Display Integrated Circuit Market to Grow with a CAGR of 13.04% Globally through to 2031
Display Integrated Circuit is increasing due to rising
adoption of advanced display technologies across various industries in the
forecast period, 2024-2028.
According to TechSci Research report, “Global Display
Integrated Circuit Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2031" The Global Display Integrated Circuit Market will grow from USD 567.79 Billion in 2025 to USD 1184.62 Billion by 2031 at a 13.04% CAGR.
Global Display Integrated Circuit market has witnessed
significant growth over the past year, driven primarily by increasing adoption
across various industries globally. Critical infrastructure sectors like public
safety, transportation and utilities have increasingly recognized the strategic
importance of reliable and secure display IC networks to support
mission-critical operations.
Agencies are partnering with leading semiconductor
companies to develop integrated solutions offering capabilities like real-time
data sharing, mobile command centers and predictive analytics. This allows
field workers to leverage real-time insights through mobile devices to
effectively handle time-sensitive situations. Technologies leveraging data such
as IoT, AI and computer vision are empowering organizations with customized,
data-driven strategies.
Ongoing R&D is fueling innovation in areas like
augmented reality, autonomous systems and advanced networking protocols. As
digital transformation of industrial and enterprise networks continues
globally, reliance on high-performance display ICs will further increase. This
positions the global display integrated circuit market for strong continued
growth in the coming years. The evolving needs of data-intensive industries are
expected to sustain long-term market opportunities.
Browse over XX market data Figures spread
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Integrated Circuit Market.”
The global display integrated circuit market is
segmented based on technology, display type, end-user industry and region.
In terms of technology, the market is segmented into
LCD driver ICs, OLED driver ICs, LED driver ICs, microLED driver ICs and
e-paper driver ICs. Among these, LCD driver ICs dominated with a share of over
40% in 2022 owing to widespread adoption of LCD displays across industries.
However, OLED driver ICs are expected to witness the fastest growth during the
forecast period due to increasing OLED penetration in high-end smartphones and
TVs.
Based on display type, the market is classified into
small and medium-sized displays, large displays, flexible displays, and
transparent displays. Small and medium-sized displays dominated with a share of
over 45% in 2022 driven by strong demand for smartphones, tablets and other
mobile devices. However, the flexible displays segment is likely to grow at the
highest rate during the forecast period.
In terms of end-user industry, the market covers
industrial and manufacturing, electronics and semiconductor,
telecommunications, healthcare, aerospace and defense, retail and hospitality
and others. The industrial and manufacturing segment holds the major share due
to extensive integration of display ICs in industrial automation equipment.
Going forward, the healthcare segment is expected to witness significant growth
owing to rising adoption of medical displays and imaging equipment.
Major companies operating in Global Display
Integrated Circuit Market are:
- Samsung Electronics
- Novatek Microelectronics
- Himax Technologies
- Silicon Works
- FocalTech Systems
- Synaptics
- Raydium Semiconductor
- Magnachip Semiconductor
- Solomon Systech
- Ultra Chip
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“Global Display Integrated Circuit market has
witnessed significant growth in recent years, fueled by rising digital
transformation initiatives among public sector agencies worldwide. Technologies
like IoT, cloud, AI and analytics are enabling agencies to leverage data-driven
insights more effectively.
Display Integrated Circuit solutions allow agencies to
optimize operations, generate predictive analysis, automate workflows and
ensure regulatory compliance through centralized data collection and analysis.
This helps agencies customize programs, streamline processes to reduce costs,
and strengthen controls.
Leading public sector organizations are partnering
with Display Integrated Circuit vendors to digitally transform core functions
supporting emergency response, healthcare services, transportation management,
and other operations. Solutions help improve response coordination, situational
awareness through personalized information access, and regulatory compliance
management.
Vendors continue investing heavily in developing
secure, interoperable mission-critical communications solutions tailored for
diverse public sector needs. Regulators are also establishing privacy, security
and network resiliency standards.
Backed by ongoing innovations in areas like
drone-based communications, vehicle-to-vehicle networks, AI analytics and
growing acceptance of data-driven strategies, analysts forecast continued
strong market expansion. As digital technologies become increasingly integral
to public sector functions, Display Integrated Circuits are cementing their
role as indispensable tools for optimizing operations and strengthening
community services. The long-term outlook for the market remains highly positive.”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Display Integrated Circuit Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Technology (LCD Driver ICs, OLED Driver ICs, LED Driver ICs, MicroLED Driver ICs, E-Paper Driver ICs), By Display Type (Small and Medium-sized Displays, Large Displays, Flexible Displays, Transparent Displays) By End-User Industry (Industrial and Manufacturing, Electronics and Semiconductor, Telecommunications, Healthcare, Aerospace and Defense, Retail and Hospitality), By Region, By Competition 2021-2031F”, has evaluated the future growth potential of Global
Display Integrated Circuit Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Display Integrated Circuit Market.
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