According to industry analysis, the mainland China large-size display panel power management integrated circuit (PMIC) market is maintaining steady growth, driven by sustained end-demand and the deepening of domestic substitution. Latest statistics indicate that by 2025, the mainland China large-size PMIC market will expand to approximately 2.57 billion yuan, reflecting a slight year-on-year increase of 3.5% compared to 2024. The local leader, CHIPONE, continues to lead the sector, maintaining the top market share position for five consecutive years. Industry concentration is increasing further, with growth momentum expected to be sustained over the next five years. The market size for large-size PMICs is projected to approach 3.4 billion yuan by 2030.
The core drivers of growth in the PMIC industry currently center on the dual forces of capacity expansion in advanced-generation production lines and technological iteration. In the LCD sector, high-generation lines such as G10.5/11 and G8.5/8.6 continue to ramp up production capacity, further enhancing the supply capability for large-size TVs and commercial display panels. This, in turn, boosts demand for high-current, multi-channel, and highly integrated power management chips. By early 2026, major panel manufacturers are significantly increasing investments in high-generation OLED production lines. For instance, Boe Technology Group Co.,Ltd. has invested a total of 63 billion yuan in its relevant production line, Tcl Technology Group Corporation's TCL CSOT t8 project involves a phase-one investment of 29.5 billion yuan, and Samsung Display's related line investment amounts to 22.4 billion yuan. These investments are accelerating the penetration of OLED technology into the medium and large-size segments, driving power management chips towards higher precision and lower power consumption, which serves as a key engine for the industry's next wave of growth. Specifically, Boe Technology Group Co.,Ltd.'s Chengdu G8.6 Gen AMOLED production line successfully lit its first product by the end of 2025 and plans mass production for 2026. TCL CSOT's t8 printed OLED line and Visionox's Hefei 8.6 Gen ViP OLED line are progressing steadily. Concurrently, Samsung Display is advancing its G8.7 Gen IT OLED production line, which began trial operations by the end of 2025 and is scheduled for full mass production in the second quarter of 2026.
From a market development trajectory perspective, the PMIC industry experienced a strong rebound starting in 2023 following a period of adjustment. Latest statistical data shows the mainland China large-size PMIC market reached 2.57 billion yuan in 2025, a 3.5% year-on-year increase. Looking ahead, with the gradual mass production of high-generation OLED lines, the proliferation of low-power technologies, and the explosion in AI computing demand, the market is expected to continue its steady expansion. The market size is forecast to reach 3.1 billion yuan by 2030, indicating a clear long-term growth trend and entry into a high-quality growth cycle.
Current industry trends are shaped by three factors: cost pressures, the domestic substitution process, and display technology iteration. This has led to two clear development directions: integration and product diversification. These trends continuously drive product innovation and optimize the market landscape, adapting to the evolving demands of new display applications like high-generation OLED and Mini LED, thereby injecting sustained momentum into industry growth. Faced with dual requirements from terminal manufacturers for cost pressure and performance upgrades, N-in-1 integrated solutions have become the core technical direction for panel PMICs in 2025. Among these, two-in-one and three-in-one solutions have achieved widespread adoption first and become mainstream. Specifically, the two-in-one solution integrates the PMIC with the gamma correction chip (P-Gamma), simplifying the core circuit layout. The three-in-one solution further integrates the PMIC, P-Gamma, and level shifter chip into a single package, achieving multi-module functional integration. These highly integrated solutions significantly streamline the circuit design process, save PCB space, reduce chip power consumption and pin count, thereby lowering the overall production cost of end products while enhancing the stability and response speed of power control. They are well-suited for the narrow bezel GOA technology and UHD high refresh rate requirements of large-size, high-resolution display panels and have become the preferred power solution for mainstream medium and large-size display products.
Latest statistics reveal that market concentration in the mainland China large-size display panel (including TVs, desktop monitors, and laptops) PMIC market continued to increase in 2025. Comparing market shares from 2024 to 2025, the competitive landscape is characterized by domestic leaders setting the pace and rising industry concentration. The combined market share of the top five manufacturers rose to 72.0% in 2025, an increase of 1.8 percentage points year-on-year, indicating further concentration of market resources towards leading players and a more pronounced head effect. The top five manufacturers in 2025 were, in order: CHIPONE, Novatek, Richtek, Silergy, and ESWIN.
No. 1 CHIPONE: As the local leader, its market share remains high. It held a 25.2% share in 2024 and 21.7% in 2025, a decrease of 3.5 percentage points year-on-year, yet it still ranks first in the industry. CHIPONE's sustained growth is primarily attributed to its advantage of offering a full industry chain product portfolio in the display sector—providing a "one-stop" solution including display driver ICs (DDI), touch and display driver integration (TDDI), and power management ICs (PMIC). This facilitates co-design optimization of its PMIC products with its own driver ICs, enhancing overall performance and stability. Furthermore, the company has deep partnerships with major local panel makers like Boe Technology Group Co.,Ltd., leveraging rapid local service, responsiveness, and strategic positioning in new technology areas like Mini LED to continuously benefit from the domestic substitution strategy. Additionally, its products are highly compatible with the production line requirements of companies like Boe Technology Group Co.,Ltd. and TCL CSOT amid the expansion of domestic high-generation OLED lines, further solidifying its leading industry position.
No. 2 Novatek: As a leading display driver IC design house from Taiwan, China, Novatek achieved a slight increase in market share, rising from 16.0% in 2024 to 18.4% in 2025, a growth of 2.4 percentage points year-on-year, steadily consolidating its position as the industry's second player. This is thanks to its profound technical expertise and bundle sales strategy with its own driver ICs. Its products are widely used in high-end and flagship devices, enjoying stable market recognition.
No. 3 Richtek: Its market share remained largely stable compared to 2024, holding at 11.3% in both years. While affected by intensified industry competition and pressure from leading players, it maintains its third-place ranking based on its technological accumulation.
No. 4 Silergy: As a specialized analog chip manufacturer focused on mixed-signal and analog ICs, Silergy experienced a slight dip in market share, decreasing from 10.9% in 2024 to 10.7% in 2025, a drop of 0.2 percentage points year-on-year, but overall maintains a stable fourth position in the industry.
No. 5 ESWIN: Its market share jumped from 6.8% in 2024 to 9.9% in 2025, successfully breaking into the top five. This growth is mainly due to the company's full industry chain layout in display interaction solutions, covering display drivers, timing controllers, and power management ICs. Its products cater to multi-scenario large-size display demands, and it has accurately capitalized on domestic substitution opportunities by deepening cooperation with local panel manufacturers, achieving rapid market share gains.
In summary, the mainland China large-size display panel PMIC market currently exhibits a typical pattern of leadership by top players. Looking forward, as high-generation OLED lines enter concentrated mass production, domestic substitution deepens, and technical barriers continue to rise, market resources are expected to further concentrate towards leading enterprises, with industry concentration likely to keep increasing. Concurrently, low power consumption, high integration, and high voltage are becoming core product development directions. The release of demand from emerging applications such as automotive displays and AI PCs will provide sustained growth momentum for the industry, enhancing mainland China's competitiveness in the global large-size display panel PMIC sector and facilitating a comprehensive upgrade from "strong screens" to "a strong supply chain."
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