Display Driver Global Market Report 2024

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.

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 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 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.