Display Driver Integrated Circuit 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.
A Display Driver Integrated Circuit (DDIC) is a critical component in various electronic devices, including smartphones, televisions, and digital displays. It functions as the intermediary between the microprocessor and the display, translating digital signals into analog signals that control the display’s color, brightness, and pixel rendering. The DDIC market, therefore, encompasses the production and distribution of these essential components across multiple industries, notably in consumer electronics and automotive displays.
The DDIC market is poised for substantial growth in 2024, buoyed by technological advancements and increasing demand for high-quality displays. Key players and established manufacturers in the industry are well-positioned to leverage their advanced production capabilities and robust supply chains to meet the expanding market requirements. However, the landscape also presents significant opportunities for new entrants and smaller players.
Innovations in technology, such as the development of micro LED displays, which are forecasted to surge to 34.6 million units by 2031 according to insights from Omdia, indicate a dynamic evolution in consumer preferences that new companies can capitalize on. By focusing on niche markets or developing specialized products that cater to the unique needs of a diverse client base, these businesses can carve out substantial market share.
Additionally, integrating digital signage solutions, which have been shown to increase profits by 124% and boost sales by approximately 7%, can serve as a strategic entry point for these companies to differentiate themselves and establish a foothold in the competitive landscape.
Several key trends are currently shaping the DDIC market. Firstly, the shift towards higher resolution and more energy-efficient displays is driving innovation in DDIC technologies. Companies are increasingly investing in research and development to produce smaller, more powerful, and energy-efficient driver circuits.
Secondly, the integration of touch and display functionalities into a single chip is becoming more common, which simplifies the manufacturing process and reduces costs, while enhancing the performance of electronic devices.
Another significant trend is the adoption of OLED and flexible displays, which require specialized DDICs due to their unique lighting properties and the need for precise control. These trends not only reflect the technological advancements within the industry but also align with consumer demands for sleeker, more versatile, and high-performing devices.
Key Takeaways
- The Global Display Driver Integrated Circuit Market is projected to double from USD 8.4 billion in 2023 to USD 16.5 billion by 2032, growing at a CAGR of 7.8%.
- LED technology leads the market with a 38.1% share in 2023, expected to show significant growth through 2032.
- The gate driver type dominates the market in terms of revenue in 2023.
- The small-size Display Driver Integrated Circuit segment leads the market in 2023
- Consumer electronics is the top revenue-generating end-user segment in 2023, with expected growth over the next decade.
- North America holds a major market share of 33.1% in 2023, driven by demands in the automotive industry for applications like GPS and navigation systems.
Display Driver Integrated Circuit 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. 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
Display Driver Integrated Circuit Market 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.