Overview:

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 lamp (CFL). 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 prolonged lifespan are some of the major factors facilitating the demand for the LED technology and related equipment.

Buck-boost LED drivers 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. Recent trend of implementing LED drivers with a buck-boost converter owing to easy availability, high efficiency offered, and low costs are other key factors contributing to the market growth. Furthermore, the concept of smart cities initiated by several governments across the world for improving energy efficiency is expected to drive the market growth. Buck-boost LED drivers are gaining lot of traction as the demand for IoT is encouraging companies to develop product compatible with it. An appropriate LED driver is used for both high power LED strings as well as for single LED strings in the industrial and automotive applications.

The global buck-boost LED drivers market is witnessing incremental growth in Asia Pacific. Increasing demand for LEDs across consumer electronics industry, especially in economies such as China and India is driving the market growth in the region. North America and Europe are deploying LED lighting solutions in various high-end and mid-range vehicles, thereby driving need for buck-boost LED drivers.

The global buck-boost LED drivers market is segmented on the following bases:

• Product Type
  • A-lamps
  • T-lamps
  • Others (Decorative Lamps, etc.)
• Application
  • Residential
  • Commercial
  • Public Infrastructures
  • Industrial
• Geography
  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East & Africa
    • Latin America

Key Players Identified for Buck-boost LED Drivers Market Include but are Not Limited to:

NXP Semiconductors N.V., Macroblock, Inc., Texas Instruments Incorporated, Linear Technology, Toshiba Corporation, Infineon Technologies AG, ROHM Semiconductor, STMicroelectronics, ON Semiconductor Corporation and Maxim Lighting International, Inc.