Press release
2025 Automotive LED Drivers Industry Trends Report: Long-Term Outlook Through 2034
Automotive LED Drivers Market
How Large Will the Automotive LED Drivers Market Size By 2025?
There has been a remarkable surge in the size of the automotive LED drivers market in the latest years. In terms of growth, it is anticipated to rise from $9.98 billion in 2024 to $12.3 billion in 2025, indicating a compound annual growth rate (CAGR) of 23.2%. The escalation observed in the historic phase can be linked to a surge in vehicle electrification, an upward trend in consumer demand for hi-tech features, regulatory incentives for energy efficiency, OEM's efforts for eco-friendly solutions, and heightened safety and visibility specifications.
How Big Is the Automotive LED Drivers Market Size Expected to Grow by 2029?
The market size for automotive LED drivers is anticipated to experience a substantial expansion in the forthcoming years, climbing to $27.99 billion in 2029 with a 22.8% compound annual growth rate (CAGR). The surge during the projection period is due to the escalated adoption of electric vehicles, burgeoning demand for sophisticated driver assistance systems, growth in the automobile sector, and increased demand for energy-saver lighting. The forecast period will witness significant trends such as progress in LED driver technology, the incorporation of intelligent lighting systems, traditional lighting technologies, creation of compact drivers, and alliances and partnerships.
View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-led-drivers-global-market-report
Which Key Market Drivers Powering Automotive LED Drivers Market Expansion and Growth?
The automotive LED driver market is anticipated to grow in line with the burgeoning automotive industry. This expansive and lively industry includes a range of services and businesses such as car manufacturing, parts suppliers, selling, marketing, and motor vehicle development. The upwards trajectory of the automotive industry can be attributed to car-sharing services, mobility-as-a-service (MaaS) solutions, and ride-sharing platforms. Automotive LED drivers play a critical role in present-day vehicles, ensuring the LED lighting systems-used for taillights, headlights, exterior accent lighting, safety systems, and interior lighting-run efficiently and reliably. The International Organization of Motor Vehicle Manufacturers, a trade association originating from France, reported a production increase from 85.10 million cars and commercial vehicles in 2022 to 93.55 million in 2023. Further to that, the Belgium-based European Automobile Manufacturers' Association (ACEA) stated that there was a production of 85.4 million motor vehicles globally in 2022, presenting a 5.7% increase from 2021 figures. This expanding automotive industry is fuelling the growth of the automotive LED driver market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15987&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Automotive LED Drivers Market?
Key players in the automotive LED drivers market are making strides in the development of intelligent multichannel LED controllers. They do so to augment energy efficiency, fine-tune control of light production, facilitate better integration with hi-tech lighting systems, and promote dynamic lighting features such as adaptable headlights and custom-made interior lighting. A cutting-edge electronic device, a smart multichannel LED controller is utilized for steering multiple LED channels or clusters of LEDs separately within a lighting system. For example, in October 2022, Melexis, a firm based in Belgium that specializes in providing micro-electronic semiconductor solutions introduced the MLX81143 LED driver - the newest addition to its MeLiBu family. Comprising 21 LED drivers, it boosts the power management of the entire system. The MLX81143 has a wide-ranging dimming range, which facilitates perfect brightness alterations suitable for both daylight and nighttime conditions. This trait is vital for ensuring visibility and comfort across different driving conditions.
What Are the Emerging Segments 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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15987&type=smp
Who Are the Global Leaders in the Automotive LED Drivers Market?
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.
Which are the Top Profitable Regional Markets for the Automotive LED Drivers Industry?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15987
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
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 2025 Automotive LED Drivers Industry Trends Report: Long-Term Outlook Through 2034 here
News-ID: 4132079 • Views: …
More Releases from The Business Research Company
Road Maintenance Market Expected to Achieve 5.7% CAGR by 2029: Growth Forecast 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 Road Maintenance Market Size By 2025?
In recent times, there has been a significant increase in the size of the road maintenance market. It's projected to expand from $14.55 billion in 2024 to $15.34 billion in 2025, with a compound annual growth rate (CAGR) of…
Navigating the Future: Aggregate In Road Construction Market Trends and Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Aggregate In Road Construction Market Size Growth Forecast: What to Expect by 2025?
The total market size for aggregate in road construction has seen a swift surge in the past few years. It is projected to rise from $828.16 billion in 2024 to reach $928.75 billion in 2025, with…
Technological Advancements In Low-Carbon Construction Materials Industry Trends …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Low Carbon Construction Materials Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a robust growth in the size of the low carbon construction materials market in recent years, expanding from $259.42 billion in 2024 to an expected $281.84 billion in 2025. This…
Impact Of Increasing Construction Activities On The Crane And Hoist Market: Stre …
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 Crane And Hoist Market Through 2025?
In recent times, there has been a consistent increase in the size of the crane and hoist market. Anticipated growth is from $32.33 billion in 2024 to $33.81 billion in 2025, representing a compound annual growth…
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…
