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LCD Driver Market Outlook – 2030
LCD driver is a type of driver for a liquid crystal display. It is a type of semiconductor integrated circuit that is utilized to manage and power LCD displays. It enables communication between LCD components such as microcontrollers and microprocessors. LCD controllers and LCD display drivers are other terms for the same thing. It sends out drive signals and can be cascaded for larger LCD displays.
LCD display drivers manage the complex AC voltage requirements of liquid crystal displays and collaborate with an LCD controller to keep the drive circuitry refreshed with pixel information. Several display drivers have been developed to work with a wide range of microprocessors and microcontrollers, as well as a large range of LCD display types.
LCD drivers are becoming more widely used in applications such as industrial, automotive, white goods, digital signage, and medical displays, which is propelling the market forward. Expanding demand for active-matrix LCD (AMLCD), increased acceptance of LCD drivers in Smartcards, and growing improvements in LCD technology for use in automotive vehicle headlight applications are expected to boost the LCD driver market growth.
The global LCD driver market is segmented on the basis of product type, application, and region. Based on product type, the market is segregated into LCD character driver, LCD graphic driver, tubes, and others. In terms of application, the market is categorized into industrial displays, telecom product displays, consumer product displays, automotive dashboard displays, panel meters, portable system displays, and optical displays. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global LCD driver industry include Samsung Electronics Co. Ltd., LG Display Co. Ltd., Raio Technology Inc., Toshiba Corporation Inc., Novatek Microelectronics Corporation, Seiko Epson Corporation, Digital View Inc., Solomon Systech Limited, SEOUL Semiconductors, and Renesas Electronics Corporation. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
Top Impacting Factors
The growing demand for LCD drivers in the automotive, industrial, and portable equipment markets is a primary growth driver for the LCD driver market. As a result of the chip on glass module, which allows the LCD driver to be mounted directly on the overlapping edge of the glass plates, the integrated display is less thick, which is one of the important factors expected to fuel the growing demand for LCD drivers throughout the projected period.
In addition, rising demand for LCD drivers for use in EL panels for translative and transmissive displays is expected to boost the demand in the future. This, in turn, is expected to have a favorable impact on the LCD driver market share during the forecast period. The increased cost and thickness of the device display in compared to other modules are major difficulties in the LCD driver market trends.
Due to the larger number of tracks required in LCD drivers compared to other types of modules, the LCD driver market opportunity is likely to decline and fluctuate in growth rate. Furthermore, global financial uncertainties and macroeconomic problems, such as currency exchange rate changes and economic challenges, are some of the primary reasons impeding the LCD driver market growth.
New Product Launches to Flourish the Market
Vehicle makers throughout the world are looking for innovative methods to employ LCD drivers and other technology to make vehicles, drivers, and roadways safer. Conformed displays, for example, provide road hazard information directly from the source of the hazard, allowing drivers to react more naturally.
Beyond the center console and instrument panel, LCD module producers may create displays that naturally follow curved car surfaces and are also considering using camera-display combinations instead of door mirrors to improve visibility and provide additional information to drivers.
Apart from that, there is an increasing desire for even better infotainment screens. With crystal-clear resolutions and color, an LCD manufacturer's touch-screen display can be personalized based on compatible apps. Physical buttons have fallen out of favor with drivers and as a result, several car manufacturers are replacing LCD touchscreen displays from physical buttons to regulate input.
Key Benefits of the Report
COVID-19 Impact Analysis
The COVID-19 pandemic has slowed the growth of several sectors, including automobiles, oil and gas, and others. The market is being driven by increased demand for display-based medical equipment, such as ventilators and respirators, as a result of the COVID-19 epidemic. Whereas LCD drivers’ makers are having difficulty manufacturing and supplying their goods due to supply chain issues.
COVID-19 has had the greatest impact on display production in China. Manufacturers were only authorized to use 70 to 75% of their capacity, as opposed to the regular rate of 90 to 95%. Omdia Display, a Chinese display manufacturer, for example, predicts 40% to 50% decline in overall display production due to manpower shortages, logistics support shortages, and quarantine procedures. All these factors are hampering the growth of the market globally.
Questions Answered in the LCD Driver Market Report
Key Market Segments
Key Market Players