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The Display Driver IC Market size is forecast to increase by USD 4.39 billion, at a CAGR of 9.21% between 2023 and 2028. The market's expansion hinges on various factors, notably the escalating adoption of smart devices, continuous product releases by manufacturers, and a growing appetite for e-displays. Display driver ICs play a crucial role as integrated circuit chips that govern the switching and display techniques of LCD panels and AMOLED panels. These components are pivotal in ensuring optimal performance and functionality of display screens in modern electronic devices. The increasing demand for visually appealing and high-resolution displays, coupled with advancements in display technology, underscores the significance of DDICs in meeting consumer expectations and driving the market. Their ability to enhance display quality and efficiency remains a key driver in the competitive landscape of electronic device manufacturing.
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The market is a significant segment of the electronics industry, driven by the increasing demand for advanced electronic devices. DDICs are essential components in various electronic devices, including handheld devices like mobile phones and wearable devices, laptops, tablets, and consumer electronics such as televisions and personal computers. These circuits enable the display of digital data on electronic devices by interfacing between the application processor and the display. DDICs come in various types, including those for AMOLED, HDR, MicroLED displays, and Flat panel displays. The market for DDICs is propelled by the growing demand for high resolution images, energy efficient lighting, and advanced display technology in various applications. DDIC manufacturers face supply chain disruptions due to the increasing complexity of display technology and the integration of advanced capabilities such as HDR and OLED panels into electronic devices. The automotive sector is also a growing market for DDICs due to the increasing adoption of advanced display technology in vehicles. Overall, the DDIC market is expected to continue its growth trajectory, driven by the demand for energy-efficient, high-performance display solutions in various electronic devices.
One of the key factors driving the market 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 DDICs. 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, advancements in cellular technology, such as 4G, and other factors are expected to drive the global market during the forecast period.
A key factor shaping the market growth is the rising M&A activities. In order to dominate their presence in the market, several companies of DDICs 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 market during the forecast period.
The miniaturization of electronic devices is one of the key challenges hindering the market. 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, companies 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 DDIC systems. Hence, such factors are expected to hinder the global market during the forecast period
The market is experiencing significant growth and diversification, driven by advancements in display technologies and the increasing demand for high-resolution displays in various sectors. Key segments in this market include OLED displays, Flexible displays, and Automotive display systems, with a focus on delivering 4K and 8K televisions and UHD content.DDICs are essential components in smart devices such as smartphones, wearables, and AR/VR HMDs, enabling crisp and vibrant visuals. The market also caters to smart TVs, tablets, feature phones, and industrial displays, where Display Driver ICs play a crucial role in enhancing user experience. Leading players like LG Display are driving innovation in display driver technology, offering solutions for LTPS-LCD, TDDI, and COF-based display drivers. These technologies are vital for small devices like smartwatches, laptops, monitors, and TVs, ensuring seamless performance and visual clarity.
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 4.60 billion in 2018. 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 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 market 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 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 segment is expected to drive the growth of this segment which in turn will drive the global market during the forecast period.
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APAC is estimated to contribute 67% 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 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 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 market growth in the region during the forecast period.
The 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 Market Customer Landscape
companies 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 DDICs 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 DDIC 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 companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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Display Driver Integrated Circuits (DDICs) are essential components in the electronics industry, powering various display devices such as handheld devices, mobile phones, wearable devices, laptops, tablets, and digital data projectors. DDICs act as a bridge between the application processor and the display device, controlling the activation of pixels and managing the flow of analog voltage. In the consumer electronics sector, DDICs are widely used in LCD, LED, OLED, ePaper, and CRT displays for TVs, PCs, and monitors.
The market for DDICs is driven by the increasing demand for advanced display technologies in smartphones, touchscreen displays, and other consumer electronics. The market landscape depends on the System on Chip solutions, AR or VR market, Curved displays, Transparent displays, Common drivers, Retail sector, Integrated circuit capabilities, Liquid crystal display, Light emitting diode, Thin film transistor, Cathode ray tube, Vacuum fluorescent display, Healthcare, Banking, Transportation sectors, Manufacturing hubs, Media and entertainment, Virtual reality head mounted displays. DDIC manufacturers cater to various industries, including the automotive sector, where these chips are used in instrument clusters, GPS navigation, car entertainment displays, and IP cameras. The prices of DDICs are influenced by raw material costs, mining activities, and supply chain disruptions. The market for DDICs is diverse, with various display technologies such as AMOLED, HDR, and MicroLED displays gaining popularity. DDICs play a crucial role in enabling high-resolution, energy-efficient, and responsive displays, making them an essential component in the electronics industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.21% |
Market growth 2024-2028 |
USD 4.39 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.23 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 67% |
Key countries |
South Korea, US, China, Japan, and Taiwan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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. |
Market dynamics |
Parent market analysis, market report , Market forecasting, market forecast , market growth analysis , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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. |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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