The global LCD Segment Drivers market was valued at US$ 1482.3 million in 2022 and is projected to reach US$ 2355.9 million by 2029, at a CAGR of 6.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
LCD Segment Drivers support any static or multiplexed LCD containing up to a certain number of segments or icons. LCD Segment Drivers can be used in several markets such as consumer, metering, white goods, healthcare, battery operated products and also automotive applications.
An LCD segment driver is a chip or circuit that is used to control the segments of a liquid crystal display (LCD). LCDs are made up of a grid of pixels, each of which can be turned on or off to create an image. The segments are the individual lines or bars that make up each pixel. The LCD segment driver controls the voltage applied to each segment, which determines whether it is turned on or off.
This report aims to provide a comprehensive presentation of the global market for LCD Segment Drivers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LCD Segment Drivers.
This report contains market size and forecasts of LCD Segment Drivers in global, including the following market information:
Global LCD Segment Drivers Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global LCD Segment Drivers Market Sales, 2018-2023, 2024-2029, (M Units)
Global top five LCD Segment Drivers companies in 2022 (%)
Global key players of LCD segment drivers include NXP, ROHM, Microchip, Texas Instruments, etc. Global top five manufacturers hold a share over 47%. Japan is the largest producer of LCD segment drivers holds a share over 29%. In terms of product, max segment 100-500 is the largest segment, with a share over 58%. And in terms of application, the largest application is automotive, with a share over 36%.
We surveyed the LCD Segment Drivers manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
| Report Attributes | Report Details |
|---|---|
| Report Title | LCD Segment Drivers Market Size, Emerging Trends, Technological Advancements, and Business Strategies 2023-2032 |
| Market size in 2022 | US$ 1482.3 million |
| Forecast Market size by 2029 | US$ 2355.9 million |
| Growth Rate | CAGR of 6.8% |
| By Type |
|
| By Technology |
|
| By Application |
|
| Key players |
|
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
|---|---|
| Base Year | 2022 |
| Forecast Year | 2030 |
| Number of Pages | 100+ Pages |
| Customization Available | Yes, the report can be customized as per your need. |
Total Market by Segment:
Global LCD Segment Drivers Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global LCD Segment Drivers Market Segment Percentages, by Type, 2022 (%)
- Max Segment Below 100
- Max Segment 100-500
- Max Segment Above 500
Global LCD Segment Drivers Market, by Technology, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global LCD Segment Drivers Market Segment Percentages, by Technology, 2022 (%)
- Static drivers
- Multiplexed drivers
Global LCD Segment Drivers Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global LCD Segment Drivers Market Segment Percentages, by Application, 2022 (%)
- Automotive Industry
- Industrial Industry
- Consumer Electronics
- Others
Global LCD Segment Drivers Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Units)
| Asia Pacific | 45% | Asia Pacific is the largest market for LCD segment drivers because it is home to some of the world’s largest consumer electronics manufacturers, such as Samsung, LG, and Sony. These manufacturers use LCDs in a wide variety of products, including smartphones, tablets, TVs, and laptops. |
| North America | 30% | North America is the second-largest market for LCD segment drivers. The region is home to a number of major semiconductor companies, such as Texas Instruments and Analog Devices. These companies manufacture LCD segment drivers for a variety of applications, including industrial, automotive, and medical. |
| Europe | 15% | Europe is the third largest market for LCD segment drivers. The region is home to a number of major consumer electronics manufacturers, such as Philips and Grundig. These manufacturers use LCDs in a variety of products, including TVs, laptops, and smartphones. |
| Rest of the World | 10% | The Rest of the World (ROW) market is expected to grow at the fastest pace in the coming years. This is due to the increasing demand for LCDs in emerging markets, such as China and India. These markets are home to a growing middle class with disposable income, which is driving the demand for consumer electronics products that use LCDs. |
Global LCD Segment Drivers Market Segment Percentages, By Region and Country, 2022 (%)
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies LCD Segment Drivers revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies LCD Segment Drivers revenues share in global market, 2022 (%)
Key companies LCD Segment Drivers sales in global market, 2018-2023 (Estimated), (M Units)
Key companies LCD Segment Drivers sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- NXP
- ROHM
- Microchip
- Texas Instruments
- Renesas Electronics
- Analog Devices (ADI)
- Onsemi
- Seiko Epson
- Nisshinbo Micro Devices
- Holtek
- Novatek
- Sitronix Technology
- UltraChip
- Holtek Semiconductor
Recent Developments:
- NXP Semiconductors launched a new line of LCD segment drivers on March 8, 2023. The new drivers are designed for use in high-resolution displays and are said to be more power-efficient than previous generations of drivers.
- ROHM Semiconductor announced a new line of LCD segment drivers on February 25, 2023. The new drivers are designed for use in automotive applications and are said to be able to operate in harsh environments.
- Microchip Technology introduced a new line of LCD segment drivers on January 20, 2023. The new drivers are designed for use in wearable devices and are said to be small and low-power.
- Texas Instruments launched a new line of LCD segment drivers on December 15, 2022. The new drivers are designed for use in industrial applications and are said to be able to operate in harsh environments.
LCD segment market Drivers:
- The escalating demand for LCDs in smartphones and tablets is a key driver. Projections indicate that the global smartphone market is set to grow at a compounded annual growth rate (CAGR) of 10% between 2022 and 2028. Similarly, the global tablet market is anticipated to witness a CAGR of 7% during the same period.
- The surge in demand for LCDs in televisions (TVs) is another significant growth factor. The global TV market is expected to experience a CAGR of 5% from 2022 to 2028.
- The adoption of LCDs in emerging markets presents a noteworthy trend fostering market growth. Emerging economies such as China, India, and Brazil are poised for robust growth in the LCD segment drivers market.
- Technological advancements in LCD technology are fueling market expansion. Innovations like high-definition (HD) and ultra-high-definition (UHD) are driving the demand for LCDs with higher resolutions.
LCD segment market Restraints:
- Intensified competition from China poses a significant challenge. China, being a major producer of LCD segment drivers, has an advantage in terms of offering competitive prices, which affects the market dynamics.
- The escalating cost of raw materials represents another obstacle. The prices of essential raw materials such as silicon and copper are rising, thereby increasing the overall cost of manufacturing LCD segment drivers.
- The short product life cycles of LCDs present a persistent challenge. LCDs have relatively brief life cycles, necessitating continuous product development to cater to evolving consumer needs and preferences.
- The growing demand for OLED displays adds complexity to the LCD segment drivers market. OLED displays are gaining popularity due to advantages like improved contrast and wider viewing angles, posing a challenge for LCDs to maintain their market share.
