Global LED Driver Market Share - Segmented by Supply Type, Application, End Users, and Region - Growth, Trends, and Forecast (2022 - 2030)
The global LED driver market is expected to register a CAGR of over 18.1% during the forecast period 2018 - 2023.
LED driver is an electrical device, which regulates the power to an LED or a string of LEDs. It offers dimming by integrating LEDs with dimmers, which helps in reducing the consumption of energy. Lighting dimmers also promote green environment due to reduced energy consumption, while extending the durability of LEDs. The LED drivers are finding their applications in automotive, LED displays, and smartphone back lighting. In automotive lighting LED is the most trending lighting technology, which is gradually being adopted, majorly in luxury and premium segment vehicles. The growing concerns on vehicular safety has driven many countries to come up with stringent lighting regulations that require a specific brightness or temperature of the headlamps. These concerns are increasing the focus of automotive manufacturers on LED drivers. The emerging trends, such as development of visible light communication (VLC) LED drivers and development of color tunable LED drivers have a direct impact on the LED driver industry.
The favorable government policies and energy-saving capabilities of the LED drivers is driving the growth of the market, while lack of awareness about the benefits of the technology and the high replacement cost in case of failure is restraining the growth of the market.
Favorable Government Policies are diving the LED Driver Market
The increasing industrial development and population growth have led to a surge in global demand for energy in the recent years. The decreasing amount of resources and increasing demand for energy led to energy crisis over the world. To overcome this crisis, the governments of various countries have passed regulations on energy consumption, which state the use of energy saving consumer electronics. The regulations have enabled the manufacturers to invest in energy saving consumer electronics. Since an LED driver is an energy saving device, the government policies have a positive impact on the LED driver market. To give a start to the energy saving techniques the governments of various countries have started using LEDs and LED drivers in general lighting areas, such as streets, roads, and other public places, which rose the growth of the market. The various policies of governments on tax exemptions on Led devices has increased the LED penetration in various countries.
Asia-Pacific to be the Major Region Over the Forecast Period
Asia-Pacific has seen a significant growth in the LED driver market and is expected to witness a highest growth over the forecast period. The economic development and government policies due to rapid urbanization in the emerging countries has led to high usage of LED lighting. The fall in LED prices due to increase in investments by companies in expanding production facilities has resulted in a significant growth of the LED driver market in Asia-Pacific. The rapid urbanization and changing life styles of people have also resulted in increase in the penetration of Led lighting in automotive, building, and construction industries. The compatible size and aesthetic look has drawn attention of people with high standards, which resulted in a significant growth in the adoption of LED drivers. Countries, like China, India, Japan, and South Korea are contributing a major share in the region.
Key Developments in the LED Driver Market
Apr 2018: Tridonic and Enlighted have continued to push the IoT-ready Alliance encouraging solid-state lighting (SSL) manufacturers to future proof their products, and Tridonic has added such support in a new driver
Apr 2018: Helvar introduced LED drivers with filtered hybrid dimming, a technology that results in stabilized, extremely high-quality light at the lowest dimming levels for even the most demanding applications, such as flicker-free camera recording
LED Driver Market LED Driver Market Players:
Texas Instruments Incorporated
Maxim Integrated Inc.
ROHM Semiconductor
ON Semiconductor
Osram GmbH
Toshiba
Power Integration
STMicroelectronics
Microchip Technology
Taiwan Semiconductor
Infineon Technologies
Reasons to Purchase LED Driver Market Report
To understand the impact of government policies on the market
Analysis of various perspectives of the market with the help of Porter’s five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market during the forecast period
Latest developments, market shares, and strategies employed by the major market players and key innovators
3-month analyst support, along with the Market Estimate sheet (in excel)
Customize LED Driver Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
LED driver is an electrical device, which regulates the power to an LED or a string of LEDs. It offers dimming by integrating LEDs with dimmers, which helps in reducing the consumption of energy. Lighting dimmers also promote green environment due to reduced energy consumption, while extending the durability of LEDs. The LED drivers are finding their applications in automotive, LED displays, and smartphone back lighting. In automotive lighting LED is the most trending lighting technology, which is gradually being adopted, majorly in luxury and premium segment vehicles. The growing concerns on vehicular safety has driven many countries to come up with stringent lighting regulations that require a specific brightness or temperature of the headlamps. These concerns are increasing the focus of automotive manufacturers on LED drivers. The emerging trends, such as development of visible light communication (VLC) LED drivers and development of color tunable LED drivers have a direct impact on the LED driver industry.
The favorable government policies and energy-saving capabilities of the LED drivers is driving the growth of the market, while lack of awareness about the benefits of the technology and the high replacement cost in case of failure is restraining the growth of the market.
Favorable Government Policies are diving the LED Driver Market
The increasing industrial development and population growth have led to a surge in global demand for energy in the recent years. The decreasing amount of resources and increasing demand for energy led to energy crisis over the world. To overcome this crisis, the governments of various countries have passed regulations on energy consumption, which state the use of energy saving consumer electronics. The regulations have enabled the manufacturers to invest in energy saving consumer electronics. Since an LED driver is an energy saving device, the government policies have a positive impact on the LED driver market. To give a start to the energy saving techniques the governments of various countries have started using LEDs and LED drivers in general lighting areas, such as streets, roads, and other public places, which rose the growth of the market. The various policies of governments on tax exemptions on Led devices has increased the LED penetration in various countries.
Asia-Pacific to be the Major Region Over the Forecast Period
Asia-Pacific has seen a significant growth in the LED driver market and is expected to witness a highest growth over the forecast period. The economic development and government policies due to rapid urbanization in the emerging countries has led to high usage of LED lighting. The fall in LED prices due to increase in investments by companies in expanding production facilities has resulted in a significant growth of the LED driver market in Asia-Pacific. The rapid urbanization and changing life styles of people have also resulted in increase in the penetration of Led lighting in automotive, building, and construction industries. The compatible size and aesthetic look has drawn attention of people with high standards, which resulted in a significant growth in the adoption of LED drivers. Countries, like China, India, Japan, and South Korea are contributing a major share in the region.
Key Developments in the LED Driver Market
Apr 2018: Tridonic and Enlighted have continued to push the IoT-ready Alliance encouraging solid-state lighting (SSL) manufacturers to future proof their products, and Tridonic has added such support in a new driver
Apr 2018: Helvar introduced LED drivers with filtered hybrid dimming, a technology that results in stabilized, extremely high-quality light at the lowest dimming levels for even the most demanding applications, such as flicker-free camera recording
LED Driver Market LED Driver Market Players:
Texas Instruments Incorporated
Maxim Integrated Inc.
ROHM Semiconductor
ON Semiconductor
Osram GmbH
Toshiba
Power Integration
STMicroelectronics
Microchip Technology
Taiwan Semiconductor
Infineon Technologies
Reasons to Purchase LED Driver Market Report
To understand the impact of government policies on the market
Analysis of various perspectives of the market with the help of Porter’s five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market during the forecast period
Latest developments, market shares, and strategies employed by the major market players and key innovators
3-month analyst support, along with the Market Estimate sheet (in excel)
Customize LED Driver Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Frequently Asked Questions
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