LED Driver Global Market Report 2025

Description

An LED driver is an essential electrical component that manages the power flow to a single LED or a series of LEDs. It plays a crucial role in controlling and regulating the power supplied to LEDs to prevent damage and ensure proper operation. Attempting to operate LEDs without a compatible LED driver can lead to system failure.

The major types of supply provided by LED drivers are constant current and constant voltage. Constant current ensures that the power circuit regulates the output voltage to maintain a consistent level. There are various luminaire types, including decorative lamps, integral LED modules, reflectors, T lamps, and type lamps. LED drivers find applications in diverse sectors such as automotive, consumer electronics, and outdoor displays. They cater to different end-user segments such as residential lighting, outdoor and traffic lighting, industrial lighting, commercial lighting, and more.

The LED driver market research report is one of a series of new reports from. The Business Research Company that provides LED driver market statistics, including LED driver industry global market size, regional shares, competitors with a LED driver market share, detailed LED driver market segments, market trends and opportunities, and any further data you may need to thrive in the LED driver industry. This LED driver market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The LED driver market size has grown exponentially in recent years. It will grow from $8.1 billion in 2024 to $9.99 billion in 2025 at a compound annual growth rate (CAGR) of 23.3%. The growth in the historic period can be attributed to government initiatives and regulations, declining led component costs, growing environmental awareness, rising urbanization and infrastructure development, increasing demand for energy efficiency.

The LED driver market size is expected to see exponential growth in the next few years. It will grow to $21.9 billion in 2029 at a compound annual growth rate (CAGR) of 21.7%. The growth in the forecast period can be attributed to advancements in smart lighting solutions, expanding IoT integration, rising demand for sustainable lighting, growing energy efficiency, emergence of connected cities. Major trends in the forecast period include increased adoption of DALI and PoE, rise of human-centric lighting, compatibility with advanced controls, growing adoption of IoT in lighting, advancements in wireless technologies.

The LED driver market is anticipated to witness growth, propelled by the increasing prevalence of smart homes. Smart homes are equipped with appliances and devices that can be remotely controlled through networked and internet-enabled devices. LED drivers play a crucial role in regulating power for LEDs in smart homes. As per Oberlo, the number of smart home households in the US grew by 6.69% in 2021, reaching 57.4 million in 2022 from 53.8 million in the previous year, indicating a rising trend in smart homes and driving the LED driver market.

The expansion of the LED driver market is expected to be fueled by the growing adoption of energy-efficient lighting. Energy-efficient lighting, which consumes less energy than traditional technologies, relies on LED drivers to convert AC mains power into regulated DC current suitable for powering LED arrays. A survey by ABB Ltd. revealed that 89% of respondents from 2294 companies plan to invest in energy-efficient lighting, with 40% intending to improve energy efficiency in 2022. This increasing focus on energy efficiency contributes to the growth of the LED driver market.

A notable trend in the LED driver market is technological advancements, with major companies actively developing innovative solutions. For instance, in May 2022, SiliconCore Technology Inc., a US-based provider of LED display panels, introduced CCT-ZL2, an LED driver chip featuring patented CommonCathode Technology. This technology facilitates the secure and efficient connection and management of IoT devices, utilizing the LoRAWAN protocol for long-range networking in remote locations. This advancement highlights the ongoing technological evolution within the LED driver market.

Major companies in the LED driver market are concentrating on the development of innovative products, such as sport LED drivers. These specialized LED drivers are designed for rugged use in sports lighting applications, offering enhanced durability compared to standard drivers. Delta Electronics Inc., a Taiwan-based manufacturer of electronic components, launched the EUCO-2.1kW LED drivers, catering to sports and commercial lighting applications. These drivers, certified with the D4i standard, enable integration with IoT systems for increased control and automation of lighting, showcasing innovation within the LED driver market.

In October 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturing company, acquired GaN Systems Inc. for an undisclosed amount. This strategic acquisition aims to accelerate Infineon's leadership in power semiconductors by enhancing its technological capabilities and addressing the growing market demand for energy-efficient solutions. Additionally, the acquisition aligns with Infineon's sustainability initiatives. GaN Systems Inc. is a Taiwan-based semiconductor supplier specializing in gallium nitride (GaN) technology, which is crucial for developing high-performance power devices. This move is expected to strengthen Infineon's position in the rapidly evolving semiconductor market.

Major companies operating in the LED driver market include Texas Instruments Incorporated, ams-OSRAM AG, GE Current, ROHM Co Ltd., Macroblock Inc., Semiconductor Components Industries LLC, Cree LED, Signify Holding, Samsung Corporation, Lutron Electronics Co Ltd., NXP Semiconductors, STMicroelectronics, ACE LEDS, BOKE Drivers Co Ltd., Osram GmbH, General Electric Company, ROHM Semiconductors, ON Semiconductor, AC Electronics, Hubbell Inc., Eaton Corporation PLC, Crestron Electronics Inc., Tridonic, Mean Well Enterprises Co. Ltd., Inventronics, Philips, LIFUD

Asia-Pacific was the largest region in the LED driver market in 2024. The regions covered in the led driver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the led driver market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The LED driver market consists of sales of regulated LED driver, high power LED driver, dimmable LED driver and LED string driver. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

LED Driver Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on led driver market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for led driver ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The led driver market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Supply Type: Constant Current; Constant Voltage
2) By Luminaire Type: Decorative Lamps; Integral LED Modules; Reflectors; T Lamps; Type A Lamp
3) By Application: Automotive; Consumer Electronics; Lighting Outdoor Display
4) By End User: Residential Lighting; Outdoor And Traffic Lighting; Industrial Lighting; Commercial Lighting; Other End Users
Subsegments:
1) By Constant Current: Buck LED Drivers; Boost LED Drivers; Buck-Boost LED Drivers
2) By Constant Voltage: LED Power Supply Units; Linear LED Drivers; Switching LED Drivers
Companies Mentioned: Texas Instruments Incorporated; ams-OSRAM AG; GE Current; ROHM Co Ltd.; Macroblock Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r23513

1. Executive Summary

2. LED Driver Market Characteristics

3. LED Driver Market Trends And Strategies

4. LED Driver Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

5. Global LED Driver Growth Analysis And Strategic Analysis Framework

5.1. Global LED Driver PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global LED Driver Market Growth Rate Analysis
5.4. Global LED Driver Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global LED Driver Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global LED Driver Total Addressable Market (TAM)

6. LED Driver Market Segmentation

6.1. Global LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Constant Current
Constant Voltage
6.2. Global LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Decorative Lamps
Integral LED Modules
Reflectors
T Lamps
Type A Lamp
6.3. Global LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Automotive
Consumer Electronics
Lighting Outdoor Display
6.4. Global LED Driver Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Residential Lighting
Outdoor And Traffic Lighting
Industrial Lighting
Commercial Lighting
Other End Users
6.5. Global LED Driver Market, Sub-Segmentation Of Constant Current, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Buck LED Drivers
Boost LED Drivers
Buck-Boost LED Drivers
6.6. Global LED Driver Market, Sub-Segmentation Of Constant Voltage, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
LED Power Supply Units
Linear LED Drivers
Switching LED Drivers

7. LED Driver Market Regional And Country Analysis

7.1. Global LED Driver Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global LED Driver Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific LED Driver Market

8.1. Asia-Pacific LED Driver Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China LED Driver Market

9.1. China LED Driver Market Overview
9.2. China LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India LED Driver Market

10.1. India LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan LED Driver Market

11.1. Japan LED Driver Market Overview
11.2. Japan LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia LED Driver Market

12.1. Australia LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia LED Driver Market

13.1. Indonesia LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea LED Driver Market

14.1. South Korea LED Driver Market Overview
14.2. South Korea LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe LED Driver Market

15.1. Western Europe LED Driver Market Overview
15.2. Western Europe LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK LED Driver Market

16.1. UK LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany LED Driver Market

17.1. Germany LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France LED Driver Market

18.1. France LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy LED Driver Market

19.1. Italy LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain LED Driver Market

20.1. Spain LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe LED Driver Market

21.1. Eastern Europe LED Driver Market Overview
21.2. Eastern Europe LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia LED Driver Market

22.1. Russia LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America LED Driver Market

23.1. North America LED Driver Market Overview
23.2. North America LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA LED Driver Market

24.1. USA LED Driver Market Overview
24.2. USA LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada LED Driver Market

25.1. Canada LED Driver Market Overview
25.2. Canada LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America LED Driver Market

26.1. South America LED Driver Market Overview
26.2. South America LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil LED Driver Market

27.1. Brazil LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East LED Driver Market

28.1. Middle East LED Driver Market Overview
28.2. Middle East LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa LED Driver Market

29.1. Africa LED Driver Market Overview
29.2. Africa LED Driver Market, Segmentation By Supply Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa LED Driver Market, Segmentation By Luminaire Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa LED Driver Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. LED Driver Market Competitive Landscape And Company Profiles

30.1. LED Driver Market Competitive Landscape
30.2. LED Driver Market Company Profiles
- 30.2.1. Texas Instruments Incorporated Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. ams-OSRAM AG Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. GE Current Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. ROHM Co Ltd. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Macroblock Inc. Overview, Products and Services, Strategy and Financial Analysis

31. LED Driver Market Other Major And Innovative Companies

31.1. Semiconductor Components Industries LLC
31.2. Cree LED
31.3. Signify Holding
31.4. Samsung Corporation
31.5. Lutron Electronics Co Ltd.
31.6. NXP Semiconductors
31.7. STMicroelectronics
31.8. ACE LEDS
31.9. BOKE Drivers Co Ltd.
31.10. Osram GmbH
31.11. General Electric Company
31.12. ROHM Semiconductors
31.13. ON Semiconductor
31.14. AC Electronics
31.15. Hubbell Inc.

32. Global LED Driver Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The LED Driver Market

34. Recent Developments In The LED Driver Market

35. LED Driver Market High Potential Countries, Segments and Strategies

35.1 LED Driver Market In 2029 - Countries Offering Most New Opportunities
35.2 LED Driver Market In 2029 - Segments Offering Most New Opportunities
35.3 LED Driver Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer