MRRSE LED Driver and Chipset Market : Facts, Figures and | Page 3

Increasing demand for lighting and display appliances having an
extended lifespan and less power consumption are the major factors
responsible for the enormous use of LED devices which in turn is
responsible for robust growth of LED Driver and chipset market. The
average lifespan of a LED is 50000 hours and utilizes a fraction of
energy as used by traditional display and lighting devices whereas an
incandescent bulb lasts for 1200 hours and a CFL lasts for 8000 hours.
Moreover, LEDs use less power (watt) per unit of light generated
(lumen). Thus, the extended lifespan and less power consumption
have boosted the demand of LEDs which in turn is driving the global
LED driver and chipset market. In addition, different initiatives such as
Green Paper "Lighting the Future" (COM(2011)889) has been taken by
the government across different parts of the world such as the US, the