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.
