Growing Demand for Linear LED Drivers in the Automotive Sector to Fuel Growth of Linear LED Driver Market
The increasing replacement of traditional lighting technologies, including halogen lights, with LED lights, is a key factor driving the linear LED driver market in the automotive sector. A large percentage of automotive manufacturers purchase vehicle LED lights from original equipment manufacturers (OEMs) and assemble them into the automotive models. As a result, market share LED drivers holds potential over the forecast period. According to recent reports, the LED penetration rate for global automobiles has reached 53.1% in 2020, amongst those, the LED penetration rate for electric cars reached 85% in 2020; the figures are likely to hit 60% and 90% in 2021. Moreover, the increasing use of linear LED drivers due to their small size, and low power consumption, to improve automotive features is also driving global linear LED driver market. According to International Energy Agency, LED usage has increased significantly in recent years, from 5% of global sales in 2013 to more than 50% of global lighting sales in 2020.
LEDs been around for over 50 years. Scientist Nick Holonyak realised that LED had potential as a light source. LEDs burn light 90 percent more efficiently than incandescent bulbs. But the LED light industry grew slowly. At first, IBM used LEDs in circuit boards. In the 1970s, LEDs were in digital watches, and calculators. By the late 1980s, LEDs were used in traffic lights and brake lights. LED lights are the now and future of household lighting. LEDs didn't become synonymous with household lighting until the early 2000s. Today, if we go into Home Depot or Lowe's, LEDs take up a good part of the light bulb section, which warrants significant growth prospects of linear LED driver market.
These lights are just as versatile as other types of household lighting but last much longer, making them a sound economical choice. Unlike incandescent bulbs, they remain cool to the touch. Additionally, unlike compact fluorescent lights (CFLs), LED lights do not contain mercury that can spill if dropped, making them a safer choice for household use. Additionally, LEDs have more uses than traditional lighting technologies. They can be used in more shapes, and sizes, from a candle-shaped decorative chandelier bulbs to large outdoor bulbs.
The growing use of small LEDs in dome lights, interior lights, courtesy lamps, and vehicle headlights, especially fast-acting taillights has increased the demand for linear LED drivers substantially. The recent increase in the lighting market sector is attributed to many developed markets, including the United States, and Europe. China has created a significant domestic and global manufacturing base. For both home and automotive applications, LED sales appear to have surpassed fluorescent purchases, and the LED market share is expected to continue to grow. Other factors driving the global automotive LED driver market include increasing initiatives to adopt energy-saving alternatives. LEDs must account for 100% of all lighting product sales by 2025 to meet the Net Zero mandate by 2050.
Increased Demand for LED Lights from Consumer Electronics to Strengthen Linear LED Driver Market Growth
Consumer electronics is expected to be the fastest-growing segment of the linear LED driver market over the forecast period, owing to the rising purchases of LED TVs, and smartphones in developing countries. In these electronic items, LED panels are replacing traditional LCD screens as they provide better visual quality, colour accuracy, and low power consumption. LED components are also included in display panels in consumer devices like refrigerators, and air conditioners. Moreover, the LED driver market is expected to grow in response to the growing demands for IoT-based connected lighting solutions. The increasing number of smart homes in developed countries is attributable to the growth of linear LED driver market.
Expansion in Transportation to Drive Growth of Asia Pacific Linear LED Driver Market
The linear LED driver market in Asia Pacific is being driven by decreased LED lighting prices, rising consumer living standards, and China's well-established automobile sector. Government initiatives in the Asia Pacific to promote energy-efficient lighting are another aspect driving the market in the region. The linear LED driver market in the Asia Pacific is expected to grow significantly owing to the extensive presence of key players, and increased competition among them.
LED adoption for outdoor applications has been continuously growing in India. The Indian market currently accounts for the vast majority of LED lighting solutions consumption in the APAC region, and the industry is predicted to grow twice over the forecasted period. Recent reports indicate that the LED penetration rate in the Indian lighting market had already crossed 60%, by 2020. Government initiatives aimed at structuring rules to encourage LED adoption are also driving the sector forward. The Indian government plans to replace 14 million streetlights with intelligent lighting control systems across the country. Various smart city initiatives are being implemented across India. For instance, as part of the smart city project in Karnal (District of Haryana state in North India), 25000 smart LED street lights were installed in July 2021.
The sales growth in North America is expected to be significant and constant over the forecast period. LED lighting is being used more frequently in the construction, and automotive sectors as a result of increased growth and changing lifestyles among customers in the region. In addition, government initiatives to encourage the use of energy-efficient lighting systems are boosting LED lighting driver market growth in North America. For instance, the major 314 cities in the United States have been transformed to LED lighting in March 2020, according to the Northeast Group, and the country is scheduled to invest US$ 8.2 billion in street light upgrading over the next decade. Various energy-efficiency projects are being implemented throughout the region, including the United States, Canada, and Mexico to lower greenhouse gas emissions, and global warming.
Global Linear LED Driver Market: Competitive Landscape
In 2021, Acuity Brands acquired OSRAM’s North American Digital Systems (DS) business to expand Acuity’s capabilities and its advanced LED driver portfolio that consists of the eldoLED driver and IOTA emergency driver brands. On the other hand, in April 2021, Samsung Electronics launched PixCell LED, a new automotive LED module designed for intelligent headlights such as adaptive driving beam (ADB) systems. The ADB headlights are powered by Samsung's PixCell LEDs, which will assist in improving driver vision and security at night and in severe weather conditions such as fog or heavy rain.
A few of the players in linear LED driver market include Texas Instruments Incorporated., LED Linear GmbH, OSRAM GmbH, Maxim Integrated, Cree LED, Diodes Incorporated, Infineon Technologies AG, NXP, Shenzhen KYD Light Co. Ltd, Macroblock Inc., Toshiba Electronic Devices & Storage Corporation, Atmel Corporation, and Semiconductor Components Industries, LLC.
Regional Classification of the Global Linear LED Driver Market is Described Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability
Key Elements Included In The Study: Global Linear LED Driver Market
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