LED Driver Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global LED driver market size reached US$ 10.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.8 Billion by 2028, exhibiting a growth rate (CAGR) of 19.31% during 2023-2028.
A light-emitting diode (LED) driver is a self-contained electrical device incorporated in an LED circuit to provide constant current or voltage. Its components generally include a resistor, electrolytic capacitor, bridge rectifier, Zener diode, and polarized capacitor. It is compact, lightweight, cost-effective, energy-efficient, and easy to install and requires low maintenance. As a result, it is widely used in residential and commercial buildings for lighting and decorative purposes. It is also utilized in cars, bikes, and various other automobiles as an indicator around the world.
LED Driver Market Trends:
The escalating demand for LED lighting solutions on account of a significant rise in power consumption, increasing global population, changing climatic conditions, and improving lifestyles of individuals represents one of the key factors impelling the market growth. In addition, inadequate power generation that has led to higher electricity prices is facilitating the adoption of energy-efficient LED lighting solutions worldwide. This, along with the rapid expansion of smart city projects and initiatives undertaken by government of numerous countries to encourage the use of energy-efficient technologies and ban inefficient lighting solutions, is contributing to the market growth. Apart from this, the growing emphasis on relacing conventional bulbs with LEDs in modern vehicles for high luminous efficiency and increasing safety is catalyzing the demand for LED drivers across the globe. This can also be attributed to boosting sales of passenger vehicles worldwide on account of rapid urbanization and improving urban road infrastructure. Furthermore, the rising number of outdoor events, coupled with the emergence of digital-out-of-home (DOOH) advertising, is augmenting the use of LED modular displays. This, in confluence with the growing awareness about the importance of energy conservation, is creating a positive influence on the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global LED driver market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, luminaire type, supply type and end user.
Breakup by Component:
Driver IC
Discrete Components
Others
Breakup by Luminaire Type:
Decorative Lamps
Reflectors
Type A Lamp
T Lamp
Integral LED Modules
Others
Breakup by Supply Type:
Constant Current
Constant Voltage
Breakup by End User:
Residential
Commercial
Industrial
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AC Electronics, ams AG, Hatch Lighting, Lutron Electronics Co. Inc., Macroblock Inc., Maxim Integrated Products Inc. (Analog Devices Inc.), Microchip Technology Inc., NXP Semiconductors N.V., Rohm Co. Ltd., Semiconductor Components Industries LLC, Signify N.V., SMART Global Holdings Inc. and Texas Instruments Incorporated.
Key Questions Answered in This Report
1. What was the size of the global LED driver market in 2022?
2. What is the expected growth rate of the global LED driver market during 2023-2028?
3. What are the key factors driving the global LED driver market?
4. What has been the impact of COVID-19 on the global LED driver market?
5. What is the breakup of the global LED driver market based on the component?
6. What is the breakup of the global LED driver market based on the luminaire type?
7. What is the breakup of the global LED driver market based on the supply type?
8. What is the breakup of the global LED driver market based on the end user?
9. What are the key regions in the global LED driver market?
10. Who are the key players/companies in the global LED driver market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global LED Driver Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Component
- 6.1 Driver IC
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Discrete Components
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Luminaire Type
- 7.1 Decorative Lamps
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Reflectors
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Type A Lamp
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 T Lamp
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Integral LED Modules
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 8 Market Breakup by Supply Type
- 8.1 Constant Current
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Constant Voltage
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by End User
- 9.1 Residential
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Commercial
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Industrial
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 AC Electronics
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 ams AG
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Hatch Lighting
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Lutron Electronics Co. Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 SWOT Analysis
- 15.3.5 Macroblock Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 Maxim Integrated Products Inc. (Analog Devices Inc.)
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 SWOT Analysis
- 15.3.7 Microchip Technology Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 NXP Semiconductors N.V.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Rohm Co. Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Semiconductor Components Industries LLC
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Signify N.V.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.12 SMART Global Holdings Inc.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.13 Texas Instruments Incorporated
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.13.4 SWOT Analysis
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook