Led Driver IC Market Size, Share & Segmentation, By Type (Buck-Boost Led Driver IC, Current Sink Led Driver IC, Inductor less (Charge Pump) Led Driver IC, Step-Down (Buck) Led Driver IC, Others), By Application (Consumer Electronics, Healthcare, IT &ITES, Automotive, Telecommunication, Government, Others), By Region, and Global Forecast for 2023-2030

Led Driver IC Market Report Scope & Overview:

Led Driver IC Market size was valued at USD 3786 million in 2022 and is expected to grow to USD 17511.41 million by 2030 and grow at a CAGR of 21.1% over the forecast period of 2023-2030.

Analog Devices offers a wide range of LED driver integrated circuits (ICs) for automotive, display backlighting, portable, and general high-power lighting applications. They are inductor less (charge pump) or switching regulator-based LED drivers that may drive white LEDs in series, parallel, or combination. Boost regulators, buck regulators, buck/boost, SEPIC topology LED drivers, and other topologies are available. Regardless of topology, these integrated circuits have the best efficiency, lowest noise, and shortest footprints. Our range also includes integrated Schottky diodes, precise LED current matching, and various output capability.

By converting and managing the electrical energy supplied to LEDs, LED driver ICs play a key role in maintaining appropriate function and performance. They keep a steady current or voltage level, which is critical in tiny devices with limited voltage capacity. LED driver ICs enable users to find a wide range of applications, such as light dimming capabilities, while also offering safety features such as overvoltage and overcurrent protection. Because of the rising popularity of LEDs in diverse applications such as lighting, automotive, consumer electronics, and displays, the market for LED driver ICs has grown significantly in recent years. They are well-known for their energy efficiency. LEDs are frequently employed as an alternative to traditional lighting solutions due to their longevity and versatility.

KEY DRIVERS: 

• Increasing use of LED in automotive lighting

• Increased demand for energy-efficient technological devices

The electronic technology has improved considerably. Active display drivers of many types are utilized in today's electronic displays (a driver is essentially a semiconductor integrated circuit). The LED driver IC market is one of the fastest expanding markets because to the increasing demand for LED lighting, low power consumption electronic goods, and touch-enabled screens in consumer electronics and devices. Furthermore, the rising popularity of energy-saving lighting solutions in homes, as well as outdoor and traffic lighting, is moving the LED driver IC market ahead. The global need for electronic devices, paired with energy-efficient lighting solutions, is a key growth driver for the LED driver IC sector.

RESTRAIN:

• High cost for installation

OPPORTUNITY:

• Growing advancement in technologies like IoT

• Rising Consumer Electronics Product Demand

The market is being driven by rising demand for consumer electronics products in the United Kingdom. Consumer electronics product demand in the United Kingdom is fast expanding due to increased disposable incomes and urbanization. Televisions, monitors, and other consumer electronics items are examples of this LED lighting and LED drivers should be used.

CHALLENGES:

• Lack of interoperability

• Standards in manufacturing

Light-emitting diodes of the next generation make it easier for designers to develop efficient lighting. Such developments are projected to increase market demand in the future. However, the lack of industry-defined standards for testing the properties and behaviour of such drivers has forced manufacturers to face a number of industrial issues. Solid-State Lighting (SSL) lighting and driver manufacturers around the world adhere to their standards when producing such an important component of lighting systems, resulting in a lack of interoperability across its end-use applications, impeding market growth.

KEY MARKET SEGMENTS

By Type

• Buck-Boost Led Driver IC

• Current Sink Led Driver IC

• Inductor less (Charge Pump) Led Driver IC

• Step-Down (Buck) Led Driver IC

• Others

By Application

• Consumer Electronics

• Healthcare

• IT &ITES

• Automotive

• Telecommunication

• Government

• Others

THE LED DRIVER IC MARKET, BY APPLICATION:

The LED Driver IC Market has been classified into Consumer Electronics, Healthcare, IT & ITES, Automotive, Telecommunication, Government, and Others. Due to rising demand for energy-efficient consumer electronics, the consumer electronics sub-segment is predicted to grow rapidly in the LED Driver IC Market. Consumer demand for more energy-efficient products is increasing in response to expanding consumer knowledge of energy issues and costs, which will remain a significant driver of new product development and innovation. As a result of energy-efficient consumer electronics, the LED driver IC market is predicted to rise. Furthermore, with the increasing use of LED driver ICs in autonomous vehicles, the automotive sub-segment is predicted to grow at a rapid pace in the LED Driver IC Market.

REGIONAL ANALYSIS

In 2022, Asia Pacific had the biggest revenue share of 28.8%. From 2023 to 2030, the regional market is expected to increase at a CAGR of more than 9.2%. The region's increased usage of LED lighting in the residential, commercial, and industrial sectors has been a key driver of market expansion. Government measures promoting energy efficiency and sustainability, as well as increased knowledge of the benefits of LED lighting, have spurred demand for LED drivers in the region. Rapid urbanization and infrastructure development in nations like as China, India, and Japan have also aided industry expansion.

 The Asia Pacific region is one of the fastest-growing markets for LED driver integrated circuits. With the presence of major LED lighting producers such as Cree, Inc., Nichia Corporation, and Osram Opto Semiconductors GmbH, China is the Asia Pacific region's largest market for LED driver ICs. The increasing use of smart lighting systems and the growing demand for energy-efficient lighting solutions are likely to fuel the growth of the LED driver IC market in China. The government's initiatives to encourage energy-efficient lighting solutions, as well as the rising demand for LED lighting in a variety of applications, are projected to propel the LED driver IC market in India forward.

REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

KEY PLAYERS

Some of key players of Led Driver IC are ACE LEDS, Microchip Technology, Inc., Cree LED, Signify Holdings, SAMSUNG, Lutron Electronics Co., Ltd., Macroblock, Inc., Maxim Integrated, NXP Semiconductors, Semiconductor Components Industries, LLC, ROHM Co., Ltd., STMicroelectronics N.V., Texas Instruments Inc. and other players are listed in a final report.

Microchip Technology, Inc-Company Financial Analysis

RECENT DEVELOPMENT

• June 2022, OSRAM revealed that Taiwan-based Ledtech had chosen the high-performance OSLON UV 3636 UV-C LEDs for its new BioLED intelligent air purifier's sanitization feature. The BioLED combines an active carbon filter to prevent airborne particulate pollution as fine as PM2.5, pollen, mold, and dust mites, as well as UV-C radiation to inactivate viruses, bacteria, and fungi while the filtering process is in progress.

• February 20, 2022, using its top-tier spectrum engineering capabilities, Samsung has created a genuine horticulture light source with a 437 nm spectral peak that delivers industry-leading PPE to promote crop quality and plant development.

• Volkswagen's CARIAD and STMicroelectronics cooperated in July 2022 to co-develop chips for software-defined automobiles Semiconductors.

•  In September 2021, Analog Devices, Inc. purchased Maxim Integrated to expand its analog and mixed-signal portfolio to broaden its presence in regional and international markets

  Led Driver IC Market Report Scope:

  Report Attributes	Details
  Market Size in 2022	US$ 3786 Mn
  Market Size by 2030	US$ 17511.41  Mn
  CAGR	CAGR of 21.1%   From 2023 to 2030
  Base Year	2022
  Forecast Period	2023-2030
  Historical Data	2019-2021
  Report Scope & Coverage	Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
  Key Segments	By Type (Buck-Boost Led Driver IC, Current Sink Led Driver IC, Inductor less (Charge Pump) Led Driver IC, Step-Down (Buck) Led Driver IC, Others), By Application (Consumer Electronics, Healthcare, IT &ITES, Automotive, Telecommunication, Government, Others),
  Regional Analysis/Coverage	North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
  Company Profiles	ACE LEDS, Microchip Technology, Inc., Cree LED, Signify Holdings, SAMSUNG, Lutron Electronics Co., Ltd., Macroblock, Inc., Maxim Integrated, NXP Semiconductors, Semiconductor Components Industries, LLC, ROHM Co., Ltd., STMicroelectronics N.V., Texas Instruments Inc.
  Key Drivers	•Increasing use of LED in automotive lighting •Increased demand for energy-efficient technological devices
  Market Restraints	•High cost for installation

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