The global LED driver market is projected to reach $21.9 billion by 2027, at a CAGR of 15% during 2021-2027. The growth of LED driver market is driven by increasing building and construction activities, favorable government regulation for energy efficiency, and increasing adoption of LED lightings in emerging countries.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the LED driver market by supply
type (constant current and constant voltage), luminaire type (type A lamp,
decorative lamp, T lamp, reflectors and others), by applications (general
lighting, automotive lighting and backlighting), and 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 What are the
business risks and threats to the LED driver market?
Q.4 What are some
changing demands of customers in the LED driver market?
Q.5 What are the new
developments in the LED driver market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this LED driver area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this LED driver market?
Emerging trends, which have a direct impact on the dynamics of the industry, include development of visible light communication (VLC) led drivers and development of color tunable LED driver.
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clicking on https://www.lucintel.com/led-driver-market.aspx
Market Segmentation:
Based on supply type,
the LED driver market is segmented into constant current and constant voltage.
The constant current segment 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.
Asia Pacific is expected
to remain the largest region; it is also expected to witness highest growth
over the forecast period due to increasing penetration of LED lighting in
automotive and building & construction industry. Production and consumption
of LED lighting in China is highest; modernization of infrastructure is
expected to propel the demand for lighting products in China.
Key Players in the LED
driver market are Texas Instruments, Toshiba Semiconductor, STMicroelectronics,
ON Semiconductor, ROHM Semiconductor., Osram GmbH, Power Integration,
STMicroelectronics, Microchip Technology, Taiwan Semiconductor, Infineon
Technologies.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/led-driver-market.aspx
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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