Market Insights
In recent years, LED lights have emerged as a reliable source of lighting. The use of LEDs has increased considerably on account of the superior benefits offered in terms of energy efficiency, size, and durability as compared to conventional incandescent bulbs and compact fluorescent lamps (CFLs). LED drivers offer the flexibility of connecting multiple LED segments up to the maximum power rating and are commonly available in low-voltage outputs. The flexibility offered is stimulating their adoption across diverse industry verticals, including automotive, consumer electronics, etc. In the automotive industry, buck-boost LED divers find applications in interior lighting, exterior lighting, infotainment backlighting, and tell-tale lights, among others. Demand for display and lighting appliances with less power consumption and a prolonged lifespan are some of the major factors facilitating the demand for LED technology and related equipment.
The buck-boost LED driver market is expected to register high growth during the forecast period since these drivers enable reduced carbon footprints compared to other alternatives, such as linear regulators. The recent trend of implementing LED drivers with a buck-boost converter owing to their easy availability, high efficiency, and low costs are other key factors contributing to the market’s growth. Furthermore, the concept of “smart cities,” initiated by several governments across the world for the purpose of improving energy efficiency, is expected to drive market growth. Buck-boost LED drivers are gaining traction as the demand for IoT is encouraging companies to develop products compatible with it. An appropriate LED driver is used in industrial and automotive applications for both high-power LED strings and single LED strings.
Asia Pacific is witnessing incremental growth in the global boost LED driver market. Increasing demand for LEDs across the consumer electronics industry, especially in economies such as China and India, is driving market growth in the region. North America and Europe are deploying LED lighting solutions in various high-end and mid-range vehicles, thereby driving the need for high-speed LED drivers.
The global boost LED driver market is segmented on the following basis:
Product Type
- A-lamps
- T-lamps
- Others (decorative lamps, etc.)
Application
- Residential
- Commercial
- Public Infrastructures
- Industrial
Geography
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The following companies have been identified as key players in the Buck-boost LED Drivers Market:
NXP Semiconductors N.V., Macroblock, Inc., Texas Instruments Incorporated, Linear Technology, Toshiba Corporation, Infineon Technologies AG, ROHM Semiconductors, STMicroelectronics, ON Semiconductor Corporation, and Maxim Lighting International, Inc.
