Global Display Driver IC Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Gate Driver, Source Driver), By Display Type (LCD, LED, OLED, Others), By Display Size (Small, Medium, Large), By Application (Television Set, Smartphone, Laptop, Tablet, Automobile Consoles, Others), And By Geography - Forecasts From 2022 To 2027

  • Published : Dec 2022
  • Report Code : KSI061611335
  • Pages : 127

The global display driver IC market is projected to grow at a CAGR of 11.95% during the forecast period to reach US$13,587.198 million by 2027, from US$6,163.919 million in 2020.

Display Driver IC is an integrated circuit chip that controls the switching and display method of LCD panels and AMOLED panels. It is also called the brain of the panel as its main function is to send drive signals and data to the display panel by converting them into electric signals. Moreover, its main function is to control the OLED display panel and provide a wide range of color gamuts and high-fidelity display signals. With the increase in demand for enhanced panel display resolution the demand for display driver IC is increasing.

An increase in demand for enhanced display panels from consumers electronics sector is expected to boost the global display driver IC market.

The display driver is increasingly used in large-screen TVs, laptops, tablets, smartphones, and automotive displays that act as an interface between a microprocessor or digital system. The increase in demand for smart TVs, smartphones, laptops, and tablets with enhanced display panels is further increasing the demand for display drive ICs. Moreover, enhanced image quality with a wide range of color gamuts, low power consumption, and reduced picture delay is increasing the demand for display drivers IC. Furthermore, innovations in display drivers IC by major market players are further boosting the market for display driver IC. For example, the chip-on-glass LCD driver technology by NXP. It is an integrated circuit mounted directly on the display glass with reduced cost and higher flexibility in changing and upgrading the LCD module. Furthermore, demand for small displays increased as a result of an increase in smartphone and tablet consumption. For instance, Himax Technologies Inc, revenues for small and medium-sized applications of display drivers totaled US$963.5 million in 2021 witnessing the highest growth of 86.8% year-over-year.

However, increasing competition among companies to produce and manufacture innovative display driver ICs, and the need for increasing ram capacity for high-resolution displays coupled with rising costs can hinder the growth of the display driver IC market.

Key developments

Increased investments, partnerships, and novel launches by major market players and research and development aimed at improving the capabilities of these ICs are also key contributing factors to the market growth. For instance,

  • Acer acquired display IC driver supplier FocalTech Systems in April 2021. The acquisition provided Acer with FocalTech System’s assistance in securing more display driver IC supplies for its PCs and other products.
  • Omnivision launched a new HD 144HZ touch display driver chip for smartphones in January 2022. The product aims to consume less power and support high-pixel high-definition displays to achieve vivid display effects and excellent touch performance.
  • Toshiba Electronics Devices AN Storage Corporation added five products to its product line MOSFET gate driver ICs in June 2022. The new products are equipped with an overvoltage lockout duration function and control the gate voltage according to the input voltage. The product is suitable for mobile devices and wearables.

During the forecast period, North America is expected to gain a significant share of the Global Display Driver IC market.

North America is witnessing an increase in demand for display driver IC due to rising disposable income which is increasing the demand for good quality display systems, and new technology in display driver IC by major market players is further increasing the demand for display driver IC. For example, Texas Instruments' common cathode matrix LED display driver provides dot correction, fault detection, LED open detection, and LED short-to-ground Detection with 16 scan line switches and a high-speed clock series interface. Moreover, demand for chip technology drivers witnessed an increase due to compact size, low power consumption, and enhanced display options for a seamless display experience.

COVID-19 Insights

COVID-19 had a significant impact on the global display driver IC market. The pandemic witnessed an increase in demand for smartphones, smart TV, computer, and laptop which further increased the demand for display driver IC as a result of the work-from-home culture. Demand for large-sized LCD drivers increased owing to an increase in demand for laptops for working from home and an increase in demand for LCD smart TV as a result of the OTT platform surge. As per Himax Technologies' annual report, revenue for large-sized application for display drivers were US$249,789 million in 2020. Similarly, revenue for small-sized applications owing to the increase in the use of android smartphones and tablets was recorded at US$515,733 million in 2020.

Global Display Driver IC Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$6,163.919 million
 Market Size Value in 2027  US$13,587.198 million
 Growth Rate  CAGR of 11.95% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Type, Display Type, Display Size, Application, 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, Himax Technologies, Inc, Novatek Microelectronics Corp, Magnachip Semiconductor, Sitronix Technology Corporation, ILITEK, LX Semicon
 Customization Scope  Free report customization with purchase

 

Market Segments

  • By Type
    • Gate Driver
    • Source Driver
  • By Display Type
    • LCD
    • LED
    • OLED
    • Others
  • By Display Size
    • Small
    • Medium
    • Large
  • By Application
    • Television Set
    • Smartphone
    • Laptop
    • Tablet
    • Automobile Consoles
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Indonesia
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

The global display driver IC market is projected to reach a market size of US$13,587.198 million by 2027.
Display Driver IC Market was valued at US$6,163.919 million in 2020.
The display driver IC market is projected to grow at a CAGR of 11.95% during the forecast period.
The display driver IC market growth is being driven by rapidly increasing demand for displays for a wide range of applications.
North America is expected to hold a significant share of the global display driver IC market.

1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. GLOBAL DISPLAY DRIVER IC MARKET, BY TYPE

5.1. Introduction

5.2. Gate Driver

5.3. Source Driver

 

6. GLOBAL DISPLAY DRIVER IC MARKET, BY DISPLAY TYPE

6.1. Introduction

6.2. LCD

6.3. LED

6.4. Others

 

7. GLOBAL DISPLAY DRIVER IC MARKET, BY DISPLAY SIZE

7.1. Introduction

7.2. Small

7.3. Medium

7.4. Large

 

8. GLOBAL DISPLAY DRIVER IC MARKET, BY APPLICATION

8.1. Introduction

8.2. Television Set

8.3. Smartphone

8.4. Laptop

8.5. Tablet

8.6. Automobile Consoles

8.7. Others

 

9. GLOBAL DISPLAY DRIVER IC MARKET, BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. United States

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. Germany

9.4.2. France

9.4.3. United Kingdom

9.4.4. Spain

9.4.5. Others

9.5. The Middle East and Africa

9.5.1. Saudi Arabia

9.5.2. Israel

9.5.3. Others

9.6. Asia Pacific

9.6.1. China

9.6.2. Japan

9.6.3. South Korea

9.6.4. India

9.6.5. Indonesia

9.6.6. Taiwan

9.6.7. Others

 

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrative

10.3. Mergers, Acquisition, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

 

11. COMPANY PROFILES

11.1. Synaptics Incorporated

11.2. LAPIS Semiconductor Co., Ltd.

11.3. SILICON WORKS

11.4. Himax Technologies, Inc

11.5. Novatek Microelectronics Corp

11.6. Magnachip Semiconductor

11.7. Sitronix Technology Corporation

11.8. ILITEK

11.9. LX Semicon


Synaptics Incorporated

LAPIS Semiconductor Co., Ltd.

SILICON WORKS

Himax Technologies, Inc

Novatek Microelectronics Corp

Magnachip Semiconductor

Sitronix Technology Corporation

ILITEK

LX Semicon