Overview:
Automotive display driver IC is one of the most promising segments of the overall display driver’s vertical, considering the rapidly growing penetration of vehicle infotainment systems worldwide. Growing adoption of electronic displays in automotive sector is creating huge market potential for automotive display driver ICs. Consistently rising automotive industry and increasing demand for connected and safe vehicles are some of the factors escalating demand for automotive display driver IC. Electronic displays in automotive offers connectivity and safety by providing features including cellular voice connection and navigation, thereby pushing the demand for driver display ICs.
Increasing market demand for large and ultra HD displays coupled with declining prices of LCD and TFT (Thin Film Transistor) displays form major factor supporting the market growth. Additionally, initiatives such as CARS 2020 which is implemented by the European countries is also being followed by other countries to ensure vehicle safety and welcome new technologies in automotive sector. Rising inclination towards smart devices such as HUDs, advanced infotainment system and telematics among others are expected to set automotive display driver ICs market to rise during the forecast period from 2018-2026.
Automotive display driver IC market is segmented by type into self-erecting, flat top, hammerhead and luffing jib automotive display driver ICs. At present, flat top and luffing jib automotive display driver ICs lead the global market owing to its incremental demand for luxury cars and tower cranes. These are conventional type of displays hence witness higher demand in overall automotive display drivers ICs market. Self-erecting automotive display driver IC is also expected to witness growth in forecast period from 2018-2026.
Europe is expected to continue its dominance in the global automotive display driver ICs market, due to continuous adoption of advanced automotive solutions including connected devices and cloud powered automotive services. Asia Pacific is also expected to register high growth in the global automotive display driver IC market in coming years. Presence of some of the largest automotive manufacturing countries including China, Japan and South Korea allows Asia Pacific to expect incremental growth during the forecast period.
The global automotive display driver IC market is segmented on the following basis:
Key players identified in automotive display driver IC market include but are not limited to:
Renesas Electronics Corporation, Texas instruments, Inc., NXP Semiconductors, ON Semiconductors, Linear Technology, LAPIS Semiconductor Co. Ltd., Himax Technologies, Inc., Orise Technology Co., Ltd., Novatek Microelectronics Corp., Fitipower Integrated Technology, Inc., Raydium Semiconductor Corp. and SILICON WORKS among others.
