USD 3.2 billion
Automotive LCD Drivers Market Size, Share, Growth Analysis, By Type(Conventional LCD Drivers and Advanced LCD Drivers), By End-User(Passenger Cars and Commercial Vehicles) - Industry Forecast 2024-2031
Report ID:
SQMIG45N2041 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
59 |
Figures:
75
Automotive LCD Drivers Market Insights
Global Automotive LCD Drivers Market size was valued at USD 3.2 billion in 2022 and is poised to grow from USD 3.44 billion in 2023 to USD 6.14 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
Global automotive LCD drivers market is driven by the growing demand for advanced display technologies in modern vehicles, such as digital instrument clusters, infotainment systems, and head-up displays. Automotive LCD drivers are specifically designed to withstand the harsh operating conditions of automotive environments, including temperature extremes, vibrations, and electromagnetic interference. The market is also influenced by the increasing adoption of electric vehicles and the trend toward autonomous driving, which require advanced displays for driver information and control. The market is expected to continue growing in the coming years, driven by the increasing demand for advanced automotive displays and the ongoing development of new technologies. According to our analysis report, the North America is one of the significant regions in the global market due to the presence of major automotive manufacturers and the growing demand for advanced automotive technologies in the region. The increasing demand for advanced automotive displays in emerging economies such as China and India is expected to drive the growth of the market in Asia Pacific.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Conventional LCD Drivers
Fastest Growth
Advanced LCD Drivers
Growth Rate
7.5% CAGR
Global Automotive LCD Drivers Market ($ Bn)
Country Share for North America Region (%)
Global Automotive LCD Drivers Market By Type ($ Bn)
Global Automotive LCD Drivers Market By Type (%)
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Automotive LCD Drivers Market Segmental Analysis
Global Automotive LCD Drivers market is segmented by type, end-user, and region. Based on type, the market can be segmented into conventional LCD drivers and advanced LCD drivers. Based on end-user, the market is segmented into passenger cars and commercial vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Automotive LCD Drivers Market Analysis by Type
By type, the market can be segmented into conventional LCD drivers and advanced LCD drivers. Conventional LCD Drivers dominated the Automotive LCD Drivers Market as they have been in use for a longer time and are widely used in various applications such as dashboard displays, rear-seat displays, and infotainment systems. They are also less expensive compared to advanced LCD drivers, making them more accessible to small and medium-sized automotive manufacturers.
The Advanced LCD Drivers segment is expected to witness fastest growth in the coming years due to increasing demand for more sophisticated and advanced displays in modern vehicles. Advanced LCD Drivers are capable of supporting high-resolution displays, touchscreen interfaces, and advanced features such as augmented reality, 3D visualization, and multi-display systems. The increasing adoption of electric and autonomous vehicles is expected to drive the demand for advanced LCD drivers, which can support advanced driver assistance systems (ADAS) and other safety features.
Global Automotive LCD Drivers Market Analysis by End-User
By end-user, the market can be segmented into passenger cars and commercial vehicles. Passenger cars dominated the Automotive LCD Drivers Market due to the higher volume of production and sales of passenger cars compared to commercial vehicles. Passenger cars are equipped with various LCD displays such as dashboard displays, center stack displays, and rear seat displays, which utilize LCD drivers. Furthermore, increasing demand for safety and comfort features in passenger cars, coupled with advancements in LCD technology, is driving the growth of the segment.
The commercial vehicle segment is expected to witness fastest growth in the coming years. Commercial vehicles like trucks and buses are increasingly equipped with LCD displays for navigation, entertainment, and safety applications. Additionally, the increasing demand for electric and autonomous commercial vehicles is expected to drive the demand for advanced LCD drivers, which can support advanced driver assistance systems (ADAS) and other safety features.
Global Automotive LCD Drivers Market By Type , 2023 (%)
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Automotive LCD Drivers Market Regional Insights
North America dominated the global market due to the presence of major automotive manufacturers and the growing demand for advanced automotive technologies in the region. The United States is expected to be the largest market for Automotive LCD Drivers in North America, driven by the increasing adoption of electric vehicles, the trend towards autonomous driving, and the demand for advanced automotive displays.
Asia Pacific is expected to fastest-growing region, driven by the growing demand for electric vehicles, increasing disposable incomes, and the development of advanced automotive technologies.
Global Automotive LCD Drivers Market By Region, 2024-2031
- Largest
- Fastest
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Automotive LCD Drivers Market Dynamics
Global Automotive LCD Drivers Market Drivers
Increasing demand for advanced automotive displays
- One of the key drivers of the Automotive LCD Drivers market is the increasing demand for advanced automotive displays and the trend towards digitalization of vehicles. As consumers demand more advanced features in their cars, such as infotainment systems and advanced driver assistance systems (ADAS), the need for high-quality displays and sophisticated LCD drivers is growing. Additionally, the increasing adoption of electric vehicles and the trend towards autonomous driving is expected to drive the growth of the Automotive LCD Drivers market, as advanced displays are critical for these applications.
Global Automotive LCD Drivers Market Restraints
High cost of advanced display technologies and the related electronic components
- One of the major restraints of the global Automotive LCD Drivers market is the high cost of advanced display technologies and the related electronic components. This can limit their adoption, especially in price-sensitive markets. Additionally, the complexity of automotive displays and the associated LCD drivers can lead to longer development cycles, which can delay the introduction of new products to the market. The market is also susceptible to fluctuations in demand, as it is closely tied to the automotive industry's performance, which can be affected by factors such as economic downturns, supply chain disruptions, and regulatory changes.
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Automotive LCD Drivers Market Competitive Landscape
The global Automotive LCD Drivers market is highly competitive, with many established players competing to offer high-quality and cost-effective solutions. The market is characterized by the presence of several global and regional players, who are investing in R&D activities to develop innovative products and technologies. Additionally, collaborations, partnerships, and acquisitions are common strategies adopted by players to expand their market presence and customer base. In this competitive landscape, companies focus on differentiating their products based on performance, features, quality, and pricing to gain a competitive edge.
Top Player’s Company Profiles in Global Automotive LCD Drivers Market
- Texas Instruments Inc. (US)
- Analog Devices, Inc. (US)
- NXP Semiconductors N.V. (Netherlands)
- STMicroelectronics (Switzerland)
- ROHM Semiconductor (Japan)
- ON Semiconductor (US)
- Microchip Technology Inc. (US)
- Maxim Integrated Products, Inc. (US)
- Infineon Technologies AG (Germany)
- Semtech Corporation (US)
- Renesas Electronics Corporation (Japan)
- Mitsubishi Electric Corporation (Japan)
- Toshiba Electronic Devices & Storage Corporation (Japan)
- Novatek Microelectronics Corp. (Taiwan)
- Himax Technologies, Inc. (Taiwan)
- Synaptics Incorporated (US)
- Intersil Corporation (US)
- Integrated Silicon Solution, Inc. (US)
- Sitronix Technology Corp. (Taiwan)
- Parade Technologies, Ltd. (Taiwan)
Global Automotive LCD Drivers Market Recent Developments
- In March 2024, Honda and Nissan revealed their plans to potentially collaborate through a memorandum of understanding. This agreement initiates a feasibility study aimed at establishing a strategic partnership centered around "vehicle electrification and intelligence," encompassing automotive software platforms.
- In January 2024, at the 2024 international Consumer Electronics Show (CES) in Las Vegas, U.S., Lenovo unveiled numerous new products and solutions. Many of these innovations were developed or supported by Lenovo Research, a crucial technology provider for Lenovo. These include advancements like AI PC technology, glasses-free 3D display engines, vehicle computing solutions, high-gloss stainless magnesium materials, multi-mode and dual-system hybrid solutions for laptops, and intelligent PC top cover colors.
- In September 2023, Samsung Electronics, Samsung Display, and Samsung SDI announced their joint participation in the IAA MOBILITY 2023 event in Munich, Germany. Together, these Samsung affiliates will present a comprehensive array of automotive solutions aimed at reshaping the connected mobility landscape and engaging consumers and enterprises worldwide.
Automotive LCD Drivers Key Market Trends
- One prominent trend in the Automotive LCD Drivers market is the growing demand for larger and more sophisticated display systems in vehicles. As automotive infotainment systems become increasingly integrated and feature-rich, there's a rising need for high-resolution and expansive LCD screens. These displays are used for navigation, entertainment, driver-assistance systems, and more. As a result, automotive LCD driver ICs are evolving to support higher resolutions, faster refresh rates, and improved color accuracy. This trend reflects the broader consumer expectation for a seamless and interactive in-car experience, with LCD drivers playing a crucial role in enhancing the visual quality and functionality of automotive display systems.
Automotive LCD Drivers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Automotive LCD Drivers market analysis, the market is driven by factors such as the increasing demand for advanced automotive displays, the trend towards digitalization of vehicles, and the adoption of advanced driver assistance systems (ADAS) and infotainment systems in vehicles. However, the high cost of advanced display technologies and the related electronic components and the complexity of automotive displays are some of the major restraints of the market. North America dominated the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.2 billion |
| Market size value in 2031 | USD 6.14 billion |
| Growth Rate | 7.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive LCD Drivers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive LCD Drivers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive LCD Drivers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive LCD Drivers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive LCD Drivers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive LCD Drivers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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