Applies to: Launch Control, Launch Control XL
No, the Launch Control range are a class compliant devices so don't use a dedicated driver. The result of this is that you can't use them with more than one application in Windows at a time.
An example of this would be, if you're using the Launch Control editor with the Launch Control and you then open your DAW, the Launch Control won't be able to connect with the DAW until Launch Control editor is closed.