Home > Semiconductors & Electronics > Lighting > LED > LED Driver Market

LED Driver Market Share

Report ID: GMI8979
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

LED driver Market Share

Microchip Technology Inc. and STMicroelectronics (STM) are leading players in the LED driver industry and hold the significant share of over 30%, offering a broad array of semiconductor solutions tailored for diverse applications. Microchip provides advanced LED driver ICs equipped with features like dimming control and thermal management, addressing varied needs from automotive to general illumination.

Similarly, STM offers a comprehensive portfolio of LED driver ICs renowned for their high performance and efficiency, particularly in automotive, street lighting, and smart lighting applications. Both companies leverage their expertise in semiconductor technology and extensive R&D efforts to stay competitive, meeting the evolving demands of customers while forging strategic partnerships to expand their market reach.

LED driver Market Companies

Major players operating in the market are:

ams-OSRAM AG
Analog Devices, Inc.
Microchip Technology Inc.
NXP Semiconductors
ROHM CO., LTD.
STMicroelectronics
Signify Holding

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for LED driver was valued at USD 14.5 billion in 2023 and is estimated to register over USD 50.5 billion by 2032, driven by increasing adoption of LED lighting across various applications.

The decorative lamp segment in the LED driver industry is anticipated to grow at 18% CAGR between 2024 and 2032, attributed to the rise of smart home technologies.

Asia Pacific market is expected attain 16% CAGR from 2024 to 2032, favored by government initiatives promoting energy-efficient lighting solutions, rapid urbanization, and infrastructure development.

Ams-OSRAM AG, Analog Devices, Inc., Microchip Technology Inc., NXP Semiconductors, ROHM CO., LTD., STMicroelectronics and Signify Holding