Magnetic Lighting Drivers Market size was valued at
US$ 2.12 billion in 2024 and is projected to reach US$ 4.56 billion by 2032, at a CAGR of 11.8% during the forecast period 2025-2032
Report Studies
• The global Magnetic Lighting Drivers Market size was valued at US$ 2.12 billion in 2024 and is projected to reach US$ 4.56 billion by 2032, at a CAGR of 11.8% during the forecast period 2025-2032. The U.S. accounted for 32% of the market share in 2024, while China is anticipated to witness the fastest growth at a CAGR of 9.2% through 2032.
• Magnetic Lighting Drivers serve as critical components in lighting systems, acting as intermediaries between power sources and lighting fixtures. These devices regulate and stabilize electrical currents to ensure optimal performance of LED, fluorescent, and other lighting technologies. Key product categories include Boost Drive and Step Down Driver variants, with Boost Drive solutions dominating over 58% of the market share in 2024 due to their efficiency in high-voltage applications.
By Type:
• The market is segmented based on type into:
• Boost Drive
• Step Down Driver
• Others
• The market is segmented based on application into:
• Automotive
• Industrial
• Electronics
• Others
• Renesas Electronics (Japan)
• Analog Devices, Inc. (ADI) (U.S.)
• Monolithic Power Systems (U.S.)
• ON Semiconductor (U.S.)
• Microchip Technology (U.S.)
• Allegro MicroSystems (U.S.)
• NXP Semiconductors (Netherlands)
• Infineon Technologies (Germany)
