Market Research Report
LED Driver Market - Growth, Trends and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||707304|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|LED Driver Market - Growth, Trends and Forecasts (2020 - 2025)|
|Published: January 1, 2020||Content info: 120 Pages||
The LED Driver Market is expected to register a CAGR of 18.1% during the forecast period (2020 - 2025). LED drivers have become the bottleneck of LED lighting, both in terms of size and reliability. They provide fundamental advantages for LED lighting with smaller form factor, higher reliability, and improved efficiency over the dimming curve. The increasing energy efficient policies by federal government and councils across nations have deliberately motivated the investments in energy-efficient practices and technologies. The display devices, such as smartphones, tablets, laptops, and television have widely adopted LED backlighting systems due to their low power consumption, small and thin packing ability. Despite their wide adoption, the manufacturers are continuing to invest in backlighting systems to enhance the user experience.
LED Driver is an electrical device that delivers power to a string of LEDs in a regulated manner. LED driver maintains the constant power supply for LED as the electrical properties change throughout the temperature which will increase or decrease for LED. LED driver is adopted by many outdoor applications such as roadway lightning, highway and tunnel lightning and street lightning. These drivers have become more innovative and offer increased flexibility for the lighting solutions.
Automotive Lighting Segment is Expected to Have Significant Growth
The demand for automotive lighting market was driven by increased lighting system content per vehicle and a more favorable product mix driven by strong adoption of LED-based front lighting systems. Low power consumption and lesser weight make LEDs ideal for electric vehicles. Most of the luxury car manufacturers, such as Audi, BMW, Mercedes, Jaguar, Nissan, Porsche, and Volvo have adopted LEDs for exterior lighting.
For instance, HELLA has developed its MULTIBEAM LED Headlamp in the Mercedes-Benz E-Class, consisting of 84 controllable LED lights per headlamp. These can be individually controlled to adjust light distribution depending on traffic, weather, and road conditions. The integrated adaptive 'High Beam Assistant Plus' also ensures that high beam is used more frequently, offering greater safety and comfort.
Asia Pacific Region is Expected to Witness Fastest Growth Rate
Asia-Pacific has seen a significant growth in the LED driver market and is expected to witness a highest growth over the forecast period.The economic development and government policies, due to rapid urbanization in developing countries, such as India, China, and Japan, has spurred the demand for LEDs in the region.
The LED Driver Market is a fragmented market. It is a highly competitive market with number of players in the market and there is no dominant player present.
For instance, In April 2018 Tridonic and Enlighted have continued to push the IoT-ready Alliance encouraging solid-state lighting (SSL) manufacturers to future proof their products, and Tridonic has added such support in a new driver. Helvar introduced LED drivers with filtered hybrid dimming, a technology that results in stabilized, extremely high-quality light at the lowest dimming levels for even the most demanding applications, such as flicker-free camera recording.