LED Backlighting Market Size is Anticipated to Experience Substantial Growth from 2016 to 2023

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LED Backlighting Market Size is Anticipated to
Experience Substantial Growth From 2016 to 2023
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Regional Analysis of LED Backlighting Market Size

• Asia Pacific LED backlighting market size is
  forecast to record significant growth from 2016
  to 2023.
• Emerging nations such as China and India are
  predicted to drive the global demand through
  2023. China is forecast to be one of the most
  attractive regions owing to the availability of a
  low cost labor and presence of abundant
  resources.
• Japan is expected to witness considerable growth
  prospects as the country is the manufacturing hub
  for various automobile manufacturers such as
  Honda, Toyota, Nissan, Mitsubishi, and Suzuki.

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Application Analysis of LED Backlighting Market

• Increasing implementation of these devices in
  aircrafts, artificial satellites, and
  spacecraft's is likely to present growth
  opportunities. It offers high reliability due to
  absence of hazardous materials such as lead or
  mercury.
• These products are now finding application in the
  advertisement industry for showcasing graphics as
  well as the logo of the company. In addition, it
  is also greatly used for mood lighting of space,
  thus helping in boosting visibility and
  converting casual viewers into customers.
• These devices have longer lifespan and produce
  even light without creating shadows. They also
  have the capability of fading and flashing at
  higher frequencies when compared to incandescent
  and fluorescent lights

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Competitive Market Share of LED Backlighting
Market

• Key participants comprising LED backlighting
  market share include Maxim Integrated, Linear
  Technology, NXP Semiconductors, Texas
  Instruments, and ON Semiconductor.
• Other prominent players in the industry are
  Analog Devices, Advanced Analogic Technologies,
  Austria Microsystems, Intersil, Infineon
  Technologies, iWatt, ROHM, Power Integrators,
  Semtech, Silicon Touch Technology, Supertex, and
  STMicroelectronics.

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