LED Driver Market Size

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

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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.

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.

Browse key industry insights with market data tables & charts from the report:

LED Driver Market Size, Share, Growth & Trends Report 2035

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.