March 5, 2024

LED Driver Market Size to Grow US$ 34.85 Billion By 2030

The global LED driver market size was approximate at US$ 7.45 billion in 2022 and is anticipated to grow US$ 34.85 billion by 2030, registering a compound annual growth rate of 21.28% from 2022 to 2030.

LED Driver Market Size 2022 to 2030

The LED driver market report covering various industry elements and growth trends helpful for predicting the market’s future.

The study provides a strong base for the LED driver market to be segmented into different segments. In fact, the study also covers the maximum market share during the assessment period by 2030.

This study is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2022 to 2030. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the LED driver report also speaks about the effectiveness of this market along with its growth during the forecast period of 2030. Other major attributes of the LED driver market have been studied and analysed across many developments.

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LED Driver Market Report Scope 

Report Coverage Details
Market Size in 2022 USD 7.45 Billion
Market Size by 2030 USD 34.85 Billion
CAGR 21.28% from 2022 to 2030
Asia Pacific Market Share 45% in 2022
Constant Current Segment Market Share 59.8% in 2022
Base Year 2022
Forecast Period 2022 to 2030

Also read: 5G In Healthcare Market Size to Grow US$ 459.71 Billion By 2030

Research Approach

The comprehensive report on the global LED driver market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global LED driver market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

Key Players

  • ACE LEDS
  • Cree LED
  • Signify Holding
  • Maxim Integrated
  • Texas Instruments Incorporated
  • NXP Semiconductors
  • STMicroelectronics
  • Bokedriver
  • MEAN WELL Enterprises Co.
  • Inventronics Inc.

LED Driver Market Segmentations

By Product

  • Constant Voltage
  • Constant Current

By Luminaire Type

  • Decorative Lamps
  • Reflectors
  • Type A Lamp
  • Others

By Component

  • Driver IC
  • Discrete Component
  • Others

By Control Feature

  • Wired
  • Wireless

By Application  

  • General Lighting
  • Electronic Devices
  • Automotive Lighting
  • Lighting Outdoor Display

By End-User  

  • Residential
  • Commercial
  • Industrial

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on LED Driver Market 

5.1. COVID-19 Landscape: LED Driver Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global LED Driver Market, By Product

8.1. LED Driver Market, by Product, 2022-2030

8.1.1. Constant Voltage

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Constant Current

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global LED Driver Market, By Luminaire Type

9.1. LED Driver Market, by Luminaire Type, 2022-2030

9.1.1. Decorative Lamps

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Reflectors

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Type A Lamp

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global LED Driver Market, By Component

10.1. LED Driver Market, by Component, 2022-2030

10.1.1. Driver IC

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Discrete Component

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Others

10.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global LED Driver Market, By Control Feature

11.1. LED Driver Market, by Control Feature, 2022-2030

11.1.1. Wired

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Wireless

11.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global LED Driver Market, By Application

12.1. LED Driver Market, by Application, 2022-2030

12.1.1. General Lighting

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Electronic Devices

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. Automotive Lighting

12.1.3.1. Market Revenue and Forecast (2017-2030)

12.1.4. Lighting Outdoor Display

12.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global LED Driver Market, By End-User

13.1. LED Driver Market, by End-User, 2022-2030

13.1.1. Residential

13.1.1.1. Market Revenue and Forecast (2017-2030)

13.1.2. Commercial

13.1.2.1. Market Revenue and Forecast (2017-2030)

13.1.3. Industrial

13.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 14. Global LED Driver Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Product (2017-2030)

14.1.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.1.3. Market Revenue and Forecast, by Component (2017-2030)

14.1.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.1.5. Market Revenue and Forecast, by Application (2017-2030)

14.1.6. Market Revenue and Forecast, by End-User (2017-2030)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.1.7.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.1.7.3. Market Revenue and Forecast, by Component (2017-2030)

14.1.7.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.1.8. Market Revenue and Forecast, by Application (2017-2030)

14.1.8.1. Market Revenue and Forecast, by End-User (2017-2030)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Product (2017-2030)

14.1.9.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.1.9.3. Market Revenue and Forecast, by Component (2017-2030)

14.1.9.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.1.10. Market Revenue and Forecast, by Application (2017-2030)

14.1.11. Market Revenue and Forecast, by End-User (2017-2030)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.2.3. Market Revenue and Forecast, by Component (2017-2030)

14.2.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.2.5. Market Revenue and Forecast, by Application (2017-2030)

14.2.6. Market Revenue and Forecast, by End-User (2017-2030)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.8.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.2.8.3. Market Revenue and Forecast, by Component (2017-2030)

14.2.9. Market Revenue and Forecast, by Control Feature (2017-2030)

14.2.10. Market Revenue and Forecast, by Application (2017-2030)

14.2.10.1. Market Revenue and Forecast, by End-User (2017-2030)

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.11.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.2.11.3. Market Revenue and Forecast, by Component (2017-2030)

14.2.12. Market Revenue and Forecast, by Control Feature (2017-2030)

14.2.13. Market Revenue and Forecast, by Application (2017-2030)

14.2.14. Market Revenue and Forecast, by End-User (2017-2030)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.15.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.2.15.3. Market Revenue and Forecast, by Component (2017-2030)

14.2.15.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.2.16. Market Revenue and Forecast, by Application (2017-2030)

14.2.16.1. Market Revenue and Forecast, by End-User (2017-2030)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Product (2017-2030)

14.2.17.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.2.17.3. Market Revenue and Forecast, by Component (2017-2030)

14.2.17.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.2.18. Market Revenue and Forecast, by Application (2017-2030)

14.2.18.1. Market Revenue and Forecast, by End-User (2017-2030)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.3.3. Market Revenue and Forecast, by Component (2017-2030)

14.3.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.3.5. Market Revenue and Forecast, by Application (2017-2030)

14.3.6. Market Revenue and Forecast, by End-User (2017-2030)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.7.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.3.7.3. Market Revenue and Forecast, by Component (2017-2030)

14.3.7.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.3.8. Market Revenue and Forecast, by Application (2017-2030)

14.3.9. Market Revenue and Forecast, by End-User (2017-2030)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.10.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.3.10.3. Market Revenue and Forecast, by Component (2017-2030)

14.3.10.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.3.11. Market Revenue and Forecast, by Application (2017-2030)

14.3.11.1. Market Revenue and Forecast, by End-User (2017-2030)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.12.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.3.12.3. Market Revenue and Forecast, by Component (2017-2030)

14.3.12.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.3.12.5. Market Revenue and Forecast, by Application (2017-2030)

14.3.12.6. Market Revenue and Forecast, by End-User (2017-2030)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Product (2017-2030)

14.3.13.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.3.13.3. Market Revenue and Forecast, by Component (2017-2030)

14.3.13.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.3.13.5. Market Revenue and Forecast, by Application (2017-2030)

14.3.13.6. Market Revenue and Forecast, by End-User (2017-2030)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.4.3. Market Revenue and Forecast, by Component (2017-2030)

14.4.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.4.5. Market Revenue and Forecast, by Application (2017-2030)

14.4.6. Market Revenue and Forecast, by End-User (2017-2030)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.7.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.4.7.3. Market Revenue and Forecast, by Component (2017-2030)

14.4.7.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.4.8. Market Revenue and Forecast, by Application (2017-2030)

14.4.9. Market Revenue and Forecast, by End-User (2017-2030)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.10.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.4.10.3. Market Revenue and Forecast, by Component (2017-2030)

14.4.10.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.4.11. Market Revenue and Forecast, by Application (2017-2030)

14.4.12. Market Revenue and Forecast, by End-User (2017-2030)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.13.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.4.13.3. Market Revenue and Forecast, by Component (2017-2030)

14.4.13.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.4.13.5. Market Revenue and Forecast, by Application (2017-2030)

14.4.13.6. Market Revenue and Forecast, by End-User (2017-2030)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Product (2017-2030)

14.4.14.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.4.14.3. Market Revenue and Forecast, by Component (2017-2030)

14.4.14.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.4.14.5. Market Revenue and Forecast, by Application (2017-2030)

14.4.14.6. Market Revenue and Forecast, by End-User (2017-2030)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Product (2017-2030)

14.5.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.5.3. Market Revenue and Forecast, by Component (2017-2030)

14.5.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.5.5. Market Revenue and Forecast, by Application (2017-2030)

14.5.6. Market Revenue and Forecast, by End-User (2017-2030)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Product (2017-2030)

14.5.7.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.5.7.3. Market Revenue and Forecast, by Component (2017-2030)

14.5.7.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.5.8. Market Revenue and Forecast, by Application (2017-2030)

14.5.8.1. Market Revenue and Forecast, by End-User (2017-2030)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Product (2017-2030)

14.5.9.2. Market Revenue and Forecast, by Luminaire Type (2017-2030)

14.5.9.3. Market Revenue and Forecast, by Component (2017-2030)

14.5.9.4. Market Revenue and Forecast, by Control Feature (2017-2030)

14.5.9.5. Market Revenue and Forecast, by Application (2017-2030)

14.5.9.6. Market Revenue and Forecast, by End-User (2017-2030)

Chapter 15. Company Profiles

15.1. ACE LEDS

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Cree LED

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Signify Holding

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Maxim Integrated

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Texas Instruments Incorporated

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. NXP Semiconductors

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. STMicroelectronics

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Bokedriver

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. MEAN WELL Enterprises Co.

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Inventronics Inc.

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global LED driver market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for LED driver are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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