openPR Logo
Press release

Leading Element Driving Change in the Automotive LED Drivers Market in 2025: The Growing Automotive Sector Fueling The Demand For Automotive LED Drivers Driver

02-07-2025 11:09 AM CET | Logistics & Transport

Press release from: The Business Research Company

Automotive LED Drivers Market Size

Automotive LED Drivers Market Size

What Is the Estimated Market Size and Growth Rate for the Automotive LED Drivers Market?
The market size for automotive LED drivers has seen a remarkable upsurge in the previous years. It is projected to expand from a market size of $9.98 billion in 2024 to $12.3 billion in 2025, reflecting a compound annual growth rate (CAGR) of 23.2%. This market expansion in the past can be traced back to factors such as the rise in vehicle electrification, increasing consumer aspirations for advanced features, regulatory pressure on energy efficient measures, car manufacturers' efforts towards sustainable solutions, and heightened safety and visibility prerequisites.

Expectations are high for substantial expansion in the automotive LED drivers market over the coming years, with projections estimating its worth at $27.99 billion by 2029 - a considerable 22.8% compound annual growth rate (CAGR). Factors driving this prospective growth include a rise in electric vehicle use, increased demand for sophisticated driver assistance systems, a flourishing automobile sector, and a surge in the preference for energy-saving lighting options. Key trends anticipated for the forecast period include advancements in LED driver technology, the integration of smart lighting systems, traditional lighting technologies, the creation of compact drivers, as well as industry collaboration and partnerships.

What Factors Are Fueling Growth in the Automotive LED Drivers Market?
The expansion of the automotive sector is presumed to trigger an increase in the automotive LED driver market. The sector is vast and includes vehicle design, production, marketing, and sale, as well as the range of businesses and services, such as car manufacturers, parts suppliers, dealerships, and aftermarket service providers. The industry is growing, thanks to the rise of ride-sharing services, car-sharing platforms, and mobility-as-a-service (MaaS) strategies. With an important role in modern cars facilitating optimal operation of LED lighting systems in applications, such as headlights, taillights, internal lighting, safety systems, and exterior accent lighting, automotive LED drivers are of key importance. For example, the International Organization of Motor Vehicle Manufacturers, a trade association based in France, reported car and commercial vehicle production to have increased from 85.10 million in 2022 to 93.55 million in 2023. Moreover, as per the European Automobile Manufacturers' Association (ACEA), originating in Belgium, global production of motor vehicles experienced an increase of 5.7% in 2022, breaching a total of 85.4 million, compared to 2021. Thus, the automotive sector's growth is positively influencing the expansion of the automotive LED driver market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15987&type=smp

Who Are the Dominant Companies Influencing Automotive LED Drivers Market Trends?
Major companies operating in the automotive LED drivers market are Samsung Electronics Co. Ltd., Texas Instruments Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corp., Microchip Technology Inc., Signify N.V., Rohm Co. Ltd., Maxim Integrated Products Inc., Diodes Incorporated, Monolithic Power Systems Inc., Melexis Technologies NV, Allegro Microsystems LLC, OSRAM GmbH, Power Integrations Inc., Cree Inc., ABLIC Inc., Lumileds Holding B.V., Richtek Technology Corporation, HLI Solutions Inc., ACE LEDS, Xidas IoT Inc.

How Is the Automotive LED Drivers Market Evolving?
In the automotive LED drivers market, key players are focusing on the invention of smart multichannel LED controllers to boost energy efficiency, offer precise control of light output, integrate better with sophisticated lighting systems, and provide dynamic lighting features like adaptive headlights and adjustable interior lighting. The smart multichannel LED controller, an innovative electronic device, controls various LED channels or sets of LEDs independently in a lighting system. For example, Melexis, a Belgian firm specializing in micro-electronic semiconductor solutions, introduced the MLX81143 LED driver, the latest addition to its MeLiBu family, in October 2022. Comprising 21 LED drivers, the MLX81143 enhances the power management across the entire system. Furthermore, it offers a wide dimming range, facilitating the perfect balance of brightness suitable for both daytime and nighttime situations, an important feature for ensuring visibility and comfort in different driving conditions.

What Are the Different Segmentations in the Automotive LED Drivers Market?
The automotive LED drivers market covered in this report is segmented -

1) By Product Type: Single Channel Drivers, Dual Channel Drivers, Other Product Types
2) By Supply Type: Constant Current, Constant Voltage
3) By Application: Passenger Cars, Commercial Vehicles, Other Applications

Subsegments:
1) By Single Channel Drivers: Constant Current Single Channel Drivers, Pulse Width Modulation (PWM) Single Channel Drivers, Integrated Single Channel Drivers
2) By Dual Channel Drivers: Constant Current Dual Channel Drivers, PWM Dual Channel Drivers, Integrated Dual Channel Drivers
3) By Other Product Types: Multi-Channel Drivers, Programmable LED Drivers, Digital LED Drivers, High-Power LED Drivers, RGB LED Drivers

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-led-drivers-global-market-report

Which Region Is at the Forefront of the Automotive LED Drivers Market?
Asia-Pacific was the largest region in the automotive LED drivers market in 2023. The regions covered in the automotive LED drivers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Automotive LED Drivers Global Market Report?

- Market Size Analysis: Analyze the Automotive LED Drivers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive LED Drivers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive LED Drivers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive LED Drivers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15987

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Leading Element Driving Change in the Automotive LED Drivers Market in 2025: The Growing Automotive Sector Fueling The Demand For Automotive LED Drivers Driver here

News-ID: 3856594 • Views:

More Releases from The Business Research Company

2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped Opportunities
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Inkjet Coder Market Through 2025? Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market Projected to Grow at 5.4% CAGR, Reaching $3.43 Billion by 2029
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025? Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from Innovative Turbogenerator Technology In High-Speed Engine Applications
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the High Speed Engine Market Size By 2025? The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driving Engine Behind Evaporative Cooling Market Evolution in 2025
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025? The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.

All 5 Releases


More Releases for LED

HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets. Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside. There are many reasons that
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver