Light Emitting Diode (LED) Driver Integrated Circuit (IC) Market Report 2025

The light-emitting diode (LED) driver integrated circuit (IC) market size has grown rapidly in recent years. It will grow from $4.51 billion in 2024 to $5.18 billion in 2025 at a compound annual growth rate (CAGR) of 14.7%. The growth during the historic period can be credited to the rising demand for energy-efficient lighting, the growing adoption of smart lighting systems, the implementation of government regulations and policies, heightened awareness of reducing carbon footprints and environmental impacts, and the increasing need for flexible and customizable LED lighting options.

The light-emitting diode (LED) driver integrated circuit (IC) market size is expected to see rapid growth in the next few years. It will grow to $8.84 billion in 2029 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to an increasing emphasis on dimmable and color-tunable lighting solutions, expanding construction activities, accelerating urban infrastructure development, rising adoption of electric vehicles, and greater use of color liquid crystal displays. Key trends during this period include advancements in LED driver IC designs, progress in miniaturization and integration of multifunctional features, incorporation of smart control technologies, and the development of compact driver integrated circuits.

The expanding automotive sector is expected to significantly boost the growth of the light-emitting diode (LED) driver integrated circuit (IC) market. This industry involves designing, manufacturing, and selling motor vehicles and their parts, which play a key role in global transportation and economic progress. The rise in consumer demand for advanced, fuel-efficient, and technologically enhanced vehicles is a major contributing factor. LED driver ICs support efficient and reliable vehicle lighting systems, enabling features such as dimming, adaptive lighting, and smart connectivity. These components improve energy efficiency, ensure stable operation, and enhance vehicle safety and performance. For instance, according to the European Automobile Manufacturers’ Association (ACEA), global motor vehicle production reached 85.4 million units in 2022, marking a 5.7% increase compared to 2021. This growth in the automotive industry is driving the expansion of the LED driver IC market.

Leading companies in the light-emitting diode (LED) driver integrated circuit (IC) market are concentrating on developing innovative solutions such as automotive LED driver ICs to boost energy efficiency, improve thermal management, and enable advanced vehicle features such as dimming, adaptive lighting, and smart connectivity. Automotive LED driver ICs are integrated circuits that regulate and control power to vehicle LED lighting systems, ensuring stable operation, energy efficiency, and advanced functionalities such as dimming and adaptive lighting. For example, in June 2024, Suzhou Novosense Microelectronics Co. Ltd., a semiconductor company based in China, introduced the NSL21916/24, a highly integrated 16/24-channel automotive LED driver IC tailored for advanced vehicle lighting systems. This automotive-grade device supports up to 16 or 24 LED channels with flexible current control and offers advanced dimming options, including PWM and phase shift dimming. It also provides programmable configurations through on-chip EEPROM, interfaces for UART and CAN communication, and robust diagnostics such as LED fault detection and thermal management.

In June 2022, Inventronics (Hangzhou) Inc., a China-based manufacturer of LED drivers, acquired the digital systems business from ams OSRAM AG for an undisclosed sum. This acquisition allows Inventronics to broaden its regional footprint and product offerings while positioning itself as a leader in the shift toward cost-effective, intelligent, and connected lighting solutions. Through this move, the company aims to deliver advanced technology and enhanced value to customers worldwide. ams OSRAM AG, headquartered in Austria, is a semiconductor manufacturer specializing in light-emitting diode (LED) driver integrated circuits (ICs).

Major players in the light emitting diode (led) driver integrated circuit (ic) market are Toshiba Corporation, Koninklijke Philips N.V., Texas Instruments Inc., Infineon Technologies AG, STMicroelectronics N.V., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, Seiko Epson Corporation, Microchip Technology Inc., ON Semiconductor Corporation, Skyworks Solutions Inc., ROHM Semiconductor, Littelfuse Inc., Monolithic Power Systems Inc., Diodes Inc., Seoul Semiconductor Co. Ltd., Semtech Corporation, Power Integrations Inc., SG Micro Corp, Macroblock Inc., Fitipower Integrated Technology Inc., and Samsung Electronics Co. Ltd.

North America was the largest region in the light emitting diode (LED) driver integrated circuit (IC) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in light-emitting diode (LED) driver integrated circuit (IC) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the light-emitting diode (LED) driver integrated circuit (IC) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

A light-emitting diode (LED) driver integrated circuit (IC) is an electronic device designed to control the power delivered to LEDs, ensuring stable current and voltage levels. Its main function is to maintain consistent brightness, protect LEDs from damage, and enhance energy efficiency. This IC typically features dimming control, thermal protection, and fault detection to support reliable LED operation.

The primary types of LED driver integrated circuits include buck-boost, current sink, inductorless, step-down (buck), step-up (boost), multi-topology, and others. The buck-boost type is a DC-DC converter capable of both increasing and decreasing voltage to maintain a stable output, regardless of whether the input voltage is higher or lower. These drivers support various supply voltages, including low, medium, and high voltage, and are used in applications such as general lighting, automotive lighting, and display backlighting. Key end users include residential, commercial, industrial, automotive sectors, and others.

The light emitting diode (LED) driver integrated circuit (IC) market research report is one of a series of new reports that provides light emitting diode (LED) driver integrated circuit (IC) market statistics, including light emitting diode (LED) driver integrated circuit (IC) industry global market size, regional shares, competitors with a light emitting diode (LED) driver integrated circuit (IC) market share, detailed light emitting diode (LED) driver integrated circuit (IC) market segments, market trends and opportunities, and any further data you may need to thrive in the light emitting diode (LED) driver integrated circuit (IC) industry. This light-emitting diode (LED) driver integrated circuit (IC) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The light-emitting diode (LED) driver integrated circuit (IC) market consists of sales of constant current drivers (CCD), constant voltage drivers (CVD), multi-channel LED drivers (MCLED), programmable LED drivers, and smart wireless-controlled LED drivers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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