Market Highlights
The growing demand for LCD panels for consumer electronics such as smartphones, tablets, and PC monitors and increasing number of display manufacturers are some of the factors driving the growth of display driver market. Rapid adoption of smart displays in automotive is another factor boosting up the growth of display driver market. Furthermore, rising trends of wearables and AR/VR devices is leading to the demand of OLED and flexible displays which is further creating the demand for display drivers.
Key players
The key players in the display driver market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – Samsung Electronics Co., Ltd. (South Korea), Synaptics Inc. (US), Himax Technologies, Inc. (Taiwan), Silicon Works Co., Ltd. (South Korea), Novatek Microelectronics Corporation (Taiwan), Sitronix Technology Corporation (Taiwan), Raydium Semiconductor Corporation (Taiwan), FocalTech Systems Co., Ltd. (Taiwan), MagnaChip Semiconductor Corporation (South Korea), MediaTek Inc. (Taiwan), Fitipower Integrated Technology Inc. (Taiwan), and ROHM Semiconductor (Japan). These players contribute a major share in the growth of display driver market.
Apart from the top key players, there are other players that contribute to the market growth. These include Solomon Systech Limited (Hong Kong), Microchip Technology Inc. (US), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China), Dialog Semiconductor PLC (UK), SolasOLED LTD. (Ireland), Lucid Display Technology Inc. (South Korea), SINOWEALTH Electronics Ltd. (China), and UltraChip Inc. (Taiwan) and others.
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Regional Analysis
The Display driver market is estimated to grow at a significant rate during the forecast period from 2020 to 2027. The geographical analysis of display driver market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, Asia-Pacific is expected to dominate the display driver market during the forecast period as the majority of market vendors are based out of South Korea, China, and Taiwan. Also, there is a presence of large number of raw material suppliers in Asia-Pacific and low labor cost.
Europe is expected to grow at the highest rate due to growing automobile industry in this region. Many companies are increasing their production for display driver ICs used in automotive displays. For instance, in October 2020, Magnachip Semiconductor, a semiconductor manufacturing company, started its volume production for its latest display driver IC for automotive panel displays. North America is also expected to contribute a significant share to the market due to high readiness for technology adoption in this region.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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The new research report titled "Display Driver Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Display Driver Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/display-driver-market/download-sampleMarket DynamicsThe increasing demand for OLED, flexible display and automotive displays are primarily driving the market growth.
The growing use of 4k & 8k televisions coupled with the availability of UHD content is again boosting the market growth.
In addition to this, increasing demand for advanced display drivers are further fuelling the market growth.
According to the new market research report on "Display Driver Market by Driver Type (DDIC, TDDI), Package Type (COF, COG), Device (Smartphone, Television, Automotive, Smart Wearables, HMD, Monitor), Display Technology (LCD, OLED), Display Size, and Geography - Global Forecast to 2023", The display driver market is estimated to grow from USD 7.1 billion in 2018 to USD 9.1 billion by 2023, at a CAGR of 5.1% between 2018 and 2023.
Growth in the use of 4K and 8K televisions and availability of UHD content and evolving role of DDICs in individual components and single integration chips also drive the growth of the market for display driver ICs.Study ObjectivesTo define, describe, and forecast the global display driver market, in terms of value, on the basis of driver and package type, display technology, display size and devices, and geographyTo estimate and forecast the display driver market, in terms of volume, on the basis of devicesTo provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the display driver marketTo strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall display driver marketTo analyze the opportunities in the display driver market for stakeholders and provide details of the competitive landscape for market leadersTo analyze key trends related to driver and package type, devices, and other factors that are likely to shape and influence the market Get PDF Brochure: https://www.marketsandmarkets.com/requestsampleNew.asp?id=60452441 LCD displays to account for major share in display driver market during forecast periodLCD displays are likely to hold a major share in the display driver market during the forecast period.
Construction of Gen 6 and above facilities by Chinese players, with government support in terms of finance and land offerings, can have significant impact on the global display panel market.
China is emerging as a leading country in terms of LCD display production due to the closure of several LCD manufacturing facilities by Samsung and LG Display in the last 3 years.
This will increase the production of LCD displays and subsequently increase the demand for LCD-based display drivers for a majority of the devices.
However, with high competition in the market and disruption in supply–demand ratio, the market for LCD displays is expected to saturate 2020 onward.Display driver market for smart wearables to witness highest growth during forecast periodThe display driver market for wearables devices (smartwatches and AR/VR HMDs) is expected to grow at the highest CAGR between 2018 and 2023.
Growth in the use of 4K and 8K televisions and availability of UHD content and evolving role of DDICs in individual components and single integration chips also drive the growth of the market for display driver ICs.
Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=60452441 LCD displays to account for major share in display driver market during forecast period LCD displays are likely to hold a major share in the display driver market during the forecast period.
Construction of Gen 6 and above facilities by Chinese players, with government support in terms of finance and land offerings, can have significant impact on the global display panel market.
China is emerging as a leading country in terms of LCD display production due to the closure of several LCD manufacturing facilities by Samsung and LG Display in the last 3 years.
Wearables have emerged as a new driving segment in the global display panel market and are used in applications such as consumer, infotainment, military, fitness and gaming, industrial, lifestyle, and healthcare.
With huge investments from Samsung and LG Display in OLED technology and their production expansion, South Korea is expected to dominate the market, in terms of size, during the forecast period.
Market HighlightsThe growing demand for LCD panels for consumer electronics such as smartphones, tablets, and PC monitors and increasing number of display manufacturers are some of the factors driving the growth of display driver market.
Rapid adoption of smart displays in automotive is another factor boosting up the growth of display driver market.
Key playersThe key players in the display driver market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are – Samsung Electronics Co., Ltd. (South Korea), Synaptics Inc. (US), Himax Technologies, Inc. (Taiwan), Silicon Works Co., Ltd. (South Korea), Novatek Microelectronics Corporation (Taiwan), Sitronix Technology Corporation (Taiwan), Raydium Semiconductor Corporation (Taiwan), FocalTech Systems Co., Ltd. (Taiwan), MagnaChip Semiconductor Corporation (South Korea), MediaTek Inc. (Taiwan), Fitipower Integrated Technology Inc. (Taiwan), and ROHM Semiconductor (Japan).
These include Solomon Systech Limited (Hong Kong), Microchip Technology Inc. (US), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China), Dialog Semiconductor PLC (UK), SolasOLED LTD. (Ireland), Lucid Display Technology Inc. (South Korea), SINOWEALTH Electronics Ltd. (China), and UltraChip Inc. (Taiwan) and others.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7315Regional AnalysisThe Display driver market is estimated to grow at a significant rate during the forecast period from 2020 to 2027.
The geographical analysis of display driver market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
Market Overview: The growing demand for LCD panels for consumer electronics such as smartphones, tablets, and PC monitors and increasing number of display manufacturers are some of the factors driving the growth of display driver market.
Furthermore, rising trends of wearables and AR/VR devices is leading to the demand of OLED and flexible displays which is further creating the demand for display drivers.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7315The global display driver market was valued at USD 6.04 billion in 2017 and is expected to reach USD 8.93 billion by the end of forecast period with a CAGR of 7.16%.Key PlayersThe key players in the Display Driver Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are – Samsung Electronics Co., Ltd. (South Korea), Synaptics Inc. (US), Himax Technologies, Inc. (Taiwan), Silicon Works Co., Ltd. (South Korea), Novatek Microelectronics Corporation (Taiwan), Sitronix Technology Corporation (Taiwan), Raydium Semiconductor Corporation (Taiwan), FocalTech Systems Co., Ltd. (Taiwan), MagnaChip Semiconductor Corporation (South Korea), MediaTek Inc. (Taiwan), Fitipower Integrated Technology Inc. (Taiwan), and ROHM Semiconductor (Japan).
These include Solomon Systech Limited (Hong Kong), Microchip Technology Inc. (US), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China), Dialog Semiconductor PLC (UK), SolasOLED LTD. (Ireland), Lucid Display Technology Inc. (South Korea), SINOWEALTH Electronics Ltd. (China), and UltraChip Inc. (Taiwan) and others.Display Driver Market – SegmentationBy type, the market is segmented into display driver IC and touch display driver integration (TDDI).
Display driver IC segment contribute to the largest share of the market while touch display driver integration segment is expected to grow at a higher CAGR during the forecast period.
It is expected to gain prominence lately as more number of display driver vendors are focusing on developing this technology.By device, display driver IC is segmented into smartphone, tablet, wearable, TV, PC monitor, automotive displays, and others.
