How do you "regulate" current if voltage is fixed?
Current regulation by resistance only is possible only with signaling LEDs with a relatively low current consumption of approx. up to 20mA, this can be applied up to approximately 20V differential voltage, then the losses are already too big.
First of all, we have to realize how the LED behaves with the increase in temperature, after reaching a certain temperature point of the chip itself, there will be a sharp change in the internal resistance and a logarithmic increase in the current - if the current maximum is not set on the source below this breaking point, degradation and possible destruction of the chip will occur very quickly .
The general rule says - with a really well-designed switching power source, we can load the LED to almost 100% of its nominal value, if we use a linear current source, the load should not exceed the limit of 75%
Industrial current-regulated sources are produced directly for specific lamps with a fixed I/U ratio or universal ones for which the ratio curve can be set, for example, using DIP or using an IR controller (my 200W LED source). The source primarily regulates to the maximum set current and the voltage follows the regulation curve.
A simple example is an ordinary laboratory power supply in CC mode.
Probably the simplest current source is a current mirror made of two transistors and a couple of resistors to set the operating points - this circuit controlled the interior lighting of my previous car for 12 years without any problem.
Thanks to the expansion of LED lights, specially manufactured integrated circuits for these purposes can be found today.
However, heat dissipation must always be ensured, preferably according to the specifications of the LED manufacturer