North America Led Driver Market Size & Outlook, 2023-2030
North America led driver market, 2017-2030 (US$M)
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North America led driver market highlights
- The North America led driver market generated a revenue of USD 11,598.8 million in 2023.
- The market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, driver ic was the largest revenue generating component in 2023.
- Driver IC is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 11,598.8 million |
| Market revenue in 2030 | USD 22,504.7 million |
| Growth rate | 9.9% (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 |
| Key market players worldwide | Microchip Technology Inc, Cree LED, Hubbell Inc, Signify NV, Samsung Electronics Co Ltd, Lutron Electronics, Macroblock, Analog Devices Inc, NXP Semiconductors NV, Onsemi Intelligent Technology, Ams-OSRAM AG, Rohm Co Ltd, STMicroelectronics NV, Texas Instruments Inc, Eaglerise Electric & Electronic, Ace Led Light Co. |
Other key industry trends
- In terms of revenue, North America region accounted for 23.4% of the global led driver market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 22,504.7 million by 2030.
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LED Driver Market Scope
LED Driver Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 41.56% in 2023. Horizon Databook has segmented the North America led driver market based on driver ic, discrete component covering the revenue growth of each sub-segment from 2017 to 2030.
North America accounted for a revenue share of more than 24% in 2021. The aggressive investments in research & development projects and the adoption of modern processes and solutions bode well for the growth of the regional market.
The growing demand for LED Drivers to support the continued automation across various industries and industry verticals, and subsequently, the adoption of innovative machining methods is driving the need to optimize the spring production processes and increase the spring production capacity.
Important considerations for commercial area lighting can be found throughout North America. Greater lumen coverage, higher durability, and the correct power supply are all necessary. Those fundamental conditions can be met with LED. As a result, it is preferred above other currently available technologies.
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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 continent-level data and insights on the North America led driver market , including forecasts for subscribers. This continent databook contains high-level insights into North America led driver market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America led driver market size, by country, 2017-2030 (US$M)
North America LED Driver Market Outlook Share, 2023 & 2030 (US$M)
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