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LED Driver Market Trends and Forecast
The future of the LED driver market looks attractive with opportunities in the residential, commercial, industrial, backlight, and automotive lighting sector. The global LED driver market is expected to reach an estimated $21.9 billion by 2027 with a CAGR of 15% from 2022 to 2027. The major drivers for this market are increasing building and construction activities, favorable government regulation for energy efficiency, and increasing adoption of LED lightings in emerging countries.
LED Driver Market by Supply Type, Luminaire Type, and End Use Industry
Emerging Trends in the LED Driver Market
Emerging trends, which have a direct impact on the dynamics of the industry, including the development of visible light communication (VLC) led drivers and development of color tunable LED driver.
A total of 113 figures / charts and 98 tables are provided in this 183-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of the LED driver market report, please download the report brochure.
LED Driver Market by Segments
LED Driver Market by Segment
The study includes trends and forecast for the global LED driver market by supply type, luminaire type, application, and region as follows:
By Supply Type [$M shipment analysis from 2016 to 2027]:
  • Constant Current
  • Constant Voltage
By Luminaire Type [$M shipment analysis from 2016 to 2027]:
  • Type A Lamp
  • Decorative Lamp
  • T Lamp
  • Reflectors
  • Others
By Application [$M shipment analysis from 2016 to 2027]:
  • General lighting
    • Residential
    • Offices
    • Shops
    • Hospitality
    • Outdoor
    • Industrial
    • Architectural 
  • Automotive Lighting
    • Headlamps
    • Daytime Running Lights (DRLs)
    • Sidelights
    • Rear Lights
    • Interior
  • Backlighting
    • LCD TV
    • Monitor
    • Portable PCs
    • Handhelds
By Region [$M shipment analysis for 2016 – 2027]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • United Kingdom
    • Germany
    • France
    • Switzerland
  • Asia Pacific
    • China
    • Japan
    • India
  • The Rest of the World
List of LED Driver Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies LED Driver companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the LED Driver companies profiled in this report includes.
LED Driver Market Insight
  • Lucintel forecast that constant current LED driver will remain the largest supply type; it is also expected to witness the highest growth due to ability to provide consistent brightness with lower power consumption and increasing demand in LED backlighting and general lighting applications.
  • General lighting segment will remain the largest market; it is also expected to witness highest growth rate due to increasing demand for energy-efficient products in residential and commercial lighting, increasing usage of the LED driver for building and lighting management system, and decreasing price of LEDs.
  • Asia Pacific is expected to remain the largest region; it is also expected to witness highest growth over the forecast period due to increasing penetration of LED lighting in automotive and building & construction industry. Production and consumption of LED lighting in China is highest; modernization of infrastructure is expected to propel the demand for lighting products in China.
Features of LED Driver Market
  • Market Size Estimates: LED driver market size estimation in terms of value ($M)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by various segments, such as supply type, luminaire, and application in terms of value
  • Regional Analysis: LED driver market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in supply type, luminaire, and application, and regions for the video game market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the LED driver market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the LED driver market size?
Answer: The global LED driver market is expected to reach an estimated $21.9 billion by 2027.
Q2. What is the growth forecast for LED driver market?
Answer: The LED driver market is expected to grow at a CAGR of 15% from 2021 to 2027.     
Q3. What are the major drivers influencing the growth of the LED driver market?
Answer: The major drivers for this market are increasing building and construction activities, favorable government regulation for energy efficiency, and increasing adoption of LED lightings in emerging countries.
Q4. What are the major applications or end use industries for LED driver?
Answer: General lighting segment will remain the largest market; it is also expected to witness highest growth rate due to increasing demand for energy-efficient products in residential and commercial lighting, increasing usage of the LED driver for building and lighting management system, and decreasing price of LEDs.
Q5. What are the emerging trends in LED driver market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, including the development of visible light communication (VLC) led drivers and development of color tunable LED driver.
Q6. Who are the key LED driver companies?
Answer: Some of the key LED driver companies are as follows:
  • Texas Instruments
  • Toshiba Semiconductor
  • STMicroelectronics
  • ON Semiconductor
  • ROHM Semiconductor.
  • Osram GmbH
  • Power Integration
  • STMicroelectronics
  • Microchip Technology
  • Taiwan Semiconductor
  • Infineon Technologies
Q7.Which LED driver supply type segment will be the largest in future?
Answer: Lucintel forecast that constant current LED driver will remain the largest supply type; it is also expected to witness the highest growth due to ability to provide consistent brightness with lower power consumption and increasing demand in LED backlighting and general lighting applications.
Q8: In LED driver market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising, high-growth opportunities for the global LED driver market by supply type (constant current and constant voltage), by luminaire type (type A lamp, decorative lamp, T lamp, reflectors and others), by applications (general lighting, automotive lighting and backlighting) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to LED driver market or related to LED driver market share, LED driver market analysis, and LED driver market size, write to Lucintel analysts at
helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecast
3.2: Global LED Driver Market Trends and Forecast
3.3: Global LED Driver Market by Supply Type
3.3.1: Constant Current
3.3.2: Constant Voltage
3.4: Global LED Driver Market by Luminaire Type
3.4.1: Type A Lamp
3.4.2: Decorative Lamp
3.4.3: T Lamps
3.4.4: Reflectors
3.4.5: Others
3.5: Global LED Driver Market by Application
3.5.1: General Lighting LED Driver Market
3.5.1.1: General Lighting Market by Application
3.5.1.1.1: Residential
3.5.1.1.2: Office
3.5.1.1.3: Shop
3.5.1.1.4: Hospitality
3.5.1.1.5: Outdoor
3.5.1.1.6: Industrial
3.5.1.1.7: Architectural
3.5.2: Automotive Lighting
3.5.2.1: Automotive Lighting Market by Application
3.5.2.1.1: Headlamp
3.5.2.1.2: DRL
3.5.2.1.3: Sidelight
3.5.2.1.4: Rear Light
3.5.2.1.5: Interior Light
3.5.3: Backlighting LED Driver Market
3.5.3.1: Backlighting Market by Application
3.5.3.1.1: Television
3.5.3.1.2: Monitor
3.5.3.1.3: Portable PC
3.5.3.1.4: Handheld

4. Market Trends and Forecast Analysis by Region
4.1: Global LED Driver Market by Region
4.2: North American LED Driver Market
4.2.1: North American LED Driver Market by Application
4.2.2: United States’ LED Driver Market
4.2.3: Canadian LED Driver Market
4.2.4: Mexican LED Driver Market
4.3: European LED Driver Market
4.3.1: European LED Driver Market by Application
4.3.2: German LED Driver Market
4.3.3: United Kingdom’s LED Driver Market
4.3.4: French LED Driver Market
4.3.5: Swiss LED Driver Market
4.4: APAC LED Driver Market
4.4.1: APAC LED Driver Market by Application
4.4.2: Chinese LED Driver Market
4.4.3: Japanese LED Driver Market
4.4.4: Indian LED Driver Market
4.5: ROW LED Driver Market
4.5.1: ROW LED Driver Market by Application

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global LED Driver Market by Application
6.1.2: Growth Opportunities for the Global LED Driver Market by Supply Type
6.1.3: Growth Opportunities for the Global LED Driver Market by Luminaire Type
6.1.4: Growth Opportunities for the Global LED Driver Market by Region
6.2: Emerging Trends in the Global LED Driver Market
6.2.1: New Product Development
6.2.2: Capacity Expansion in the Global LED Driver Market
6.2.3: Mergers, Acquisitions, and Joint Ventures in the Global LED Driver Market
6.2.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Texas Instruments Incorporated
7.2: Maxim Integrated Inc.
7.3: ROHM Semiconductor
7.4: ON Semiconductor
7.5: Osram GmbH
7.6: Toshiba
7.7: Power Integration
7.8: STMicroelectronics
7.9: Microchip Technology
7.10: Taiwan Semiconductor
7.11: Infineon Technologies
.

Buy full report or by chapter as follows

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[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: LED Driver Market: Trends, Opportunities and Competitive Analysis Full Report $ 4,850
113 figures/charts and 98 tables are provided in this 183 - page report
Chapter - 1: Executive Summary 5 $ 435
Executive Summary
Chapter - 2: Market Background and Classifications 9 $ 218
2. Market Background and Classifications 
2.1 Introduction, Background, and Classifications 
2.2 Supply Chain
2.3 Industry Drivers and Challenges
Chapter - 3: Market Trends and Forecast Analysis 67 $ 1,740
3. Market Trends and Forecast Analysis from 2012 to 2023
3.1 Macroeconomic Trends and Forecast 
3.2 Global LED Driver Market Trends and Forecast 
3.3 Global LED Driver Market by Supply Type 
3.3.1 Constant Current 
3.3.2 Constant Voltage
3.4 Global LED Driver Market by Luminaire Type
3.4.1 Type A Lamp 
3.4.2 Decorative Lamp
3.4.3 T Lamps 
3.4.4 Reflectors 
3.4.5 Others 
3.5 Global LED Driver Market by Application
3.5.1 General Lighting LED Driver Market 
3.5.1.1 General Lighting Market by Application
3.5.1.1.1 Residential 
3.5.1.1.2 Office
3.5.1.1.3 Shop 
3.5.1.1.4 Hospitality 
3.5.1.1.5 Outdoor 
3.5.1.1.6 Industrial 
3.5.1.1.7 Architectural
3.5.2 Automotive Lighting
3.5.2.1 Automotive Lighting Market by Application 
3.5.2.1.1 Headlamp
3.5.2.1.2 DRL 
3.5.2.1.3 Sidelight 
3.5.2.1.4 Rear Light 
3.5.2.1.5 Interior Light
3.5.3 Backlighting LED Driver Market 
3.5.3.1 Backlighting Market by Application 
3.5.3.1.1 Television 
3.5.3.1.2 Monitor 
3.5.3.1.3 Portable PC 
3.5.3.1.4 Handheld 
Chapter - 4: Regional Analysis 27 $ 2,248
4. Market Trends and Forecast Analysis by Region
4.1 Global LED Driver Market by Region 
4.2 North American LED Driver Market 
4.2.1 North American LED Driver Market by Application 
4.2.2 United States’ LED Driver Market
4.2.3 Canadian LED Driver Market
4.2.4 Mexican LED Driver Market 
4.3 European LED Driver Market 
4.3.1 European LED Driver Market by Application 
4.3.2 German LED Driver Market 
4.3.3 United Kingdom’s LED Driver Market
4.3.4 French LED Driver Market .
4.3.5 Swiss LED Driver Market
4.4 APAC LED Driver Market 
4.4.1 APAC LED Driver Market by Application
4.4.2 Chinese LED Driver Market 
4.4.3 Japanese LED Driver Market
4.4.4 Indian LED Driver Market 
4.5 ROW LED Driver Market
4.5.1 ROW LED Driver Market by Application 
Chapter - 5: Competitor Analysis 9 $ 725
5. Competitor Analysis
5.1 Product Portfolio Analysis 
5.2 Market Share Analysis
5.3 Geographical Reach 
5.4 Porter’s Five Forces Analysis
Chapter - 6: Growth Opportunities and Strategic Analysis 16 $ 870
6. Growth Opportunities and Strategic Analysis
6.1 Growth Opportunity Analysis
6.1.1 Growth Opportunities for the Global LED Driver Market by Application
6.1.2 Growth Opportunities for the Global LED Driver Market by Supply Type 
6.1.3 Growth Opportunities for the Global LED Driver Market by Luminaire Type 
6.1.4 Growth Opportunities for the Global LED Driver Market by Region
6.2 Emerging Trends in the Global LED Driver Market 
6.2.1 New Product Development 
6.2.2 Capacity Expansion in the Global LED Driver Market 
6.2.3 Mergers, Acquisitions, and Joint Ventures in the Global LED Driver Market
6.2.4 Certification and Licensing 
Chapter - 7: Growth Opportunities and Strategic Analysis 24 $ 508
7. Company Profiles of Leading Players 
7.1 Texas Instruments Incorporated
7.2 Maxim Integrated Inc. 
7.3 ROHM Semiconductor 
7.4 ON Semiconductor 
7.5 Osram GmbH 
7.6 Toshiba 
7.7 Power Integration 
7.8 STMicroelectronics
7.9 Microchip Technology 
7.10 Taiwan Semiconductor 
7.11 Infineon Technologies
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the LED driver market. Some of the leading LED driver manufacturers are Maxim Integrated, Osram, Toshiba, Texas Instruments, ROHM Semiconductor, and others.
Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
 

 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.

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