LED Driver Market Report


   September 20, 2019
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 LED driver market is expected to reach an estimated $18.3 billion by 2024 with a CAGR of 15% from 2019 to 2024. 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 “LED Driver Market"

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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.

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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.

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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.

Lucintel, the leading global strategic consulting and market research firm, has analyzed growth opportunities in the LED driver market by supply type, luminaire type, application, and region and has come up with a comprehensive research report entitled  “Growth Opportunities in the LED Driver Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the LED driver market by supply type, luminaire type, application, and region as follows:

By Application [$M shipment analysis from 2013 to 2024]:



  • 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 2013 to 2024]:



  • Constant Current


  • Constant Voltage


By Luminaire Type [$M shipment analysis from 2013 to 2024]:



  • Type A Lamp


  • Decorative Lamp


  • T Lamp


  • Reflectors


  • Others


By Region [$M shipment analysis from 2013 – 2024]:



  • North America


  • United States


  • Canada


  • Mexico


  • Europe


  • United Kingdom


  • Germany


  • France


  • Switzerland


  • Asia Pacific


  • China


  • Japan


  • India


  • The Rest of the World


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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 https://www.lucintel.com/global-led-driver-market-2018.aspx or helpdesk@lucintel.com.

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