LCD Driver Market– Global Industry Analysis and Forecast (2023-2029)

LCD Driver Market is expected to grow at a CAGR of 5.1% during the forecast period and it is expected to reach US$ 13.42 Bn. by 2029.

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
LCD Driver Market Definition
LCD driver stands for liquid crystal display driver. It is a semiconductor integrated circuit device that is basically used to control and power LCDs. It allows an interface between various types of LCD components such as microcontrollers and microprocessors. It is also known as LCD controllers and LCD display driver.To know about the Research Methodology :- Request Free Sample Report
LCD Driver Market Dynamics
A growing adoption of LCD drivers for applications such as industrial, automotive, white goods, digital signage and medical displays is the major driving factor behind the growth of the market. Growing market for consumer electronics and semiconductor chip manufacturing industry, increasing demand of active matrix LCD (AMLCD), rising adoption of LCD drivers in Smartcards and growing advancements in LCD technology to use in automotive vehicle headlamp applications are expected to improve the growth of the market during the forecast period. In addition, rapid developments in the LCD technology-based television has lead to the increased demand for high colour depth and high resolution LCD drivers, which is ultimately propelling the growth of the market.
However, growing adoption of LED display drivers and high-power consumption are the major restraining factors that could hamper the growth of the market.
LCD Driver Market Segmentation Analysis
By product type, LCD graphic driver segment dominated the market in 2022 and is expected to maintain its dominance at a CAGR of xx% during the forecast period. A growing adoption of LCD display drivers in LCD graphic displays to use in various consumer applications such as in mobile phones, video games, display units, in elevators and many other electronics applications is attributed to the growth of the market. Moreover, increasing demand for LCD graphic display drivers in medical devices, industry machinery equipments, home automation devices and in audio and video display systems are further propelling the growth of the market.

By application, consumer product displays and automotive dashboard display segments dominated the market in 2022 and are projected to witness fast growth at a CAGR of xx% during the forecast period. An increasing adoption of LCD screens on automotive vehicle dashboards owing to its low cost and high-resolution benefits is driving the growth of the market. Also, increasing applications of LCD drivers in automotive applications such as in tachographs, car radios, instrument clusters, and climate control units is making more demand of LCD drivers in the global automotive market. However, surge in the adoption of LCD drivers in gas meters, water meters, and electricity meters is expected to improve the growth of industrial display segment at a CAGR of xx% during the forecast period.
LCD Driver Market Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2022 and is expected to maintain its dominance at a CAGR of xx% during the forecast period. The developing economies such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the increasing demand for LCD display drivers in various consumer electronics products.

Growing adoption of consumer electronics products such as Smartphones, TVs, digital cameras and others, rising government’s investments, the massive presence of LCD driver manufacturers, representatives, distributors, and suppliers and initiatives to boost semiconductor industry, growing adoption of LCD drivers in white goods such as microwave ovens, dryers, and washing machines is driving the growth of the market in the APAC region.

The objective of the report is to present a comprehensive analysis of the Global LCD Driver Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global LCD Driver Market dynamics, structure by analyzing the market segments and projects the Global LCD Driver Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global LCD Driver Market make the report investor’s guide.
LCD Driver Market Scope: Inquire before buying



LCD Driver Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 9.47 Bn.


Forecast Period 2023 to 2029 CAGR:
5.1%
Market Size in 2029:
US $ 13.42 Bn.


 Segments Covered:
by Product Type
• LCD Character Driver
• LCD Graphic Driver
• LCD Segment Driver


by Application
• Industrial Displays
• Telecom Product Displays
• Consumer Product Displays
• Automotive Dashboard Displays
• Panel Meters
• Portable System Displays
• Optical Displays
• Others


by Display Technology
• LCD
• OLED
• Others



LCD Driver 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)
LCD Driver Market, Key Players are:
• Samsung Electronics Co., Ltd
• LG Display Co., Ltd
• Cyviz As
• Raio Technology Inc
• ON Semiconductor
• Toshiba Corporation
• Texas Instruments, Inc
• Novatek Microelectronics Corporation
• Seiko Epson Corporation
• Fujitsu Limited
• Digital View Inc
• Solomon Systech Limited
• SEOUL Semiconductors
• Renesas electronic corporation
• Western digital
• Mitsubishi Electric Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global LCD Driver Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global LCD Driver Market?
Ans: The Global LCD Driver Market is growing at a CAGR of 5.1% during forecasting period 2023-2029.

3. What is scope of the Global LCD Driver Market report?
Ans: Global LCD Driver 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 Global LCD Driver Market?
Ans: The important key players in the Global LCD Driver Market are – Samsung Electronics Co., Ltd, LG Display Co., Ltd, Cyviz As, Raio Technology Inc, ON Semiconductor, Toshiba Corporation, Texas Instruments, Inc, Novatek Microelectronics Corporation, Seiko Epson Corporation, Fujitsu Limited, Digital View Inc, Solomon Systech Limited, SEOUL Semiconductors, Renesas electronic corporation, Western digital, Mitsubishi Electric Corporation

5. What is the study period of this Market?
Ans: The Global LCD Driver Market is studied from 2022 to 2029.