Trends, opportunities and forecast in LED driver market to 2023 by supply type (constant current and constant voltage), by luminaire type (type A lamp, decorative lamp, T lamp, reflectors, and others), by applications (general lighting, automotive lighting and backlighting) and by region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the LED driver market looks attractive with opportunities in the residential, commercial, industrial, and automotive lighting sectors. The global LED driver market is expected to reach an estimated $16.1 billion by 2023 with a CAGR of 15.5% from 2018 to 2023.
The major growth drivers for this market are increasing building and construction activities, favorable government regulations for energy efficiency, and increasing adoption of LED lighting in emerging countries.
Browse 98 Market Data Tables and 113 Figures spread through 183 Pages and in-depth TOC on "Global LED Driver Market- Global Forecast to 2023" www.lucintel.com/global-led-driver-market-2018.aspx
Asia Pacific is expected to remain the largest region, and it is also expected to witness the highest growth over the forecast period due to increasing penetration of LED lighting in the automotive and building & construction industries.
Production and consumption of LED lighting in China is highest, and modernization of infrastructure is expected to propel the demand for lighting products in China.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of visible light communication (VLC) LED drivers, and the development of color tunable LED drivers. Texas Instruments, Toshiba, STMicroelectronics, ON Semiconductor, and ROHM Semiconductor are among the major suppliers of the LED driver.
The study includes a forecast for the global LED driver market by supply type, luminaire type, application, and region as follows:
By Application [$M shipment analysis from 2012 to 2023]:
- General lighting
- Automotive Lighting
- Daytime Running Lights (DRLs)
- Rear Lights
- LCD TV
- Portable PCs
By Supply Type [$M shipment analysis from 2012 to 2023]:
- Constant Current
- Constant Voltage
By Luminaire Type [$M shipment analysis from 2012 to 2023]:
- Type A Lamp
- Decorative Lamp
- T Lamp
By Region [$M shipment analysis from 2012 – 2023]:
- North America
- United States
- United Kingdom
- Asia Pacific
- The Rest of the World
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