Market Overview
The Global Display Driver Integrated Circuit Market is expected to reach a value of
USD 8.4 Billion in 2023, and it is further anticipated to reach a market value of
USD 16.5 billion by 2032 at a
CAGR of 7.8% from 2023 to 2032. Display Driver Integrated Circuit is used to control the display of pixels on various types of screens, such as LCDs, LEDs & OLEDs.
The Display Driver Integrated Circuit translates the digital signal from the service into an analogue signal that shows the individual pixels on the display. Display Driver Integrated Circuits are used in a variety of devices ranging from smartphones to smart wearables,
digital signage & automotive displays. In other words, the Global Display Driver Integrated Circuit Market is an essential technology component in the display industry that addresses the demand for high-quality display screens of different sizes across the world.
Market Dynamic
As new technological advances are being achieved in the display industry the screens have become thinner & energy efficient. That’s why Display Driver Integrated Circuit must keep pace with the recent upgrades to keep up with the new market trends. The market is shifting rapidly based on the service and its prime example is the television market where the customers shifted from LCD TVs to OLED because it offers thinner screens and vibrant color palettes.
Additionally, the growing market of smart devices like phones, watches and tablets have boosted the demand for display driver integrated circuit for small & medium-sized screens. As the market of smart devices will be on growth the demand for display driver integrated circuits will also be on the rise. Understanding the market's demand and restraints is important for the manufacturers and industries involved in the production and distribution of display driver integrated circuits. It helps them understand & adapt to the changing market trends and demands.
Research Scope and Analysis
By Technology
The Global Display Driver Integrated Circuit Market is segmented into LED, LCD & OLED based on technology. In this segment, the Light-emitting Diode (LED) segment holds the highest market share of 38.1% in 2023 and is anticipated to show significant growth in the forthcoming years. The reason behind the dominance of LED is that they are energy efficient, have vibrant colour schemes, and durability and have a longer life because of low maintenance & replacement costs. LEDs are considered environmentally friendly as they are manufactured by using sustainable materials that decrease the energy consumption rate and greenhouse emissions. LEDs are profoundly used in Televisions, Electronic displays & digital signage. As the demand for LED will increase owing to it the demand for Display Driver Integrated Circuit will also increase and boost the market growth extensively.
By Type
On the basis of type, the Global Display Driver Integrated Circuit Market is segmented into gate driver & source driver. In, 2023 the gate driver led the market by bringing the highest revenue in the overall global market. The gate drivers are mainly responsible for the control of individual pixels in a display screen. These pixels are typically used in the LCD &
OLED display. The gate driver integrated circuits operate & oversee the voltage required for the pixel to be on and off, allowing precise and synchronized display refresh. This precision and accurate display quality, vibrant colours & clarity act as the driving force behind the popularity of this segment.
By Size
Based on size the Global Display Driver Integrated Circuit Market can be segmented into small, medium & large. By size, they mean the measurements of the Display Driver Integrated Circuit that will be built per the product it will be used on. So, the size and requirement of the Display Driver Integrated Circuit is to match with the display it will control. In this segment, the small-size Display Driver Integrated Circuit is holding the highest market share in 2023 and is anticipated to witness growth for the forecasted period. The reason behind this segment's growth is that it is used in the manufacturing process of digital cameras, smart wearables, smartphones, MP3 players, gaming devices, smart televisions & laptops. As the demand for smartphones & smart devices increases the market will keep on growing further.
The second largest market share based on screen size is held but the large-sized display screens, as they are used in theaters, advertising and billboards.
By End User
In the global display driver integrated circle market, the consumer electronics segment emerges as the dominant end-user segment, accounting for the largest portion of revenue in 2023 and is also anticipated to show significant growth in the forthcoming period of 2023-2032. Consumer electronics hold a major role in the market, providing stunning visual experiences and interactive displays. The display driver integrated circle provides vivid, vibrant & colourful screens that overall increase the user experience. Whether it’s a smartphone, tablet & smartwatch the Display Driver Integrated Circuits are used in the majority of devices so as the market of the consumer will grow the market of Global Display Driver Integrated Circuits will also grow.
The Global Display Driver Integrated Circuit Market Report is segmented on the basis of the following:
By Technology
By Type
- Gate Driver
- Source Driver
By Size
By End User
- Consumer Electronics
- Automotive
- Healthcare
- Others
Regional Analysis
The North American region has a significant market share in the Global Display Driver Integrated Circuit Market, accounting for about 33.1% of the total revenue in 2023. This region also has a growing automotive industry which creates opportunities for the global display driver integrated circuit manufacturers to supply the drive integrated circuits for GPS & navigation systems and other features. Even after its popularity in the automotive and consumer electronic sectors, these integrated circuits are also used in the healthcare & medical sectors as the instruments used in this sector need to be highly precise and reliable. Moreover, based on recent trends this region is focusing on energy-efficient displays, precise touch & gesture control displays and advanced monitors for gaming enthusiasts.
Additionally, Asia-Pacific is emerging as another major hub for the Global Display Driver Integrated Circuit Market. As the increasing urbanization in this region continues, it is resulting in a growing demand for advanced display technologies which directly positively influence the global display driver integrated circuit market.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The Global Display Driver Integrated Circuit Market is experiencing consolidation, with a few key players shaping the industry landscape. The Global Display Driver Integrated Circuit Market has many key players who hold a significant portion of the market. These companies utilize inorganic & organic strategies for their market expansion. The inorganic strategies include research and development of new products and innovation while the organic strategies deal with partnerships, mergers & acquisitions. Furthermore, these mergers & partnerships further boost their market position and pave the way for the expansion of the market conditions.
Some of the key players of the Global Display Driver Integrated Circuit Market are MediaTek, Fitipower Integrated Technology Inc, ROHM Semiconductor, Novatek Microelectronics, Synaptics Incorporated, Samsung Electronics, Raydium Semiconductor, Sitronix Technology, Silicon Works, Magnachip Semiconductor, Focaltech, Himax Technologies, LX Semicon and others.
Some of the prominent players in the Global Display Driver Integrated Circuit Market are:
- MediaTek
- Fitipower Integrated Technology Inc
- ROHM Semiconductor
- Novatek Microelectronics
- Synaptics Incorporated
- Samsung Electronics
- Raydium Semiconductor
- Sitronix Technology
- Silicon Works
- Magnachip Semiconductor
- Focaltech
- Himax Technologies
- LX Semicon
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Display Driver Integrated Circuit Market:
The COVID-19 pandemic and economic recession had a notable impact on the Global Display Driver Integrated Circuit Market. During COVID-19 lockdowns, factory closures, travel restrictions and unavailability of raw materials in various regions around the world affected the production of Display Driver Integrated Circuit. Many major industries faced problems in procuring essential components and parts to keep production going.
With the disruption in the supply chain, many companies delayed the product launch of their new products such as smartphones, wearables and tablets. This decision had a direct impact on the Global Display Driver Integrated Circuit Market, as they are an essential component of the device. The pandemic also saw a shift in consumer demand, as the work-from-home culture became popular during lockdown. The demand for consumer electronics like laptops, personal computers & tablets increased. This shift influenced the type & specifications of Display Driver Integrated Circuits required for production.
Even if the Global Display Driver Integrated Circuit Market faced many challenges during COVID-19, it also highlighted the importance of advanced display technologies in healthcare, communication, & entertainment.
Report Details
| Report Characteristics |
| Market Size (2023) |
USD 8.4 Bn |
| Forecast Value (2032) |
USD 16.5 Bn |
| CAGR (2023-2032) |
7.8% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Technology (LCD, LED, OLED and Others),
By Type (Gate Driver and Source Driver), By Size
(Small, Medium and Large), By End User (Consumer
Electronics, Automotive, Healthcare and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
MediaTek, Fitipower Integrated Technology Inc,
ROHM Semiconductor, Novatek Microelectronics,
Synaptics Incorporated, Samsung Electronics,
Raydium Semiconductor, Sitronix Technology, Silicon
Works, Magnachip Semiconductor, Focaltech, Himax
Technologies, LX Semicon and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
Display Driver Integrated Circuit is used to control the display of pixels on various types of screens, such
as LCDs, LEDs & OLEDs. The Display Driver Integrated Circuit translates the digital signal from the service
into an analogue signal that shows the individual pixels on the display.
The Global Display Driver Integrated Circuit Market is expected to reach a value of USD 8.4 Billion in
2023, and it is further anticipated to reach a market value of USD 16.5 billion by 2032 at a CAGR of 7.8%
from 2023 to 2032.
Some of the key players of the Global Display Driver Integrated Circuit Market are MediaTek, Fitipower
Integrated Technology Inc, ROHM Semiconductor, Novatek Microelectronics, Synaptics Incorporated,
Samsung Electronics, Raydium Semiconductor, Sitronix Technology, Silicon Works, Magnachip
Semiconductor, Focaltech, Himax Technologies, LX Semicon and others.
The Asia-Pacific region is showing significant growth in the Global Display Driver Integrated Circuit
Market because it is a hub of many major manufacturers like Samsung and many others.