Global LED driver sales generated a revenue of US$ 5 billion in 2021. For the next ten years, global demand for LED drivers is likely to soar at 19.9% CAGR. Accordingly, the global LED driver market size will increase from US$ 6.2 billion in 2022 to US$ 38.2 billion by 2032.
The consumer electronics sector is set to remain the most remunerative application for LED drivers. The target segment will thrive at a CAGR of over 19.7% from 2022 to 2032.
Key Trends Shaping the Market:
An electronic device that regulates or controls power to an LED or string of LEDs is known as an LED driver. These devices play a critical role in preventing damage to LEDs as well as improving their life span. They are responsible for supplying and regulating the ideal current to the LED.
Without LED drivers, LEDs can become too hot and unstable. This in turn will result in failure and bad performance. To ensure the proper functioning of LEDs, self-contained LED drivers are being used.
LED drivers supply a maintained constant amount of power to LEDs. They protect LED bulbs against voltage and current fluctuations. There are generally two types of LED drivers. This includes constant voltage drivers and constant current drivers.
Growing usage of energy-efficient light solutions such as LED lights and LED fixtures will provide an impetus for the development of the global market.
In recent years, there has been a rapid transition towards LED lighting solutions due to their excellent energy efficiency. LED products are being used across sectors such as automotive, consumer electronics, and residential. They are increasingly replacing traditional lighting products.
Hence, the rising adoption of LED lighting solutions across diverse industries will boost LED driver sales. This is because LED drivers are crucial for the proper functioning of LED solutions.
Besides this, the growing need for energy conservation will create lucrative opportunities for LED driver manufacturers. Further, the development of high-performance VLC (visible light communication) LED drivers and color-tunable drivers will bode well for the market.
|
Attributes |
Key Insights |
|
Global LED Driver Market Value in 2022 |
US$ 6.2 billion |
|
Projected Market Size (2032) |
US$ 38.2 billion |
|
Value-based CAGR (2022 to 2032) |
19.9% |
|
USA CAGR (2022 to 2032) |
18.6% |
Global sales of LED drivers increased at 23.3% CAGR from 2017 to 2021 as per Future Market Insights. Between 2022 and 2032, the worldwide market for LED drivers is set to expand at 19.9% CAGR. It will create an absolute $ opportunity of about US$ 32 billion by 2032.
LED driver is a device that is installed to safely deliver power to a string of LEDs to avoid premature failure. With the increased emphasis on energy conservation, there is a growing demand for LED lighting solutions that use less energy than traditional lighting sources.
To maintain the efficiency and dependability of LEDs, LED drivers are essential for controlling the current and voltage going to them.
LED lighting solutions are rapidly becoming popular in the automotive industry. Due to their critical role in supplying these lighting systems with the appropriate level of power, LED driver demand in the automotive sector will increase at a robust pace.
There were around 78 million cars produced in the world in 2020 which increased to around 82.6 million cars at the end of 2021. Further, a total number of cars produced by 2030 is likely to reach around 111 million.
As LED lights are being widely used in cars for better visibility, the rising adoption of LED lamps in automobiles will fuel demand for LED drivers during the assessment period.
LED drivers are also being widely implemented in consumer electronics, especially in backlighting applications such as monitors, laptops, and televisions. They play a crucial role in these applications by ensuring that these appliances operate at the correct voltage. Hence, they help in preventing damage and optimizing their performance.
There were around 198 million smart TV units sold around the world in the year 2018. It is projected that by 2025, around 266 million smart tv units will be sold worldwide. Also, there were around 1.5 billion smartphone sales recorded in the year 2018 which is projected to expand to around 1.7 billion smartphones by 2030.
As smartphones and LCD use backlighting for their displays, increasing demand for TV and mobile phones will boost the global LED driver industry.
Asia Pacific to Remain Happy Hunting Ground for LED Driver Manufacturers
As per the latest report, Asia Pacific will create lucrative opportunities for LED driver manufacturers. This is due to the booming automotive and consumer electronics sectors.
Asia Pacific LED drivers market size reached US$ 3.1 billion in 2022. By the end of 2032, the Asia Pacific market will cross a valuation of US$ 19.3 billion.
Asia-Pacific is the leading manufacturing hub when it comes to consumer electronics and automotive production. The region recorded around 32 million units of cars sold in the year 2020 which increased to around 34 million in 2021.
LED drivers are a crucial component in a circuit using LED as they control the amount of voltage flowing. By doing this, they prevent LED lamps from premature failure and provide constant and stable current to the LED enabling their proper functioning.
With the high production of cars and consumer electronics, demand for LED drivers will rise at a prolific CAGR across the Asia Pacific during the assessment period.
LED Displays, Lighting, and Fixtures Market:
|
Differentiating Aspects |
LED Displays, Lighting, and Fixtures Market |
|
CAGR for 2022 to 2032 |
8.9% |
|
Market Valuation in 2022 |
92.0 billion |
|
Demand Drivers |
|
LED Control Unit Market:
|
Differentiating Aspects |
LED Control Unit Market |
|
CAGR for 2022 to 2032 |
10.0% |
|
Market Valuation in 2022 |
US$ 2,451.3 million |
|
Demand Drivers |
|
|
Countries |
Projected CAGR (2022 to 2032) |
|
United States |
18.6% |
|
United Kingdom |
18.3% |
|
China |
21.6% |
|
Japan |
20.2% |
|
South Korea |
20.4% |
|
Countries |
Historical CAGR (2017 to 2021) |
|
United States |
19.8% |
|
United Kingdom |
18.2% |
|
China |
25.7% |
|
Japan |
23.6% |
|
South Korea |
25% |
|
Countries |
Market Value (2032) |
|
United States |
US$ 5.4 billion |
|
United Kingdom |
US$ 1.0 billion |
|
China |
US$ 10.1 billion |
|
Japan |
US$ 6.2 billion |
|
South Korea |
US$ 2.4 billion |
Rising Applications of LED Drivers in Automotive & Consumer Electronics Driving the USA Market
The United States LED driver market is forecast to generate an absolute $ opportunity of US$ 4.4 billion through 2032. It grew at a CAGR of 19.8% from 2017 to 2021.
Over the next ten years, LED driver sales in the USA will rise at 18.6% CAGR. This will take the total market valuation past US$ 5.4 billion by 2032.
Rising applications of LED drivers in the United States thriving automotive and consumer electronics sectors are boosting the market.
The United States is among the leading car manufacturers producing around 9.1 million cars in 2021. It also has a prominent smartphone industry with around 129 million smartphones sold in 2020. Further, it is projected that by 2027 there will be 143 million smartphones sold in the country.
LED drivers are used in automobiles to control the electrical current flowing through one or more LED light sources. They are essential for the proper functioning of LED lighting systems in vehicles. This is because they provide a constant and stable current to the LEDs, which can vary depending on the temperature, voltage, and aging of the LED.
Also, LED drivers can protect from over-voltage and short circuits. They can provide dimming capabilities that can be used to adjust the brightness of the LED lights according to the street conditions.
Therefore, rising production and sales of automobiles in the country will elevate the demand for LED drivers
Growing Usage in Consumer Electronics Fueling LED Driver Demand in the United Kingdom
The United Kingdom market witnessed a CAGR of 18.2% during the historical period from 2017 to 2021. Between 2022 and 2032, demand for LED drivers across the country will increase at 18.3% CAGR.
By 2032, the United Kingdom LED driver industry will cross a valuation of US$ 1 billion. An absolute $ growth of US$ 806.9 million is set to be generated by the United Kingdom market.
The high adoption of LED drivers in consumer electronics is a prominent factor driving the United Kingdom market.
There were around 55 million smartphone users in the United Kingdom in 2018. By 2023, this number is likely to reach around 64 million.
LED drivers are used in consumer electronics to control the brightness and the color of the LED lights. They also play a key role in controlling the current flowing into the LED.
LED driver is also used in pulse width modulation dimming which allows the user to adjust the brightness of the LED resulting in a better user experience and reduced power consumption.
Thus, increasing demand for consumer electronics such as smartphones in the country will boost the market for LED drivers during the assessment period.
Increasing Demand for Automobiles to Boost LED Driver Sales in China
China LED driver market is set to expand at a stupendous CAGR of 21.6% between 2022 and 2032. The total market valuation in the country will reach around US$ 10.1 billion in 2032. From 2017 to 2021, sales of LED drivers in China grew at a CAGR of 25.7%.
China is a manufacturing hub when it comes to the production of automobiles and smartphones. It is home to several leading automobile manufacturers in the world. The country produced around 21 million cars in 2021.
China also manufactures around 67% of global mobile phone production. Hence, rising demand for automobiles and increasing mobile phone production in the country will boost LED driver sales.
Constant LED Drivers Will Remain the Most Widely Utilized Type
Based on type, the market is segmented into constant current LED drivers and constant voltage LED drivers. Among these, demand will continue to remain high for constant current LED drivers. This is due to the rising usage of LED drivers in a wide range of applications.
Constant current LED demand grew at a CAGR of 23.0% from 2017 to 2021. Over the projection period, the target segment will expand at 19.8% CAGR.
Constant current LED drivers are devices that can provide a stable current output independent of the change in voltage or load resistance. These LED drivers avoid thermal runway or burnout. Besides this, they offer the advantage of energy conservation.
An LED requires a constant current to perform optimally. It can be damaged if the current is low or very high.
The constant current LED driver is being widely used in the automotive industry in headlights, tail lamps, and interior lighting to provide a stable current to these lights. It ensures that these lights operate reliably and effectively.
Therefore, rising demand for automobiles worldwide is likely to boost constant current LED driver sales.
Consumer Electronics Application to Generate Most Revenues in the Market
As per Future Market Insights, the consumer electronics sector will generate high demand for LED drivers. This is due to the rising usage of LED drivers in a wide variety of consumer electronic products.
LED drivers are used in consumer electronics to regulate the brightness and color of LED lights in a variety of products. This includes phones, tablets, laptops, TVs, and smart home appliances.
Consumer electronics generally use LED drivers with features such as voltage regulation, pulse width modulation (PWM) dimming, and current control. PWM dimming is a common feature in consumer electronics because it enables precise control of the brightness of the LED light, improving user experience and consuming less power.
With rising demand for consumer electronics such as smartphones and televisions, the adoption of LED drivers in the consumer electronics industry will increase dramatically.
From 2017 to 2021, demand for LED drivers in consumer electronics increased at a CAGR of 22.7%. Over the projection period, the consumer electronic segment is likely to progress at 19.7% CAGR.
Leading LED driver manufacturers to include Signify Holdings, Microchip Technology, Inc., Texas Instruments Incorporated, Inventronics, Inc., Cree LED, TCI Telecomunicazioni Italia Srl., GE Current, ACE LEDS, SAMSUNG, Lifud Technology Co. Ltd., Lutron Electronics Co. Ltd., Macroblock, Inc., Maxim Integrated, Tridonic, MEAN WELL Enterprises Co., Ltd., NXP Semiconductors, ON Semiconductor Corporation, ams OSRAM, ROHM Co., Ltd., BOKE Drivers Co., Ltd, STMicroelectronics N.V., and Eaglerise Electric & Electronic (China) Co., Ltd.
New product launches, mergers, acquisitions, and facility expansions are key strategies adopted by these companies.
Recent Developments:
|
Attribute |
Details |
|
Current Market Size (2022) |
US$ 6.2 billion |
|
Projected Market Size (2032) |
US$ 38.2 billion |
|
Anticipated Growth Rate (2022 to 2032) |
19.9% CAGR |
|
Forecast Period |
2022 to 2032 |
|
Historical Data Available for |
2017 to 2021 |
|
Market Analysis |
US$ Million for Value and MT for Volume |
|
Key Regions Covered |
North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa |
|
Key Countries Covered |
United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
|
Key Segments Covered |
Type, Application, and Region |
|
Key Companies Profiled |
|
|
Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
1. Executive Summary | LED Driver Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2022 to 2032
5.3.1. Constant Current
5.3.2. Constant Voltage
5.4. Y-o-Y Growth Trend Analysis By Type, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032
6.3.1. Automotive
6.3.2. Consumer Electronics
6.3.3. Lighting Outdoor Display
6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East & Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.4. Key Takeaways
12. Middle East & Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East & Africa
12.2.2. By Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Type
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Type
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Type
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Type
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Type
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Type
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Type
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Type
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Type
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Type
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Type
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Type
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Type
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Type
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Type
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Type
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Type
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Type
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Type
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Type
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. ACE LEDS
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Microchip Technology, Inc.
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Cree LED
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. GE Current
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Signify Holdings
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. SAMSUNG
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Lutron Electronics Co., Ltd.
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Macroblock, Inc.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Maxim Integrated
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. NXP Semiconductors
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
15.1.11. ON Semiconductor Corporation
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.11.5.2. Product Strategy
15.1.11.5.3. Channel Strategy
15.1.12. ams OSRAM
15.1.12.1. Overview
15.1.12.2. Product Portfolio
15.1.12.3. Profitability by Market Segments
15.1.12.4. Sales Footprint
15.1.12.5. Strategy Overview
15.1.12.5.1. Marketing Strategy
15.1.12.5.2. Product Strategy
15.1.12.5.3. Channel Strategy
15.1.13. ROHM Co., Ltd.
15.1.13.1. Overview
15.1.13.2. Product Portfolio
15.1.13.3. Profitability by Market Segments
15.1.13.4. Sales Footprint
15.1.13.5. Strategy Overview
15.1.13.5.1. Marketing Strategy
15.1.13.5.2. Product Strategy
15.1.13.5.3. Channel Strategy
15.1.14. STMicroelectronics N.V.
15.1.14.1. Overview
15.1.14.2. Product Portfolio
15.1.14.3. Profitability by Market Segments
15.1.14.4. Sales Footprint
15.1.14.5. Strategy Overview
15.1.14.5.1. Marketing Strategy
15.1.14.5.2. Product Strategy
15.1.14.5.3. Channel Strategy
15.1.15. Texas Instruments Incorporated
15.1.15.1. Overview
15.1.15.2. Product Portfolio
15.1.15.3. Profitability by Market Segments
15.1.15.4. Sales Footprint
15.1.15.5. Strategy Overview
15.1.15.5.1. Marketing Strategy
15.1.15.5.2. Product Strategy
15.1.15.5.3. Channel Strategy
15.1.16. Eaglerise Electric & Electronic (China) Co., Ltd.
15.1.16.1. Overview
15.1.16.2. Product Portfolio
15.1.16.3. Profitability by Market Segments
15.1.16.4. Sales Footprint
15.1.16.5. Strategy Overview
15.1.16.5.1. Marketing Strategy
15.1.16.5.2. Product Strategy
15.1.16.5.3. Channel Strategy
15.1.17. Lifud technology Co., Ltd.
15.1.17.1. Overview
15.1.17.2. Product Portfolio
15.1.17.3. Profitability by Market Segments
15.1.17.4. Sales Footprint
15.1.17.5. Strategy Overview
15.1.17.5.1. Marketing Strategy
15.1.17.5.2. Product Strategy
15.1.17.5.3. Channel Strategy
15.1.18. BOKE Drivers Co., Ltd
15.1.18.1. Overview
15.1.18.2. Product Portfolio
15.1.18.3. Profitability by Market Segments
15.1.18.4. Sales Footprint
15.1.18.5. Strategy Overview
15.1.18.5.1. Marketing Strategy
15.1.18.5.2. Product Strategy
15.1.18.5.3. Channel Strategy
15.1.19. MEAN WELL Enterprises Co., Ltd.
15.1.19.1. Overview
15.1.19.2. Product Portfolio
15.1.19.3. Profitability by Market Segments
15.1.19.4. Sales Footprint
15.1.19.5. Strategy Overview
15.1.19.5.1. Marketing Strategy
15.1.19.5.2. Product Strategy
15.1.19.5.3. Channel Strategy
15.1.20. Inventronics, Inc.
15.1.20.1. Overview
15.1.20.2. Product Portfolio
15.1.20.3. Profitability by Market Segments
15.1.20.4. Sales Footprint
15.1.20.5. Strategy Overview
15.1.20.5.1. Marketing Strategy
15.1.20.5.2. Product Strategy
15.1.20.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 4: Global Market Volume (Units) Forecast by Type, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 6: Global Market Volume (Units) Forecast by Application, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 8: North America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 10: North America Market Volume (Units) Forecast by Type, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 12: North America Market Volume (Units) Forecast by Application, 2017 to 2032
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 15: Latin America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 16: Latin America Market Volume (Units) Forecast by Type, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 18: Latin America Market Volume (Units) Forecast by Application, 2017 to 2032
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 20: Europe Market Volume (Units) Forecast by Country, 2017 to 2032
Table 21: Europe Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 22: Europe Market Volume (Units) Forecast by Type, 2017 to 2032
Table 23: Europe Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 24: Europe Market Volume (Units) Forecast by Application, 2017 to 2032
Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032
Table 27: Asia Pacific Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 28: Asia Pacific Market Volume (Units) Forecast by Type, 2017 to 2032
Table 29: Asia Pacific Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 30: Asia Pacific Market Volume (Units) Forecast by Application, 2017 to 2032
Table 31: Middle East & Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 32: Middle East & Africa Market Volume (Units) Forecast by Country, 2017 to 2032
Table 33: Middle East & Africa Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 34: Middle East & Africa Market Volume (Units) Forecast by Type, 2017 to 2032
Table 35: Middle East & Africa Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 36: Middle East & Africa Market Volume (Units) Forecast by Application, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Type, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Application, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 5: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 9: Global Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 13: Global Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 16: Global Market Attractiveness by Type, 2022 to 2032
Figure 17: Global Market Attractiveness by Application, 2022 to 2032
Figure 18: Global Market Attractiveness by Region, 2022 to 2032
Figure 19: North America Market Value (US$ Million) by Type, 2022 to 2032
Figure 20: North America Market Value (US$ Million) by Application, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 23: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: North America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 27: North America Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 31: North America Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 34: North America Market Attractiveness by Type, 2022 to 2032
Figure 35: North America Market Attractiveness by Application, 2022 to 2032
Figure 36: North America Market Attractiveness by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ Million) by Type, 2022 to 2032
Figure 38: Latin America Market Value (US$ Million) by Application, 2022 to 2032
Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 45: Latin America Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 49: Latin America Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 52: Latin America Market Attractiveness by Type, 2022 to 2032
Figure 53: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Europe Market Value (US$ Million) by Type, 2022 to 2032
Figure 56: Europe Market Value (US$ Million) by Application, 2022 to 2032
Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 59: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 63: Europe Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 66: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 67: Europe Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 68: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 70: Europe Market Attractiveness by Type, 2022 to 2032
Figure 71: Europe Market Attractiveness by Application, 2022 to 2032
Figure 72: Europe Market Attractiveness by Country, 2022 to 2032
Figure 73: Asia Pacific Market Value (US$ Million) by Type, 2022 to 2032
Figure 74: Asia Pacific Market Value (US$ Million) by Application, 2022 to 2032
Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 77: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 81: Asia Pacific Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 85: Asia Pacific Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 88: Asia Pacific Market Attractiveness by Type, 2022 to 2032
Figure 89: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 91: Middle East & Africa Market Value (US$ Million) by Type, 2022 to 2032
Figure 92: Middle East & Africa Market Value (US$ Million) by Application, 2022 to 2032
Figure 93: Middle East & Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 94: Middle East & Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 95: Middle East & Africa Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 96: Middle East & Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: Middle East & Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: Middle East & Africa Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 99: Middle East & Africa Market Volume (Units) Analysis by Type, 2017 to 2032
Figure 100: Middle East & Africa Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 101: Middle East & Africa Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 102: Middle East & Africa Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 103: Middle East & Africa Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 104: Middle East & Africa Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 105: Middle East & Africa Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 106: Middle East & Africa Market Attractiveness by Type, 2022 to 2032
Figure 107: Middle East & Africa Market Attractiveness by Application, 2022 to 2032
Figure 108: Middle East & Africa Market Attractiveness by Country, 2022 to 2032
The global LED driver market size was valued at US$ 5 billion in 2021.
The global LED drivers market valuation reached US$ 6.2 billion in 2022.
The worldwide LED driver industry will reach around US$ 38.2 billion in 2032.
The global market for LED drivers exhibited a CAGR of 23.3% over the last 4 years.
Global LED driver demand is set to increase at 19.9% CAGR through 2032.
Consumer electronics will generate lucrative revenues for the manufacturers of LED drivers.
The United Kingdom LED driver market will expand at 18.3% CAGR through 2032.
Japan and Korea markets will expand at 20.2% and 20.4% CAGRs respectively.
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