The Europe LED Driver Market would witness market growth of 15.9% CAGR during the forecast period (2019-2025). In this technologically advanced period, the lighting industry has become an energy-efficient lighting and adaptive lighting system. LED lighting created another energy-efficient light source, but the major change would be through digitization. This concept is set to make smart lighting the fastest growing segments in the transition of the Internet of Things (IoT). Digitization will impact all application categories, including housing, office spaces, retail, and infrastructure. The linked lighting network supports an increasing number of light points, application program interface (API) and developer interface, allowing multiple quality applications to be developed and added.
Smart lighting has transformed the way human life has been affected by technology. Lighting systems that are connected to smartphones and wireless switches are operated by touch. They offer the freedom to change, customize, and set millions of colors, and transform white light into neutral, cold, and other options. Governments of different countries have undertaken initiatives on smart cities to build technologically advanced and sustainable living spaces. Sustainable lighting is an essential part of these initiatives. As a result, demand for smart lighting solutions based on IOT is increasing. Most cities also have smart street lights that use daylight sensors to turn on and off. These factors are contributing towards the growth of the light-emitting diode driver market.
Based on Application, the market is segmented into Consumer Electronics, Lighting, Automotive and Others. Based on Supply Type, the market is segmented into Constant Current LED Driver and Constant Voltage LED Driver. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ON Semiconductor Corporation, Koninklijke Philips N.V., Texas Instruments, Inc., Maxim Integrated Products, Inc., Rohm Semiconductors Co., Ltd., General Electric (GE) Co., Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics N.V. and Toshiba Corporation.
Market Segmentation:
By Supply Type
By Application
By Country
Companies Profiled
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