Global LED Driver Market Size is estimated to expand rapidly in coming years, at a CAGR of 15.1 % from 2018 to 2025. In 2017, the global market valuation was USD 3.9 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The LED driver is an electrical device that provides energy in a controlled way to a string of LEDs. The conductor also protects the LEDs from having a premature failure by regulating thermal runaway, which is a phenomenon whereby, with a rise in running LED temperature, the forward voltage VF reduces the current. Technological progress in lighting parts has allowed energy efficiency and enhanced efficiency, thus enhancing product demand. Demand for IoT based smart lighting solutions, growing penetration of smart LED devices in various applications, and increasing R&D investments are key points behind the market growth of LED driver. Geographically, Asia Pacific has accounted for the largest share in the global market of LED driver.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global LED driver market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global LED driver market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Supply Type Insights: On the basis of supply type, global LED driver market has been segmented into constant voltage, constant current. Among which constant current type has accounted largest share and is expected to maintain its dominance in the global market of the LED driver. Constant current products are desirable for several operating systems as they give more power and capacity to design standardized luminosity and clear display. The goods of constant voltage are used in apps requiring many LED lights to be linked in series.

By Application Insights: On the basis of application, the global LED driver market has been segmented into automotive, consumer electronics, lighting, outdoor display. Among which consumer electronics is highest growing region in the global market of LED driver market owing to the increasing adoption of smartphones and LED TVs among developed countries. The outdoor display section involves street signs, video walls, vending machines and other comparable displays of applications. Demand for video walls has risen considerably in industrialized countries such as the U.S. and the U.K. due to the expansion of the digital marketing and advertising industry.

Regional Analysis

The LED driver market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, the Asia Pacific region is expected to witness high growth in the market in the forecast period. This growth is directly related to government support, improved production facilities and increased stimulation of LED lighting in the region. Moreover, rapid economic expansion and increasing adoption of LED lights are expected to dominate the global market of the LED driver.

North America is expected to witness high growth in the upcoming time span. Countries such as the U.S. and Canada have experienced enhanced acceptance of outdoor applications technology. Europe is anticipated to dominate the global LED driver market over the projected period. The prohibition on less effective halogen and incandescent bulbs by the European Union along with profitable grant programs on LEDs is increasing the region's market.

Global LED Driver Market Size, Share Analysis by Region 2017

Global LED Driver Market Study Objective

1. To forecast the market size of LED driver market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of LED driver market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of LED driver markets, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of LED driver market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the LED driver market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

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

Global LED Driver Market Study Report Offer You!

The global LED driver market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.