Global Automotive LED Drivers Market Size, Share, Growth Analysis, By Application(Interior Lighting, Exterior Lighting), By Type(Constant Current, Constant Voltage) - Industry Forecast 2024-2031

PUBLISHED: April 9, 2024

PAGES: 202 Pages

DELIVERY TIME: 3-5 business days

ADD TO COMPARE

SELECT AN OPTION

Description

Global Automotive LED Drivers Market size was valued at USD 6.79 billion in 2022 and is poised to grow from USD 8.39 billion in 2023 to USD 45.38 billion by 2031, growing at a CAGR of 23.5% during the forecast period (2024-2031).

The worldwide market for automotive LED drivers aims to meet the growing need for eco-friendly and economical lighting options that can be used in cars. As a result, LED drivers function as electronic devices and are crucial in managing the power supplied to an LED light system in a vehicle. These are crucial because they effectively focus the LEDs by limiting voltage and current, extending their useful life. The use of automotive LED lights for headlamps has grown at a pace of 1.4 times over the last five years, and based on current trends, this growth rate is expected to reach 2.1 times in the near future. Second, by the conclusion of the projected projections period, the sidelight sector is expected to grow at a robust 9.5% CAGR, representing a huge opportunity valued at USD 1.2 billion. The recent extraordinary growth in the automotive LED light industry can be attributed to the growing popularity of premium passenger automobiles throughout the world. The world's population growth will likely contribute to the continued appeal of auto led lights in the near future. High product replacement rates are driving this industry, especially when it comes to the replacement of obsolete halogen light technologies with new LED lights.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Automotive LED Drivers Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Automotive LED Drivers Market Segmental Analysis

Global Automotive LED Drivers Market is segmented on the basis of application, type, and region. By application, the market is segmented into interior lighting, exterior lighting, dashboard lighting. By type, the market is segmented into constant current, constant voltage, hybrid. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Automotive LED Drivers Market

The creation of creative LED lighting solutions that provide improved performance, dependability, and aesthetics is the result of advancements in automotive lighting technology. LED drivers are essential parts of these lighting solutions because they supply the voltage and power needed for effective and secure operation.

Restraints in the Global Automotive LED Drivers Market

To guarantee secure and effective functioning, LED drivers need to adhere to stringent quality standards and dependability specifications. Low-quality LED drivers can cause malfunctions, breakdowns, and safety concerns, which erode consumer confidence and limit demand in the market.

Market Trends of the Global Automotive LED Drivers Market

Advanced features like color management, dimming, and automatic brightness adjustment are in high demand for LED drivers due to the growing emphasis on safety and driver aid systems. The automobile industry's need for sophisticated LED drivers is predicted to increase as a result of this trend.

Product Code: SQMIG20D2168

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Automotive LED Drivers Market by Application

Market Overview
Interior Lighting
Exterior Lighting
Dashboard Lighting

Global Automotive LED Drivers Market by Type

Market Overview
Constant Current
Constant Voltage
Hybrid.

Global Automotive LED Drivers Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Texas Instruments Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ON Semiconductor (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Infineon Technologies AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
STMicroelectronics (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NXP Semiconductors N.V. (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Maxim Integrated (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Renesas Electronics Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Analog Devices, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ROHM Semiconductor (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
OSRAM GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cree, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Diodes Incorporated (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Richtek Technology Corporation (Taiwan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Monolithic Power Systems, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Power Integrations, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Allegro Microsystems, LLC (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Melexis (Belgium)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lumileds Holding B.V. (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Beijing Epsolar Technology Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ABLIC Inc. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Xidas IoT (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments