Technavio has added released a new market research report on the global LED backlight DDICs market, which is expected to decline at a CAGR of 8% between 2016 and 2020. Decline in LED backlighting market due to growing preference for OLED, is affecting the growth of LED backlight DDICs market. APAC leads the global LED backlight DDICs market, occupying around 86% of the overall market share. The presence of prominent automotive infotainment manufacturers in APAC makes the region a leader in the global LED backlight DDICs market. With the rising demand for high picture quality and improved efficiency systems, LED backlight DDICs are employed in the backlighting unit (BLU) of consumer electronics and mobile computing devices.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Growing automation and infotainment in automobiles have augmented the usage of LED backlight panels for efficient display. LED backlight DDICs are adopted in display devices such as GPS, instrument clusters, rear-seat entertainment, radio head unit, and TV tuner system, to ensure automobile safety. Major automakers including Honda, Hyundai, Daimler and Mercedes-Benz making huge R&D investments in connected cars, which have unique safety and display features,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research.
LED backlight DDICs have unique features such as power-factor correction, smooth dimming, long life, and reduced maintenance costs by as much as 90%. The integrated LED power management solutions by the DDICs provide high picture quality in the smallest PCB area with greater efficiency and at the lowest cost. LED backlights in vehicles enable better design flexibility and allows dimming by varying the intensity or speed of the light.
The major players in the global LED backlight DDICs market include Linear Technology, Maxim Integrated, NXP Semiconductors, ON Semiconductor, and Texas Instruments. This market is highly competitive, where vendors constantly contend on offering lowest prices. The competition is expected to intensify due to existing price wars arising from continuously declining LED prices.
A more detailed analysis is available in the Technavio report, Global LED Backlight DDICs Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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