The Global Display Driver Integrated Circuit Market is projected to expand at a robust CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to rising demand for LCD panels in smart watches, smart phones, televisions, and other electronic devices.
Display driver is a semiconductor with an incorporated circuit that acts as a line between LCDs and microprocessors. It delivers an electric current to start the pixels within the LCD, once an image is transmitted to the device. The display driver accepts data and commands using parallel or serial interface and produces signals with appropriate current, voltage, and timing to display the desired image or text. It consumes low power and minimizes heat while displaying a vibrant image. A remarkable example of display driver integrated circuit is Hitachi HD44780 LCD controller. Other controllers include KS0108, ST7920, and SSD1815.
Market Trends, Drivers, Restraints, and Opportunities:
- Display driver integrated circuit holds a significant share in the semiconductors industry, attributed to increasing demand for high-resolution displays.
- Old-fashioned gate driver technology has been replaced by modern display driver integrated circuit technology, due to rising demand for high-quality display with clear images.
- The current trend of smartphone DDIC with and without touch controllers is anticipated to drive the display driver integrated circuit market.
- Increasing demand for integrated functions and high resolution are expected to fuel the market.
- Rising demand for touch-enabled displays in consumer devices and displays is estimated to fuel the market.
Global Display Driver Integrated Circuit Market Segment Insights:
LED DDIC is expected to grow at a rapid pace during the forecast period
Based on technology, the global display driver integrated circuit market is bifurcated as LED DDIC and touch controller IC (TCIC). LED DDIC is widely used in products such as LED TVs, street lighting, signage billboards, and mobile phones.
The small display segment is anticipated to hold a key share in the market
On the basis of applications, the global display driver integrated circuit market is fragmented as small, medium, and large displays. The small display segment is expected to expand at a robust CAGR during the forecast period. Small displays are included in smart watches, smart phones, digital cameras, MP3 players, gaming devices, PDAs, GPS, and digital photo frames. Medium-sized displays include application in monitors, laptops, notebooks, and television. Large-sized displays include application in billboards, signage, and others.
The LED segment is anticipated to rise at a rapid pace during the forecast period
In terms of display type, the global display driver integrated circuit market is classified as LCD, LED, and OLED. Rising demand for LED display, among major manufacturers of smartwatches and TVs, is expected to propel the growth of the LED segment. Hence, the LED segment is expected to hold a key share of the market.
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