Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global LED Driver Market to reach USD 22.09 billion by 2028.

Global LED Driver Market Size study, by Supply Type (Constant Voltage, Constant Current), by Application (Automotive, Consumer Electronics, Lighting Outdoor Display) and Regional Forecasts 2022-2028.

Product Code: EESC-93582317
Publish Date: 5-07-2022
Page: 200

Global LED Driver Market is valued approximately USD 5.04 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 523.5% over the forecast period 2022-2028. The light-emitting diode driver has become a vital component of industrial and commercial lighting, significantly lowering power costs. The increasing use of LED lights in a variety of applications, including outdoor, automotive, industrial, and horticulture lighting, is fueling the expansion of the global LED driver market. Various governments throughout the world have undertaken smart city programmes to provide technologically sophisticated and environmentally friendly living environments. Sustainable lighting is a critical component of such initiatives. As a result, demand for IoT-based smart lighting systems is increasing in these nations. Many cities have also installed smart street lights that use daylight sensors to switch on and off. Next-generation light emitting diodes make it easier for designers to create efficient luminaries. A high voltage driver, for example, may power up to 17 LEDs in series at constant currents ranging from 350mA to 1,200mA. Such advances are projected to drive future market growth. Furthermore, firms like Signify Holdings and Microchip Technology, Inc are investing more in R&D to increase the efficiency of existing lighting systems. Signify Holdings, for example, unveiled a new range of Philips Hue intelligent lighting products and functionalities in January 2022 to let consumers create the right atmosphere both indoors and out. Philips Hue Lucca wall light, Inara wall light, Calla bollard in stainless steel, and Resonate wall light were among the new models. However, absence of certain industry-defined standards to test the characteristics and behavior of such drivers impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global LED Driver Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific emerged as the market leader. The regional growth is attributable to increasing penetration of LED lighting, government subsidies, and improving manufacturing facilities in the region. China is a global base for consumer and industrial electronics manufacturing and a prominent supplier of LED drivers to the world. The increasing demand for LEDs across consumer electronics, such as smartphones, tablets, laptops, and T.V.s, is expected to drive the demand for these components over the forecast period.

Major market player included in this report are:
Microchip Technology, Inc
Cree LED
GE Current, a Daintree Company
Signify Holdings
Lutron Electronics Co., Ltd
Macroblock, Inc
Maxim Integrated
NXP Semiconductors
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Supply Type:
Constant Voltage
Constant Current
By Application:
Consumer Electronics
Lighting Outdoor Display
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global LED Driver Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. LED Driver Market, by Region, 2020-2028 (USD Billion)
1.2.2. LED Driver Market, by Supply Type, 2020-2028 (USD Billion)
1.2.3. LED Driver Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global LED Driver Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global LED Driver Market Dynamics
3.1. LED Driver Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing penetration of the light emitting diodes used lighting in commercial and industrial segments Increasing investment in research and development to improve the efficiency of the existing lighting solutions.
3.1.2. Market Challenges Absence of certain industry-defined standards to test the characteristics and behaviour of such drivers
3.1.3. Market Opportunities Technological improvements in LED Driver
Chapter 4. Global LED Driver Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global LED Driver Market, by Supply Type
6.1. Market Snapshot
6.2. Global LED Driver Market by Supply Type, Performance – Potential Analysis
6.3. Global LED Driver Market Estimates & Forecasts by Supply Type 2018-2028 (USD Billion)
6.4. LED Driver Market, Sub Segment Analysis
6.4.1. Constant Voltage
6.4.2. Constant Current
Chapter 7. Global LED Driver Market, by Application
7.1. Market Snapshot
7.2. Global LED Driver Market by Application, Performance – Potential Analysis
7.3. Global LED Driver Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
7.4. LED Driver Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Consumer Electronics
7.4.3. Lighting Outdoor Display
Chapter 8. Global LED Driver Market, Regional Analysis
8.1. LED Driver Market, Regional Market Snapshot
8.2. North America LED Driver Market
8.2.1. U.S. LED Driver Market Supply Type breakdown estimates & forecasts, 2018-2028 Application breakdown estimates & forecasts, 2018-2028
8.2.2. Canada LED Driver Market
8.3. Europe LED Driver Market Snapshot
8.3.1. U.K. LED Driver Market
8.3.2. Germany LED Driver Market
8.3.3. France LED Driver Market
8.3.4. Spain LED Driver Market
8.3.5. Italy LED Driver Market
8.3.6. Rest of Europe LED Driver Market
8.4. Asia-Pacific LED Driver Market Snapshot
8.4.1. China LED Driver Market
8.4.2. India LED Driver Market
8.4.3. Japan LED Driver Market
8.4.4. Australia LED Driver Market
8.4.5. South Korea LED Driver Market
8.4.6. Rest of Asia Pacific LED Driver Market
8.5. Latin America LED Driver Market Snapshot
8.5.1. Brazil LED Driver Market
8.5.2. Mexico LED Driver Market
8.6. Rest of The World LED Driver Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. ACE LEDS Key Information Overview Financial (Subject to Data Availability) Supply Type Summary Recent Developments
9.2.2. Microchip Technology, Inc
9.2.3. Cree LED
9.2.4. GE Current, a Daintree Company
9.2.5. Signify Holdings
9.2.6. SAMSUNG
9.2.7. Lutron Electronics Co., Ltd
9.2.8. Macroblock, Inc
9.2.9. Maxim Integrated
9.2.10. NXP Semiconductors
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now