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The Display Driver IC Market size is estimated to grow at a CAGR of 8.66% between 2022 and 2027. The market size is forecast to increase by USD 3,793.03 million. The growth of the market depends on several factors, including increasing penetration of smart devices, rising product launches by vendors, and increasing demand for e-displays. Display driver IC is an integrated circuit chip that regulates the switching and display method of LCD panels and AMOLED panels.
This display driver IC market report extensively covers market segmentation by type (gate driver and source driver), display Size (small, medium, and large), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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One of the key factors driving the Display Driver Integrated Circuit (DDIC) Market growth is the increasing penetration of smart devices. Factors such as the growing penetration of smart devices such as smartphones, tablets, laptops, smart TVs, streaming media players, and other multimedia devices are fuelling the demand for electronic chips such as display driver IC. Several developing economies like APAC, the Middle East, Africa, and South America are having high growth in the penetration of smart devices.
Furthermore, several factors such as economic growth, increasing literacy rate, and rising purchasing power are boosting the demand for smartphones and other devices. Hence, the advancements in cellular technology, such as 4G, and other factors are expected to drive the growth of the global display driver IC market during the forecast period.
A key factor shaping the Display Driver Integrated Circuit Market growth is the rising M and A activities. In order to dominate their presence in the market, several vendors of display driver IC such as Renesas and Infineon Technologies are implementing certain inorganic strategies, such as M&A. Also, these new product launches and M&A are expected to increase the competition in the market.
For instance, in August 2021, Renesas Electronics Corp. completed its acquisition of Dialog Semiconductor, an American-founded UK-Domiciled manufacturer of semiconductor-based system solutions. Hence, such kinds of mergers and acquisitions are expected to drive the global display driver IC market growth during the forecast period.
Miniaturization of electronic devices is one of the key challenges hindering the Display Driver IC Market growth. IC manufacturers are able to reduce the board space while maintaining manufacturing costs due to the increase in the miniaturization of semiconductor electronic devices. In order to reduce the board space, manufacturers are compelled to embed over 30 different high- and low-voltage circuits and analog functions in a single chip.
As a result, it tends to increase the manufacturing cost. Hence, vendors are forced to constantly upgrade their offerings with more advanced and compact ICs to cater to consumer requirements which drives them to invest a large amount of money in procuring costly equipment to manufacture smart and intelligent display driver IC systems. Hence, such factors are expected to hinder the global display driver IC market growth during the forecast period
The gate driver segment is estimated to witness significant growth during the forecast period. A gate driver is a power amplifier that takes the low-power input of a controller IC and facilitates the proper high-current gate drive for a power device. As the requirements of consumers are increasing gradually, the design and performance of the gate driver circuits are becoming crucial.
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The gate driver segment was the largest segment and was valued at USD 4,375.77 million in 2017. Factors such as the rising demand for better electronics from consumers and the emergence of new technologies such as wearables due to intense competition are expected to drive the growth of this segment. Manufacturers are also innovating new product offerings with the help of advancements in technology and R&D to stay ahead of the competition, resulting in a significant increase in the growth of the consumer electronics industry. Hence, the increase in demand for smartphones globally will fuel the demand for special-purpose logic ICs among the consumer electronics segment which in turn is expected to drive the global display driver IC market growth during the forecast period.
The emergence of new-age technologies is expected to drive the growth of the small display size segment market during the forecast period. One of the main reasons driving the market growth of this segment is the rising adoption of active-matrix organic light-emitting diodes (AMOLEDs) for smartphones and tablets and LEDs for TVs and other appliances. Some of the key companies which are investing in R&D as well as product launches include Samsung Electronics Co. Ltd. and LG Electronics Inc. Hence, the advancement of new-age technologies such as wearables, smart electronics featuring smart glass technology, and flexible AMOLED displays is expected to drive the growth of this segment which in turn will drive the global display driver IC market growth during the forecast period.
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APAC is estimated to contribute 61% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the major reasons for the significant market growth of IC drivers in APAC is the high concentration of display device manufacturers and LCD and OLED panel manufacturers in the region. APAC is expected to sustain its dominance in the market owing to the well-established supply chain for display devices in the region. China is one of the APAC countries which has significantly contributed to the market growth due to the factors such as the availability of abundant resources, proximity to customer locations, growing demand in the domestic market, and availability of low-cost labor in the country. Hence, such factors are expected to drive the global display driver IC market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global display driver IC market witnessed a significant slowdown as the production plants for electronic devices across China, India, and Japan were shut down during the first quarter of 2020. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the increasing demand for electronic devices such as smart TVs, laptops, smartphones, and tablets. Such factors are expected to drive the market during the forecast period.
The Display Driver IC Market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Display Driver IC Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ams OSRAM AG: The company offers display driver IC solutions such as AS1115 LED Driver IC 64 LED matrix driver with 16 keys.
Fitipower Integrated Technology Inc: The company offers display driver IC solutions for various LCD display sizes, including LCD TVs, monitors, laptops and other applications, including source drivers, gate drivers, timing controllers, Vcom OP and OP buffers.
FocalTech Systems Co. Ltd: The company offers display driver IC solutions for Mobile, Tablet and Notebook.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The display driver IC market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Display Driver IC Market Scope |
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Report Coverage |
Details |
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Page number |
156 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.66% |
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Market growth 2023-2027 |
USD 3,793.03 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.83 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 61% |
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Key countries |
US, South Korea, China, Japan, and Taiwan |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ams OSRAM AG, Fitipower Integrated Technology Inc., FocalTech Systems Co. Ltd., Himax Technologies Inc., Infineon Technologies AG, LX Semicon Co. Ltd., MagnaChip Semiconductor Corp., Novatek Microelectronics Corp., NXP Semiconductors NV, OmniVision Technologies Inc., Raydium Corp., Renesas Electronics Corp., ROHM Co. Ltd., Samsung Electronics Co. Ltd., SINOWEALTH Electronic Ltd., Sitronix Technology Corp., Solomon Systech International Ltd., Synaptics Inc., Texas Instruments Inc., and Toshiba Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Display Size
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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