About Contact Us Careers

LED Driver Market Size and Forecast, by Driver Type (Constant Voltage, Constant Current); Luminaire Type (Decorative Lamps, Type A Lamp, Reflectors); Component (Driver IC, Discrete Component); Control Feature (Wired, Wireless); Application (General Lighting, Electronic Devices, Automotive Lighting, Lighting Outdoor Display); End-user (Residential, Commercial, Industrial) - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 5039
  • Published Date: May 09, 2025
  • Report Format: PDF, PPT

LED Driver Market Outlook:

LED Driver Market size was valued at USD 15.17 billion in 2025 and is likely to cross USD 64.09 billion by 2035, registering more than 15.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of LED driver is assessed at USD 17.29 billion.

LED Driver Market Size
Discover Market Trends & Growth Opportunities: Request Free Sample PDF

LEDs are becoming the main lighting technology with more than 50% of the global lighting market using LED technology. This is anticipated to propel the market growth of LED drivers. LEDs need a continuous direct current of 12v or 24v, which is lower than the voltage that the main power supplies throughout. Hence, all LED lights need an LED driver to convert the power supply into a more suitable one with a lower risk of fire and burnout.

The increasing demand for electronics and the rising use of LEDs in TV backlighting, smartphone backlighting, LED displays, automotive lighting, programmable LED lighting, and the rising technological advancement in lighting components is slated to propel the market. With improved performance, there are numerous growth opportunities for the market.

Key LED Driver Market Insights Summary:

  • Regional Highlights:

    • The Asia Pacific LED driver market is projected to capture a 40% share by 2035, driven by significant growth in electronics manufacturing, especially in countries such as China and India owing to rising government policies and initiatives.
    • The North America market is expected to secure a 22% share by 2035, attributed to expanding urbanization and rising development of smart infrastructures in smart cities.

  • Segment Insights:

    • The constant current driver type segment in the LED driver market is expected to capture a 60% share by 2035, driven by the growing utilization of constant current drivers in industrial LED lighting applications.
    • The commercial segment segment in the led driver market is anticipated to capture a 45% share by 2035, driven by the high efficiency, extended lifespans, lower energy consumption, and directional nature of LEDs.

  • Key Growth Trends:

    • Increasing Investment in Smart-City Applications
    • Net Zero Emissions by 2050 Scenario

  • Major Challenges:

    • Lack of Standardization
    • Possibility of Failures of LED Drivers prematurely

  • Key Players: Inventronics Inc., Signify Netherlands B.V., Smart Global Holdings, Inc., Microchip Technology Inc., Lutron Electronics Co., Ltd, Samsung Electronics Co., Ltd., Macroblock, Inc, NXP Semiconductors, N.V., Semiconductor Components Industries, LLC, ams OSRAM, Rohm Co., Ltd.

Global LED Driver Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 15.17 billion
    • 2026 Market Size: USD 17.29 billion
    • Projected Market Size: USD 64.09 billion by 2035
    • Growth Forecasts: 15.5% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: Asia Pacific (40% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: China, United States, Japan, Germany, South Korea
    • Emerging Countries: China, India, Japan, South Korea, Taiwan

    • Last updated on : 9 May, 2025

Growth Drivers

  • Increasing Investment in Smart-City Applications – the increasing number of smart cities and the replacement of aging infrastructure worldwide is bolstering the demand for LED drivers with most streets and outdoor areas being upgraded to light-emitting diode (LED) lighting. For instance, as per forecasts, the majority of outdoor streetlights globally are expected to be converted to LED lamps by 2030. With around 300 million streetlights worldwide, most of the work is still ahead to upgrade aging infrastructure.
  • Net Zero Emissions by 2050 Scenario – As per International Energy Agency’s (IEA) roadmap, transforming the global buildings sector and reducing global carbon emissions by implementing and enforcing regulations in the buildings sector to ensure the switch in the global lighting market to 100% LED by 2025 is anticipated to compel the adoption of LED lighting at a faster pace, which is expected to propel the market growth.

Challenges

  • Lack of Standardization: With a lack of proper standardization, interoperability issues arise and lead to compatibility issues. This is known to be a growth-hindering factor.

  • Possibility of Failures of LED Drivers prematurely

  • Slow Rate of Penetration in Underdeveloped Countries

LED Driver Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

15.5%

Base Year Market Size (2025)

USD 15.17 billion

Forecast Year Market Size (2035)

USD 64.09 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
Access Detailed Forecasts & Data-Driven Insights: Request Free Sample PDF

LED Driver Market Segmentation:

  • Driver Type Sgment Analysis

The constant current driver type is anticipated to hold the largest share of 60% by the end of 2035. The growing utilization of constant current drivers in industrial LED lighting applications is expected to propel the segment’s growth. Varying voltage is supplied to the light to maintain a constant current by these current drivers. These designs make the LED just need a fixed current and to withstand a range of voltages. Hence, the rise in the demand for constant current drivers for LED downlights or high-powered LEDs as they can control the electrical current is anticipated to lead the market growth.

  • End-User Segment Analysis

The commercial segment is estimated to garner the highest revenue share of 45% by the end of 2035. The high efficiency, extended lifespans, lower energy consumption, and directional nature of LEDs make them ideal for commercial uses. As per research, 50% of commercial buildings in the U.S. use lighting control. Moreover, the rising use of LEDs in parking garage lighting, walkway, street lights, and other outdoor area lighting is anticipated to boost the segment’s growth.

Our in-depth analysis of the global market includes the following segments:

          Driver Type
  •  Constant Voltage
  • Constant Current

          Luminaire Type
  • Decorative Lamps
  • Type A Lamp
  • Reflectors, Others

           Component
  •  Driver IC
  • Discrete Component

            Control Feature
  •  Wired
  • Wireless

              Application
  •  General Lighting
  • Electronic Devices
  • Automotive Lighting
  • Lighting Outdoor Display

               End-User
  • Residential
  • Commercial
  • Industrial
 
Vishnu Nair
Vishnu Nair
Head - Global Business Development

Customize this report to your requirements — connect with our consultant for personalized insights and options.

LED Driver Market Regional Analysis:

APAC Market Insights

The share of the LED driver market in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about 40% by the end of 2035. The significant growth in electronics manufacturing, especially in countries such as China and India owing to rising government policies and initiatives is leading the growth of the LED driver market in the region. World’s most LED lamps are produced in China. China exported around 4.745 billion LED bulbs, accounting for an export value of about USD 4.8 billion in 2022.

North American Market Insights

The North America LED driver market is estimated to be the second largest, registering a share of about 22% by the end of 2035. The regional market growth is backed by the expanding urbanization and rising development of smart infrastructures in smart cities specifically in States like New York and the United States. The commitment to the smart-city transformation begins, with a more efficient and networked street-lighting system which is estimated to increase the demand for LEDs.

LED Driver Market Share
Get Strategic Analysis by Region Now: Request Free Sample PDF

LED Driver Market Players:

    • Inventronics Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Signify Netherlands B.V.
    • Smart Global Holdings, Inc.
    • Microchip Technology Inc.
    • Lutron Electronics Co., Ltd
    • Samsung Electronics Co., Ltd.
    • Macroblock, Inc
    • NXP Semiconductors N.V.
    • Semiconductor Components Industries, LLC
    • ams OSRAM
    • Rohm Co., Ltd.

     

Recent Developments

  • Inventronics Inc. released a new series of high-power, 680W LED drivers suitable for horticulture, high mast, and stadium lighting applications. ESM-680SxxxMx drivers deliver design versatility with programmability, Controls-Ready features, and industry-leading built-in protection.
  • Smart Global Holdings, Inc., acquired Cree, Inc.’s Cree LED Products business unit.
  • Signify Netherlands B.V. the world leader in lighting, upgraded its portfolio of compact Philips Xitanium Sensor Ready Xtreme LED drivers for outdoor applications with the recently granted D4i certification. The D4i certification program is designed to deliver standardization in the market, drive wider adoption of IoT connectivity in lighting and aid smart city or building projects.
  • Report ID: 5039
  • Published Date: May 09, 2025
  • Report Format: PDF, PPT
  • Get detailed insights on specific segments/region
  • Inquire about report customization for your industry
  • Learn about our special pricing for startups
  • Request a demo of the report’s key findings
  • Understand the report’s forecasting methodology
  • Inquire about post-purchase support and updates
  • Ask About Company-Level Intelligence Additions

Have specific data needs or budget constraints?

customer-service Inquiry Before Buying

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of LED driver is assessed at USD 17.29 billion.

The global LED driver market size was valued at over USD 15.17 billion in 2025 and is expected to register a CAGR of more than 15.5%, exceeding USD 64.09 billion revenue by 2035.

The Asia Pacific LED driver market is projected to capture a 40% share by 2035, driven by significant growth in electronics manufacturing, especially in countries such as China and India owing to rising government policies and initiatives.

Key players in the market include Inventronics Inc., Signify Netherlands B.V., Smart Global Holdings, Inc., Microchip Technology Inc., Lutron Electronics Co., Ltd, Samsung Electronics Co., Ltd., Macroblock, Inc, NXP Semiconductors, N.V., Semiconductor Components Industries, LLC, ams OSRAM, Rohm Co., Ltd.

LED Driver Market Report Scope

GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

Connect with our Expert

Preeti Wani
Preeti Wani
Assistant Research Manager
Get a Free Sample

See how top U.S. companies are managing market uncertainty — get your free sample with trends, challenges, macroeconomic factors, charts, forecasts, and more.

Inquiry Before Buying Request Free Sample PDF

Copyright @ 2025 Research Nester. All Rights Reserved.

footer-bottom-logos