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.
Increasing demand for OLED and flexible displays and highly priced and advanced display drivers contribute significantly to the growth of the display driver market.
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=60452441LCD 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.Display driver market for smart wearables to witness highest growth during forecast period The display driver market for wearables devices (smartwatches and AR/VR HMDs) is expected to grow at the highest CAGR between 2018 and 2023.
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.