LED Backlight Driver Market Segmentation:
Type (Constant Current LED Drivers, Constant Voltage LED Drivers, Others)
The constant current LED drivers segment is estimated to hold LED backlight driver market share of over 40.3% by the end of 2035. The demand for constant current LED drivers rises as sectors including consumer electronics, automotive, and ambient lighting place a greater emphasis on high-quality and energy-efficient lighting solutions. In March 2023, Cree LED unveiled the J Series 5050C, an E-Class LED that achieves 228 lumens per watt (LPW) at 70 CRI, 4000K, and 1W, the highest efficacy in the industry for high-power LEDs. These cutting-edge LEDs may produce up to three times as much light as rival 5050 LEDs while yet being just as effective. The reason constant current LED drivers are so popular is that they maintain a steady forward current regardless of changes in the input voltage.
Application (Consumer Electronics, Automotive, Industrial, Signage, Others)
The consumer electronics segment in LED backlight driver market is likely to hold a significant share by the end of 2035 due to the growing use of TVs and smartphones across the globe and the high usage of advanced LED backlight drivers in modern electronics. The increasing need for energy-efficient lighting in the consumer electronics sector has encouraged users to switch to LED lighting. As solid-state lighting (SSL) requires no upkeep and can provide steady brightness effectively, it offers a strong value proposition and return on investment. This led to the replacement of traditional light sources by LED illumination, including incandescent light bulbs and compact fluorescent lamps (CFLs).
Our in-depth analysis of the market includes the following segments
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