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PUBLISHER: IMARC | PRODUCT CODE: 1468106
PUBLISHER: IMARC | PRODUCT CODE: 1468106
LED Driver Market Report by Component, Luminaire Type, Supply Type, End User, and Region 2024-2032
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PAGES: 135 Pages
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The global LED driver market size reached US$ 12.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.9 Billion by 2032, exhibiting a growth rate (CAGR) of 16.9% during 2024-2032.
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:
IMARC Group 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. Our 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?
Product Code: SR112024A4904
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
- 10.1.1 United States
- 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
- 10.2.1 China
- 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
- 10.3.1 Germany
- 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
- 10.4.1 Brazil
- 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
- 15.3.1 AC Electronics
Product Code: SR112024A4904
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
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