The region hosts many large consumer electronics and mobile computing device manufacturers, including prominent OEMs and ODMs such as Xiaomi, Samsung, LG, HTC, ZTE, Huawei, Lenovo, Acer, ASUS, and Sony. With the rising demand for high picture quality and improved efficiency systems, LED backlight DDICs are employed in the BLU of these devices.
The demand for LED backlight DDICs in developing countries is expected to drive the global market. The smartphone market in China and India is the largest in the world and is expected to drive sales of connected devices after the rollout of long-term evolution (LTE) and the ongoing trend of the Internet of Things (IoT).
“China is quickly emerging as a leading hub for LCD display manufacturers. The rising number of display device manufacturers in the country is mainly attributed to the availability of abundant resources and low-cost labor. The growing disposable income of people in APAC countries, along with the declining end-product prices, have increased the demand for such devices in the domestic market. The overall demand for consumer electronics in this region indirectly support the demand for LED backlight DDICs,” said Asif.
The presence of prominent automotive infotainment manufacturers in APAC makes the region a leader in the global LED backlight DDICs market. Companies such as Alpine, Denso, Fijitsu, Panasonic, and Pioneer manufacture automotive infotainment systems such as navigation systems and other in-vehicle entertainment devices, which incorporate LED backlight DDICs in their BLU.
According to this study, over the next five years the LED Backlight Display Driver Ics market will register a 5.6% CAGR in terms of revenue, the global market size will reach US$ 2290 million by 2024, from US$ 1740 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in LED Backlight Display Driver Ics business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of LED Backlight Display Driver Ics market by product type, application, key manufacturers and key regions and countries.
This study considers the LED Backlight Display Driver Ics value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Mobile Computing Devices
Automotive infotainment systems
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Advanced Analogic Technologies
Silicon Touch Technology
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global LED Backlight Display Driver Ics consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of LED Backlight Display Driver Ics market by identifying its various subsegments.
Focuses on the key global LED Backlight Display Driver Ics manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the LED Backlight Display Driver Ics with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of LED Backlight Display Driver Ics submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.