Lucintel’s latest market report analyzed that LED driver provides attractive opportunities in the residential, commercial, industrial, backlight, and automotive lighting sector. The LED driver market is expected to reach $21.9 billion by 2027 with a CAGR of 15%. In this market, constant current is the largest segment by supply type, whereas general lighting is largest by application. The development of visible light communication (VLC) led drivers and development of color tunable LED driver provides strategic growth path in this market.
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Based on supply type, the LED driver market is segmented into constant current and constant voltage. The constant current segment is accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period due to ability to provide consistent brightness with lower power consumption and increasing demand in LED backlighting and general lighting applications.
Browse in-depth TOC on “LED Driver Market”
98 – Tables
113 – Figures
183 – Pages
The LED driver market is marked by the presence of several big and small players. Some of the prominent players offering LED driver include Texas Instruments, Toshiba Semiconductor, STMicroelectronics, ON Semiconductor, and ROHM Semiconductor.
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