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LED Driver Market Report by Component, Luminaire Type, Supply Type, End User, and Region 2024-2032

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    Report

  • 135 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5769404
Description Jump to:
The global LED driver market size reached US$ 12.0 Billion in 2023. Looking forward, the market is projected to reach US$ 50.9 Billion by 2032, exhibiting a growth rate (CAGR) of 17.42% during 2023-2032.

A light-emitting diode (LED) driver is a self-contained electrical device incorporated in an LED circuit to provide constant current or voltage. Its components generally include a resistor, electrolytic capacitor, bridge rectifier, Zener diode, and polarized capacitor. It is compact, lightweight, cost-effective, energy-efficient, and easy to install and requires low maintenance. As a result, it is widely used in residential and commercial buildings for lighting and decorative purposes. It is also utilized in cars, bikes, and various other automobiles as an indicator around the world.

LED Driver Market Trends

The escalating demand for LED lighting solutions on account of a significant rise in power consumption, increasing global population, changing climatic conditions, and improving lifestyles of individuals represents one of the key factors impelling the market growth. In addition, inadequate power generation that has led to higher electricity prices is facilitating the adoption of energy-efficient LED lighting solutions worldwide. This, along with the rapid expansion of smart city projects and initiatives undertaken by government of numerous countries to encourage the use of energy-efficient technologies and ban inefficient lighting solutions, is contributing to the market growth.

Apart from this, the growing emphasis on relacing conventional bulbs with LEDs in modern vehicles for high luminous efficiency and increasing safety is catalyzing the demand for LED drivers across the globe. This can also be attributed to boosting sales of passenger vehicles worldwide on account of rapid urbanization and improving urban road infrastructure. Furthermore, the rising number of outdoor events, coupled with the emergence of digital-out-of-home (DOOH) advertising, is augmenting the use of LED modular displays. This, in confluence with the growing awareness about the importance of energy conservation, is creating a positive influence on the market.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global LED driver market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on component, luminaire type, supply type, and end user.

Breakup by Component:

  • Driver IC
  • Discrete Components
  • Others

Breakup by Luminaire Type:

  • Decorative Lamps
  • Reflectors
  • Type A Lamp
  • T Lamp
  • Integral LED Modules
  • Others

Breakup by Supply Type:

  • Constant Current
  • Constant Voltage

Breakup by End User:

  • Residential
  • Commercial
  • Industrial

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being AC Electronics, ams AG, Hatch Lighting, Lutron Electronics Co. Inc., Macroblock Inc., Maxim Integrated Products Inc. (Analog Devices Inc.), Microchip Technology Inc., NXP Semiconductors N.V., Rohm Co. Ltd., Semiconductor Components Industries LLC, Signify N.V., SMART Global Holdings Inc., and Texas Instruments Incorporated.

Key Questions Answered in This Report

1. What was the size of the global LED driver market in 2023?
2. What is the expected growth rate of the global LED driver market during 2024-2032?
3. What are the key factors driving the global LED driver market?
4. What has been the impact of COVID-19 on the global LED driver market?
5. What is the breakup of the global LED driver market based on the component?
6. What is the breakup of the global LED driver market based on the luminaire type?
7. What is the breakup of the global LED driver market based on the supply type?
8. What is the breakup of the global LED driver market based on the end user?
9. What are the key regions in the global LED driver market?
10. Who are the key players/companies in the global LED driver market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global LED Driver Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Driver IC
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Discrete Components
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Luminaire Type
7.1 Decorative Lamps
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Reflectors
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Type A Lamp
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 T Lamp
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Integral LED Modules
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Supply Type
8.1 Constant Current
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Constant Voltage
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Industrial
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AC Electronics
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 ams AG
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Hatch Lighting
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Lutron Electronics Co. Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 SWOT Analysis
15.3.5 Macroblock Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Maxim Integrated Products Inc. (Analog Devices Inc.)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 SWOT Analysis
15.3.7 Microchip Technology Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 NXP Semiconductors N.V.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Rohm Co. Ltd.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Semiconductor Components Industries LLC
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Signify N.V.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 SMART Global Holdings Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13 Texas Instruments Incorporated
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: LED Driver Market: Major Drivers and Challenges
Figure 2: Global: LED Driver Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: LED Driver Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: LED Driver Market: Breakup by Component (in %), 2023
Figure 5: Global: LED Driver Market: Breakup by Luminaire Type (in %), 2023
Figure 6: Global: LED Driver Market: Breakup by Supply Type (in %), 2023
Figure 7: Global: LED Driver Market: Breakup by End User (in %), 2023
Figure 8: Global: LED Driver Market: Breakup by Region (in %), 2023
Figure 9: Global: LED Driver (Driver IC) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: LED Driver (Driver IC) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: LED Driver (Discrete Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: LED Driver (Discrete Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: LED Driver (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: LED Driver (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: LED Driver (Decorative Lamps) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: LED Driver (Decorative Lamps) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: LED Driver (Reflectors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: LED Driver (Reflectors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: LED Driver (Type A Lamp) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: LED Driver (Type A Lamp) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: LED Driver (T Lamp) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: LED Driver (T Lamp) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: LED Driver (Integral LED Modules) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: LED Driver (Integral LED Modules) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: LED Driver (Other Luminaire Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: LED Driver (Other Luminaire Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: LED Driver (Constant Current) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: LED Driver (Constant Current) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: LED Driver (Constant Voltage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: LED Driver (Constant Voltage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: LED Driver (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: LED Driver (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: LED Driver (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: LED Driver (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: LED Driver (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: LED Driver (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: North America: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: North America: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: United States: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: United States: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Canada: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Canada: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Asia-Pacific: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Asia-Pacific: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: China: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: China: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Japan: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Japan: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: India: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: India: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: South Korea: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: South Korea: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Australia: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Australia: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Indonesia: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Indonesia: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Europe: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Europe: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Germany: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Germany: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: France: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: France: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: United Kingdom: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: United Kingdom: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Italy: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Italy: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Spain: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Spain: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Russia: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Russia: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Latin America: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Latin America: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Brazil: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Brazil: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Mexico: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Mexico: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Others: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Others: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Middle East and Africa: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Middle East and Africa: LED Driver Market: Breakup by Country (in %), 2023
Figure 85: Middle East and Africa: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Global: LED Driver Industry: SWOT Analysis
Figure 87: Global: LED Driver Industry: Value Chain Analysis
Figure 88: Global: LED Driver Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: LED Driver Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: LED Driver Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: LED Driver Market Forecast: Breakup by Luminaire Type (in Million US$), 2024-2032
Table 4: Global: LED Driver Market Forecast: Breakup by Supply Type (in Million US$), 2024-2032
Table 5: Global: LED Driver Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: LED Driver Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: LED Driver Market: Competitive Structure
Table 8: Global: LED Driver Market: Key Players

Companies Mentioned

  • AC Electronics
  • ams AG
  • Hatch Lighting
  • Lutron Electronics Co. Inc.
  • Macroblock Inc.
  • Maxim Integrated Products Inc. (Analog Devices Inc.)
  • Microchip Technology Inc.
  • NXP Semiconductors N.V.
  • Rohm Co. Ltd.
  • Semiconductor Components Industries LLC
  • Signify N.V.
  • SMART Global Holdings Inc.
  • Texas Instruments Incorporated.

Methodology

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Table Information

Report AttributeDetails
No. of Pages135
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 12 Billion
Forecasted Market Value ( USD ) by 2032 $ 50.9 Billion
Compound Annual Growth Rate17.4%
Regions CoveredGlobal
No. of Companies Mentioned13

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