Market Overview:
The global LED driver market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions, growing awareness about the benefits of LED lights, and rising demand for LED drivers in automotive and consumer electronics applications. The global LED driver market is segmented on the basis of type into constant voltage and constant current drivers. The constant voltage segment is expected to hold a larger share of the global LED driver market than the constant current segment during the forecast period. This can be attributed to factors such as lower manufacturing costs and higher efficiency offered by Constant Voltage (CV) drivers as compared with Constant Current (CC) drivers. ).
Product Definition:
A LED driver is an electronic circuit that supplies current to LEDs. The most common type of LED driver is a constant-current source, which ensures that the current through the LEDs remains constant regardless of the voltage applied to them. LED drivers are important because without them, LEDs would not be able to emit light.
Constant Voltage:
LED driver is an electronic device that regulates and controls the electrical flow in an LED. Constant voltage is a specific type of power supply used to control current through a series of LEDs with constant brightness.
The relationship between these three parameters determines the performance of any LED driver.
Constant Current:
Constant current is a term used in electronics to define an electrical flow that stays the same regardless of input voltage. Constant current can be easily achieved with a diode, which has no internal resistance and provides an ideal solution for battery-powered devices.
LED driver comprises of two major components namely LED light source and constant current source or driver IC.
Application Insights:
Based on the application, the market is segmented into automotive, consumer electronics, outdoor lighting, signage and others. The other applications include medical equipment and industrial purposes. The automotive segment dominated the global LED driver market in 2017 owing to increasing demand for LED headlights from various end-use industries such as transport vehicles & aircrafts. Moreover, growing adoption of LEDs for interior and exterior lighting purposes in automobiles is expected to drive growth over the forecast period.
The consumer electronics segment was estimated at USD 1.5 billion in 2017 owing to high demand from smartwatches, wearable devices and televisions among other applications such as digital signage or advertisement boards which use LEDs as a light source. Furthermore; constant innovation by companies such as Samsung Electronics Co., Ltd., Lenovo Group Ltd., Huawei Technologies Co., Ltd.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the increasing adoption of LED lighting across various applications. The region accounted for more than 30% of global revenue share in 2017 and is estimated to reach USD X billion by 2030.
The U.S., being one of the most developed nations, has been witnessing an increase in per capita income along with high demand for consumer electronics and automobiles since last few years, which is likely to boost industry growth over the next eight years or so.
Europe was valued at more than USD X million in 2017.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Technological advancements in LED driver technology
- Growing demand for smart and connected lighting systems
- Proliferation of Internet of Things (IoT)
Scope Of The Report
Report Attributes
Report Details
Report Title
LED (Light-emitting Diode) Driver Market Research Report
By Type
Constant Voltage, Constant Current
By Application
Automotive, Consumer Electronics, Outdoor Lighting, Signage, Others
By Companies
AC Electronics, Atmel Corporation, Cree, General Electric Company, Harvard Technology, Koninklijke Philips, Lutron Electronics, Macroblock, Maxim Integrated Products, NXP Semiconductors, On Semiconductor, Osram, ROHM Semiconductors, STMicroelectronics, Texas Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global LED (Light-emitting Diode) Driver Market Report Segments:
The global LED (Light-emitting Diode) Driver market is segmented on the basis of:
Types
Constant Voltage, Constant Current
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Consumer Electronics, Outdoor Lighting, Signage, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AC Electronics
- Atmel Corporation
- Cree
- General Electric Company
- Harvard Technology
- Koninklijke Philips
- Lutron Electronics
- Macroblock
- Maxim Integrated Products
- NXP Semiconductors
- On Semiconductor
- Osram
- ROHM Semiconductors
- STMicroelectronics
- Texas Instruments
Highlights of The LED (Light-emitting Diode) Driver Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Constant Voltage
- Constant Current
- By Application:
- Automotive
- Consumer Electronics
- Outdoor Lighting
- Signage
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED (Light-emitting Diode) Driver Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A LED driver is a component that converts the low voltage of an LED into a high voltage suitable for driving an electronic device.
Some of the major companies in the led (light-emitting diode) driver market are AC Electronics, Atmel Corporation, Cree, General Electric Company, Harvard Technology, Koninklijke Philips, Lutron Electronics, Macroblock, Maxim Integrated Products, NXP Semiconductors, On Semiconductor, Osram, ROHM Semiconductors, STMicroelectronics, Texas Instruments.
The led (light-emitting diode) driver market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED (Light-emitting Diode) Driver Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED (Light-emitting Diode) Driver Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED (Light-emitting Diode) Driver Market - Supply Chain
4.5. Global LED (Light-emitting Diode) Driver Market Forecast
4.5.1. LED (Light-emitting Diode) Driver Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED (Light-emitting Diode) Driver Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED (Light-emitting Diode) Driver Market Absolute $ Opportunity
5. Global LED (Light-emitting Diode) Driver Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Type
5.3.1. Constant Voltage
5.3.2. Constant Current
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED (Light-emitting Diode) Driver Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Consumer Electronics
6.3.3. Outdoor Lighting
6.3.4. Signage
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED (Light-emitting Diode) Driver Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED (Light-emitting Diode) Driver Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED (Light-emitting Diode) Driver Demand Share Forecast, 2019-2026
9. North America LED (Light-emitting Diode) Driver Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Consumer Electronics
9.4.3. Outdoor Lighting
9.4.4. Signage
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Type
9.7.1. Constant Voltage
9.7.2. Constant Current
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED (Light-emitting Diode) Driver Demand Share Forecast, 2019-2026
10. Latin America LED (Light-emitting Diode) Driver Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Consumer Electronics
10.4.3. Outdoor Lighting
10.4.4. Signage
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Type
10.7.1. Constant Voltage
10.7.2. Constant Current
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED (Light-emitting Diode) Driver Demand Share Forecast, 2019-2026
11. Europe LED (Light-emitting Diode) Driver Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Consumer Electronics
11.4.3. Outdoor Lighting
11.4.4. Signage
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Type
11.7.1. Constant Voltage
11.7.2. Constant Current
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED (Light-emitting Diode) Driver Demand Share, 2019-2026
12. Asia Pacific LED (Light-emitting Diode) Driver Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Consumer Electronics
12.4.3. Outdoor Lighting
12.4.4. Signage
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Type
12.7.1. Constant Voltage
12.7.2. Constant Current
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED (Light-emitting Diode) Driver Demand Share, 2019-2026
13. Middle East & Africa LED (Light-emitting Diode) Driver Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Consumer Electronics
13.4.3. Outdoor Lighting
13.4.4. Signage
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED (Light-emitting Diode) Driver Market Size and Volume Forecast by Type
13.7.1. Constant Voltage
13.7.2. Constant Current
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED (Light-emitting Diode) Driver Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED (Light-emitting Diode) Driver Market: Market Share Analysis
14.2. LED (Light-emitting Diode) Driver Distributors and Customers
14.3. LED (Light-emitting Diode) Driver Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AC Electronics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Atmel Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cree
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. General Electric Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Harvard Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Koninklijke Philips
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lutron Electronics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Macroblock
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Maxim Integrated Products
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NXP Semiconductors
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. On Semiconductor
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Osram
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ROHM Semiconductors
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. STMicroelectronics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Texas Instruments
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook