LED Driver Market to Reach US$ 15.21 Bn by 2030

The global LED Driver market size is expected to reach USD 15.21 billion by 2030 and is expected to expand at a CAGR of 17.3% from 2021 to 2030.

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Growth Factors

 the rising demand for IoT-based connected lighting solutions due to the rising number of smart homes in developed countries will contribute to the LED driver market growth. Furthermore, governments of various countries have launched Smart City initiatives to improve the energy-efficiency of populated cities, which is anticipated to boost the market further.

The consumer electronics segment is the largest application segment in the market as LEDs have extensive demand in television and display panels applications. Many leading manufacturers are collaborating with other companies to deliver public lighting systems to cities around the world connected with remote management for energy saving and efficient maintenance. For instance, Philips Lighting N.V. has collaborated with Vodafone Limited to deploy IoT-based wireless Smart Street lighting across the globe.

Report Coverage

Report Scope Details
Market Size USD 15.21 billion by 2030
Growth Rate CAGR of 17.3% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Supply Type, application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Atmel Corp.; AC Electronics; Cree, Inc.; Harvard Technology Ltd.; General Electric Company; Koninklijke Philips N.V.; Macroblock, Inc.; Lutron Electronics Co., Inc.; Maxim Integrated Products, Inc.; On Semiconductor Corp.; NXP Semiconductors N.V.; Osram GmbH; STMicroelectronics; Texas Instruments, Inc.; and ROHM Semiconductors.

By Supply Type Analysis

The constant current type led the market in 2020 and is anticipated to remain prevalent over the upcoming years owing to their high usage across the industry. For several applications, it is desirable to utilize constant current products as they offer more control and ability to design uniform brightness and clear display.

Constant voltage driver distributes the voltage equally, providing equal luminescence. However, these are less efficient as they are unable to stabilize the current influx, thus consuming more energy than constant current drivers.

By Application Type Analysis

Replacement of conventional light sources, such as CFL and incandescent, LED lightings will drive the market as these lightings require advanced drivers. Consumer electronics is anticipated to be the largest segment over the forecast years, owing to increasing adoption of smartphones and LED TVs in developing countries.

Automotive is projected to be the second fastest-growing application segment due to preference for high-brightness LED and LASER lights over conventional HID and halogen lights. Moreover, a lot of economies have implemented regulations to stop the use of hazardous HID bulbs.

By Regional Analysis

Asia Pacific accounted for the highest share in 2020  and is anticipated to expand further at a CAGR of 16.7% from 2021 to 2030. This growth is attributable to government subsidies, improving manufacturing facilities, and increasing penetration of LED lighting in the region.

rapid economic expansion and an increasing number of households coupled with growing access to electricity in rural areas are further elevating the domestic market. Moreover, a decline in the average selling price of the drivers along with technological advancements, has resulted in high product demand across the lighting industry.

North America and Europe are also expected to witness a rise with the increasing adoption of LED lighting across high- and low-end automotive segments. Countries, such as the U.S. and Canada, witnessed increased adoption of the technology for outdoor applications. 

Key Players

Atmel Corp.; AC Electronics; Cree, Inc.; Harvard Technology Ltd.; General Electric Company; Koninklijke Philips N.V.; Macroblock, Inc.; Lutron Electronics Co., Inc.; Maxim Integrated Products, Inc.; On Semiconductor Corp.; NXP Semiconductors N.V.; Osram GmbH; STMicroelectronics; Texas Instruments, Inc.; and ROHM Semiconductors.

Market Segmentation

  • Supply Type
    • Constant Voltage
    • Constant Current
  • Application Type
    • Automotive
    • Consumer Electronics
    • Lighting
    • Outdoor Display
  • Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
      • Korea
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global LED Driver Market, By Supply Type

7.1.  LED Driver Market, by Supply Type, 2021-2030

7.1.1.    Constant Voltage

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Constant Current

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global LED Driver Market, By Application

8.1.  LED Driver Market, by Application, 2021-2030

8.1.1.    Automotive

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Consumer Electronics

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Lighting

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Outdoor Display

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global LED Driver Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Supply Type (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Supply Type (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Supply Type (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Supply Type (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Supply Type (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Supply Type (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Atmel Corp.

10.1.1.  Company Overview

10.1.2.  Supply Type Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              AC Electronics

10.2.1.  Company Overview

10.2.2.  Supply Type Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              AC Electronics

10.3.1.  Company Overview

10.3.2.  Supply Type Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Harvard Technology Ltd

10.4.1.  Company Overview

10.4.2.  Supply Type Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              General Electric Company

10.5.1.  Company Overview

10.5.2.  Supply Type Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Koninklijke Philips N.V.

10.6.1.  Company Overview

10.6.2.  Supply Type Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Macroblock

10.7.1.  Company Overview

10.7.2.  Supply Type Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Lutron Electronics Co

10.8.1.  Company Overview

10.8.2.  Supply Type Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Maxim Integrated Products, Inc

10.9.1.  Company Overview

10.9.2.  Supply Type Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           On Semiconductor Corp

10.10.1.               Company Overview

10.10.2.               Supply Type Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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