LED Driver Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global LED Driver 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  to  the  la tes t  repo r t  by  IMARC Group ,  t i t l ed  "LED Dr iver  Market :  
Globa l  Industry  Trends,  Share ,  S ize ,  Growth,  Opportuni ty  and Forecas t  
2024 -2032 ,"  the  g loba l  LED d r ive r  marke t  s ize  reached  US$ 12 .0  B i l l i on  in  
2023 .
Report A l igh t -emi t t ing  d iode  (LED)  d r i ve r  re fe rs  to  an  e lec t r i ca l  c i r cu i t  tha t  i s  u t i l i zed  
fo r  regu la t ing  the  vo l tage  o f  a  s t r i ng  o f  LEDs o r  an  LED.  I t  i s  a  spec ia l i zed  
Highlight and power  supp ly  sys tem tha t  a ids  in  con t ro l l ing  the  power  leve l  requ i red  by  LEDs.  
I t  i s  genera l l y  c lass i f ied  in to  in te rna l  and  ex te rna l  LED d r i ve rs ,  where in  
in te rna l  d r ive rs  a re  usua l ly  i nbu i l t  in  domest ic  bu lbs  and  ex te rna l  d r i ve rs  a re  
Description equ ipped  w i th  roadways  and  commerc ia l  l igh t ing  sys tems.  I t  i s  easy  to  use ,  
re l iab le  and  o f fe rs  an  exce l len t  e lec t romagne t ic  compat ib i l i t y  (EMC) 
per fo rmance  in  a  cos t -e f f i c ien t  manner .
Request  for  a  PDF sample  of  th is  report :  
h t tps : / /www. imarcgroup .com/ led -d r ive r -marke t / reques tsamp le
Report Description
Global  LED Dr i ver  Market  T rends:
The  g loba l  m arke t  i s  p r imar i l y  d r i ven  by  t he  esca la t ing  demand  fo r  LED l i gh t ing  so lu t i ons .  Th i s  i s  suppor ted  by  t he  
r i s ing  awareness  regard ing  sus ta inab le  deve lopmen t  among  t he  masses  and  t he  g row ing  p re fe rence  f o r  ene rgy -
e f f i c ien t  l i gh t ing  so lu t ions .  A long  w i th  th i s ,  i nc reas ing  i nves t men ts  by  p r i va t e  and  pub l i c  agenc ies  in  t he  deve lopment  
o f  smar t  c i t y  p ro jec ts  a re  a lso  p rov id ing  an  impet us  t o  the  marke t  g rowth .  
Moreover ,  numerous  lead ing  p laye rs  a re  heav i l y  inves t ing  in  t he  rep lacemen t  o f  conven t iona l  bu lbs  w i th  LEDs  in  
veh i c l es  to  o f fe r  exce l len t  l um inous  e f f i c iency  fo r  im prov ing  road sa f e t y .  The  marke t  i s  f u r the r  d r i ven  by  the  r i s ing  
in f ras t ruc tu ra l  deve lopment  p ro jec ts  ac ross  t he  g lobe.  O ther  f ac t o r s ,  i nc lud ing  con t inua l  p roduc t  innova t i ons ,  
ex tens ive  research  and  deve lopm en t  (R&D)  ac t i v i t i es  conduc t ed  by  key  p layers  and  the  emergence  o f  d ig i t a l -ou t -o f -
home (DOOH)  adver t i s ing  so lu t ions ,  a re  fu r the r  con t r ibu t ing  to  t he  m arke t  g rowt h .
Look ing  fo rward ,  the  market  i s  an t i c ipated  to  g row a t  a  CAGR o f  16 .9% dur ing  2024-2032.
V i ew Report  TOC,  F igures and  Tab les :  h t tps: / / www. i marcgroup .com/ l ed -dr iver -market
Breakup by Component:
• Driver IC
• Discrete Components
• Others
 
Breakup by Luminaire Type:
• Decorative Lamps
Report 
• Refl ectors
Segmentation • Type A Lamp
• T Lamp
• Integral  LED Modules
• Others
Breakup by Supply Type:
• Constant Current
• Constant Voltage
Breakup by End User:
• Residential
• Commercial
• Industria l
Report 
Segmentation Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• AC Electronics
• ams AG
• Hatch L ight ing
• Lutron E lectronics  Co.  Inc.
Competitive • Macroblock Inc .
• Maxim Integrated Products Inc.  (Analog Dev ices 
Landscape Inc. )
with Key • Microchip Technology Inc .
• NXP Semiconductors  N.V.
Players • Rohm Co.  Ltd.
• Semiconductor  Components Industr ies  LLC
• Signi fy  N.V.
• SMART Global  Ho ld ings Inc .
• Texas Instruments Incorporated.
What was the size of the global LED driver market 
in 2023?
What is the expected growth rate of the global LED 
driver market during 2024-2032?
Key 
What are the key factors driving the global LED 
Questions driver market?
Answered in What has been the impact of COVID-19 on the 
global LED driver market?
the Report
What is the breakup of the global LED driver 
market based on the component?
What is the breakup of the global LED driver 
market based on the luminaire type?
What is the breakup of the global LED driver 
market based on the supply type?
What is the breakup of the global LED driver 
market based on the end user?
Key What are the key regions in the global LED driver 
market?
Questions 
Answered in Who are the key players/companies in the global LED driver market?
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  L E D  D r i v e r  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  C o m p o n e n t
    6 . 1     D r i v e r  I C
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     D i s c r e t e  C o m p o n e n t s
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     O t h e r s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  L u m i n a i r e  T y p e
       
    7 . 1     D e c o r a t i v e  L a m p s
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     R e f l e c t o r s
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     T y p e  A  L a m p
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
    7 . 4     T  L a m p
Table of         7 . 4 . 1  M a r k e t  T r e n d s        7 . 4 . 2  M a r k e t  F o r e c a s t
    7 . 5     I n t e g r a l  L E D  M o d u l e s
        7 . 5 . 1  M a r k e t  T r e n d s
Contents         7 . 5 . 2  M a r k e t  F o r e c a s t    7 . 6     O t h e r s
        7 . 6 . 1  M a r k e t  T r e n d s
        7 . 6 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  S u p p l y  T y p e
    8 . 1     C o n s t a n t  C u r r e n t
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     C o n s t a n t  V o l t a g e
        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  E n d  U s e r
    9 . 1     R e s i d e n t i a l
        9 . 1 . 1  M a r k e t  T r e n d s
        9 . 1 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / l e d - d r i v e r- m a r ke t / t o c
Disclaimer
© 2023  IMARC Al l  R ights  Reserved 
Th is  Pub l i ca t ion  and  a l l  i t ’ s  con ten ts  un less  o therw ise  men t i oned  a re  copy r i gh ted  in  the  name o f  
I n t e rna t i ona l  Marke t  Ana lys i s  Research  and  Consu l t ing  ( IMARC) .  No  pa r t  o f  t h i s  pub l i ca t ion  may  be  
rep roduced ,  repackaged ,  red i s t r i bu ted  o r  res o ld  i n  who le  o r  i n  any  pa r t .  The  pub l i ca t ion  may  a l so  
no t  be  used  i n  any  f o rm o r  by  and means  g raph i c  e lec t ron ic  o r  mechan ic a l ,  i nc lud ing  pho tocopy ing ,  
reco rd ing ,  t ap ing  o r  by  i n fo rmat i on  s to rage  o r  re t r ieva l ,  o r  by  any  o the r  f o rm,  w i t hou t  the  exp ress  
c ons en t  o f  I n t e rna t iona l  Marke t  Ana lys i s  Research  and  Consu l t i ng  ( IMARC) .
Disc la imer :  Al l  con ten ts  and  da ta  o f  t h i s  pub l i c a t i on ,  i nc lud ing  fo recas t s ,  da ta  ana lys i s  and  op in ion  
have  been  based  on  in f o rmat ion  and  sources  be l ieved  to  be  accu ra te  and  re l iab le  a t  t he  t ime  o f  
pub l i sh ing .  In t e rna t i ona l  Ma rke t  Ana l ys is  Research  and  Consu l t ing  makes  no  rep resen ta t ion  o f  
war ran t y  o f  any  k ind  as  to  t he  acc u racy  o r  comp le teness  o f  any  I n fo rmat i on  p rov ided .  IMARC 
accep ts  no  l i ab i l i t y  wha tsoever  f o r  any  los s  o r  damage  resu l t i ng  f rom op in ion ,  e r ro rs  o r  
i naccu rac ies  i f  any  f ound  th is  pub l i ca t ion .
IMARC,  IMARC Group  and  G loba l  Therapy  I ns igh t  Ser i es  a re  reg is t e red  t rademarks  o f  I n te rna t iona l  
Marke t  Ana lys i s  Research  and  Consu l t ing .  A l l  o the r  t rademarks  used  i n  th i s  pub l i ca t i on  a re  
reg i s te red  t rademarks  o f  t he i r  r espec t i ve  compan ies .
Contact Us
Visit us at :
https://www.imarcgroup.com
TELEPHONE: +1-631-791-1145 
E-MAIL: [email protected]