USD 6.33 billion
Global Display Driver Market Size, Share, Growth Analysis, By Product Sub-SegmentsDisplay Driver IC, and Touch Display Driver Integration(Smartphone, Smartwatch), By Device(LCD, OLED), By Technology(Chip-on-glass, and Chip-on-film) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2153 |
Region:
Global |
Published Date: March, 2024
Pages:
186
|
Tables:
116 |
Figures:
115
Global Display Driver Market Insights
Global Display Driver Market size was valued at USD 6.33 billion in 2022 and is poised to grow from USD 6.6 billion in 2023 to USD 9.17 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).
The display driver market is expected to register a CAGR of 4.2% during the forecast period 2024-2031. Display drivers are basically semiconductor integrated circuits that provide interface functionality between a microprocessor, microcontroller, ASIC, or general-purpose peripheral interface. These are primarily used in peripheral display devices, such as smart watches, laptops, monitors, smartphones, tablets, TVs, and car shows. The increasing demand for features such as flexible OLED displays for mobile and tablet devices and the rapid adoption of smart wearable AR/VR devices are catching up with display manufacturers numbers have increased in Asia Pacific, and therefore driving the display driver globally.
Moreover, the demand for display driver integrated circuits (DDIC) is increasing due to the increasing use of LCD panels in many electronic devices. LCD screens are used in many devices such as TVs, laptops and smartphones. The widespread use of electronic large display drivers also influences the market as they are easy to use, inexpensive to manufacture, easy to read, and low power Rapid development of display driver market Being therefore, the increasing presence of the Display Driver is driving the expansion of the market.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
OLED
Growth Rate
4.2% CAGR
Global Display Driver Market ($ Bn)
Country Share for North America Region (%)
Global Display Driver Market By Technology (%)
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Global Display Driver Market Segmental Analysis
The global display driver market is segmented on the basis of product type, device, technology, package type, and region. The market is divided into two categories based on product type: display driver IC and touch display driver integration. The market is divided into seven categories based on the device: smartphone, smartwatch, tablet, wearable, TV, automotive display, and laptop. The market is divided into two categories based on technology: LCD, OLED, and others. The market is divided into two categories based on package type: chip-on-glass and chip-on-film. By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World.
Analysis by Package
The chip-on-film category is expected to grow at a CAGR of 7.16% during the forecast period as the base film helps the semiconductor chip of the COF package to be preferred due to its low, internal cost is lightweight, outstanding resolution and low power consumption, high It also observes CAGR.
In the COG, a circuit with driver-integrated circuit is placed directly on the glass substrate of the display. This integration reduces the need for additional packaging and connectors, resulting in a more compact and space-saving design. By eliminating the need for new raw materials, COG can help reduce production costs. This is especially important in mass production of exhibits.
Analysis by Technology
LCD has been the dominant display technology for many years, it is used in a wide range of devices including TVs, monitors and smartphones. The demand for LCDs has been high, helping the display driver market grow. The LCD segment continues to evolve with innovations such as IPS (In-Plane Switching) and TFT (Thin-Film Transistor). These innovations are driving demand for advanced display drivers capable of supporting higher resolution, refresh rates and color depth.
The OLED category is expected to grow rapidly at a 7.16% CAGR in the future as OLED displays are increasingly used in many devices, including computers, televisions, smart wearables, and smartphones, due to their high resolution, colorful and contradicts itself, and because of the nature of the display, which is also the most desirable OLED display driver.
Global Display Driver Market By Technology, 2023 (%)
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Global Display Driver Market Regional Insights
The display driver market in North America will be driven by the growing regional demand for smartphones, laptops and other electronic devices. In addition, as productivity increases, so the combination of these drivers also increases. North America typically has specific regulations governing business technology standards and requirements. Companies operating in these areas must comply with local regulations, which may affect the design and quality of performance-enhancing products for a particular market.
Asia-Pacific region in the display driver market is expected to grow at the fastest CAGR from 2024 to 2031 due to the increasing demand for wearable technologies, high resolution 3D graphics, media advertising and digital signage for consumer electronics. Moreover, China had the largest market share in the and display driver market, and display driver market is the fastest growing market in Asia-Pacific. Asia-Pacific, especially countries such as China and Taiwan, is becoming a hub for electronics manufacturing. Many high-efficiency manufacturers have manufacturing facilities in this area, which benefit from lower production costs and proximity to other key suppliers. Asia-Pacific is witnessing rapid urbanization, increasing disposable incomes and widespread adoption of smartphones and other electronic devices. This creates a huge market for display drivers, as these devices demand efficient technology.
Global Display Driver Market By Region, 2024-2031
- Largest
- Fastest
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Global Display Driver Market Dynamics
Drivers
Increase in Demand for OLED Displays
- The display driver market is expected to grow rapidly, which ultimately increases the demand for high-performance display driver ICs and then pushes the market towards higher growth Smart devices such as smartphones, wearables (smartwatches and AR/VR HMD), smart TVs, OLEDs and flexible displays are leading the way in the display industry. South Korea produces more than 95% of all OLED display panels, with the majority of OLED-based display driver demand coming from South Korea's Samsung and LG Display mainly invested in OLED technology and their production development is likely to dominate South Korea's OLED displays, in terms of size.
Growing Demand for Better Graphics and Graphics in Electronic Devices
- The ever-increasing demand for better graphics and graphics in electronic devices is also driving the need for display drivers that can provide high quality graphics and images. This is one of the main drivers for the global display driver market. The continuous advancement in display driver technology that enables display drivers to perform better and deliver better graphics and images is another major factor driving the global display driver market.
Restraints
Rapidly Evolving Technologies
- The market for display drivers is constantly evolving with the introduction of new technologies and standards on a regular basis. This makes it difficult for companies to stay alert of the latest developments and ensure that their business drivers are aligned with the latest technologies
Complex Supply Chain
- A highly complex supply chain in which raw materials and components are sourced from multiple countries. This makes it difficult to manage the supply chain and ensures that there are no breakdowns or delays in production.
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Global Display Driver Market Competitive Landscape
The competitive environment of the Global Display Driver Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global market competitive landscape provides detailed information from competitors. Detailed information includes company overview, company financials, earnings, market potential, investment in research and development, new market strategy, global presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority.
Top Player’s Company Profiles
- Sony Corporation
- Lenovo Group Limited
- Panasonic Corporation
- LG Electronics Inc.Haier Group Corporation
- Hisense Group
- Nvidia Corporation
- Advanced Micro Devices
- Samsung Electronics Co. Ltd.
- Sharp Corporation
- Koninklijke Philips N.V.
- MediaTek Inc.
- AsusTek Computer Inc.
- Acer Inc.TCL Electronics
- Microchip Technology Inc.
- Rohm Semiconductor
- Novatek Microelectronics Corp.
- Vizio Inc.
- Synaptics Incorporated
- Himax Technologies Inc.
- Fitipower Integrated Technology Inc.
- Raydium Semiconductor Corporation
- Silicon Works Co. Ltd.
- FocalTech Systems Co. Ltd.
- Magnachip
- SINOWEALTH Electronic Ltd.
- Solomon Systech (International) Limited
- UltraChip Inc.
- Sitronix Technology Corporation
- Sony Corporation
- Lenovo Group Limited
- Panasonic Corporation
- LG Electronics Inc.
- Haier Group Corporation
- Hisense Group
- Nvidia Corporation
- Advanced Micro Devices
- Samsung Electronics Co. Ltd.
- Sharp Corporation
- Koninklijke Philips N.V.
- MediaTek Inc.
- AsusTek Computer Inc.
- Acer Inc.
- TCL Electronics
- Microchip Technology Inc.
- Rohm Semiconductor
- Novatek Microelectronics Corp.
- Vizio Inc.
- Synaptics Incorporated
- Himax Technologies Inc.
- Fitipower Integrated Technology Inc.
- Raydium Semiconductor Corporation
- Silicon Works Co. Ltd.
- FocalTech Systems Co. Ltd.
- Magnachip
- SINOWEALTH Electronic Ltd.
- Solomon Systech (International) Limited
- UltraChip Inc.
- Sitronix Technology Corporation
Recent Developments
- August 2022 - LX Semicon of South Korean Chip Fables forms a research group dedicated to developing automotive performance driver ICs. The group will develop display driver ICs in vehicles for central information displays, clusters, head-up displays, and other displays.
- May 2022 - Tesla improves the Model S and Model X with a new motorized coil function on the center screen. This feature makes it easy to watch good scenes with plenty of entertainment in a car. The company’s two flagships got a new larger center display which is ideal for video viewing, and a rear seat display driven by a gaming computer.
- In February 2023, Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, released the ISOCELL HP2, a 200-megapixel (MP) image sensor, featuring optimal pixel technology and complete wells power available, which will be used in the high-field -finished smartphones of tomorrow to take beautiful pictures.
Global Display Driver Key Market Trends
Increasing Demand for LCD Panels
- The global display driver market is expected to grow at a rapid pace during the forecast period owing to increasing demand for LCD panels in smartphones, televisions and other electronic devices. Important growth drivers are increasing demand for higher quality, integrated functions and higher selling prices. Adoption of high-value and advanced displays due to increased demand for OLED and flexible displays and growth in automotive display industry drives market growth Increase in 4K and the use of 8K televisions and the availability of UHD products, as well as the emerging role of DDICs in individual components and singular integration chips.
Global Display Driver Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The display driver market is accelerating due to the growing number of smartphones across the globe. Smartphones provide high quality and functionality and function like computers in terms of providing real-time feedback, thus becoming an integral part of people’s lives. Due to technological advances, important players who are not transient are increasingly forced to invest in research to develop and differentiate their offerings with enhanced functionality.
Additionally, the 5G network will enable high-speed downloads of full-length movies in seconds and increase the demand for 5 G-enabled smartphones. So, companies are investing in and designing phones with higher resolutions and increased memory capacity so that people can download or play video games on full-size consoles.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.33 billion |
| Market size value in 2031 | USD 9.17 billion |
| Growth Rate | 4.2% |
| 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 Global Display Driver 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 Global Display Driver 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 Global Display Driver 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 Global Display Driver 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 Global Display Driver Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Display Driver 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.
Global Display Driver Market Report Snapshots
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