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.
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.
High cost for installation
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.
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
Buck-Boost Led Driver IC
Current Sink Led Driver IC
Inductor less (Charge Pump) Led Driver IC
Step-Down (Buck) Led Driver IC
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.
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.
Rest of Eastern Europe
Rest of Western Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East
Rest of Africa
Rest of Latin America
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.
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
Market Size in 2022
US$ 3786 Mn
Market Size by 2030
US$ 17511.41 Mn
CAGR of 21.1% From 2023 to 2030
Report Scope & Coverage
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
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),
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)
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.
•Increasing use of LED in automotive lighting
•High cost for installation
Led Driver IC Market is anticipated to expand by 21.1% from 2023 to 2030.
USD 17511.41 million is expected to grow by 2030.
Led Driver IC Market size was valued at USD 3786 million in 2022
Asia Pacific region is dominating the market.
Growing advancement in technologies like IoT and Rising Consumer Electronics Product Demand
TABLE OF CONTENT
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Led Driver IC Market Segmentation, By Type
8.1 Buck-Boost Led Driver IC
8.2 Current Sink Led Driver IC
8.3 Inductor less (Charge Pump) Led Driver IC
8.4 Step-Down (Buck) Led Driver IC
9. Led Driver IC Market Segmentation, By Application
9.1 Consumer Electronics
9.3 IT &ITES
10. Regional Analysis
10.2 North America
10.2.1 North America Led Driver IC Market by Country
10.2.2North America Led Driver IC Market by Type
10.2.3 North America Led Driver IC Market by Application
10.2.4.1 USA Led Driver IC Market by Type
10.2.4.2 USA Led Driver IC Market by Application
10.2.5.1 Canada Led Driver IC Market by Type
10.2.5.2 Canada Led Driver IC Market by Application
10.2.6.1 Mexico Led Driver IC Market by Type
10.2.6.2 Mexico Led Driver IC Market by Application
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Led Driver IC Market by Country
10.3.1.2 Eastern Europe Led Driver IC Market by Type
10.3.1.3 Eastern Europe Led Driver IC Market by Application
10.3.1.4.1 Poland Led Driver IC Market by Type
10.3.1.4.2 Poland Led Driver IC Market by Application
10.3.1.5.1 Romania Led Driver IC Market by Type
10.3.1.5.2 Romania Led Driver IC Market by Application
10.3.1.6.1 Hungary Led Driver IC Market by Type
10.3.1.6.2 Hungary Led Driver IC Market by Application
10.3.1.7.1 Turkey Led Driver IC Market by Type
10.3.1.7.2 Turkey Led Driver IC Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Led Driver IC Market by Type
10.3.1.8.2 Rest of Eastern Europe Led Driver IC Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Led Driver IC Market by Country
10.3.2.2 Western Europe Led Driver IC Market by Type
10.3.2.3 Western Europe Led Driver IC Market by Application
10.3.2.4.1 Germany Led Driver IC Market by Type
10.3.2.4.2 Germany Led Driver IC Market by Application
10.3.2.5.1 France Led Driver IC Market by Type
10.3.2.5.2 France Led Driver IC Market by Application
10.3.2.6.1 UK Led Driver IC Market by Type
10.3.2.6.2 UK Led Driver IC Market by Application
10.3.2.7.1 Italy Led Driver IC Market by Type
10.3.2.7.2 Italy Led Driver IC Market by Application
10.3.2.8.1 Spain Led Driver IC Market by Type
10.3.2.8.2 Spain Led Driver IC Market by Application
10.3.2.9.1 Netherlands Led Driver IC Market by Type
10.3.2.9.2 Netherlands Led Driver IC Market by Application
10.3.2.10.1 Switzerland Led Driver IC Market by Type
10.3.2.10.2 Switzerland Led Driver IC Market by Application
10.3.2.11.1 Austria Led Driver IC Market by Type
10.3.2.11.2 Austria Led Driver IC Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Led Driver IC Market by Type
10.3.2.12.2 Rest of Western Europe Led Driver IC Market by Application
10.4.1 Asia Pacific Led Driver IC Market by Country
10.4.2 Asia Pacific Led Driver IC Market by Type
10.4.3 Asia Pacific Led Driver IC Market by Application
10.4.4.1 China Led Driver IC Market by Type
10.4.4.2 China Led Driver IC Market by Application
10.4.5.1 India Led Driver IC Market by Type
10.4.5.2 India Led Driver IC Market by Application
10.4.6.1 Japan Led Driver IC Market by Type
10.4.6.2 Japan Led Driver IC Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Led Driver IC Market by Type
10.4.7.2 South Korea Led Driver IC Market by Application
10.4.8.1 Vietnam Led Driver IC Market by Type
10.4.8.2 Vietnam Led Driver IC Market by Application
10.4.9.1 Singapore Led Driver IC Market by Type
10.4.9.2 Singapore Led Driver IC Market by Application
10.4.10.1 Australia Led Driver IC Market by Type
10.4.10.2 Australia Led Driver IC Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Led Driver IC Market by Type
10.4.11.2 Rest of Asia-Pacific APAC Led Driver IC Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Led Driver IC Market by Country
10.5.1.2 Middle East Led Driver IC Market by Type
10.5.1.3 Middle East Led Driver IC Market by Application
10.5.1.4.1 UAE Led Driver IC Market by Type
10.5.1.4.2 UAE Led Driver IC Market by Application
10.5.1.5.1 Egypt Led Driver IC Market by Type
10.5.1.5.2 Egypt Led Driver IC Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Led Driver IC Market by Type
10.5.1.6.2 Saudi Arabia Led Driver IC Market by Application
10.5.1.7.1 Qatar Led Driver IC Market by Type
10.5.1.7.2 Qatar Led Driver IC Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Led Driver IC Market by Type
10.5.1.8.2 Rest of Middle East Led Driver IC Market by Application
10.5.2.1 Africa Led Driver IC Market by Country
10.5.2.2 Africa Led Driver IC Market by Type
10.5.2.3 Africa Led Driver IC Market by Application
10.5.2.4.1 Nigeria Led Driver IC Market by Type
10.5.2.4.2 Nigeria Led Driver IC Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Led Driver IC Market by Type
10.5.2.5.2 South Africa Led Driver IC Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Led Driver IC Market by Type
10.5.2.6.2 Rest of Africa Led Driver IC Market by Application
10.6 Latin America
10.6.1 Latin America Led Driver IC Market by Country
10.6.2 Latin America Led Driver IC Market by Type
10.6.3 Latin America Led Driver IC Market by Application
10.6.4.1 Brazil Led Driver IC Market by Type
10.6.4.2 Brazil Africa Led Driver IC Market by Application
10.6.5.1 Argentina Led Driver IC Market by Type
10.6.5.2 Argentina Led Driver IC Market by Application
10.6.6.1 Colombia Led Driver IC Market by Type
10.6.6.2 Colombia Led Driver IC Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Led Driver IC Market by Type
10.6.7.2 Rest of Latin America Led Driver IC Market by Application
11 Company Profile
11.1 Texas Instruments Inc.
11.1.1 Company Overview
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 STMicroelectronics N.V.
11.2.1 Company Overview
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 ROHM Co., Ltd.
11.3.1 Company Overview
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Semiconductor Components Industries, LLC
11.4 Company Overview
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 NXP Semiconductors
11.5.1 Company Overview
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Maxim Integrated
11.6.1 Company Overview
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 ACE LEDS
11.7.1 Company Overview
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Microchip Technology, Inc.
11.8.1 Company Overview
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Cree LED
11.9.1 Company Overview
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Signify Holdings
11.10.1 Company Overview
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11.1 Company Overview
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 Lutron Electronics Co., Ltd.
11.12.1 Company Overview
11.12.3 Product/Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
11.13 Macroblock, Inc.
11.13.1 Company Overview
11.13.3 Product/Services Offered
11.13.4 SWOT Analysis
11.13.5 The SNS View
12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
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