Clearly, Gordon. They're just 110 VAC to 24 VDC transformers, and not very good ones at that (how good can they be when they are packaged with an LED array, attendant housing, and whatnot, and sold at a profit for less than $8?).
But you are 100% correct: the drivers are always mounted in the hottest spot in the fixture, hidden away so that we aren't troubled with seeing them. As such, they fail - as regularly as incandescent bulbs in my experience.
It still didn't stop me from buying eleventy-billion of them.