Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global LED driver market size stood at a value of around USD 9.02 billion in 2023. The global LED driver market is forecast to grow at a CAGR of 16.8% between 2024 and 2032.
Global LED Driver Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 9.02 |
Market Size 2032 | USD Billion | 36.49 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 16.8% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 19.4% |
CAGR 2024-2032 - Market by Country | India | 22.2% |
CAGR 2024-2032 - Market by Country | China | 18.5% |
CAGR 2024-2032 - Market by Driving Methods | Constant Current | 18.8% |
CAGR 2024-2032 - Market by End Use | Commercial | 19.2% |
Market Share by Country 2023 | India | 3.8% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
An LED driver is a chip or circuit board that regulates the power supply and ensures a constant supply of current to an LED light, which has specialised energy requirements.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The LED driver industry can be divided based on segments like driving method, product, form, technology, component, and end-use:
The EMR report looks into the regional LED driver markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
CAGR 2024-2032 - Market by | Country |
India | 22.2% |
China | 18.5% |
UK | 15.4% |
USA | 15.0% |
Germany | 13.8% |
Canada | XX% |
France | XX% |
Italy | XX% |
Japan | 11.6% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
The rapid technological advancements in lighting parts or components have allowed energy efficiency and improved effectiveness, thus reinforcing the demand for the product, and aiding the global LED driver industry. The increasing penetration of LED lighting in various applications, such as indoor, automotive, industrial, and horticultural industries, has also led to enhanced LED driver industry growth due to improving current lighting solutions’ requirements. The increasing adoption of LED drivers in machines like a calculator is expected to drive the LED driver industry growth further. Further, to develop technologically advanced and sustainable living spaces, the governments of various countries have launched smart city initiatives, which is further expected to aid the growth of the industry as sustainable lighting, such as LED, is an important component of these initiatives.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The report presents a detailed analysis of the following key players in the global LED driver market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Driving Methods |
|
Breakup by Product |
|
Breakup by Form |
|
Breakup by Technology |
|
Breakup by Component |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The global LED driver market reached a value of USD 9.02 billion in 2023.
The industry is likely to grow at a CAGR of 16.8% in the forecast period of 2024 and 2032.
The major market drivers include the growing spending by major players in the research and development field to boost the performance of current lighting solutions, increasing adoption of LED drivers in machines, and smart city initiatives by governments.
The key market trends include rapid technological advancements in lighting parts or components and increasing penetration of LED lighting in various applications, such as indoor, automotive, and industrial.
The major regions of the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major driving methods in the market are constant voltage and constant current.
The various products in the market are lamp and luminaire.
The different forms include are non-dimmable and dimmable.
The significant technologies include smart and conventional.
The major components in the market are driver ICS and discrete components, among others.
The major end uses considered in the report are residential, commercial, and industrial, among others.
The key players in the global LED driver market are Maxim Integrated Products, Inc. (NASDAQ: MXIM), Osram Gmbh (ETR: OSR), Venture Lighting Europe Ltd., Texas Instruments Incorporated (NASDAQ: TXN), Macroblock, Inc, Koninklijke Philips N.V., Signify N.V., Cree LED (SMART Global Holdings, Inc.), Microchip Technology Inc., Seoul Semiconductor Co., Ltd., and General Electric Company (NYSE: GE), among others.
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Pricing Plans
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124