Display Driver Market 2020 Global Analysis by Size, Share, Industry Growth, Top Key Companies, Business Strategies, Emerging Technologies And Forecast 2023

Global Display Driver Market

According to Market Research Future (MRFR), the global display driver market is expected to reach a substantial market valuation of USD 8.93 billion by the end of the review period at a considerable CAGR of 7.16%.

The increasing demand for LCD panels for mobile devices, PC monitors and TVs, along with a rising number of display manufacturers emerging in the global market, are some of the factors driving the growth of display driver market. Wearables and AR/VR devices are witnessing rapid adoption, thus leading to the increasing demand for flexible displays and OLED, and consequently, display drivers. the growing need for enhanced safety and comfort in automobiles has led to an increase in the applications such as telematics, advanced infotainment systems, and heads-up displays, which are being used increasingly in passenger vehicles. in addition, governments in various countries across the world are implementing vehicle regulations for safety and security, along with introducing regulations for climate control.

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Key Players

Some of the key players acknowledged by MRFR in the global market for display drivers is Himax Technologies, Inc. (Taiwan), FocalTech Systems Co., Ltd. (Taiwan), MagnaChip Semiconductor Corporation (South Korea), MediaTek Inc. (Taiwan), Novatek Microelectronics Corporation (Taiwan), Fitipower Integrated Technology Inc. (Taiwan), Raydium Semiconductor Corporation (Taiwan), Samsung Electronics Co., Ltd. (South Korea), Sitronix Technology Corporation (Taiwan), Silicon Works Co., Ltd. (South Korea), Synaptics Inc. (US), and ROHM Semiconductor (Japan).

Segmental Analysis

Based on the type, the display driver market is segmented into display driver IC and touch display driver integration (TDDI). Display driver IC segment is expected to contribute to the largest share of the market while the touch display driver integration segment is estimated to grow at the fastest CAGR during the review period.

Based on the device, the global market for displays drivers is segmented into automotive displays, PC monitor, smartphone, tablet, TV, wearable, and others. The smartphone device is one of the largest segments and is anticipated to contribute to a significant share in the display driver market. Additionally, the automotive display segment is expected to grow at a considerable CAGR during the review period owing to factors such as rising demand for connected vehicles and the growing preference towards advanced technologies among consumers.

Based on the technology, the display driver market is segmented into LCD, OLED, and others.

Based on the package type, the display driver market is segmented into Chip-On-Film (COF)and Chip-On-Glass (COG). The adoption of Chip-On-Film package type is likely to increase rapidly during the forecast period, contributing notably to the global market valuation of the display driver market.

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Regional analysis

The global market for display driver market has been studied for Europe, North America, Asia-Pacific, and the rest of the world (including Africa, the Middle East, and Latin America). Among the aforementioned regions, Asia-Pacific is anticipated to lead the display driver market during the forecast period, since the majority of market players, both major and emerging, are based out of China, South Korea, and Taiwan. Moreover, there is an existence of a large number of raw material suppliers in Asia-Pacific and low labor cost, which is an essential factor for the growth of display driver.

North America is also considered as one of the significant regions of the global display driver market and is expected to contribute a substantial market share. This is attributed to the to higher technological adoption in the region. The U.S. is a global technological hub and is the major contributor to the market share acquired from North America.

Europe is estimated to rise at a higher growth rate and acquire a significant market share over the review period, due to the budding automobile industry in this region. Many market players are likely to increase their production for display driver ICs used in automotive displays over the assessment period, hich is expected to contribute notably towarts the market growth.

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This release was published on openPR.