Lucintel's latest market report analyzed that general lighting in the global LED driver provides attractive opportunities in the residential, office, shop, hospitality, outdoor, industrial, and architectural applications. The general lighting in the global LED driver market is expected to reach $13.1 billion by 2028 with a CAGR of 16.4%. In this market, constant current is the largest segment by supply type, whereas office is largest by application.
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Based on supply type, the general lighting in the global LED driver market is segmented into constant current and constant voltage. The constant current segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the rising use of these LED drivers in general lighting as they consumes lesser power and ensures longer life span.
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The General Lighting in the Global LED Driver Market is marked by the presence of several big and small players. Some of the prominent players offering general lighting in the global LED driver include Texas Instruments, Toshiba Semiconductor, STMicroelectronics, ON Semiconductor, ROHM Semiconductor, and Osram GmbH.
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