The display driver IC market is projected to witness a CAGR of 3.08% during the forecast period to reach a total market size of US$6,031.889 million by 2025, increasing from US$5,027.666 million in 2019. The growth of this market is being driven by a rapidly increasing demand for displays for a wide range of applications. The growth of industries like retail, consumer electronics, media and entertainment, automotive and others is fuelling the demand for displays for a wide range of applications by key industry players. As display manufacturers continue to boost investments into scaling up existing and expansion of manufacturing facilities in new regions, the demand for display driver ICs will continue to witness a significant upward demand.
In addition, rising disposable income across many regions is accelerating the adoption of high-quality display solutions by consumers. Higher investments by major market players into research and development aimed at improving the capabilities of these ICs are also a key contributing factor to the market growth. As the aligned markets continue to grow, the adoption of these advanced display driver ICs will increase, which will drive the demand for these ICs over the projected period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the display driver IC value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the market.
Major industry players profiled as part of the report are Synaptics, LAPIS Semiconductor, SILICON WORKS, and ILITEK among others.
|Market size value in 2019||US$5,027.666 million|
|Market size value in 2025||US$6,031.889 million|
|Growth Rate||CAGR of 3.08% from 2019 to 2025|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Type, Display Type, Display Size, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Synaptics Incorporated, LAPIS Semiconductor Co.,Ltd., SILICON WORKS, ILITEK, Himax Technologies, Inc, Novatek Microelectronics Corp, LUSEM CO., LTD., Magnachip Semiconductor, Sitronix Technology Corporation|
|Customization scope||Free report customization with purchase|
By Display Type
By Display Size
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the display driver IC market size by 2025?
A1. The display driver IC market is projected to reach a market size of US$6,031.889 million by 2025.
Q2. What is the size of the global display driver IC market?
A2. Display Driver IC Market was valued at US$5,027.666 million in 2019.
Q3. What are the growth prospects for the display driver IC market?
A3. The display driver IC market is projected to witness a CAGR of 3.08% during the forecast period.
Q4. What factors are anticipated to drive the display driver IC market?
A4. The growth of the display driver IC market is being driven by rapidly increasing demand for displays for a wide range of applications.
Q5. Who are the major players in the display driver IC market?
A5. Major industry players profiled as part of the report are Synaptics, LAPIS Semiconductor, SILICON WORKS, and ILITEK among others.
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