Lucintel's latest market report analyzed that LED driver provides attractive opportunities in the residential, commercial, industrial, and automotive lighting sectors. The LED driver market is expected to reach $18 billion by 2025 with a CAGR of 12%. 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 the development of color tunable LED drivers 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
2020 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,
STMicroelectronics, ON Semiconductor, and ROHM Semiconductor.
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https://www.lucintel.com/global-led-driver-market-2020-2025.aspx
This unique research report will enable you
to make confident business decisions in this globally competitive marketplace. For
a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on
this link helpdesk@lucintel.com.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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