What Factors Propelled The Growth Of The Display Driver Market In The Past?
The display driver market has seen considerable growth due to a variety of factors.
•The size of the display driver market has experienced robust growth recently. Projections point towards an increase from $8.86 billion in 2024 to $9.39 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.0%.
Factors contributing to the historic growth include an amplified demand for electronic devices, a boost in portable consumer electronics, a pull towards high-resolution displays, a need for energy-efficient displays, and adherence to regulatory standards and compliance obligations.
What Is The Projected Growth And Market Size For The Display Driver Sector?
The display driver market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for display drivers is anticipated to experience substantial expansion in the coming years. The market is projected to reach $12.77 billion by 2029, with a compound annual growth rate (CAGR) of 8.0%.
This growth during the forecast period can be linked to the advancement of OLED and micro-LED displays, increasing use of augmented reality (AR) and virtual reality (VR), demand for better refresh rates and HDR support, evolution to automotive display applications and concentration on energy-saving solutions. Key trends during the forecast period include downsizing and integration, improved power efficiency, multi-protocol backing, standardization and compatibility along with constant performance improvement.
What Are The Core Factors Supporting Growth In The Display Driver Market?
The escalating requirement for smartphones is anticipated to drive the expansion of the display driver market in the future. Portable electronic gadgets like smartphones permit users to surf the internet, send SMS, and make phone calls. Display drivers are needed in smartphones to turn digital data from the processor into signals for effective communication between the operating system of the phone and the graphics hardware like the GPU (graphics processing unit) or the integrated graphics chip. For example, in February 2023, according to the UK-based Office of Communications, there were 71.8 million mobile connections recorded at the start of 2022. This figure indicates a growth of 3.8% from 2021 (approximately 2.6 million) and is 4.2 million greater than the overall population of the nation. Moreover, by 2025, 65 million out of the UK's 68.3 million population will possess smartphones. Consequently, this escalating requirement for smartphones fuels the expansion of the display driver market.
What Are The Major Segments Within The Global Display Driver Market?
The display driver market covered in this report is segmented –
1) By Type: Display Driver Integrated Circuit(IC), Touch Display Driver Integration
2) By Display Technology: Liquid Crystal Display(LCD), Organic Light-Emitting Diode (OLED), Other Display Technologies
3) By Package Type: Chip-On-Glass, Chip-On-Film
4) By Application: Automotive Display, Smartphone, Monitor And Notebook, Television, Smartwatch, Other Applications
Subsegments:
1) By Display Driver Integrated Circuit (IC): LCD Display Driver IC, OLED Display Driver IC, Led Display Driver IC
2) By Touch Display Driver Integration (TDDI): Capacitive Touch TDDI, Resistive Touch TDDI, In-Cell Touch TDDI
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Which Trends Are Expected To Transform The Display Driver Market?
The rise in technological innovations is a salient trend that's gaining traction within the display driver market. Major companies within this industry are inventing fresh technologies to maintain their competitiveness. To illustrate, in January 2022, OmniVision Technologies Inc., a semiconductor manufacturer in the US, unveiled the new TD4377 TDDI (touch and display driver integration) product for cell phones, which includes the TDDI technology. The product provides LCD and touch solutions that include 1080-pixel full high definition (FHD) resolution, a screen image rate as high as 144 Hz, and a double touch reporting rate than the screen speed. These features enhance the LCD module’s ability to generate screens having superior touch sensitivity and vibrant colors while decreasing module costs and boosting production efficiency.
Who Are the Key Players in the Display Driver Market?
Major companies operating in the display driver market include:
• 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
What Is The Most Dominant Region In The Display Driver Market?
Asia-Pacific was the largest region in the display driver market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the display driver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
