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LED Driver Market Report by Component (Driver IC, Discrete Components, and Others), Luminaire Type (Decorative Lamps, Reflectors, Type A Lamp, T Lamp, Integral LED Modules, and Others), Supply Type (Constant Current, Constant Voltage), End User (Residential, Commercial, Industrial), and Region 2024-2032

April 2024 | 135 pages | ID: L5E286E655FAEN
IMARC Group

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The global LED driver market size reached US$ 12.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.9 Billion by 2032, exhibiting a growth rate (CAGR) of 16.9% during 2024-2032.

A light-emitting diode (LED) driver is a self-contained electrical device incorporated in an LED circuit to provide constant current or voltage. Its components generally include a resistor, electrolytic capacitor, bridge rectifier, Zener diode, and polarized capacitor. It is compact, lightweight, cost-effective, energy-efficient, and easy to install and requires low maintenance. As a result, it is widely used in residential and commercial buildings for lighting and decorative purposes. It is also utilized in cars, bikes, and various other automobiles as an indicator around the world.

LED Driver Market Trends:
The escalating demand for LED lighting solutions on account of a significant rise in power consumption, increasing global population, changing climatic conditions, and improving lifestyles of individuals represents one of the key factors impelling the market growth. In addition, inadequate power generation that has led to higher electricity prices is facilitating the adoption of energy-efficient LED lighting solutions worldwide. This, along with the rapid expansion of smart city projects and initiatives undertaken by government of numerous countries to encourage the use of energy-efficient technologies and ban inefficient lighting solutions, is contributing to the market growth. Apart from this, the growing emphasis on relacing conventional bulbs with LEDs in modern vehicles for high luminous efficiency and increasing safety is catalyzing the demand for LED drivers across the globe. This can also be attributed to boosting sales of passenger vehicles worldwide on account of rapid urbanization and improving urban road infrastructure. Furthermore, the rising number of outdoor events, coupled with the emergence of digital-out-of-home (DOOH) advertising, is augmenting the use of LED modular displays. This, in confluence with the growing awareness about the importance of energy conservation, is creating a positive influence on the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global LED driver market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, luminaire type, supply type, and end user.

Breakup by Component:

Driver IC
Discrete Components
Others

Breakup by Luminaire Type:

Decorative Lamps
Reflectors
Type A Lamp
T Lamp
Integral LED Modules
Others

Breakup by Supply Type:

Constant Current
Constant Voltage

Breakup by End User:

Residential
Commercial
Industrial

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AC Electronics, ams AG, Hatch Lighting, Lutron Electronics Co. Inc., Macroblock Inc., Maxim Integrated Products Inc. (Analog Devices Inc.), Microchip Technology Inc., NXP Semiconductors N.V., Rohm Co. Ltd., Semiconductor Components Industries LLC, Signify N.V., SMART Global Holdings Inc., and Texas Instruments Incorporated.

Key Questions Answered in This Report

1. What was the size of the global LED driver market in 2023?
2. What is the expected growth rate of the global LED driver market during 2024-2032?
3. What are the key factors driving the global LED driver market?
4. What has been the impact of COVID-19 on the global LED driver market?
5. What is the breakup of the global LED driver market based on the component?
6. What is the breakup of the global LED driver market based on the luminaire type?
7. What is the breakup of the global LED driver market based on the supply type?
8. What is the breakup of the global LED driver market based on the end user?
9. What are the key regions in the global LED driver market?
10. Who are the key players/companies in the global LED driver market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL LED DRIVER MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Driver IC
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Discrete Components
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY LUMINAIRE TYPE

7.1 Decorative Lamps
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Reflectors
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Type A Lamp
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 T Lamp
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Integral LED Modules
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Others
  7.6.1 Market Trends
  7.6.2 Market Forecast

8 MARKET BREAKUP BY SUPPLY TYPE

8.1 Constant Current
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Constant Voltage
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY END USER

9.1 Residential
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Commercial
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Industrial
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 AC Electronics
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 ams AG
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
  15.3.3 Hatch Lighting
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Lutron Electronics Co. Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 SWOT Analysis
  15.3.5 Macroblock Inc.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
  15.3.6 Maxim Integrated Products Inc. (Analog Devices Inc.)
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 SWOT Analysis
  15.3.7 Microchip Technology Inc.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 NXP Semiconductors N.V.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Rohm Co. Ltd.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 Semiconductor Components Industries LLC
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 Signify N.V.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
  15.3.12 SMART Global Holdings Inc.
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
    15.3.12.4 SWOT Analysis
  15.3.13 Texas Instruments Incorporated
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
    15.3.13.3 Financials
    15.3.13.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: LED Driver Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: LED Driver Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: LED Driver Market Forecast: Breakup by Luminaire Type (in Million US$), 2024-2032
Table 4: Global: LED Driver Market Forecast: Breakup by Supply Type (in Million US$), 2024-2032
Table 5: Global: LED Driver Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: LED Driver Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: LED Driver Market: Competitive Structure
Table 8: Global: LED Driver Market: Key Players

LIST OF FIGURES

Figure 1: Global: LED Driver Market: Major Drivers and Challenges
Figure 2: Global: LED Driver Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: LED Driver Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: LED Driver Market: Breakup by Component (in %), 2023
Figure 5: Global: LED Driver Market: Breakup by Luminaire Type (in %), 2023
Figure 6: Global: LED Driver Market: Breakup by Supply Type (in %), 2023
Figure 7: Global: LED Driver Market: Breakup by End User (in %), 2023
Figure 8: Global: LED Driver Market: Breakup by Region (in %), 2023
Figure 9: Global: LED Driver (Driver IC) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: LED Driver (Driver IC) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: LED Driver (Discrete Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: LED Driver (Discrete Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: LED Driver (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: LED Driver (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: LED Driver (Decorative Lamps) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: LED Driver (Decorative Lamps) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: LED Driver (Reflectors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: LED Driver (Reflectors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: LED Driver (Type A Lamp) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: LED Driver (Type A Lamp) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: LED Driver (T Lamp) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: LED Driver (T Lamp) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: LED Driver (Integral LED Modules) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: LED Driver (Integral LED Modules) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: LED Driver (Other Luminaire Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: LED Driver (Other Luminaire Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: LED Driver (Constant Current) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: LED Driver (Constant Current) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: LED Driver (Constant Voltage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: LED Driver (Constant Voltage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: LED Driver (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: LED Driver (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: LED Driver (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: LED Driver (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: LED Driver (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: LED Driver (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: North America: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: North America: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: United States: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: United States: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Canada: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Canada: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Asia-Pacific: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Asia-Pacific: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: China: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: China: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Japan: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Japan: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: India: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: India: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: South Korea: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: South Korea: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Australia: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Australia: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Indonesia: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Indonesia: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Europe: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Europe: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Germany: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Germany: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: France: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: France: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: United Kingdom: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: United Kingdom: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Italy: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Italy: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Spain: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Spain: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Russia: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Russia: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Latin America: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Latin America: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Brazil: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Brazil: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Mexico: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Mexico: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Others: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Others: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Middle East and Africa: LED Driver Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Middle East and Africa: LED Driver Market: Breakup by Country (in %), 2023
Figure 85: Middle East and Africa: LED Driver Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Global: LED Driver Industry: SWOT Analysis
Figure 87: Global: LED Driver Industry: Value Chain Analysis
Figure 88: Global: LED Driver Industry: Porter's Five Forces Analysis


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