Display Driver IC Market Size by Type, Applications, Size and Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
Display Driver IC Market is expected to grow at a CAGR of 8.12% during the forecast period. Global Display Driver IC Market is expected to reach US$ 8.64 Bn. by 2030.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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A display driver IC is a semiconductor integrated circuit in electronic hardware system. Which provides an interface function between a microprocessor, application-specific integrated circuit (ASIC) and particular type of display device e.g. LCD, LED, OLED, ePaper, Nixie and CRT. A display driver ICs are used to control display panels of hand-held devices such as wearable devices, laptops, mobile phones, and tablets. It receives digital data signal at a high speed ranging (500 Mbps to 1 Gbps) from the application processor and then converts it into analog voltage for operating display panel.
Display Driver IC Market Dynamics
Increasing sales of electronic devices, such as TVs, Computers, and mobile phones are expected to significantly drive the global display driver IC market during forecast period. Moreover, touchscreen displays are capable in terms of time required to process an order and other on-demand functions, because of automation in electronic. Additionally, touchscreen displays are efficient in terms of time required to process an order and other on-demand functions, owing to automation. Application of LCD and LED-based display driver products is probable to be further extended to a wide range of automotive applications such as instrument cluster, GPS navigation, and car entertainment displays in the near future.
Raw materials required for the production of display drivers, such as doped indium tin oxide (ITO) are insufficiently available, because of their low occurrence in the Earth’s crust itself. Additionally, owing to increasing mining activities, further decreasing in availability of ITO, while its prices are increasing. Because of low availability of raw materials, prices of the display driver technology are currently high.
Manufacturers in the Display Driver IC Identification are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.
Segment Analysis
The global Display Driver IC Market is segmented on the basis of display size type and application. On the basis of display type, the market can be classified into Liquid Crystal Diode (LCD), Light Emitting Diode (LED), Thin Film Transistor (TFT) and Organic Light Emitting Diode (OLED). On the basis of application, the market can be sub divided into small, medium and large size, mobile handsets and consumer electronic applications.
Because of smart phones, smart TVs, and other electronic equipment growing demand for LCD panels, display driver IC (DDIC) markets are expected to grow around the world to achieve rapid growth during the forecast period. Additionally, OLED display are also adopted for use in automotive application during forecast period because increasing prominence of Touch and Display Driver Integration (TDDI) chips.
Regional Insights
The Display Driver IC market is expected to witness growth during the forecast period in Asia-Pacific leading the market owning to the presence of large numbers of manufacturing plants in countries such as Korea, China, Taiwan and others. market in Asia-Pacific is estimated to grow during forecasted period owning to decrease in costs and increase in consumption of LEDs for several applications in the region. The use of portable devices is growing such as Smartphone and tablets in Asia-Pacific would similarly contribute to expected growth.
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| Display Driver IC Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 5.00 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 8.12% | Market Size in 2030: | US $ 8.64 Bn. |
| Segments Covered: | by Type | LCD LED OLED TFT |
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| by Applications | Entertainment Infotainment Retail Education Banking Medical and industrial |
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| by Size | Small Medium Large |
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Display Driver IC Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Display Driver IC Market, Key Players are:
1. Texas Instruments
2. National Semiconductor
3. ON Semiconductor
4. NXP
5. Linear Technology
6. Maxim IC
7. Power Integrators
8. iWatt
9. Macroblock
10. Fairchild
11. Semtech
12. Silicon Tech Technology
13. Supertex
14. Austria Microsystems
15. Infineon Technologies
16. Intersil Corporation
17. Rohbn
Frequently Asked Questions:
1. Which region has the largest share in Display Driver IC Market?
Ans: Asia Pacific region holds the highest share in 2023.
2. What is the growth rate of Display Driver IC Market?
Ans: The Display Driver IC Market is growing at a CAGR of 8.12% during forecasting period 2024-2030
3. What is scope of the Display Driver IC market report?
Ans: Display Driver IC Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Display Driver IC market?
Ans: The important key players in the Display Driver IC Market are – Texas Instruments, National Semiconductor, ON Semiconductor, NXP, Linear Technology, Maxim IC, Power Integrators, iWatt, Macroblock, Fairchild, Semtech, Silicon Tech Technology, Supertex, Austria Microsystems, Infineon Technologies, Intersil Corporation, and Rohbn.
5. What is the study period of this market?
Ans: The Display Driver IC Market is studied from 2023 to 2030