Trends, opportunities and forecast in LED driver market to 2025 by supply type (constant current and constant voltage), by luminaire type (type A lamp, decorative lamp, T lamp, reflectors, and others), by applications (general lighting, automotive lighting and backlighting) and by region (North America, Europe, Asia Pacific, and the Rest of the World)
The future of the LED driver market looks attractive with opportunities in the residential, commercial, industrial, and automotive lighting sectors. The global LED driver market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $18 billion by 2025 with a CAGR of 11% to 13% from 2020 to 2025. The major growth drivers for this market are increasing building and construction activities, favorable government regulations for energy efficiency, and increasing adoption of LED lighting in emerging countries.
Emerging trends, which have a direct impact on the dynamics of the LED driver industry, include the development of visible light communication (VLC) LED drivers, and the development of color tunable LED drivers.
LED lighting opportunities have evolved through number of stages as presented in figure below: Evolution of LED Driver Opportunities
In this market, general lighting is the largest segment by end use, whereas type A lamp is largest segment by luminaire type. Growth in various segments of the LED driver market are given below: LED Driver Market by Segments
The study includes the LED driver market size and forecast for the global LED driver market through 2025, segmented by supply type, luminaire type, application, and region as follows:
LED Driver Market by Application [$M shipment analysis from 2014 to 2025]: • General lighting
• Automotive Lighting
• Daytime Running Lights (DRLs)
• Rear Lights
• LCD TV
• Portable PCs
LED Driver Market by Supply Type [$M shipment analysis from 2014 to 2025]: • Constant Current
• Constant Voltage
LED Driver Market by Luminaire Type [$M shipment analysis from 2014 to 2025]: • Type A Lamp
• Decorative Lamp
• T Lamp
LED Driver Market by Region [$M shipment analysis from 2014 – 2025]: • North America
• United States
• United Kingdom
• Asia Pacific
• The Rest of the World
Texas Instruments, Toshiba, STMicroelectronics, ON Semiconductor, and ROHM Semiconductor are among the major suppliers of the LED driver.
The analyst forecast that constant current LED driver will remain the largest product type; it is also expected to witness the highest growth due to ability to provide consistent brightness with lower power consumption and increasing demand in LED backlighting and general lighting applications.
Within the LED driver market, the general lighting segment will remain the largest application. It is also expected to witness the highest growth rate due to increasing demand for energy-efficient products in residential and commercial lighting, increasing usage of LED drivers for building and lighting management systems, and the decreasing price of LEDs.
Asia Pacific is expected to remain the largest region, and it is also expected to witness the highest growth over the forecast period due to increasing penetration of LED lighting in the automotive and building & construction industries. Production and consumption of LED lighting in China is highest, and modernization of infrastructure is expected to propel the demand for lighting products in China.
Some of the features of this report:
• Market size estimates: Global LED driver market size estimation in terms of value ($M) shipment.
• Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by segments and region.
• Segmentation analysis: Global LED driver market size by various applications such as application, supply, and luminaire in terms of value and volume shipment.
• Regional analysis: Global LED driver market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth opportunities: Analysis on growth opportunities in different applications and regions of LED driver in the LED driver market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape of LED driver in the LED driver market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global LED driver market by supply type (constant current and constant voltage), by luminaire type (type A lamp, decorative lamp, T lamp, reflectors, and others), by applications (general lighting, automotive lighting and backlighting) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the LED driver market?
Q.5 What are the business risks and threats to the LED driver market?
Q.6 What are the emerging trends in this LED driver market and reasons behind them?
Q.7 What are some changing demands of customers in the LED driver market?
Q.8 What are the new developments in the LED driver market? Which companies are leading these developments?
Q.9 Who are the major players in this LED driver market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years in this LED driver market?
Key Features Description
Base Year for Estimation 2019
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Market Representation / Units Revenue in US $ Billion
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments By supply type (constant current and constant voltage), By luminaire type (type A lamp, decorative lamp, T lamp, reflectors, and others), By applications (general lighting, automotive lighting and backlighting) Regional Scope North America (The United States, Mexico, and Canada), Europe (the UK, Germany , France, and Switzerland), Asia Pacific (China, Japan, and India), and RoW
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