LED Driver Market Share

APAC Market Analysis

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 2037. 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 Forecast

The North America LED driver market is estimated to be the second largest, registering a share of about 22% by the end of 2037. 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.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of LED driver is evaluated at USD 13.42 billion.

The LED driver market size was over USD 11.53 billion in 2024 and is anticipated to exceed USD 130.97 billion by the end of 2037, witnessing over 20.3% CAGR during the forecast period i.e., between 2025-2037. The increasing elimination of fluorescent lighting and the growing adoption of LEDs as the main lighting technology will boost the market growth.

North America industry is estimated to hold 22% of the revenue share by 2037, backed by expanding urbanization and rising development of smart infrastructures in smart cities.

The major 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 Share