Global LED Driver Market Size study, by Supply Type (Constant Voltage, Constant Current), by Application (Automotive, Consumer Electronics, Lighting Outdoor Display) and Regional Forecasts 2022-2028.

Global LED Driver Market Size study, by Supply Type (Constant Voltage, Constant Current), by Application (Automotive, Consumer Electronics, Lighting Outdoor Display) and Regional Forecasts 2022-2028.

Global LED Driver Market is valued approximately USD 5.04 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 523.5% over the forecast period 2022-2028. The light-emitting diode driver has become a vital component of industrial and commercial lighting, significantly lowering power costs. The increasing use of LED lights in a variety of applications, including outdoor, automotive, industrial, and horticulture lighting, is fueling the expansion of the global LED driver market. Various governments throughout the world have undertaken smart city programmes to provide technologically sophisticated and environmentally friendly living environments. Sustainable lighting is a critical component of such initiatives. As a result, demand for IoT-based smart lighting systems is increasing in these nations. Many cities have also installed smart street lights that use daylight sensors to switch on and off. Next-generation light emitting diodes make it easier for designers to create efficient luminaries. A high voltage driver, for example, may power up to 17 LEDs in series at constant currents ranging from 350mA to 1,200mA. Such advances are projected to drive future market growth. Furthermore, firms like Signify Holdings and Microchip Technology, Inc are investing more in R&D to increase the efficiency of existing lighting systems. Signify Holdings, for example, unveiled a new range of Philips Hue intelligent lighting products and functionalities in January 2022 to let consumers create the right atmosphere both indoors and out. Philips Hue Lucca wall light, Inara wall light, Calla bollard in stainless steel, and Resonate wall light were among the new models. However, absence of certain industry-defined standards to test the characteristics and behavior of such drivers impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global LED Driver Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific emerged as the market leader. The regional growth is attributable to increasing penetration of LED lighting, government subsidies, and improving manufacturing facilities in the region. China is a global base for consumer and industrial electronics manufacturing and a prominent supplier of LED drivers to the world. The increasing demand for LEDs across consumer electronics, such as smartphones, tablets, laptops, and T.V.s, is expected to drive the demand for these components over the forecast period.

Major market player included in this report are:
ACE LEDS
Microchip Technology, Inc
Cree LED
GE Current, a Daintree Company
Signify Holdings
SAMSUNG
Lutron Electronics Co., Ltd
Macroblock, Inc
Maxim Integrated
NXP Semiconductors
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Supply Type:
Constant Voltage
Constant Current
By Application:
Automotive
Consumer Electronics
Lighting Outdoor Display
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global LED Driver Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

ACE LEDS
Microchip Technology, Inc
Cree LED
GE Current, a Daintree Company
Signify Holdings
SAMSUNG
Lutron Electronics Co., Ltd
Macroblock, Inc
Maxim Integrated
NXP Semiconductors

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.