An exciting new study from the team of Lucintel found that LED driver market is expected to reach $21.9 billion by 2027 with a CAGR of 15%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The LED driver market is segmented based on supply type, luminaire type, application, and region. In this market, constant current is expected to remain the largest supply type, and general lighting segment is expected to remain the largest application. Players can benefit from the available opportunities like increasing penetration of LED lighting in automotive and building & construction industry.
Development of visible light communication (VLC) led drivers and development of color tunable LED driver are emerging trends having impact on dynamics of the industry.
Texas Instruments, Toshiba Semiconductor, STMicroelectronics, ON Semiconductor, ROHM Semiconductor., Osram GmbH, Power Integration, STMicroelectronics, Microchip Technology, Taiwan Semiconductor, Infineon Technologies are some of the major players profiled in this 183 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the LED driver market by supply type (constant current and constant voltage), luminaire type (type A lamp, decorative lamp, T lamp, reflectors and others), by applications (general lighting, automotive lighting and backlighting), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the LED driver market?
Q.4 What are some changing demands of customers in the LED driver market?
Q.5 What are the new developments in the LED driver market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this LED driver area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this LED driver market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.