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The display driver business is going through big trend changes right now because of new technology and shifting buyer tastes. People are now more interested in getting screens with a lot of sharpness for PCs, smart TVs, tablets, and smartphones, among other electronics. People still want clear pictures and fun-watching experiences, so there is a lot of pressure on companies that make display drivers come up with ways to add more pixels and bright colors.
Another big step forward that has changed the chip business is organic light-emitting diode (OLED) technology. In a lot of ways, organic light-emitting diode (OLED) screens are better than liquid crystal display (LCD) screens. To name a few things, they have better color ratios, faster reaction times, and more form factor freedom. Because more people want organic light-emitting diode panels, companies that make display drivers are focusing on making these panels more useful and better their total display quality.
Trends in the industry are being shaped by things like the rising need for edge-to-edge screens. The need for display drivers that can work with ultra-thin smartphones that are becoming more and more popular has grown very quickly. Manufacturers can power bigger screens with smaller borders now that display drivers are smaller and work better. Actually, this will help make the tools look more modern in the long run.
Power economy and using less energy are becoming more and more important in business. Because people are becoming more concerned about the environment, people who work in the technology industry are always looking for new ways to make their goods last longer. To fight this, companies that make display drivers are working on more eco-friendly methods that use less power generally and make batteries last longer. Products that are better for the earth and use less energy are becoming more common, and this trend is just a small part of that.
Another big change in the market is that you can do more with things you already have. As technologies like fast Dynamic Range (HDR), changeable refresh rates, and rapid frame rates get more complicated, display drivers are adding new features to help them handle it all. These changes make the watching experience better by making color rendering more accurate, motion handling better, and images sharper. Companies are spending money on research and development to make sure that their display driver solutions work with the newest display features. This is to keep up with the fast pace of technological change.
There are also effects on the display driver business from the car industry. Digital displays are being used more and more inside cars, mostly in the seats, panels, and entertainment systems. This has caused a huge increase in the need for automotive-grade display drivers. These drivers are the most reliable and safety-conscious in the world, and they also offer high-quality images to make the experience better inside the car. As in-car screens get better, companies that make display drivers are putting in a lot of time and effort to make systems that work best in cars.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | New factories to make OLED and LCD panels are being |
| Market Dynamics | Rising desire for high-resolution pictures and lighting that uses less energyRising demand for OLED and flexible screens |
Display Driver Market Highlights:
Global Display Driver Market Overview:
Display Driver Market Size was valued at USD 8.04 Billion in 2023. The Display Driver market industry is projected to grow from USD 8.615664 Billion in 2024 to USD 13.97 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.23% during the forecast period (2024 - 2032). The rise in demand for display driver integrated circuits and an increasing number of device makers are the key market driver enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Display Driver Market Trends
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Growing the use of smartphones is driving the market growth
Market CAGR for display drivers is driven by the Increasing customer spending on media and entertainment is the main force behind the growth of smartphone use worldwide. Smartphones are high-quality and fast, and they work like computers by giving you information in real-time. They became a big part of how people lived. Because technology changes quickly, it has a short life span. This forces major players to spend money on research to develop and separate their products with more advanced features. Demand for display drivers is expected to rise due to the issues mentioned above in the future.
Additionally, the demand for display driver integrated circuits (DDIC) is increasing because of the widespread use of LCD panels in many electronic devices. LCD screens are used in many devices, including TVs, laptops, smartphones, and more. The market is also affected by big electronic paper displays being used in more places because they are easier to use, cheaper to make, easier to read and use less energy. The display driver integrated circuit (DDIC) market is also helped by fast development, changes in lifestyle, a rise in investments, and more consumer spending. Therefore, the increasing prevalence of Display Driver is fueling the expansion of the international market.
For instance, magnachip semiconductor corporation reported unveiling two seventh-generation MXT Metal-Oxide Semiconductor Field-Effect Transistors (MOSFETs) 1 for smartphone battery protection circuits based on its Super-Short Channel technology. As a result, the demand for display drivers is predicted to grow throughout the forecasted time due to the rising demand for smartphones. Thus, the driving factor is the display driver market revenue.
Display Driver Market Segment Insights:
Display Driver Type Insights
The display driver market segmentation, based on type, includes display driver IC and touch display driver Integration. In 2022, the display driver IC segment led the display driver market in revenue. Because increasing as more devices, especially industrial and medical equipment, adopt capacitive touch screens. Display drivers are integrated circuits (ICs) that translate, connect, and handle displays like LCD, LED, OLED, DLP, vacuum fluorescent, and AMOLED from a microprocessor (MPU), microcontroller (MCU), or another circuitry system.
Figure 1: Display Driver Market by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Display Driver Device Insights
The display driver market segmentation, based on devices, includes smartphone, tablet, wearable, TV, and automotive display. The smartphone industry is anticipated to grow at a CAGR of 7.16% over the projected period, making up the largest market share because Smartphones provide real-time data and high levels of quality and performance, much like a computer. They became to be an essential component of everyday life.
Display Driver Technology Insights
The display driver market segmentation, based on the technology, includes LCD, OLED, and Others. The OLED category is expected to grow fastest at a CAGR of 7.16% in the future due to OLED displays are increasingly being used in several devices, including computers, televisions, smart wearable, and smartphones, due to their high resolution, color contrast, and display quality, which in turn is a growing demand for OLED display drivers.
Display Driver Package Type Insight
The display diver market segmentation, based on the package type, includes chip-on-glass and chip-on-film. The chip-on-film category is anticipated to grow at a CAGR of 7.16% over the projected period because the base film supports the semiconductor chip that makes up the COF package. Due to its low price, lightweight, outstanding resolution, and low power consumption, it is becoming the preferred choice and is seeing a high CAGR.
Display Driver Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American display driver market will dominate due to the region’s rising demand for smartphones, laptops, and other electronic gadgets. In addition, the integration of this driver will increase as manufacturing activity increases.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: DISPLAY DRIVER MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe’s display driver market accounts for the second-largest market share due to the increase in smartphone usage in the area. Further, the German display driver market held the largest market share, and the UK display driver market was the rapidest-growing market in the European region.
The Asia-Pacific display driver market is expected to grow at the fastest CAGR from 2023 to 2032 because of increasing demand for wearable technology, 3D and high-definition images, digital signage for media & advertising, and consumer electronics. Moreover, China’s display driver market held the largest market share, and the Indian display driver market was the fastest-rising market in the Asia-Pacific region.
Display Driver Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the display driver market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's footprint, with important market developments including new product launches, contractual agreements and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the display driver industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the display driver industry to benefit clients and increase the market sector. In recent years, the display driver industry has offered some of the most significant technological advancements. Major players in the display driver market, including ROHM Semiconductor, Synaptics Inc., Himax Technologies, Inc., Firepower Integrated Technology Inc, Novatek Microelectronics Corporation, Raydium Semiconductor Corporation, FocalTech Systems Co., Ltd (South Korea), MediaTek Inc., Silicon Works Co., Ltd., Samsung Electronics Co., Ltd, MagnaChip Semiconductor Corporation, Sitronics Technology Corporation (Taiwan), and others are attempting to grow market demand by investing in research and development operations.
Samsung creates ideas and products that change the world and shape the future. The Company is changing how TVs, smartphones, wearable devices, tablets, digital products, network systems, memory, LSI, foundry, and LED solutions work. We help markets like hyper-scale data centers, cars, IoT, mobile, and consumer electronics grow in new ways. World leaders in Mobile, Automotive, AR/VR, Gaming, IoT, Edge, and AI use our goods and technologies. They also help enterprise and hyper-scale data centers grow in ways never seen before. In January 2023, Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, released the ISOCELL HP2, a 200-megapixel (MP) image sensor with better pixel technology and full-well capacity that will be used in the high-end smartphones of tomorrow to take beautiful pictures.
Magnachip is a platform solution for communications and the IoT, specializing in designing and fabricating analog and mixed-signal semiconductors and consumer, computer, industrial, and automotive applications. The business offers clients worldwide a wide variety of conventional products. With over 40 years of operating experience, Magnachip has accumulated a portfolio of almost 1,100 registered patents and pending applications. The Company also has a background in engineering, design, and manufacturing techniques. Our exceptional goods and unmatched services give our consumers a high-quality offering at a reasonable price. We are innovative problem solvers reshaping the world for ourselves, our clients, and everyone. In May 2023, Magnachip Semiconductor Corporation announced that the Company is dividing its display and power divisions into separate organizations after receiving permission from its board of directors and strategic review committee.
Key Companies in the Display Driver Market include
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Synaptics Inc.
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Himax Technologies, Inc.
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Firepower Integrated Technology Inc
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Novatek Microelectronics Corporation
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Raydium Semiconductor Corporation
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FocalTech Systems Co., Ltd (South Korea)
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MediaTek Inc.
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Silicon Works Co., Ltd.
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Samsung Electronics Co., Ltd
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MagnaChip Semiconductor Corporation
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Sitronics Technology Corporation (Taiwan)
Display Driver Industry Developments
January 2024: Today marks the debut of a new feature that Nvidia is making available to all users of RTX GPUs: RTX Video HDR. RTX Video HDR makes use of artificial intelligence to transform SDR color space video to HDR. This is similar to how Nvidia's RTX Video Super Resolution can improve the quality of outdated, grainy online videos. All that is required is a display that is compatible with HDR10 and has HDR enabled in Windows.
The RTX Video HDR driver was included in the 551.23 Game Ready driver version that was released today for the introduction of the new RTX 4070 Ti Super. It has added a minor color detail to 4K YouTube videos that weren't published in HDR. This feature is compatible with both Microsoft Edge and Google Chrome. It is possible that the effect might be more noticeable on a more advanced HDR display; nonetheless, it was impossible to detect anything about it until I repeatedly toggled it on and off. Previously, when RTX Video Super Resolution was used to upscale and sharpen ancient YouTube videos, it produced results that were comparable to what is found here.
In the same way that many of Nvidia's AI-powered features need an RTX card, RTX Video HDR does as well. This is because it makes use of the tensor cores that Nvidia first began delivering in its RTX 20-series graphics processing units (GPUs). In addition, Nvidia's Deep Learning Super Sampling (DLSS) technology makes use of artificial intelligence algorithms in order to enhance the frame rates and visual quality of video games. Additionally, in 2022, Nvidia introduced its Deep Learning Dynamic Super Resolution (DLDSR) technology, which was designed to enhance picture quality by rendering games at a greater resolution. Nvidia Broadcast also contains a function called Eye Contact, which use artificial intelligence to create the illusion that you are establishing eye contact when you are on a video conversation.
April 2023: The ROHM-developed BD83A04EFV-M, BD83A14EFV-M, and BD82A26MUF-M 4ch/6ch LED driver ICs are designed for medium to large-scale automobile displays in instrument and infotainment clusters.
December 2022: Himax Technologies has announced a collaboration with Novatek Microelectronics Corp. (TWSE: 3034) ("Novatek"), a leading fabless chip design firm that specializes in the design, development, and marketing of a wide range of display driver ICs & SoC solutions, to introduce the market-leading ultralow power pre-roll AI solution for a battery-operated security camera at CES 2023.
Display Driver Market Segmentation:
Display Driver Type Outlook
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Display Driver IC
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Touch Display Driver Integration
Display Driver Device Outlook
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Smartphone
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Tablet
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Wearable
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TV
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Automotive Display
Display Driver Technology Outlook
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LCD
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OLED
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Others
Display Driver Package Type Outlook
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Chip-On-Glass
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Chip-On-Film
Display Driver Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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