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On September 11, data from CINNO • IC Research revealed that the market size for power management chips tailored for large-size display panels in mainland China hit around RMB 2.49 billion in 2024, fueled by a demand for roughly 1.08 billion units. Over the period from 2022 to 2024, the market size experienced growth rates of -4.4%, -11.8%, and 7.8% respectively, whereas the demand growth rates stood at -2.9%, -8.9%, and 8.7% correspondingly. Projections indicate that by 2025, the market size is expected to escalate to approximately RMB 2.72 billion, with demand surging to about 1.13 billion units. Furthermore, by 2028, the market is anticipated to expand even further, reaching around RMB 2.93 billion, with a corresponding demand for approximately 1.26 billion units.
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