The global LED Driver market size is expected to be worth around US$ 15.21 billion by 2030, according to a new report by Vision Research Reports.
The global LED Driver market size was valued at US$ 5.7 billion in 2020 and is anticipated to grow at a CAGR of 17.3% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 15.21 billion by 2030 |
| Growth Rate | CAGR of 17.3% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Supply Type, application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Atmel Corp.; AC Electronics; Cree, Inc.; Harvard Technology Ltd.; General Electric Company; Koninklijke Philips N.V.; Macroblock, Inc.; Lutron Electronics Co., Inc.; Maxim Integrated Products, Inc.; On Semiconductor Corp.; NXP Semiconductors N.V.; Osram GmbH; STMicroelectronics; Texas Instruments, Inc.; and ROHM Semiconductors. |
Growth Factors
the rising demand for IoT-based connected lighting solutions due to the rising number of smart homes in developed countries will contribute to the LED driver market growth. Furthermore, governments of various countries have launched Smart City initiatives to improve the energy-efficiency of populated cities, which is anticipated to boost the market further.
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Key Players
Atmel Corp.; AC Electronics; Cree, Inc.; Harvard Technology Ltd.; General Electric Company; Koninklijke Philips N.V.; Macroblock, Inc.; Lutron Electronics Co., Inc.; Maxim Integrated Products, Inc.; On Semiconductor Corp.; NXP Semiconductors N.V.; Osram GmbH; STMicroelectronics; Texas Instruments, Inc.; and ROHM Semiconductors.
Market Segmentation
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In this study, the years considered to estimate the market size of LED Driver are as follows:
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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