LED Driver Market is expected to reach $21.9 Billion by 2027 – An exclusive market research report from Lucintel

July 26 17:36 2022
LED Driver Market is expected to reach $21.9 Billion by 2027 - An exclusive market research report from Lucintel
Trends and Forecast for the Global LED Driver Market
Trends, opportunities and forecast in LED driver market to 2027 by supply type (constant current and constant voltage), luminaire type (type A lamp, decorative lamp, T lamp, reflectors and others), by applications (general lighting, automotive lighting and backlighting), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintel’s latest market report analyzed that LED driver provides attractive opportunities in the residential, commercial, industrial, backlight, and automotive lighting sector. The LED driver market is expected to reach $21.9 billion by 2027 with a CAGR of 15%. In this market, constant current is the largest segment by supply type, whereas general lighting is largest by application. Development of visible light communication (VLC) led drivers and development of color tunable LED driver provides strategic growth path in this market.

Download Brochure of this report by clicking on https://www.lucintel.com/led-driver-market.aspx Based on supply type, the LED driver market is segmented into constant current and constant voltage. The constant current segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to ability to provide consistent brightness with lower power consumption and increasing demand in LED backlighting and general lighting applications.

Browse in-depth TOC on “LED Driver Market”

98 – Tables

113 – Figures

183 – Pages

The LED Driver Market is marked by the presence of several big and small players. Some of the prominent players offering LED driver include Texas Instruments, Toshiba Semiconductor, STMicroelectronics, ON Semiconductor, ROHM Semiconductor., Osram GmbH, Power Integration, STMicroelectronics, Microchip Technology, Taiwan Semiconductor, Infineon Technologies.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

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