Display driver IC demand is forecast to grow by 3% YoY in 2023
After surging growth in the past two years, the DDIC market is facing a sharp decline in 2022. According to Omdia’s latest forecast in Display Driver IC Market Tracker, the total demand forecast for DDIC in 2022 is expected to decrease by 12% YoY, reaching 7.8 billion units. Demand for all the main applications is declining this year, including notebook PCs, monitors, tablets, LCD TVs, and smartphones. Large -sized DDIC demand, which accounts for 70% of total DDIC demand, will decline by 12% YoY, of which LCD TV demand will decline by 12%. In the small and medium-sized DDIC category, smartphone demand (including both LCD and AMOLED displays) is forecast to decrease by 17%, and the overall demand for small and medium-sized DDIC will decline by 12% YoY.
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