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Published bySakshi Bhargava Modified over 5 years ago
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Global LED Driver Market Report 2018-2023: Trends, Forecast and Competitive Analysis 1
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Industry Profiles Snapshot Major ParameterDescription Market Segments by Supply Type Constant current and constant voltage Market Segments by Luminaire Type Type A lamp, decorative lamp, T lamp, reflectors, and others Market Segments by Applications General lighting, automotive lighting and backlighting Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Texas Instruments, Toshiba, STMicroelectronics, ON Semiconductor, and ROHM Semiconductor Trend Growth Rate and CAGR15.5% Key Industry Forecast The global LED driver market is expected to reach an estimated $16.1 billion by 2023 with a CAGR of 15.5% from 2018 to 2023. Key Industry Driver Driver: Increasing building and construction activities, favorable government regulations for energy efficiency, and increasing adoption of LED lighting in emerging countries. 2
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Industry Overview Market Size The global LED driver market is expected to reach an estimated $16.1 billion by 2023 with a CAGR of 15.5% from 2018 to 2023. Emerging trends, which have a direct impact on the dynamics of the LED driver industry, include the development of visible light communication (VLC) LED drivers, and the development of color tunable LED drivers. Market Size (2023)$16.1 billion CAGR (2018-23)15.5% 3 Industry Performance : Forecast
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