Display Power Management IC Market Analysis and Forecast, 2023-2030 | Chipone, Richtek, Novatek

PRESS RELEASE
Published November 7, 2023

Infinity Business Insights (IBI) conducted a comprehensive study of the Display Power Management IC Market from 2023 through the analysis period spanning 2030.

The Display Power Management IC (Integrated Circuit) market is a critical segment within the electronics industry, focused on optimizing power consumption in displays of electronic devices. These specialized ICs are designed to efficiently manage the power supply and distribution to various components of a display, including backlighting, drivers, and touch panels. Display Power Management ICs play a pivotal role in extending battery life, reducing heat generation, and enhancing overall energy efficiency in devices such as smartphones, tablets, laptops, and televisions. With the growing demand for portable and energy-efficient electronic devices, the market for Display Power Management ICs has witnessed significant growth.

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The global display power management IC (PMIC) market is expected to reach a value of USD 2.42 billion by 2030, growing at a CAGR of 9.3% from 2023 to 2030.

Top Leading Companies of Global Display Power Management IC Market are Chipone Technology, Richtek Technology, GMT, Silergy Corp, Novatek, Himax, TI.

Display Power Management IC Market Future Scope:

The future of the Display Power Management IC market is promising, with a trajectory towards higher integration, advanced power management algorithms, and compatibility with emerging display technologies. As displays continue to evolve, the demand for ICs with improved power efficiency, dynamic voltage scaling, and support for advanced display features like high refresh rates and HDR (High Dynamic Range) is expected to grow. Additionally, advancements in semiconductor technology and the adoption of advanced packaging techniques are anticipated to shape the future of Display Power Management ICs, enabling more compact and energy-efficient IC designs. The trend towards flexible and foldable displays, as well as the integration of displays in wearable and IoT (Internet of Things) devices, may also become more prominent in the coming years. 

Market Segmentation:

By Types:

PMIC
OP
P-Gamma
Others

By Application:

Mobile Phone
Tablet
TV
Monitor
Notebook
Others

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Country Covered:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

Display Power Management IC Market Competitive Analysis:

The Display Power Management IC market is characterized by strong competition, with a diverse array of established semiconductor companies, display technology providers, and specialized IC manufacturers vying for market share. Key players differentiate themselves by offering a range of power management ICs optimized for specific display technologies, sizes, and device types. Additionally, forming strategic partnerships with display manufacturers, device OEMs (Original Equipment Manufacturers), and system integrators is crucial for gaining a competitive edge. Companies that focus on providing reliable, high-performance Display Power Management ICs that meet the evolving demands of the electronics industry are likely to maintain a strong market presence.

Market Challenges:

The Display Power Management IC market faces several challenges, including the need to adapt to rapidly evolving display technologies and the varying power requirements of different device form factors. Ensuring compatibility with a wide range of display sizes, resolutions, and refresh rates can be a complex task. Additionally, addressing concerns related to thermal management, voltage regulation, and power conversion efficiency poses a challenge for IC manufacturers. Educating device manufacturers about the benefits of using advanced Display Power Management ICs and demonstrating a clear return on investment in terms of extended battery life and improved energy efficiency is a critical hurdle to overcome. Balancing customization with scalability and standardization to meet the diverse needs of different electronic devices and applications is another challenge in this dynamic market. Addressing these challenges will be essential for sustained growth and success in the Display Power Management IC sector.

Display Power Management IC Market Recent Development:

Recent developments in the Display Power Management IC market have seen a surge in technological innovations to address emerging challenges in power efficiency and management. This includes the development of ICs with advanced power gating techniques, advancements in adaptive brightness control algorithms, and the integration of AI-driven power optimization features. Moreover, the adoption of advanced process nodes and low-power design methodologies has gained traction, enabling ICs with higher energy efficiency and reduced standby power consumption.

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