LED Driver Market Aims To Expand At Double-Digit Growth Rate | ACE LEDS, Microchip Technology, Inc

Global LED Driver Market is valued approximately USD 5.04 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 523.5% over the forecast period 2022-2028. The light-emitting diode driver has become a vital component of industrial and commercial lighting, significantly lowering power costs.

The increasing use of LED lights in a variety of applications, including outdoor, automotive, industrial, and horticulture lighting, is fueling the expansion of the global LED driver market. Various governments throughout the world have undertaken smart city programmes to provide technologically sophisticated and environmentally friendly living environments. Sustainable lighting is a critical component of such initiatives. As a result, demand for IoT-based smart lighting systems is increasing in these nations.

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Many cities have also installed smart street lights that use daylight sensors to switch on and off. Next-generation light emitting diodes make it easier for designers to create efficient luminaries. A high voltage driver, for example, may power up to 17 LEDs in series at constant currents ranging from 350mA to 1,200mA. Such advances are projected to drive future market growth. Furthermore, firms like Signify Holdings and Microchip Technology, Inc are investing more in R&D to increase the efficiency of existing lighting systems. Signify Holdings, for example, unveiled a new range of Philips Hue intelligent lighting products and functionalities in January 2022 to let consumers create the right atmosphere both indoors and out. Philips Hue Lucca wall light, Inara wall light, Calla bollard in stainless steel, and Resonate wall light were among the new models. However, absence of certain industry-defined standards to test the characteristics and behavior of such drivers impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global LED Driver Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific emerged as the market leader. The regional growth is attributable to increasing penetration of LED lighting, government subsidies, and improving manufacturing facilities in the region.

China is a global base for consumer and industrial electronics manufacturing and a prominent supplier of LED drivers to the world. The increasing demand for LEDs across consumer electronics, such as smartphones, tablets, laptops, and T.V.s, is expected to drive the demand for these components over the forecast period.

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Major market players included in this report are:

ACE LEDS

Microchip Technology, Inc

Cree LED

GE Current, a Daintree Company

Signify Holdings

SAMSUNG

Lutron Electronics Co., Ltd

Macroblock, Inc

Maxim Integrated

NXP Semiconductors

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Supply Type:

Constant Voltage

Constant Current

By Application:

Automotive

Consumer Electronics

Lighting Outdoor Display

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By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

Here is an overview of the different factual statements covered by the study:

The learn about consists of an area that breaks down strategic traits for the primary gamers in present and upcoming R&D, new product launches, collaborations, regional expansion, and mergers & acquisitions.
The lookup focuses on essential market traits such as revenue, product cost, potential and utilization rates, import/export rates, supply/demand figures, market share and CAGR.
The learn about is a series of analyzed records and a variety of barrels of house bought via a mixture of analytical equipment and an inside look up process.
The Market can be divided into 4 areas in accordance to the regional breakdown: North American Markets, European Markets, Asian Markets and Rest of the World.

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