Global revenues for LED driver ICs used in general lighting applications will more than triple from 2012 to 2015, as the market for solid-state illumination booms, according to IMS Research.
The market governing LED driver ICs for lighting will surge to US$666 million in 2015, up from US$214 million in 2012, said IMS. Growth will moderate somewhat during the following years, but revenues are expected to continue to expand, reaching US$810 million in 2018.