LED lighting comprises of several key components such as diffusers, heat-sink, LED drivers, LED array, LED chips, and optic lens. LED drivers control the input-current, heat-sink regulates the temperature of LED chip, and the lens regulates the luminous flux characteristics. The LED driver is a very important component as luminous flux is proportional to the current and has a strong influence on the service life of the LED. The heat sink removes heat inside the LED junction, improving the LED performance. Improper heat dissipation can reduce light output as well as cause color change at wavelength. Moreover, the diffuser distributes light from LEDs to the edge of the screen, eliminates hotspots and controls the light color.
Continuous technological development is likely to benefit the industry as LEDs are increasingly being used in household and industrial lighting fixtures rather than traditional lighting technologies. It is expected that environmental concerns will persist, which will lead to increased interest in LEDs as an energy efficient alternative for consumers and home builders.
As per analysis, “Global LED Lighting Development Tools Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the renowned companies operating in the LED lighting development tools market include Infineon Technologies, ON Semiconductor, Opulent, NXP Semiconductors, Maxim Integrated, AMS, Microchip Technology, Texas Instruments, Fairchild Semiconductor, STMicroelectronics and among others. The introduction of new technologies to provide customers with an improved product range is an important strategy adopted by companies doing business in this market.
Based on type, LED lighting development tools market can be bifurcated as design kits, actuators and development boards. Actuator is very significant component used in every type of actuation systems, and it helps to automate a variety of systems & processes in the manufacturing, transportation, agriculture, automotive, food, and medical industries. The increasing population is one another factor for rise in industrial automation. Additionally, development board is a small printed circuit board (PCB) that contains a microprocessor, microcontroller (or both) that provides the components & software needed for design & programming. Key components of development board include programming interface, basic input/output, power circuit, I/O pins and others. In addition, based on application, market can be bifurcated as networking, equipment and industrial.
The LED lighting development tools market is driven by rise in demand from automotive industry, followed by rapid industrialization & utilization of robotics and rise in demand from healthcare industry. Apart from this, increase in Issues of leakage in pneumatic & hydraulic actuators may impact the market. Moreover, growth of automotive cars and wider array of applications employing linear actuators are leading opportunities for market.
Based on geography, the Asia-Pacific is a leading region in global LED lighting development tools market owing to rapid industrialization & urbanization across the region. Countries such as China and Japan are recognized for their excellence in the manufacturing sector and are focused on growing their production & manufacturing capabilities by investing in the automation. The North-America and Europe regions are estimated to witness higher growth rate due to presence of key manufacturers over the forecast period.
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Ankur Gupta, Head Marketing & Communications