Global Led Driver Market Size & Outlook, 2023-2030
Global led driver market, 2017-2030 (US$M)
Related Markets
Global led driver market highlights
- The global led driver market generated a revenue of USD 49,629.2 million in 2023 and is expected to reach USD 91,185.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.1% by 2030.
- In terms of segment, driver ic accounted for a revenue of USD 20,751.4 million in 2023.
- Driver IC is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 49,629.2 million |
| Market revenue in 2030 | USD 91,185.7 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Driver ic |
| Fastest growing segment | Driver IC |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Driver IC, Discrete Component |
Other key industry trends
- In terms of revenue, the North America accounted for 23.4% of the global led driver market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 2,492.3 million by 2030.
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LED Driver Market Scope
LED Driver Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global led driver market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to led driver market will help companies and investors design strategic landscapes.
Driver ic was the largest segment with a revenue share of 41.81% in 2023. Horizon Databook has segmented the Global led driver market based on driver ic, discrete component covering the revenue growth of each sub-segment from 2017 to 2030.
- Global LED Driver Component Outlook (Revenue, USD Million, 2017-2030)
- Driver IC
- Discrete Component
- Others
- Global LED Driver Luminaire Type Outlook (Revenue, USD Million, 2017-2030)
- Decorative Lamps
- Reflectors
- Type A Lamp
- Others
- Global LED Driver Supply Type Outlook (Revenue, USD Million, 2017-2030)
- Constant current
- Constant voltage
- Global LED Driver Application Outlook (Revenue, USD Million, 2017-2030)
- Consumer Electronics
- Lighting
- Automotive
- Outdoor Displays
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Our clientele includes a mix of led driver market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global led driver market , including forecasts for subscribers. This global databook contains high-level insights into Global led driver market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global led driver market size, by regions, 2017-2030 (US$M)
Top 10 countries: Led driver market size, 2023 (US$M)
Global led driver market share, by component, 2023 & 2030 (%, US$M)
Led driver market: Opportunity assessment by country
Global led driver market, by region, 2023 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 7,411.0 | 7,932.0 | 8,591.9 | 9,222.0 | 9,926.1 | 10,713.9 | 11,598.8 | 12,598.9 | 13,736.0 | 15,032.5 | 16,518.0 | 18,228.7 | 20,206.3 | 22,504.7 | 9.9% |
| Europe | 6,871.2 | 7,326.3 | 7,905.8 | 8,453.2 | 9,064.2 | 9,746.5 | 10,511.7 | 11,374.7 | 12,354.2 | 13,469.1 | 14,744.1 | 16,209.2 | 17,899.9 | 19,951.5 | 9.6% |
| Asia Pacific | 9,815.9 | 10,370.7 | 11,088.8 | 11,748.7 | 12,482.8 | 13,300.1 | 14,213.2 | 15,240.0 | 16,401.5 | 17,718.4 | 19,218.6 | 20,935.8 | 22,908.5 | 26,334.4 | 9.2% |
| Latin America | 3,681.0 | 3,820.5 | 4,013.1 | 4,176.9 | 4,359.7 | 4,563.3 | 4,790.7 | 5,046.2 | 5,335.0 | 5,661.9 | 6,033.1 | 6,456.3 | 6,940.1 | 7,495.4 | 6.6% |
| MEA | 5,447.8 | 5,837.5 | 6,326.7 | 6,790.7 | 7,305.3 | 7,877.2 | 8,514.8 | 9,230.5 | 10,038.9 | 10,954.5 | 11,996.7 | 13,188.9 | 14,558.5 | 14,899.7 | 8.3% |
| Overall | 33,226.9 | 35,287.0 | 37,926.3 | 40,391.5 | 43,138.1 | 46,201.0 | 49,629.2 | 53,490.3 | 57,865.6 | 62,836.4 | 68,510.5 | 75,018.9 | 82,513.3 | 91,185.7 | 9.1% |
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