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Pulished Date April, 2021
ID: 9818
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LED Driver Market Segmentation By Driving Method (Constant Current LED Driver and Constant Voltage LED Driver), By Luminaire Type (Type A-Lamps, T-Lamps, Reflectors, Decorative Lamps, and Integral LED Modules), By Components (Driver IC and Discrete), and By Applications (General lighting, Residential, Office, Shop, Hospitality, Outdoor, Industrial, Architectural, Automotive Lighting, Headlamps, Daytime Running Lights/DRLs, Sidelights, Rear Lights, Interior, Backlighting, LCD TV, Monitor, and Portable PCs and Handhelds) Industry Forecast | 2021 to 2026

Pulished: April, 2021
ID: 9818
Pages: 175

Market Overview

The Global LED Driver Market is predicted to develop in a notable way over the calculated period. It is estimated that the target market is valued at around USD 11.97 Billion in 2021 and is projected to grow and get valued around USD 58.86 Billion by 2026, recording a CAGR of about 25.5% between 2021 and 2026. LED drivers are the power supply that is self-contained and can that can regulate the power required for the LED or an array of LEDs. These LEDs (light-emitting diodes) are the lighting devices that are with a long lifespan and lowest energy consumer lighting device, which is why there is a need for a specialized power supply.

These LEDs are emerging as the energy-efficient alternative for the traditional lighting sources for some time now. Therefore, these LEDs demand is extensively growing in lighting and display segments from various industries. Additionally, Owing to the benefits of these LEDs like longer life, lower heat output, miniaturization, higher energy-efficiency, and directionality, these lightings are replacing the traditional lighting items.

Recent Developments

  • Macroblock, a Taiwanese company that was rooted to develop the LED driver IC designs and to push the boundaries of the LED display industry, has announced that they are going to release their new LED display technology by the 2nd Half of this Year.
  • Harvard University and Astellas Pharma Inc. are getting into a three-year strategic alliance for research to support multiple, multi-year research projects that are initiated by Harvard's faculty focusing on the research and development of innovative therapeutics of mutual interest.

Drivers and Restraints of LED Drivers Market

Rising adoption of these LED lighting systems from the general lighting applications is the major factor that was driving the growth of the Global LED Drivers business. This adoption of these LEDs is due to the growing demand for lighting systems that are energy-efficient, the convergence of IoT & lighting, and the acceptance of standard policies for lighting control.

However, unfair aspects of the high costs that are involved in the installation of these LED drivers is the major challenge that is hampering the growth of the LED Driver Market, globally.

Further, advancements in the wireless technologies and the developing LED drivers that can be programmable are providing lucrative opportunities for the expansion of the target market players.

Market Segmentation of LED Drivers Market

Based on the type of Luminaire, the global LED Drivers market is segmented into Type A-Lamps, T-Lamps, Reflectors, Decorative Lamps, and Integral LED Modules.

And based on the components, the global LED Drivers market is segmented into Driver IC and Discrete.

On the driving method, the global LED Drivers market is divided into Constant Current LED Driver and Constant Voltage LED Driver. Among these all segments, the constant current LED driver segment is the segment that held the major share of the global LED driver market. The growth of this segment is attributed to its capability that can provide constant brightness along with the lower power consumption. Also, the surge in demand for these LEDs in general lighting applications is supporting the development of the constant current LED variant.

In the outlook of the application, the global LED Drivers market is segmented as General lighting, Residential, Office, Shop, Hospitality, Outdoor, Industrial, Architectural, Automotive Lighting, Headlamps, Daytime Running Lights/DRLs, Sidelights, Rear Lights, Interior, Backlighting, LCD TV, Monitor, Portable Pcs, and Handhelds. Of these segments, the backlighting application segment is dominating the Global LED Driver Market. The growth of the dominance of this segment is due to the predominant usage in mobile computing devices like smartphones and tablets.

LED Drivers Market Region wise analysis

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle-East & Africa

In the regional analysis of the Global LED Driver Market, Asia Pacific held for the major share of the target market's revenue. Also, the market in this region is predicted to record the substantial boom over the forecast period too. The major factor that was boosting the growth of the market in this area is the rising permeation of LED lighting in the automotive and building & construction industries. In the Asia-Pacific region, LED Driver Market in China is growing in a rapid way owing to the growing production and ingesting of LED lighting in this country. And the other factor that was driving the growth of the LED Driver Market in the Asia-Pacific region is the growing up-gradation of infrastructure, which is the factor that was fuelling the demand for lighting products in this region.

And, the regional LED driver market in Europe is the market that was following the Asia-Pacific’s regional market in terms of size. The soaring concentration of the players in the market and ease in the availability of technical expertise is supporting the business. Further, the growing adoption of these LEDs in smart buildings owing to the IoT and lighting convergence in Europe is boosting the growth of the LED driver market in this locale.

Key Players of LED Drivers Market

The key players of the Global LED Driver Market include Osram GmbH (Germany), Harvard Technology Ltd. (UK), Texas Instruments (US), Maxim Integrated (US), Macroblock Inc. (Taiwan), Atmel Corporation (US), General Electric Company (US), Cree, Inc. (the US), ROHM Semiconductors (Japan), ON Semiconductor (US), AC Electronics (US), Signify Holding (Netherlands), Lutron Electronics Co., Inc. (US), NXP Semiconductors N.V. (Netherlands), and STMicroelectronics N.V. (Switzerland).

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 LED Driver Market, By Driving Method                  

                    6.1.1 Constant Current LED Driver         

                    6.1.2 Constant Voltage LED Driver         

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 LED Driver Market, By Luminaire Type                  

                    6.2.1 Type A-Lamps         

                    6.2.2 T-Lamps       

                    6.2.3 Reflectors      

                    6.2.4 Decorative Lamps    

                    6.2.5 Integral LED Modules         

                    6.2.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.7 Y-o-Y Growth Rate Analysis         

                    6.2.8 Market Attractiveness Index         

          6.3 LED Driver Market, By Component             

                    6.3.1 Driver IC        

                    6.3.2 Discrete         

                    6.3.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 LED Driver Market, By Application              

                    6.4.1 General lighting       

                    6.4.2 Residential     

                    6.4.3 Office and Shops     

                    6.4.4 Hospitality     

                    6.4.5 Outdoor        

                    6.4.6 Industrial       

                    6.4.7 Architectural  

                    6.4.8 Automotive Lighting

                    6.4.9 LCD TV

                    6.4.10 Portable PCs and Handhelds       

                    6.4.11 Market Size Estimations & Forecasts (2019-2024)      

                    6.4.12 Y-o-Y Growth Rate Analysis       

                    6.4.13 Market Attractiveness Index       

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Driving Method   

                    7.2.3 By Luminaire Type    

                    7.2.4 By Component         

                    7.2.5 By Application

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Driving Method   

                    7.3.3 By Luminaire Type    

                    7.3.4 By Component         

                    7.3.5 By Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Driving Method   

                    7.4.3 By Luminaire Type    

                    7.4.4 By Component         

                    7.4.5 By Application

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Driving Method   

                    7.5.3 By Luminaire Type    

                    7.5.4 By Component         

                    7.5.5 By Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Driving Method   

                    7.6.3 By Luminaire Type    

                    7.6.4 By Component         

                    7.6.5 By Application

8. Key Player Analysis                           

          8.1 Osram GmbH              

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Harvard Technology Ltd                  

          8.3 Texas Instruments                

          8.4 Maxim Integrated                  

          8.5 Macroblock Inc           

          8.6 Atmel Corporation                

          8.7 General Electric Company                

          8.8 Cree, Inc          

          8.9 ROHM Semiconductors          

          8.10 ON Semiconductor              

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global LED Driver Market By Region, From 2021-2026 ( USD Billion )
  2. Global LED Driver Market By Driving Method, From 2021-2026 ( USD Billion )
  3. Global Constant Current LED Driver Market By Region, From 2021-2026 ( USD Billion )
  4. Global Constant Voltage LED Driver Market By Region, From 2021-2026 ( USD Billion )
  5. Global LED Driver Market By Luminaire Type, From 2021-2026 ( USD Billion )
  6. Global Type A-Lamps Market By Region, From 2021-2026 ( USD Billion )
  7. Global T-Lamps Market By Region, From 2021-2026 ( USD Billion )
  8. Global Reflectors Market By Region, From 2021-2026 ( USD Billion )
  9. Global Decorative Lamps Market By Region, From 2021-2026 ( USD Billion )
  10. Global Integral LED Modules Market By Region, From 2021-2026 ( USD Billion )
  11. Global LED Driver Market By Component, From 2021-2026 ( USD Billion )
  12. Global Driver IC Market By Region, From 2021-2026 ( USD Billion )
  13. Global Discrete Market By Region, From 2021-2026 ( USD Billion )
  14. Global LED Driver Market By Application, From 2021-2026 ( USD Billion )
  15. Global General lighting Market By Region, From 2021-2026 ( USD Billion )
  16. Global Residential Market By Region, From 2021-2026 ( USD Billion )
  17. Global Office and Shops Market By Region, From 2021-2026 ( USD Billion )
  18. Global Hospitality Market By Region, From 2021-2026 ( USD Billion )
  19. Global Outdoor Market By Region, From 2021-2026 ( USD Billion )
  20. Global Industrial Market By Region, From 2021-2026 ( USD Billion )
  21. Global Architectural Market By Region, From 2021-2026 ( USD Billion )
  22. Global Automotive Lighting Market By Region, From 2021-2026 ( USD Billion )
  23. Global LCD TV Market By Region, From 2021-2026 ( USD Billion )
  24. Global Portable PCs and Handhelds Market By Region, From 2021-2026 ( USD Billion )

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