Press release
Global Display Driver IC Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2027: Key players are Himax Technologies, Inc and Sitronix Technology Corporation.
The Global Display Driver IC Market is expected to grow at a CAGR of 11.95% to reach a market size worth US$13,587.198 million by 2027.The prime factor propelling the growth of the display driver IC market is the increased consumption of consumer electronic goods, resulting in high demand for upgraded display panels.
The display driver IC market is expected to grow robustly over the forecast period.
Many devices, including televisions, desktop monitors, laptops, tablets, smartphones, and auto displays, employ display driver ICs. Display driver ICs are integrated circuit components that link the display panels, such as LED, LCD, and OLED displays, with microprocessors and other digital components. To facilitate the production of targeted images and texts on display panels, display driver ICs are devised to accept commands and information to generate signals with proper voltage, power, and speed. The display driver IC gives each sub-pixel on the screen instructions regarding its functioning process. The need for display driver IC and the demand for improved panel display resolution are rising. It is further stimulated by developments in display drivers IC made by significant key manufacturers. However, factors such as rising costs, the need for more ram to support high-resolution screens, and increasing competition among manufacturers of new display driver ICs might restrain the growth of the display driver IC market.
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The global display driver IC market has been segmented into type, display type, display size, application, and geography.
By type, the market has been classified into gate and source drivers. Furthermore, the market has been analyzed into LCD, LED, OLED, and others based on the display type. LCD and LED display holds a significant portion of the display driver IC market. Over the forecast period, OLED displays are anticipated to significantly grow their market size due to the increasing adoption of OLED screens and the developments in OLED screen technology. For instance, in January 2023, Lenovo introduced its dual-screen laptop with OLED screens. In addition, Acer also announced the launch of its new notebook with an OLED screen in December 2022. Therefore, leading laptop manufacturing companies are increasing their consumption of OLED display screens. Hence, it can be anticipated that the market share of OLED displays in the display driver IC market will rise over the forecast period.
The market is segmented into small, medium, and large depending on the display size. Small and medium-sized displays are expected to retain a substantial share of the display driver IC market driven by the escalation in the production of small and medium-sized displays. For example, Himax Technologies Inc. witnessed an annual sales growth of 86.8% for its small and medium-sized applications of display drivers, aggregating to US$963.5 million in 2021.
Based on application, the division has been done into television sets, smartphones, laptops, tablets, automobile consoles, and others. The application of display driver IC in smartphones and laptops is expected to rise significantly over the forecast period due to the increased consumption of portable electronics.
By region, North America is expected to retain a considerable market share due to developments in the display driver IC market stimulated by leading regional companies. In addition, the demand for display panels and systems with enhanced quality driven by the growth in disposable income levels in North American countries is anticipated to promote the consumption of display driver ICs in the region. Further, due to their diminutive size, low power consumption, and improved display possibilities for a cohesive visual experience, chip technology drivers are witnessing increased demand in North America.
The major players operating in the display driver IC market are Synaptics Incorporated, LAPIS Semiconductor Co., Ltd., SILICON WORKS, Himax Technologies, Inc, Novatek Microelectronics Corp, Magnachip Semiconductor, Sitronix Technology Corporation, ILITEK, and LX Semicon.
This Global Display Driver IC Market has been analyzed into the following segments:
• By Type
o Gate Driver
o Source Driver
• By Display Type
o LCD
o LED
o Others
• By Display Size
o Small
o Medium
o Large
• By Application
o Television Set
o Smartphone
o Laptop
o Tablet
o Automobile Consoles
o Others
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Spain
• Others
o The Middle East and Africa
• Saudi Arabia
• Israel
• Others
o Asia Pacific
• China
• Japan
• South Korea
• India
• Indonesia
• Taiwan
• Others
Related Reports:
• https://www.knowledge-sourcing.com/report/display-panel-market
• https://www.knowledge-sourcing.com/report/microdisplays-market
• https://www.knowledge-sourcing.com/report/flexible-display-market
• https://www.knowledge-sourcing.com/report/amoled-display-market
• https://www.knowledge-sourcing.com/report/embedded-display-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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