominent in edge-lit LCDs. In edge-lit local dimming, individual LEDs are placed along the edge facing towards center of the TV screen. In global dimming, the backlight functions as a single light wherein the entire image remains bright during bright scenes and gets darker during dark scenes. This type of dimming mode is common on less expensive LCD TVs. During the darker scenes, the LEDs are turned off completely and the entire backlight is reduced, resulting in energy saving benefits. However, this can be visually distracting due to visible fluctuations caused in overall brightness levels.

Amid the COVID-19 crisis, the global market for LED Backlight Display Driver ICs is projected to reach US$2.3 Billion by 2026, registering a compounded annual growth rate (CAGR) of 5.6% over the analysis period. China represents the largest regional market for LED Backlight Display Driver ICs, accounting for an estimated 30.3% share of the global total. The market is projected to reach US$762.1 Million by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 6.0% over the analysis period.

The market is witnessing healthy growth led by increasing adoption of these driver ICs in mobile computing devices, televisions and automotive infotainment devices. Increasing demand for smartphones, tablets and 2-in-1 notebooks is expected to provide a boisterous impetus to the growth of the market. Moreover, rising demand for high resolution picture quality and power-efficient displays fuels growth in the worldwide television market and this would accordingly spur demand for LED backlight DDICs. However, even with these growth drivers strongly in place, there are certain restraining factors which have been posing as major challenges for the LED backlight display driver ICs market lately. The increasing adoption of organic light-emitting diode (OLED) owing to their power and display benefits is one among them.

As regards to trends, chief among them has been the development of quantum dot (QD) display technology that is employed in LED-backlit LCDs to enhance luminance efficiency by about 30%-40% in LCD and LED televisions. QD-LED displays support large, flexible displays and have the potential not to degrade as OLEDs, thus making them preferable for flat-panel TV screens, mobile phones, digital cameras, and handheld game consoles. On the regional front, Japan, China, Taiwan and South Korea rank among the leading consumers of LED backlight DDICs. More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include – enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp

Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow Us on Twitter
https://twitter.com/marketbytes

Journalists & Media
Info411@strategyr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/global-led-backlight-display-driver-ics-market-to-reach-2-3-billion-by-2024–301351824.html