LED driver Market by Supply Type (Constant Current, Constant Voltage), Application Type (Lighting, Consumer Electronics, Automotive, Outdoor Display), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028

  • Publish Date: Oct, 2021
  • Report ID: 419677
  • Category: Electronics
  • Pages: 225
$4700

The LED driver market is expected to grow from USD 6.25 billion in 2020 to USD 37.73 billion by 2028, at a CAGR of 25.2% during the forecast period 2021-2028.

An electrical device that helps supply power to a string of LEDs in a regulated manner is an LED driver. The LED driver is used to prevent premature failure of the LED by controlling the thermal runaway. Thermal runaway is a phenomenon in which the temperature of the LED increases, the forward voltage VF and the light decrease as the current increases. Various factors are considered when designing the LED driver, such as the need to have a constant current or voltage driver, and another factor is the type of LED to be used, space constraints, commercial viability, application of the device and other factors. 

The factors driving the market are growing technological advancement in lighting components which has enabled energy efficiency and improved performance, growing penetration of LED lighting in various applications, such as outdoor, automotive, industrial and horticulture across the globe, various countries have launched smart city initiatives to develop technologically advanced and sustainable living spaces and rising demand for intelligent IOT-based lighting solutions. The factors restraining the market growth are that Solid-state lighting (SSL) and driver manufacturers worldwide follow their standards in manufacturing such an essential component of lighting systems, resulting in a lack of interoperability between end-use applications. Investing more in research and development to improve the efficiency of existing lighting solutions is expected to provide market growth opportunities.

This study delivers a comprehensive analysis of supply type, application type, and Region. The supply type segment includes constant current, constant voltage. The constant current segment held the largest market share in 2020, owing to the high usage in developing economiesas they offer more control and ability to design uniform brightness and clear display and more efficient as they are able to stabilize the current flow, thus consuming less power than constant voltage drivers. The application type segment includes lighting, consumer electronics, automotive, outdoor display. The consumer electronics segment holds the largest market share, owing to growing adoption of smartphones and LED TVs.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific holds the largest market share, owing to the government subsidies, improved manufacturing facilities and greater penetration of LED lighting in the region and rapid economic expansion and an increasing number of households along with greater access to electricity in rural areas. North America is expected to witness significant growth, owing to the growing adoption of LED lighting in the high-end and low-end automotive segments. The Europe region is anticipated to grow and holds the largest share, as the EU ban on less efficient halogen and incandescent bulbs along with profitable LED incentive programs.

Some of the notable players in the market are Atmel Corp., Cree, Inc., General Electric Company, Koninklijke Philips N.V., Macroblock, Inc., Lutron Electronics Co., Inc., Maxim Integrated Products, Inc., Harvard Technology Ltd., On Semiconductor Corp., Osram GmbH, STMicroelectronics, NXP Semiconductors N.V., Texas Instruments, Inc., ROHM Semiconductorsand AC Electronics.

LED driver Market Analysis and Forecast, Supply Type

  • Constant Current
  • Constant Voltage

LED driver Market Analysis and Forecast, Application Type

  • Lighting
  • Consumer Electronics
  • Automotive
  • Outdoor Display

LED driver Market Analysis and Forecast, Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of MEA

Report Description:

  • The base year for the study has been considered 2020, historic year 2019, the forecast period considered is from 2021 to 2028.
  • The study delivers a comprehensive analysis of global market for all segments and region
  • The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2021 to 2028.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, Application Type offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Supply Type
          4.3.2. Market Attractiveness Analysis By Application Type
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Growing penetration of LED lighting in various applications
          5.2.2. Growing technological advancement in lighting components
          5.2.3. Rising demand for intelligent IOT-based lighting solutions
    5.3. Restraints
          5.3.1. Manufacturing standards followed by Solid-state lighting (SSL) and driver manufacturers worldwide
    5.4. Opportunities
          5.4.1. Investing more in research and development to improve the efficiency of existing lighting solutions
6. Global LED driver Market Analysis and Forecast, By Supply Type
    6.1. Segment Overview
    6.2. Constant Current
    6.3. Constant Voltage
7. Global LED driver Market Analysis and Forecast, By Application Type
    7.1. Segment Overview
    7.2. Lighting
    7.3. Consumer Electronics
    7.4. Automotive
    7.5. Outdoor Display
8. Global LED driver Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
9. Global LED driver Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global LED driver Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
10. Company Profiles
    10.1. Atmel Corp.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Cree, Inc.
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. General Electric Company
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Ancol Pet Products Limited
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Koninklijke Philips N.V.
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Macroblock, Inc.
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Lutron Electronics Co., Inc.
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Maxim Integrated Products,Inc.,
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Harvard Technology Ltd.
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. On Semiconductor Corp.
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Osram GmbH
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Product Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. STMicroelectronics
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Product Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. NXP Semiconductors N.V.
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Product Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Texas Instruments, Inc.
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Product Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
    10.15. AC Electronics
          10.15.1. Business Overview
          10.15.2. Company Snapshot
          10.15.3. Company Market Share Analysis
          10.15.4. Company Product Portfolio
          10.15.5. Recent Developments
          10.15.6. SWOT Analysis
    10.16. ROHM Semiconductors
          10.16.1. Business Overview
          10.16.2. Company Snapshot
          10.16.3. Company Market Share Analysis
          10.16.4. Company Product Portfolio
          10.16.5. Recent Developments
          10.16.6. SWOT Analysis

List of Table

1. Global LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

2. Global Constant Current, LED driver Treatment Market, By Region, 2021-2028 (USD Billion) 

3. GlobalConstant Voltage, LED driver Treatment Market, By Region, 2021-2028 (USD Billion)

4. Global LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

5. Global Lighting, LED driver Treatment Market, By Region, 2021-2028 (USD Billion)

6. Global Consumer Electronics, LED driver Treatment Market, By Region, 2021-2028 (USD Billion)

7. Global Automotive, LED driver Treatment Market, By Region, 2021-2028 (USD Billion)

8. Global Outdoor Display, LED driver Treatment Market, By Region, 2021-2028 (USD Billion)

9. North America LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

10. North America LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

11. U.S. LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

12. U.S. LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

13. Canada LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

14. CanadaLED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

15. Mexico LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

16. Mexico LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

17. Europe LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

18. Europe LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

19. Germany LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

20. Germany LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

21. France LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

22. France LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

23. U.K. LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

24. U.K. LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

25. Italy LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

26. Italy LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

27. Spain LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

28. Spain LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

29. Asia Pacific LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

30. Asia Pacific LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

31. Japan LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

32. Japan LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

33. China LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

34. China LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

35. India LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

36. India LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

37. South America LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

38. South America LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

39. Brazil LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

40. Brazil LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

41. Middle East and Africa LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

42. Middle East and Africa LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

43. UAE LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

44. UAE LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

45. South Africa LED driver Treatment Market, By Supply Type, 2021-2028 (USD Billion)

South Africa LED driver Treatment Market, By Application Type, 2021-2028 (USD Billion)

List of Figures 

1. Global LED driverMarket Segmentation

2. Global LED driver Treatment Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global LED driverMarket Attractiveness Analysis By Supply Type

9. Global LED driverMarket Attractiveness Analysis By Application Type

10. Global LED driverMarket Attractiveness Analysis By Region

11. Global LED driver Market: Dynamics

12. Global LED driverMarket Share by Supply Type(2021&2028)

13. Global LED driverMarket Share By Application Type (2021&2028)

14. Global LED driverMarket Share by Regions (2021&2028)

15. Global LED driverMarket Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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Dear Siddhartha,
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