Display Driver Global Market Report 2024

The software that enables interaction between an operating system and graphics hardware in electronic devices is commonly referred to as a display driver or graphics driver. This software facilitates the communication between running programs and the display screen, allowing the visual representation of elements.

Display drivers come in various types, including display driver integrated circuits (ICs) and touch display driver integration. Display driver ICs function as an intermediary between processors or digital systems and screen panels such as LCD or OLED. These drivers support different display technologies, such as liquid crystal display (LCD), organic light-emitting diode (OLED), and others. They are available in various package types such as chip-on-glass and chip-on-film, catering to applications such as automotive displays, smartphones, monitors, notebooks, televisions, smartwatches, and more.

The display driver market research report is one of a series of new reports from The Business Research Company that provides display driver market statistics, including display driver industry global market size, regional shares, competitors with a display driver market share, detailed display driver market segments, market trends, and opportunities, and any further data you may need to thrive in the display driver industry. This display driver market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The display driver market size has grown strongly in recent years. It will grow from $8.44 billion in 2023 to $9.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. During the historical period, the growth in the display driver market was driven by several factors. These include the escalating demand for electronic devices, the surge in portable consumer electronics, a market transition towards higher-resolution displays, the need for energy-efficient displays, and compliance with regulatory standards. These factors collectively contributed to the expansion and development of the display driver market.

The display driver market size is expected to see strong growth in the next few years. It will grow to $11.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period for display drivers is expected to be fueled by various factors. These include the integration of advanced OLED and microLED displays, increased adoption of augmented reality (AR) and virtual reality (VR) technologies, a rising demand for higher refresh rates and HDR support in displays, the shift towards employing displays in automotive applications, and a dedicated focus on energy-efficient solutions. Moreover, major trends expected during this period encompass miniaturization and integration of components, enhanced power efficiency, support for multiple protocols, emphasis on standardization and compatibility, and continuous improvement in performance capabilities. These trends collectively contribute to the projected expansion of the display driver market.

The surge in demand for smartphones is anticipated to drive the growth of the display driver market. Smartphones, ubiquitous portable electronic devices, have become integral to modern communication, offering features such as internet browsing, text messaging, and phone calls. Display drivers play a crucial role in smartphones by converting digital information from the processor into signals that facilitate communication between the phone's operating system and graphics hardware, including the graphics processing unit (GPU) or integrated graphics chip. Notably, in February 2023, the UK's Office of Communications reported a significant rise in mobile connections to 71.8 million at the beginning of 2022, marking a 3.8% increase from the previous year. The projection that 65 million out of the UK's 68.3 million population will own smartphones by 2025 further underscores the escalating demand, thereby propelling the growth of the display driver market.

The upswing in automotive production is poised to be a driving force behind the expansion of the display driver market. Automotive production encompasses the assembly of components to manufacture various vehicles, such as automobiles and trucks. In the context of automotive displays, display drivers serve as crucial interfaces between microcontrollers or microprocessors and the display itself. They facilitate the transmission of signals necessary to activate and control individual pixels or segments on the display, ensuring accurate, clear, and easily readable information. This functionality significantly contributes to the overall user experience and safety within the vehicle. For instance, data from March 2022, as reported by the European Automobile Manufacturers' Association (ACEA), indicated a 5.5% increase in US passenger car sales from 2020 to 11.9 million units in 2021. Additionally, global automotive production saw a 2.7% rise to 63.2 million cars in 2021. This growth trend underscores the pivotal role of display drivers in automotive displays, thereby driving the expansion of the display driver market.

Technological advancements stand out as a prominent trend in the display driver market, with major companies striving to introduce innovative solutions to maintain their market position. An illustrative example is the initiative by OmniVision Technologies Inc., a semiconductor manufacturing company based in the United States. In January 2022, the company unveiled the TD4377 TDDI (touch and display driver integration) product tailored for cell phones, incorporating advanced TDDI technology. This product elevates LCD and touch solutions with 1080-pixel full high definition (FHD) resolution, supporting a screen image rate of up to 144 Hz, and doubling the touch reporting rate for enhanced screen responsiveness. By enabling LCD modules to deliver screens with superior touch sensitivity and vibrant colors, while simultaneously reducing module costs and enhancing production efficiency, OmniVision Technologies Inc. exemplifies the pursuit of technological advancements in the display driver market.

Major players in the display driver market are strategically focusing on pioneering products, such as passive matrix microLED display drivers, to gain a competitive advantage. A passive matrix microLED display driver refers to an integrated circuit (IC) employing a passive matrix addressing technique to manage and supervise the operations of a microLED display. Solomon Systech Limited, a China-based company specializing in integrated circuit (IC) product design and development, took a significant step in this direction. In March 2023, the company introduced SSD2363, a cutting-edge driver compatible with high-resolution PM-MicroLED panels of up to 256 RGB. Recognized as the next-generation display technology, MicroLED offers advantages such as extended lifespan, enhanced durability, heightened efficiency, and brightness compared to traditional displays. Solomon Systech Limited's SSD2363 is designed for versatile applications, including wearables, home appliances, and industrial settings, showcasing a commitment to innovation within the display driver market.

In August 2021, Renesas Electronics Corporation, a Japanese semiconductor manufacturer, completed the acquisition of Dialog Semiconductor Plc for EUR 4.8 billion ($5.7 billion). This strategic move significantly expands Renesas's product portfolio, offering a more diverse range of solutions to customers. Through this acquisition, Renesas aims to implement innovative market strategies and deliver comprehensive services, leveraging Dialog Semiconductor's expertise in developing display drivers and evaluation kits for electronic paper-segmented displays.

Major companies operating in the display driver market report are 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.

Asia-Pacific was the largest region in the display driver market in 2023, 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

The countries covered in the display driver market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The display driver market consists of revenues earned by entities by providing services such as performance enhancement, display troubleshooting, and display configuration tools. The market value includes the value of related goods sold by the service provider or included within the service offering. The display driver market also includes sales of display-oriented ADCs, VFD display drivers, VCOM amplifiers, and digital LCDs. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Display Driver Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on display driver market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for display driver ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The display driver market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Sony Corporation;Lenovo Group Limited; Panasonic Corporation; LG Electronics Inc.; Haier Group Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.