Global LED Driver Market Segmentation, Outlook, Industry Report to 2027

Global LED Driver Market was valued at USD 10.2 billion in 2019 which is expected to reach USD 59.82 billion by 2027 at a CAGR 24.8 %.

LED driver is the power supply that modulates the power required to energize the LEDs or arrays of LEDs. These drivers are used to rectify the AC to DC (alternating current into direct current), as it works on direct current (DC). LED drivers are able to prevent the circuitry from overfeeding as it is a current driven component. These are widely used in various industries such as automotive, general, and back lighting.

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The market report has been accumulated with the assistance of many primary (interviews, surveys observations,) and secondary (journals, industrial databases,) sources to distinguish and gather proper information for this broad commercial, market-oriented, and technical estimation. Porter’s Five Force Model has been implemented to determine the market assessment precisely and to verify the several strengths, and weaknesses, along with opportunities, and threats (SWOT analysis), and multiple quantitative and qualitative study related with the market.

Market Key Players

Various key players are discussed in this report such as Koninklijke Philips N.V., Texas Instruments, Inc, Osram GmbH, Maxim Integrated, Inc., Harvard Engineering, Atmel Corporation, Macroblock, Inc., General Electric, and Cree, Inc. 

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Market Segmentation

By Driver Method

  • Constant Voltage LED Driver
  • Constant Current LED Driver


By Luminaire Type

  • Decorative Lamps
  • Integral LED Modules
  • Reflectors
  • T-Lamps
  • Type A-Lamps


By End User

  • Residential Lighting
  • Outdoor & Traffic Lighting
  • Industrial Lighting
  • Commercial Lighting
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa


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