The global display driver market size is set to reach USD 16.0 billion by 2032. It is likely to exhibit a CAGR of 6.8% in the assessment period. It stood at a valuation of around USD 8.3 billion in 2022.
A display driver is primarily an application-specific integrated circuit, microprocessor, microcontroller, or general-purpose programmable logic interface. It performs an interface function.
They are primarily utilized in peripheral displays, including those found in car displays, monitors, TVs, smartwatches, tablets, laptops, and smartphones. Increased supply of organic light emitting diodes and flexible displays for mobile and tablet devices would drive the market.
Quick uptake of smart wearables and augmented reality/virtual reality devices would also boost display driver sales by 2032. Innovations geared toward diverse end-user verticals are what drive the industry.
For instance, Solomon Systech Ltd introduced the SSD7317 in February 2021. It is a touch and display driver integration (TDDI) IC designed specifically for use in smart home goods.
The innovation is nowadays in a position to improve the quality of user experience for products. The SSD7317 is a single chip that integrates touchscreen and display microelectronics for usage in Passive Matrix OLED screens. These are frequently used in wearable technology, medical equipment, and smart home products.
Nvidia also sent a security notice in May 2022 alerting users of a fresh software security update for the Nvidia GPU display driver. The update fixes security weaknesses that might cause data tampering, information leakage, or denial of service in previous driver versions.
5G network would further enable fast downloads of full-length movies in a matter of seconds. It would hence increase the demand for devices with 5G capabilities.
Key display driver suppliers are investing in developing and creating smartphones with better resolution and high memory capacity. They would allow users to install or enjoy video games on full-sized consoles.
| Attributes | Key Insights |
|---|---|
| Display Driver Market Estimated Size (2022) | USD 8.3 billion |
| Projected Market Valuation (2032) | USD 16.0 billion |
| Value-based CAGR (2022 to 2032) | 6.8% |
| USA Value-based CAGR (2022 to 2032) | 5.6% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global display driver market witnessed a CAGR of around 4.7% in the historical period from 2017 to 2021. It is projected to showcase considerable growth at 6.8% CAGR in the estimated time frame.
Demand for high-performance display driver ICs is anticipated to rise during the forecast period. It is attributed to the expected significant growth in the OLED display driver industry. OLED and flexible displays are becoming highly common in smart devices. A few of these include smartphones, wearables, and smart TVs.
Growth in the global smartphone market is a direct driver of the display driver sector. Smartphones provide real-time information and have high quality and performance.
They function similarly to computers. They gradually assimilated into everyday life. Leading firms are being compelled to engage in research in order to improve and differentiate their offers with cutting-edge functionality. It is mainly due to a short life cycle brought on by the quick technological advancement.
Principal Consultant
Asia Pacific to Remain at the Forefront in Display Driver IC Market through 2032
Asia Pacific display driver IC market size was USD 3.9 billion in 2021. It crossed a valuation of around USD 4.1 billion in 2022.
It is projected that Asia Pacific will surpass USD 7.9 billion in 2032. A CAGR of about 49.8% is expected from the region between 2022 and 2032.
Asia Pacific is a predominant manufacturer of smartphones, as well as automobiles in the world. China is a significant manufacturer and consumer of smartphones in the region.
Increasing demand for smartphones is projected to expand the market for display drivers in the region. Display drivers play a crucial role in the functioning of the display in a smartphone.
Display drivers are also being used in automotive displays. Recent adoption of displays by car manufacturers provides the driver with necessary information regarding the car. These displays can also be used for navigation.;
China is a significant manufacturer of automobiles in Asia Pacific. The country produced around 2.1 million passenger cars in 2021. High demand for cars in the country will expand the market for display drivers in Asia Pacific as they are an important component in automotive displays.
Increasing Need for Smartphones in the USA to Propel Display Drivers & Software Sales
The USA display driver market is expected to be worth USD 2.3 billion by 2032. It would create an absolute dollar growth of USD 1.0 billion till 2032.
The USA market witnessed growth at a CAGR of 1.7% from 2017 to 2021. It is likely to expand at a CAGR of 5.6% from 2022 to 2032.
There were about 296 million smartphone users in the USA in 2020. The number of smartphone users is projected to expand to about 347.6 million by 2032.
Display drivers allow the display of smartphones to function smoothly. Hence, the market for display drivers in the USA is projected to expand during the assessment period.
High Demand for Televisions in the United Kingdom to Push Display Graphics Driver Sales
The United Kingdom display driver integrated circuit (DDIC) market is anticipated to exceed USD 429.7 million by 2032. It would create an incremental opportunity of USD 171.1 million till 2032.
The United Kingdom market exhibited steady growth at a CAGR of 0.4% from 2017 to 2021. It is projected to boost at a CAGR of 5.2% in the next ten years.
The United Kingdom is a significant market for television in the world. Around 26.8 million households in the country had a television in 2018.
This number expanded to about 27 million in 2021. Increasing demand for televisions in the country will help to expand the market for display drivers during the estimated period.
High Production of Consumer Electronics in China to Fuel Demand for Display Driver Applications
China display driver market is expected to be valued at USD 4.1 billion by 2032. It is likely to create an absolute dollar opportunity of USD 2.3 billion in the forecast period.
China showcased moderate growth at a CAGR of 6.8% from 2017 to 2021. It is projected to flourish at a CAGR of 8.2% from 2022 to 2032.
China is a predominant manufacturer of consumer electronics in the world. According to a recent report, China produced around 142 million smartphones in October 2022.
The country is also a significant producer of passenger cars in the world. It produced around 2.1 million cars in 2021. Hence, rising demand for passenger cars and consumer electronics in the country is projected to expand the market for display drivers during the assessment period.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Sales of Display Driver ICs to Expand with High Popularity of 4K and 8K Televisions
The display driver IC segment is projected to witness significant growth in the next ten years. It witnessed growth at a CAGR of 4.6% from 2017 to 2021. It is expected to propel at a CAGR of 6.4% from 2022 to 2032.
Display drivers are an essential component of an operating system as they allow the latter to communicate with the display. Display driver is a semiconductor that has an integrated circuit, which controls display panels.
Demand for display driver ICs has expanded due to the adoption of automotive displays in cars. Increasing demand for smart 4K and 8K televisions among the millennial population would also aid sales.
In 2019, there were around 200 million smart TVs sold worldwide. This number is projected to expand to 266 million units by 2025.
Similarly, there were around 78 million cars manufactured in 2020 globally. It rose to 80 million units in 2021. Rising demand for passenger cars and automotive displays is projected to broaden the display driver IC segment.
Graphics Drivers to Witness Exponential Demand from Smartphones Companies Worldwide
Smartphones are projected to witness prominent growth over the next ten years by device. The segment witnessed growth at a CAGR of 4.5% from 2017 to 2021. It is likely to elevate at a CAGR of 6.2% from 2022 to 2032.
Rising demand for smartphones is due to the rapid advancement in technologies. Numerous smartphone manufacturers are releasing new phones at an affordable price that is accessible to all.
Along with making smartphones accessible, there is also rising investments from the governments to improve the telecom infrastructure. Expansion of 5G technologies is further expanding the market for smartphones across the world. High disposable income of millennials has led to people wanting to buy smartphones more than ever before.
There were around 1.4 billion smartphones sold in the world in 2021. It is projected to reach 1.5 billion by the end of 2028. Hence, rising demand for better smartphones is projected to expand the segment throughout the forecast period.
Leading players in the market are currently investing heavily in the development of new types of display drivers. A few players in the market are collaborating with local companies for conducting research. They want to discover new technologies that can improve the quality of display and improve their product portfolios.
A few of the recent developments in the display driver market are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 8.3 billion |
| Projected Market Valuation (2032) | USD 16.0 billion |
| Value-based CAGR (2022 to 2032) | 6.8% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD billion) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Covered | USA, United Kingdom, Germany, France, Spain, Italy, Japan, China, Singapore, Malaysia, Sri Lanka, Kingdom of Saudi Arabia, United Arab Emirates, South Korea, Finland, Hungary, Rest of the World |
| Key Segments Covered | Driver Type, Devices, Package Type, Display Technology, Region |
| Key Companies Profiled | Mediatek; Fitipower Integrated Technology; Rohm Semiconductor; Novatek Microelectronics; Synaptics; Himax Technologies; LG; Sitronix Technology; Raydium Semiconductor; Magnachip Semiconductor; Focaltech; Samsung Electronics |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The display drivers market was valued at USD 8.3 billion in 2022.
Mediatek, Fitipower Integrated Technology, and Rohm Semiconductor are the leading industry players.
The display drivers industry is set to surge at a CAGR of 6.8% from 2022 to 2032.
United States is anticipated to generate USD 2.3 billion revenue by 2032.
Growing demand for smartphones is a top trend in the market growth.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Driver Type 5.1. IC 5.2. Touch and Integration 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Devices 6.1. Smartphones 6.2. Tablets 6.3. Smart Wearables 6.4. TV 6.5. Automotive Display 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Package Type 7.1. Chip-On-Glass 7.2. Chip-On-Film 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Display Technology 8.1. Liquid-Crystal Display (LCD) 8.2. Organic Light-Emitting Diode (OLED) 8.3. Others 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. Middle East and Africa 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Mediatek 17.2. Fitipower Integrated Technology 17.3. Rohm Semiconductor 17.4. Novatek Microelectronics 17.5. Synaptics 17.6. Himax Technologies 17.7. LG 17.8. Sitronix Technology 17.9. Raydium Semiconductor 17.10. Magnachip Semiconductor 17.11. Focaltech 17.12. Samsung Electronics 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Technology Insights
View Reports
Display Drivers Market
