Display Driver Market Trends, Forecasts, Key Company Profiles and Market Size and Growth Analysis

 Display Driver Market Trends, Forecasts, Key Company Profiles and Market Size and Growth Analysis

 

Display Driver Market Synopsis

Display Driver Market Size was valued at USD 7.5 Billion in 2022. The Display Driver market industry is projected to grow from USD 8.04 Billion in 2023 to USD 13.97 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.16% during the forecast period (2023 - 2032). The rise in demand for display driver integrated circuits and an increasing number of device makers are the key market driver enhancing market growth.

With the higher demand for LCD panels for mobile devices, PC monitors, TVs and an increasing number of display manufacturers are some of the major factors driving the display market 2020. The adoption of AR/VR, wearables are being done at a faster pace which results in the rising demand for OLED, flexible drivers that affect the market of display drivers as well.

Smart displays play an important role in automotive applications. Increasing demand for better safety and luxury in automobiles has resulted in the development of applications such as telematics, infotainment systems, and heads-up displays. Additionally, governments from various countries are implementing vehicle regulations for security and safety.

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Display Driver Market Key Players

The eminent key players in the display driver market are acknowledged across all the prominent regions based on their industry expertise, regions, recent key developments, product diversification, origin, presence across different regions. Some of those eminent organizations are ROHM Semiconductor (Japan), Samsung Electronics Co., Ltd. (South Korea), Fitipower Integrated Technology Inc. (Taiwan), Synaptics Inc. (US), MediaTek Inc. (Taiwan), Silicon Works Co., Ltd. (South Korea), Novatek Microelectronics Corporation (Taiwan), FocalTech Systems Co., Ltd. (Taiwan), MediaTek Inc. (Taiwan), Himax Technologies, Inc. (Taiwan), Raydium Semiconductor Corporation (Taiwan), MagnaChip Semiconductor Corporation (South Korea), and others. These are the key players in the market and play a significant role in the market share.

Apart from these key players, there are other competitors in the market which play a role in contributing to the market growth. These players consist of UltraChip Inc. (Taiwan), Systech Limited (Hong Kong), Lucid Display Technology Inc. (South Korea), Yunnan OLIGHTEK Opto-Electronic Technology Co. Ltd. (China), Dialog SemiConductor PLC (UK), SolasOLED LTD. (Ireland), and others.

Display Driver Market Regional Analysis

The global market for display drivers is considered to rise at a notable rate during the forecast period from 2018-2023. The regional study of the display driver market is performed for Asia-Pacific, North America, Europe, and the rest of the world (Middle East, Latin America, and Africa). Among the regions acknowledged, the APAC region is estimated to lead the display driver Market share during the forecast owing to a large number of presence of entrepreneurs in the region. Countries like Taiwan, China, and South Korea have a huge number of market vendors which has an advantage of low labor costs and a large number of raw-material suppliers, which plays a major role in the growth of the market.

North America also plays a significant role in the market due to the entrepreneur’s willingness to adopt modern technology. Europe is estimated to grow at the fastest pace due to the flourishing automobile industry in the region. Many organizations are increasing their production for display driver ICs utilized in automotive displays.

Display Driver Market Segmentation

The display driver market is segmented into the device, type, technology, and package type.

On the basis of device, display driver IC is classified into automotive displays, smartphone, TV, tablet, wearable, PC monitor, and others. Smartphone is one of the leading segments which contribute a major share in the display driver market. Owing to the rising demand for connected vehicles and increasing interest in modern technologies, the automotive display segment is estimated to grow at a considerable rate during the assessment period.

On the basis of technology, the market is segmented into OLED, LCD, and others.

On the basis of package type, the market is classified into Chip-On-Film (COF), and Chip-On-Glass (COG). The rising adoption of the Chip-On-Film package type is anticipated to increase fast during the forecast period.

On the basis of type, the market is classified into touch display driver integration (TDDI), and display driver IC. The touch display driver integration segment is expected to thrive at a higher CAGR during the forecast period while the Display driver IC segment contributes to the maximum share of the market. Display driver IC embedded with a capacitive-touch-screen controller is called as touch display driver integration. It is believed to gain credibility recently as a higher number of entrepreneurs are paying attention to enhancing and developing this technology.

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 TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.3 Research Objectives

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.1.5 Bargaining Power Of Suppliers

4.2 Value Chain/Supply Chain Of Display Driver