Lucintel’s latest market report analyzed that decorative lamps in the global LED driver provides attractive opportunities in the general lighting, automotive lighting, and backlighting applications. The decorative lamps in the global LED driver market is expected to reach $0.70 billion by 2028 with a CAGR of 11.8%. In this market, constant current is the largest segment by supply type, whereas general lighting is largest by application.
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Based on supply type, the decorative lamps 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 significant usage of these constant current based LED drivers in decorative lights.
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The Decorative Lamps in the Global LED Driver Market is marked by the presence of several big and small players. Some of the prominent players offering decorative lamps in the global LED driver include ACE LEDS, Microchip Technology, Cree LED, GE Current, and Signify Holdings.
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