LED Driver IC Market Size to Reach USD 16.05 Billion by 2032, Driven by Rising Demand for Energy-Efficient Lighting Solutions | Research by S&S Insider

Austin, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Analysis: The S&S Insider report indicates that, "The LED Driver IC Market was valued at USD 3.79 Billion in 2023 and is projected to grow to USD 16.05 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.46% from 2024 to 2032." The LED Driver IC market has seen a notable increase in growth lately, driven by the rising need for energysaving lighting options in residential, commercial, and industrial areas. One primary use of LE ...