Display Driver IC Market Report 2024 (Global Edition)

Global Display Driver IC Market Report 2024 Market Size Split by Type (Gate Driver, Source Driver), by Application (Television Set, Smartphone, Laptop, Tablet, Automobile Consoles, Others), by Display...

Display Driver IC Market Report Description

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Display Driver IC Market Insights Video

Competitive Landscape of the Display Driver IC Market

The major companies are focusing on product development, innovation, partnerships, and mergers and acquisitions to stay competitive in the market. They are also investing in research and development to improve the performance of their display driver ICs and to offer advanced features and functionalities to their customers. The market is expected to witness intense competition in the coming years due to the increasing demand for display driver ICs in various applications.

• December 2020, Samsung Electronics announced the launch of its latest System-on-Chip (SoC) solution, the Exynos 1080, featuring an integrated 5G modem and advanced display driver IC capabilities

(Source:www.indiatoday.in/technology/news/story/samsung-to-launch-exynos-1080-chipset-on-november-12-1737140-2020-11-02)

Top Companies Market Share in Display Driver IC Industry: (In no particular order of Rank)

• Synaptics Incorporated
• LAPIS Semiconductor Co. Ltd
• SILICON WORKS
• Himax Technologies Inc
• Novatek Microelectronics Corp
• Magnachip Semiconductor
• Sitronix Technology Corporation 
• ILITEK
• LX Semicon
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America dominated the market in 2023 and accounted for around 38% of the global revenue

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 38% of the global revenue, owing to the region's growing beauty and cosmetics industry, influenced by trends in beauty self-expression, the impact of social media influencers, and an emphasis on product innovation. Increased online retail accessibility, the pursuit of natural and organic options, and a focus on inclusivity also contribute to the market's expansion, making it a dynamic and competitive sector within the broader cosmetics industry.

Europe is the fastest-growing category as the region's increasing influence of social media and beauty influencers, the demand for customizable and inclusive products, a growing focus on sustainability and natural ingredients, and the proliferation of e-commerce coupled with a desire for self-expression and grooming contribute to the market's sustained growth, making it a vibrant and evolving segment within the broader cosmetics industry.

The current report Scope analyzes Display Driver IC Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

North America Display Driver IC Market

North America Display Driver IC Market Analysis:

According to Cognitive Market Research, North America held the market of more than 29% of the global revenue with a market size of USD 1.39 billion in 2023 and is expected to grow at a CAGR of 2.6%. The growth is attributed to the presence of major display driver IC manufacturers, increasing demand for advanced display technologies, and the rising adoption of smartphones, laptops, and other electronic devices. The United States is the largest market for Display Driver ICs in North America due to the presence of major players such as Qualcomm Technologies, Inc., Synaptics Incorporated, and Texas Instruments Inc. According to Cognitive Market Research, The rising demand for OLED and flexible displays is also contributing to the growth of the Display Driver IC market in North America. The region is witnessing significant investments in research and development activities for the development of advanced display technologies, which is expected to further boost the market growth. In conclusion, the North American Display Driver IC market is expected to grow at a significant rate in the coming years due to the increasing demand for advanced display technologies and the presence of major players in the region.

Europe Display Driver IC Market

Europe Display Driver IC Market Analysis:

According to Cognitive Market Research, with a market value of USD 1.25 billion in 2023 and expected to expand at a compound growth rate of 2.8% from 2023 to 2030, accounting for over 26% of the total global revenue. The growth is recognised by the increasing demand for advanced display technologies, rising adoption of smartphones, laptops, and other electronic devices, and the presence of major display driver IC manufacturers in the region. Germany is the largest market for Display Driver ICs in Europe due to the presence of major players. The rising demand for high-resolution displays and the increasing adoption of advanced driver assistance systems in automobiles are driving the growth of the market in the region. According to Cognitive Market Research, the rising demand for OLED and flexible displays is also contributing to the growth of the Display Driver IC market in Europe. The region is witnessing significant investments in research and development activities for the development of advanced display technologies, which is expected to further boost the market growth. In conclusion, the European Display Driver IC market is expected to grow at a significant rate in the coming years due to the increasing demand for advanced display technologies and the presence of major players in the region.

Asia Pacific Display Driver IC Market

Asia Pacific Display Driver IC Market Analysis:

According to Cognitive Market Research, Asia Pacific held the major market share in 2023, accounting for more than 38% of the global revenue with a market size of USD 1.82 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030. It is expanding due to various factors such as the growing sales of consumer electronics, increasing demand for 3D and high-definition images, rising demand for digital signage for media and advertising purposes, an upsurge in demand for wearable devices, and a rise in sales of display products for automotive applications. According to Cognitive Market Research, rising demand for OLED and flexible displays is contributing to the growth of the Display Driver IC market in Asia Pacific. The region is witnessing significant investments in research and development activities for the development of advanced display technologies, which is expected to boost the market growth further. In conclusion, the Asia Pacific Display Driver IC market is expected to grow at a significant rate in the coming years due to the increasing demand for advanced display technologies and the presence of major players in the region.

South America Display Driver IC Market

South America Display Driver IC Market Analysis:

According to Cognitive Market Research, Latin America accounted for more than 5% of the global display driver ic revenue in 2023 with a market size of USD 0.24 billion in 2023 and will grow at a rate of 3.3% from 2023 to 2030. It is expected to grow at a significant rate in the coming years due to the increasing demand for advanced display technologies and the presence of major players in the region. However, the market growth may be stalled by factors such as high costs associated with the development of advanced display technologies and the lack of skilled labor in the region. According to Cognitive Market Research, the automobile console segment is expected to witness growth in the upcoming years in region due to the rising use of advanced driver assistance systems in automobiles. In conclusion, the region is witnessing significant investments in research and development activities for the development of advanced display technologies, which is expected to further boost the market growth.

Middle East and Africa Display Driver IC Market

Middle East and Africa Display Driver IC Market Analysis:

According to Cognitive Market Research, the Middle East and Africa accounted for more than 2% of the global revenue in 2023 with a market size of USD 0.10 billion in 2023 and will grow at a CAGR of 3.4% from 2023 to 2030. The growth is attributed to the rising adoption of smartphones, laptops, and other electronic devices, and the growing popularity of digital signage for media and advertising purposes. Saudi Arabia is the largest market for Display Driver ICs in the Middle East and African region due to the presence of major players such as Samsung Electronics Co., Ltd. and LG Display Co., Ltd. According to Cognitive Market Research, the increasing demand for high-resolution displays and the growing adoption of advanced driver assistance systems (ADAS) in automobiles are driving the growth of the market in the region. In conclusion, the MEA (Middle East and Africa) display driver IC market is expected to grow at a significant rate in the coming years due to the increasing demand for advanced display technologies and the presence of major players in the region. However, the market growth might be hindered by factors such as political instability and economic volatility in certain countries of the region.

Display Driver IC Market Analysis

Display Driver IC Type Segment Analysis

According to Cognitive Market Research, gate driver held the major market share over the forecast period. Gate drivers are responsible for controlling the flow of current to the gate of a transistor, which in turn controls the flow of current through the transistor. Gate drivers are commonly used in high-speed switching applications, such as in the case of LCD panels. Gate drivers have several advantages over source drivers, such as higher efficiency, faster switching speeds, and better thermal performance. Additionally, gate drivers are more commonly used in applications that require high-speed switching and high current levels, such as in LCD and OLED panels for smartphones and other mobile devices.

Source driver is the fastest-growing category over the forecast period. It is responsible for controlling the voltage and current levels applied to the source terminal of a transistor. Source drivers are commonly used in applications that require low power consumption and low voltage levels, such as in LED displays and small-size LCD panels.

• Gate Driver
• Source Driver

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Display Driver IC Application Segment Analysis

According to Cognitive Market Research, smartphone segment holds a prominent market share. This is due to rising demand for smartphones with advanced displays that offer high resolution, better color accuracy, and improved viewing experience. The report also states that the demand for display driver ICs in the automotive industry is expected to grow significantly due to the increasing implementation of advanced driver assistance systems (ADAS) and infotainment systems in automobiles.

The automotive segment is the fastest-growing category over the forecast period. The demand for display driver ICs in the automotive industry is expected to grow significantly due to the increasing adoption of advanced driver assistance systems (ADAS) and infotainment systems in automobiles. The report also states that the demand for display driver ICs in the smartphone segment is expected to remain strong due to the increasing demand for smartphones with advanced displays that offer high resolution, better color accuracy, and improved viewing experience.

• Television Set
• Smartphone
• Laptop
• Tablet
• Automobile Consoles
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Display Driver IC market report 2024 Edition by contacting our team.

Display Driver IC Display Type Segment Analysis

According to Cognitive Market Research, LCD (Liquid Crystal Display) segment hold a prominent market share as LCDs are widely used in various applications such as televisions, computer monitors, smartphones, and tablets due to their low power consumption, low cost, and high resolution. LCDs require source and gate drivers to control the flow of current and voltage to the LCD pixels. As a result, the demand for Display Driver ICs for LCD displays is high.

OLED is the fastest-growing category over the forecast period. OLED displays are gaining popularity due to their thinness, flexibility, and low power consumption. The demand for them is increasing rapidly due to their use in smartphones, tablets, televisions, and other electronic devices. OLED displays require specialized display driver ICs that can control the current and voltage levels applied to the OLED pixels. The demand for OLED display driver ICs is expected to witness significant growth due to the increasing adoption of OLED displays in various applications.

• LCD
• LED
• OLED
• Others

Display Driver IC Display Size Segment Analysis

According to Cognitive Market Research, small display segment hold a prominent market share. Small displays are commonly used in smartphones, wearables, and other handheld devices. These displays typically have a diagonal size of less than 5 inches. The demand for small displays is high due to the growing popularity of smartphones and wearables. Small displays require specialized display driver ICs that can control the flow of current and voltage to the display pixels.

Medium size displays are the fastest-growing category over the forecast period. This growth is attributed to the increasing demand for smartphones, tablets, and laptops with medium-sized displays. The report also states that the demand for large-sized displays is also expected to grow due to the increasing adoption of televisions and digital signage.

• Small
• Medium
• Large

Display Driver IC Sales Channel Segment Analysis

• Direct
• Indirect

Display Driver IC End Use Segment Analysis

• Consumer Electronics
• Healthcare
• Automotive
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion