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Display Driver IC Market Explores New Growth Opportunities

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The global display driver integrated circuit (DDIC) market is expected to witness substantial growth during the forecast period. Growing demand for electronic devices such as personal computers (PCs), televisions (TVs), smartphones, and others; increasing adoption of organic light-emitting diode (OLED) panels in display technology to enhance the integrated circuit (IC) capabilities are the prime factors propelling the growth of the market, globally.

On the basis of display type, the DDIC market is categorized into liquid crystal display (LCD), light-emitting diode (LED), OLED, and others, wherein others category includes thin film transistor (TFT), cathode-ray tube (CRT), and vacuum fluorescent display.

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Globally, the Asia-Pacific (APAC) DDIC market is predicted to witness the fastest growth during the forecast period, owing to the presence of major manufacturing hubs for display technologies in countries, such as China, Japan, South Korea, and Taiwan.

Rising smartphone penetration is a major driving force observed in the DDIC market across the world. Increasing disposable income, changing lifestyle of the people, and rising consumer spending on media and entertainment are the major factors propelling the smartphone penetration, globally.

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Some of the major players operating in the global DDIC market are Samsung Electronics Co. Ltd., Panasonic Corporation, Novatek Microelectronics Corp., Himax Technologies Inc., Silicon Works Co. Ltd., NXP Semiconductors N.V., Synaptics Incorporated, MagnaChip Semiconductor Corporation, Infineon Technologies AG, and Rohm Semiconductor Co. Ltd.

This post was originally published on Space Market Research

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