Press release
Driving the Future: Display Driver Market to hit $9.39 Billion by 2025, with a CAGR of 6.0%, Propelled by Increasing Demand for Electronic Devices
Display Driver Market Share
What Is The Projected Market Size Of The Global Display Driver Market And Its Growth Rate?
•The display driver market has grown strongly, with a projected growth from $8.86 billion in 2024 to $9.39 billion in 2025, representing a compound annual growth rate (CAGR) of 6.0%.
•This growth can be attributed to increasing demand for electronic devices, the rise of portable consumer electronics, and the market shift to higher resolution displays.
•The market is further expected to witness strong growth, attaining $12.77 billion in 2029, corresponding to a compound annual growth rate (CAGR) of 8.0%.
•Key drivers for this forecasted growth include the integration of advanced OLED and micro-LED displays, growing adoption of augmented reality (AR) and virtual reality (VR), and demand for higher refresh rates and HDR support.
What Is Driving The Growth In The Display Driver Market?
The surge in smartphone usage is stimulating the display driver market's growth. Smartphones require display drivers to convert digital information from the processor into signals that facilitate communication between the phone's operating system and the graphics hardware. For instance, the UK witnessed a 3.8% increase in mobile connections at the beginning of 2022 compared to 2021, and by 2025, 65 million out of the 68.3 million people in the UK are projected to own smartphones. Consequently, this burgeoning demand for smartphones is indirectly escalating the demand for display drivers.
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Who Are the Key Players Driving Display Driver Market Growth?
Key players in the display driver market include:
• Sony Corporation
• Lenovo Group Limited
• Panasonic Corporation
• LG Electronics Inc.
• Haier Group Corporation
• Hisense Group
• Nvidia Corporation
• Advanced Micro Devices
• Samsung Electronics Co. Ltd.
• Sharp Corporation
• Koninklijke Philips N.V.
• MediaTek Inc.
• AsusTek Computer Inc.
• Acer Inc.
What Are The Key Trends In The Display Driver Market?
Trending dynamics in the forecast period include:
• Miniaturization and integration
• Enhanced power efficiency
• Multi-protocol support
• Standardization and compatibility
• Continuous performance enhancement
What Are The Segments Of The Global Display Driver Market?
The global display driver market is classified by:
• Type: Display Driver Integrated Circuit(IC), Touch Display Driver Integration
• Display Technology: Liquid Crystal Display(LCD), Organic Light-Emitting Diode (OLED), Other Display Technologies
• Package Type: Chip-On-Glass, Chip-On-Film
• Application: Automotive Display, Smartphone, Monitor And Notebook, Television, Smartwatch, Other Applications
Which Region Leads The Display Driver Market?
Asia-Pacific stood as the most significant region in the display driver market in 2024 and is projected to maintain the fastest growth throughout the forecast period due to the vibrant electronics industry in the region.
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What Is Covered In The Display Driver Market Global Market Report?
- Market Size Analysis: Analyze the Display Driver Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Display Driver Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Display Driver Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Display Driver Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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