Display Driver Chip Producers and Display Driver Chip Market Trend
The global display driver chip market has witnessed significant growth over the years, driven by technological advancements in the display industry. Display driver chips play a crucial role in enabling the operation of various display technologies, including LCD, TDDI, and OLED. According to HDIN Research, LCD driver chips hold the largest market share at 76.3%, followed by TDDI driver chips at 12.2%, and OLED driver chips at 11.5%.
LCD driver chips, which are primarily utilized in liquid crystal displays, have emerged as the dominant force in the market. These chips facilitate the control and synchronization of millions of pixels, ensuring high-quality and vibrant visual experiences. With a substantial market share, LCD driver chips continue to be the preferred choice for a wide range of applications, including televisions, computer monitors, smartphones, and automotive displays.
TDDI driver chips, also known as touch and display driver integration chips, have gained prominence in recent years. These chips combine the functionalities of touch controllers and display drivers into a single integrated circuit. The TDDI technology simplifies the manufacturing process, reduces the overall component count, and enhances the touch responsiveness of displays. As a result, TDDI driver chips are widely adopted in smartphones and tablets, contributing to their 12.2% market share.
OLED driver chips are specifically designed for organic light-emitting diode displays, which offer superior contrast ratios, color reproduction, and energy efficiency. The OLED technology is gaining traction in applications such as smartphones, televisions, wearables, and automotive displays. With an 11.5% market share, OLED driver chips are increasingly being incorporated into next-generation displays to meet the growing demand for enhanced visual experiences.
Between 2018 and 2023, the global display driver chip market is projected to witness substantial growth, with market revenues expected to reach $11.2 billion by 2023. This represents a compound annual growth rate (CAGR) of 12.9% during the forecast period. Looking ahead, it is estimated that by 2028, the market will further expand to $13.3 billion, with a CAGR of 3.5% from 2023 to 2028.
Various suppliers actively participate in the display driver chip market to meet the rising demand. Major players in the industry include well-established companies such as MediaTek Inc., Synaptics Incorporated, Novatek Microelectronics Corp., Samsung Electronics Co., Ltd., and others. These suppliers invest in research and development activities to introduce innovative solutions, enhance performance, and cater to evolving market requirements.
The market for display driver chips exhibits a global presence, with significant sales recorded across different regions. North America, Europe, Asia Pacific, and the rest of the world contribute to the market's growth. Asia Pacific dominates the market due to the presence of several prominent display manufacturers and the region's robust consumer electronics industry.
The continuous technological advancements in display technologies, along with the increasing demand for high-quality visual experiences, are expected to fuel the growth of the global display driver chip market. As the market expands, suppliers and manufacturers will continue to focus on developing advanced and efficient driver chip solutions to meet the evolving demands of consumers across various industries.