Global LED Driver Market Growth 2025-2031

Global LED Driver Market Growth 2025-2031

The global LED Driver market size is predicted to grow from US$ 2429 million in 2025 to US$ 3490 million in 2031; it is expected to grow at a CAGR of 6.2% from 2025 to 2031.

An LED driver (power supply) is an electrical device which regulates the power to an LED or a string (or strings) of LEDs. It controls the current flowing through the LED. What makes a driver different from conventional power supplies is that an LED driver responds to the ever-changing needs of the LED, or circuit of LEDs, by supplying a constant amount of power to the LED, as its electrical properties change with temperature.

Global LED Driver key players include TI, Maxim, Linear, etc. Global top three manufacturers hold a share about 35%.

China is the largest market, with a share about 30%, followed by Europe and USA, both have a share over 20 percent.

In terms of product, DC-DC is the largest segment, with a share about 55%. And in terms of application, the largest application is Illumination, followed by Backlighting.

LP Information, Inc. (LPI) ' newest research report, the “LED Driver Industry Forecast” looks at past sales and reviews total world LED Driver sales in 2024, providing a comprehensive analysis by region and market sector of projected LED Driver sales for 2025 through 2031. With LED Driver sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LED Driver industry.

This Insight Report provides a comprehensive analysis of the global LED Driver landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LED Driver portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global LED Driver market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LED Driver and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LED Driver.

This report presents a comprehensive overview, market shares, and growth opportunities of LED Driver market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Internal Drivers
External Drivers

Segmentation by Application:
Lighting
Automotive
Fixed Telecommunications
Mobile Telecommunications
Computer & Office Equipment
Consumer
Military and Aerospace
Signage
Industrial, Medical & Security

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
TI
Macroblock
Maxim
Linear
NXP
Skyworks
Infineon
Toshiba
ON Semiconductor
Rohm
Sumacro
Silan
BPSemi
Sunmoon
Si-Power

Key Questions Addressed in this Report

What is the 10-year outlook for the global LED Driver market?

What factors are driving LED Driver market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LED Driver market opportunities vary by end market size?

How does LED Driver break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.