Global LED Driver Market 2017-2021

The infographic below contains key findings from our analysis of the LED driver market   

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Overview of the global LED driver market

The integration of LEDs with dimmers will help in reducing the consumption of energy. Dimmed lights provide a aesthetic look to restaurants, shops, theatres, and office complexes. Lighting dimmers also promote green environment due to reduced energy consumption, while, extending the durability of LEDs. The increasing requirements for light dimming features to be one of the primary LED driver market drivers. Advantages of dimming are influencing the demand for suitable drivers that support the dimming process effectively as a poor-quality dimmer may lead the dimmer to fail. The LED driver market report predicts the market to grow steadily at a CAGR of more than 8% by 2021.

Owing to the widespread prevalence of climatic issues, several initiatives are focused on developing the zero-energy building, or a zero-net energy (ZNE) building. This building’s annual energy consumption is zero as the amount of renewable energy created on the site is adjusted. ZNE buildings use an extensive network of energy-efficient LEDs with longer life span. Governments in several regions are extensively funding the ZNE project. The shifting trend toward zero-energy buildings is identified to be one of the key factors positively impacting the LED driver market growth.

Competitive landscape and key vendors

The LED driver market is intensely fragmented owing to the presence of several key international and regional players. LED driver vendors compete intensely in terms of customer base, experience, product portfolio, geographical presence, financial condition, and R&D.  Vendors in the LED dimmer market are competing in terms of revenue and market dominance in terms of price, product reliability, and functionality

According to the LED driver market research, the leading vendors in the market are

• AC Electronics
• Microchip Technology
• Cree
• GENERAL ELECTRIC         
• MACROBLOCK
• Maxim Integrated           
• ON Semiconductor
• OSRAM
• STMicroelectronics
• Texas Instruments

The other prominent vendors in the market are ams, Harvard Technology, Lutron Electronics, NXP Semiconductors, Philips Lighting, Power Integrations, ROHM Semiconductor, and Skyworks Solutions.

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Segmentation by product type and analysis of the LED driver market

• Constant current LED drivers
• Constant voltage LED drivers

Constant current LED drivers offer several advantages that increase their suitability for LED lighting manufacturers. Constant current LED drivers operate at a constant current and ensures consistent brightness across all LEDs. These are optimal for high-power LEDs and the growing demand for high-power LEDs will boost the LED dimmer market for constant current LED drivers.

Segmentation by application and analysis of the LED driver market

• General lighting
• Backlighting
• Automotive lighting

LED drivers are primarily used in backlighting applications owing to the growing demand for mobile computing devices such as smartphones and tablets. Low-end smartphones with advanced features such as backlight and flexible displays will further contribute to the growth of this segment in the LED dimmer market. These display further demand for an LED driver to regulate the current or voltage levels.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global LED driver market?
• What are the key market trends impacting the growth of the global LED driver market?
• What are the challenges to market growth?
• Who are the key vendors in the global LED driver market?
• What are the market opportunities and threats faced by the vendors in the global LED driver market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global LED driver market?

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