The global LED driver market is expected to reach $16.1 billion by 2023


   May 21 2018
According to a new market report published by Lucintel, the future of the LED driver market looks attractive with opportunities in the residential, commercial, industrial, and automotive lighting sectors. The global LED driver market is expected to reach an estimated $16.1 billion by 2023 with a CAGR of 15.5% from 2018 to 2023. The major growth drivers for this market are increasing building and construction activities, favorable government regulations for energy efficiency, and increasing adoption of LED lighting in emerging countries.

Browse 98 Market Data Tables and 113 Figures spread through 183 Pages and in-depth TOC on "Global LED Driver Market- Global Forecast to 2023" http://www.lucintel.com/global-led-driver-market-2018.aspx

In this market, constant current and constant voltage LED drivers are used to regulate the power supply in general lighting, backlighting, and automotive lighting applications. Lucintel forecast that constant current LED driver will remain the largest product 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.

Within the LED driver market, the general lighting segment will remain the largest application.  It is also expected to witness the highest growth rate due to increasing demand for energy-efficient products in residential and commercial lighting, increasing usage of LED drivers for building and lighting management systems, and the decreasing price of LEDs.

Download PDF Brochure @ http://www.lucintel.com/rb/global-led-driver-market-2018.aspx

Asia Pacific is expected to remain the largest region, and it is also expected to witness the highest growth over the forecast period due to increasing penetration of LED lighting in the automotive and building & construction industries.  Production and consumption of LED lighting in China is highest, and modernization of infrastructure is expected to propel the demand for lighting products in China.

Emerging trends, which have a direct impact on the dynamics of the industry, include the development of visible light communication (VLC) LED drivers, and the development of color tunable LED drivers. Texas Instruments, Toshiba, STMicroelectronics, ON Semiconductor, and ROHM Semiconductor are among the major suppliers of the LED driver.

Download Free Sample @ http://www.lucintel.com/ds/global-led-driver-market-2018.aspx

The study includes a forecast for the global LED driver market by supply type, luminaire type, application, and region as follows:

By Application [$M shipment analysis from 2012 to 2023]:



  • General lighting


  • Residential


  • Office


  • Shop


  • Hospitality


  • Outdoor


  • Industrial


  • Architectural


  • Automotive Lighting


  • Headlamps


  • Daytime Running Lights (DRLs)


  • Sidelights


  • Rear Lights


  • Interior


  • Backlighting


  • LCD TV


  • Monitor


  • Portable PCs


  • Handhelds


 By Supply Type [$M shipment analysis from 2012 to 2023]:



  • Constant Current


  • Constant Voltage


By Luminaire Type [$M shipment analysis from 2012 to 2023]:



  • Type A Lamp


  • Decorative Lamp


  • T Lamp


  • Reflectors


  • Others


By Region [$M shipment analysis from 2012 – 2023]:



  • North America


  • United States


  • Canada


  • Mexico


  • Europe


  • United Kingdom


  • Germany


  • France


  • Switzerland


  • Asia Pacific


  • China


  • Japan


  • India


  • The Rest of the World


This 183-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/global-led-driver-market-2018.aspx or helpdesk@lucintel.com  

Inquiry before buying@ http://www.lucintel.com/pq/global-led-driver-market-2018.aspx

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Current Press Releases of Lucintel @ http://www.lucintel.com/press-release.aspx

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [50]
Chemical [129]
Composites & Advanced Materials [112]
Construction & Industrial [48]
Consumer and Retail [85]
Economic Analysis [86]
Energy & Utility [71]
Finance & Services [10]
Healthcare [29]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [61]
Transportation [83]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on