Press release
Global LED Driver Market Size and Forecast to Grow at a CAGR of 8.39% By 2021
An LED driver is used for the power regulation of an LED or for a series of LED connections. LEDs operate on low-voltage DC, but the power supplied to households is usually high-voltage AC. Therefore, LED drivers are used for the conversion of high- voltage AC to low-voltage DC for the efficient operation for LEDs. One of the main features of LEDs is that it changes on the basis of the temperature it is subjected to. Therefore, an increase in the temperature can result in the breakdown or failure of the LED. To overcome this challenge, LED drivers are used. An LED driver is designed to respond to the changing needs of an LED, and it provides a constant power output for its efficient operation.
Technavios analysts forecast the global LED driver market to grow at a CAGR of 8.39% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global LED driver market for 2017-2021. To calculate the market size, the report considers the sales of LED drivers to LED manufacturers and LED display manufacturers for automotive, general lighting, and backlighting applications.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global LED Driver Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
AC Electronics
Microchip Technology
Cree
GENERAL ELECTRIC
MACROBLOCK
Maxim Integrated
ON Semiconductor
OSRAM
STMicroelectronics
Texas Instruments
Other prominent vendors
ams
Harvard Technology
Lutron Electronics
NXP Semiconductors
Philips Lighting
Power Integrations
ROHM Semiconductor
Skyworks Solutions
Market driver
Increasing requirements for external LED drivers
For a full, detailed list, view our report
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Market challenge
High cost of LED lighting
For a full, detailed list, view our report
Market trend
Increasing government support and incentives for LED lighting projects
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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