Press release
Global LCD Driver Market to Witness Increasing Demand from Diverse Industries
LCD drivers find increasing application in automotive designing. Besides this, their demand for the purpose of designing various portable and industrial equipment has increased as well. Driven by the rising application across diverse industries, the global LCD drivers market will exhibit positive growth between 2018 and 2026, finds a report, titled “LCD Driver Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” The report is currently available for sale on MarketResearchReports.biz. It offers a comprehensive overview of the global LCD drivers market, covering various factors enabling growth. A detailed reports of key threats is also included in the report. It is therefore intended to offer valuable market intelligence to stakeholders.
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The report expects that LCD drivers will be increasingly used in EL panel for transmissive and transflective displays. This is likely to give significant push to the global market in the coming years. Despite positive growth opportunities, the market is likely to be restrained by certain factors. For instance, an LCD driver requires a higher number of tracks compared to other types of modules. This may hamper the market’s trajectory to an extent. Furthermore, concerns pertaining to higher cost and thickness of displays may act as key constraints for the global LCD driver market. According to the report, the LCD driver market has a more complex inventory handling. In addition, the arrangement of PCB and LCD is erratic in LCD drivers, which is curtailing their demand to an extent.
According to the report, the global LCD driver market can be segmented in terms of supply voltage, product type, and geography. In terms of product, the global market can be segmented into VFD driver, TN/STN display driver, TFT driver, car clock driver, and OLED driver. Of these, the OLED driver segment is forecast to witness significantly high demand due to increasing use of OLED in diverse equipment. On the basis of supply voltage, the global market can be classified into 2.5 to 6 V, 1.8 to 5.5 V, and 9V.
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Regionally, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa constitute key segments in the global LCD driver market. Among these regions, North America is forecast to exhibit a high demand LCD drivers. The increasing adoption of latest technologies will boost the LCD driver market in North America. Besides this, the opportunities for the market to rise considerably across emerging nations. The rising awareness about latest technologies, besides increasing per capita income will support the market’s expansion in developing countries.
LG Display Co., Ltd., Samsung Electronics Co., Ltd., Toshiba Corporation, Raio Technology Inc., Cyviz As, Intersil Corpration, Novatek Microelectronics Corporation, and Texas Instruments, Inc. are some of the leading companies operating in the global LCD driver market.
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