Display Power Management IC Market is Expected to Reach $3,407.5 Million By 2026

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OVERVIEW

Display Power Management IC Market is expected to reach USD 3,407.5 million by the end of 2026.

Bizlytik analysts forecast the global Display Power Management IC market to grow at a CAGR of 4.9% during the forecast period, according to their latest market research report.

Display power management ICs are single chips that are integrated with multiple functions into devices that are used as display solutions, such as television, smartphones, laptops, and such others. The primary aim of using an IC for power management is to optimize space while ensuring high-performance memory to create end-products with advanced functionality.

The rising demand for energy-efficient mobile devices and high product incorporation among several display solutions are the influential primary factors that would bolster prospects of market growth during the forecast period. The high demand for energy-efficient consumer electronic goods, as well as computationally intensive platforms, have increased production of power management ICs that would help realize maximum performance over minimal energy wattage. The continued research and development efforts put into designing aesthetically pleasing systems and solutions would offer key manufacturers with extensive opportunities for robust product performance and business expansion in the coming years.

PMIC, OP, P-Gamma, and Others are covered in the Type segment of the market scope. In contrast, the application segment is categorized into Mobile Phone, Tablet, TV, Monitor, Notebook, and Others. The report covers the production volume by Application, with the volume expressed in Million Units. The Type segment is calculated both in terms of production value and volume.

The Mobile Phone volume by Application is estimated to reach 232.8 Million Units by 2026; growing at a CAGR of 4.9% from 2020 to 2026. The continued R&D efforts to develop power management chips that can fit into the sleek design dynamics of modern smartphones without any compromise in performance would ensure continued segment growth over the forecast period. The high volume of smartphone production and rising consumer expectations regarding display features of mobile devices would further influence sustained demand for display power management ICs.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia Pacific is a prominent regional market in terms of overall value and volume owing to the rapid rise in demand for display management ICs to be integrated into television sets and mobile devices, which have continued to witness sustainable growth in sales volume. The increased efforts of technological product innovation for display units in automotive electric vehicles and smart wearables would further ensure regional market growth during the forecast period.

The Display Power Management IC market is relatively fragmented, with several global and local players looking to expand manufacturing capabilities and product performance for sustained business expansion. The launch of new products after extensive efforts of development and expansion in manufacturing capabilities of high-performance ICs are the primary business strategies of the top players.

Novatek is one of the most significant companies of the global Display Power Management IC Market in terms of production volume, with Silergy Corp and Texas Instruments among many other vendors to hold substantial market share by volume and value.