LED Driver IC Market Size to Reach USD 16.05 Billion by 2032, Driven by Rising Demand for Energy-Efficient Lighting Solutions | Research by S&S Insider
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The LED Driver IC market is projected to reach USD 16.05 billion by 2032, driven by the demand for energy-efficient lighting solutions, smart city expansion, and increased use in automotive and residential sectors.
November 08, 2024 | 2:45 pm
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Alpha and Omega Semiconductor (AOSL) could benefit from the projected growth in the LED Driver IC market, expected to reach USD 16.05 billion by 2032, due to increased demand for energy-efficient lighting solutions.
AOSL, being a player in the semiconductor industry, is likely to benefit from the growth in the LED Driver IC market. The market's expansion is driven by the demand for energy-efficient lighting, which aligns with AOSL's product offerings.
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