Omdia analyses LCD and OLED driver IC markets

NexChip secured the largest market share in the large-area display and LCD driver IC segments, while Samsung Foundry leads the AMOLED DDIC market solidifying their positions as key players in this competitive landscape.

Omdia's report highlights that these Chinese foundries achieved a significant 55% market share in the large-area DDIC sector in 2Q24 marking the first time they surpassed this threshold and maintained a 49% share in 3Q24. NexChip's dominant 42% share in the large-area DDIC market in 3Q24 contributed to its leading position in this segment. Taiwanese foundries, including UMC, Vanguard, and PSMC, closely followed with a combined market share of 38%. The increasing presence of Chinese foundries in this sector has reshaped the market dynamics.

Figure 1: Large-area DDIC wafer input share trend by region and market share by foundry makers in 3Q24 (equivalent 8'')

In the small and medium-sized display market, NexChip held the largest share in the LCD driver IC segment in 3Q24 while, Samsung Foundry strengthened its position in the AMOLED driver IC sector. Samsung Foundry's leadership in the AMOLED driver IC segment was driven by its relationship with Samsung LSI, enabling it to capture a 31% share in 3Q24. Meanwhile, TSMC's share increased to 17%, buoyed by LX Semicon’s production for the iPhone 16 series. UMC’s share reached 26% in 3Q24 and Novatek is its largest customer. UMC’s share is projected to grow due to ongoing order adjustments from Samsung LSI. Both Samsung Foundry and UMC are supplying DDICs to iPhone and other smartphone brands while TSMC mainly serves the iPhone market. Other notable players, such as SMIC and GlobalFoundries, continued to hold strong positions in the AMOLED market.

Figure 2: LCD driver IC (HV55-HV90nm) and AMOLED driver IC (HV28-HV40nm) wafer input market share in 3Q24

“The rapid growth and competition among Chinese, Taiwanese, and South Korean foundries indicate an ever-evolving display driver IC market. Omdia anticipates that key players will continue to play pivotal roles as the industry expands, with new innovations and partnerships redefining the industry,” said Queenie Jiang Senior Analyst for Omdia’s Display Driver IC research.