LED Driver Market: Investment Opportunities and Business Development Strategies by Industry Giants 2021–2030

According to the report, the global LED driver market generated $7.40 billion in 2020, and is expected to garner $79.33 billion by 2030, witnessing a CAGR of 27.2% from 2021 to 2030. Surge in adoption of energy-efficient lighting, rise in development of programmable LED drivers, and increase in implementation of smart infrastructure in developing regions fuel the growth of the global LED driver market. However, high costs of installation hinders the market growth. On the other hand, emergence of IoT enabled lighting solutions presents new opportunities in the coming years.

The key players profiled in the LED driver industry include Texas Instruments, Osram GmbH, Maxim Integrated, Atmel Corporation, General Electric Company, ROHM Semiconductors, Macroblock Inc., ON Semiconductor, Cree, Inc., and AC Electronics. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaborations, to enhance their LED driver industry penetration.

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Key Benefits For Stakeholders

• This study comprises analytical depiction of the LED driver market size along with the current trends and future estimations to depict imminent investment pockets.
• The overall LED driver market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The present LED driver market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and the sensor market share of key vendors.
• The report includes the trends and the LED driver market share of key vendors.

The constant current segment to continue its dominance in terms of revenue during the forecast period

Based on supply type, the constant current segment contributed to the highest share in 2020, holding more than three-fifths of the global LED driver market, and is estimated to continue its dominance in terms of revenue during the forecast period, as constant current driver is used drive high power LED's because it maintains a consistent brightness across all LEDs in-series.

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The type A lamps segment to maintain its leadership status during the forecast period

Based on luminaire type, the type A lamps segment accounted for the largest share in 2020, contributing to nearly one-third of the global LED driver market, and is projected to maintain its leadership status during the forecast period. This is attributed to the fact that type A lamp offers the simplest installation process. However, the decorative lamps segment is projected to portray the largest CAGR of 30.3% from 2021 to 2030.

Europe, followed by North America, to continue its lead position by 2030

Based on region, Europe, followed by North America, held the highest market share in 2020, contributing to nearly one-third of the global LED driver market, and is projected to continue its lead position by 2030. The increasing demand for smart lighting solutions based on IOT and longer life span is driving the adoption of LED driver in his region. However, Asia-Pacific is expected to witness the fastest CAGR of 29.8% during the forecast period.

Key Market Segments

By Luminaire Type

• Decorative Lamps
• Reflectors
• Type A Lamp
• Others

By Supply Type

• Constant Current
• Constant Voltage

By Component

• Driver IC
• Discrete Components
• Others

By Industry Vertical

• Residential
• Commercial
• Industrial

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe 
• UK
• Germany
• France
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Singapore
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

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