The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing number of smart homes is likely to spur innovation in LED driver production, propelling the market during the forecast period.

The global LED driver market is expected to grow from $5.35 billion in 2022 to $6.67 billion in 2023 at a compound annual growth rate (CAGR) of 24.7%. The global LED driver market size is expected to reach $14.96 billion in 2027 at a CAGR of 22.3%.

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Global LED Driver Market Segments Include:

• By Supply Type: Constant Current, Constant Voltage
• By Luminaire Type: Decorative Lamps, Integral LED Modules, Reflectors, T Lamps, Type A Lamp
• By Application: Automotive, Consumer Electronics, Lighting Outdoor Display
• By End User: Residential Lighting, Outdoor and Traffic Lighting, Industrial Lighting, Commercial Lighting, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global LED driver market in 2021.

Major Market Players in the LED driver market include Texas Instruments Incorporated, ams-OSRAM AG, Atmel Corporation, GE Current, ROHM Co Ltd., Macroblock Inc., Semiconductor Components Industries LLC, Cree LED, Signify Holding.

Product innovation is a key trend that is gaining traction in the LED driver industry. To enhance their position in the LED driver industry, major businesses are focusing on developing innovative technological solutions. For example, Nexperia, a semiconductor firm based in the Netherlands, will release the “AEC-Q101,” an industry-first LED driver in a DFN package with side-wettable sides, in October 2020. It has side-wettable flank technology that allows for automatic visual inspection and increases reliability. When compared to leaded packages of equal performance, the leadless driver is predicted to save up to 90% of PCB space. With side-wettable flanks, the driver can withstand higher board flexing without cracking and has stronger resistance to shear stress. It is a discrete DFN portfolio in a durable, space-saving container. While the bottom motorised lens’s focal lengths of 10-50 mm (8A86) or 8-32 mm (8A46) are designed to check on certain security incidents in depth, the top fixed lens always offers the entire picture.

The LED Driver Global Market Report 2023  provides a LED driver market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The LED driver market forecast analyzes LED driver market size, LED driver market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A LED driver is an electrical component that regulates the flow of power to a single LED or a series of LEDs. It is a necessary component of an LED circuit, and if one is not present, the system will fail. They are used to prevent damage by controlling the power of an LED or a string of lights.

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