LED Driver Market Opportunities – Trending Market Reports

LED Driver Market 2025 Report by Share, Trend, Global Industry Size, Price, Future Analysis

The global LED driver market size is projected to reach USD 11.31 billion by 2025 and projected to grow with a CAGR of 16.3% from 2019 to 2025, according to Million Insights. In the last decade, LED technology emerged as an energy-efficient substitute to conventional light sources which is driving their demand extensively in display and lighting segments across various industries. Traditional lighting products are replaced by LED lighting owing to their several benefits such as higher energy-efficiency, lower heat output, longer life, directionality and miniaturization.

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Market Synopsis of LED Driver Market:

Growing demand for IoT-based connected lighting solutions owing to the increasing number of smart homes in developed countries is expected to witness positive impact on market growth. In addition, governments of various countries are investing in smart city projects to improve energy-efficiency which is expected to fuel the demand for LED drivers. Constant LED driver has seen high growth from 2015 to 2018 due to its wide application for outdoor lighting along with high brightness.

The consumer electronics application segment is expected to dominate the market due to high demand for LED drivers in display panels and televisions. Several leading industry players are focusing to collaborate with other companies to offer public lighting systems across the globe with remote management for efficient maintenance and energy saving. For example, Philips Lighting N.V. collaborated with Vodafone Limited to install smart street lighting integrated with IoT based technology globally.

The demand for highly reliable and energy-efficient with lower cost and smaller system package for application in low to the mid-power range is increasing. Thus, to meet this demand, light-emitting diode driver market players are Power-Factor Correction (PFC) circuitry for higher power quality and Primary-Side Regulation (PSR) to minimize the costs.

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Table of Contents:-

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 LED Driver: Market Variables, Trends & Scope

Chapter 4 LED Driver: Product Estimates & Trend Analysis

Chapter 5 LED Driver: Application Estimates & Trend Analysis

Chapter 6 LED Driver: End-use Estimates & Trend Analysis

Chapter 7 LED Driver: Industrial End-use Estimates & Trend Analysis

Chapter 8 LED Driver: Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

Chapter 10 LED Driver: Manufacturers Company Profiles

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LED Driver Market Research Report (2020-2025) Provides In-Depth Analysis by Scope, Growth Rate, Driving Factors, Competitive Situation, Top Manufacturers and Upcoming Trends. LED Driver Market report split global into several key Regions which mainly includes Market Overview, Table of Content, List of Figures and Applications. LED Driver Market Growing at Higher CAGR Rate of XX% between (2020-2025).

Summery:-

The global LED driver market size accounted for USD 4.07 billion in 2018 and projected to grow at 16.3% CAGR over the forecast period, from 2019 to 2025. Technologically advanced solution in LED lighting has improved performance and efficiency, which is expected to drive the LED drive demand during the forecast period. In addition, increasing the adoption of LED lighting across various applications like automotive, horticulture, industrial, and outdoor has resulted in increases demand for products.

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The key driving factors responsible for the growth of LED Driver market :

Several initiatives taken by governments across the globe for smart city projects are boosting IoT based LED lighting solution. Several countries have installed smart street lights that turn on & off automatically by using a daylight sensor. This initiative is expected to boost the demand for the market.

However, manufacturers are facing some challenges such as lack of certain industry-defined standards to check the behaviors and characteristics of products. LED driver and Solid-State Lighting (SSL) follow their standards during manufacturing which led to a lack of interoperability in end-use applications.

Supply Type Insights

By supply type, the market is segmented into constant voltage and constant current. In 2018, constant current type dominated the global market and expected to retain its position over the forecast period.Constant current products are used in several applications as they have the ability to form uniform brightness, clear display, and offer more control.

The constant voltage products are widely used in an application that needs multiple LED lights to be connected in series. This product distributes voltage similarly and helps to provide equal luminance.

Application Type Insights

Based on the application type, the light-emitting diode driver market is segmented into automotive, lighting, consumer electronics, and outdoor display. Increasing replacement of traditional light sources such as incandescent and CFL is driving the demand for LED lights, thereby expected to boost the demand for LED drivers. The consumer electronic application segment is projected to hold the largest market share during the forecast period due to the rising adoption of LED TVs, smartphones, and tablets in emerging countries. LED screens are gaining traction across the globe due to its better picture quality, low power consumption, and high colour accuracy. Moreover, LED drivers are also used in other electronic devices such as air conditioners and refrigerators for display panels, which is expected to drive the demand for LED drivers in consumer electronics applications.

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/led-driver-market

Table of Contents:-

• LED Driver Market Overview

• LED Driver Market Competition by Manufacturers

• LED Driver Market Production, Revenue (Value) by Region (2014-2025)

• LED Driver Market Supply (Production), Consumption, Export, Import by Regions (2014-2025)

• LED Driver Market Production, Revenue (Value), Price Trend by Type

• LED Driver Market Analysis by Application

• LED Driver Market Manufacturers Profiles/Analysis

• LED Driver Market Manufacturing Cost Analysis

• LED Driver Market Industrial Chain, Sourcing Strategy and Downstream Buyers

• LED Driver Market Marketing Strategy Analysis, Distributors/Traders

• LED Driver Market Effect Factors Analysis

• LED Driver Market Research Findings and Conclusion

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