Display Driver IC Market to Reach $7.3 Billion in 2018, DisplaySearch Says

DisplaySearch sees the display driver chipset market rising to $7.3 billion globally in 2018, up from $6.4 billion in 2012, the company said Wednesday in trumpeting sales of a new research package called the Driver IC Technology and Market Forecast Report. Growth will be based on higher average selling prices for higher resolution panels and more integrated functions in the driver ICs themselves, it said. "Increases in OLED panel shipments for LCD TVs and smartphones are also helping to stimulate growth." Demand for smartphone panel source driver ICs is expected to triple between 2012 and 2018, with revenue reaching $325 million in 2018, it said. "Semiconductor makers are increasingly adding functions previously used on CPUs for small and medium panel driver ICs."