Display Driver Market Synopsis:

The Display Driver Global Market is anticipated to strike a CAGR of 7.16% during the forecast period 2019 to 2023 The Display Driver Global Industry, according to the analysis, has been prognosticated to touch a valuation of USD 8.93 Bn by the end of 2023 up from USD 6.04 Bn in 2017. The growth of the consumer electronics industry is expected to dictate the growth trajectory of the market over the next couple of years. The growing application of LCD panels in products such as tablets, PCs, mobile devices, etc. is anticipated to support the growth pattern of the display driver market in the foreseeable future. In addition, the boost witnessed in the adoption of augmented reality is likely to have a positive influence on the expansion of the market.

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The growing demand for LCD panels for mobile devices, TVs, and PC monitors and increasing number of display manufacturers are some of the factors driving the growth of display driver market. Wearables and AR/VR devices are being adopted rapidly, thus leading to the rising demand for OLED and flexible displays and hence display drivers. In 2018, Synaptics announced the sampling of ClearView R63455, its latest display driver IC for next-generation virtual reality head-mounted displays (HMDs). It consists of dual display 2K resolution combined with foveal transport support. Another device segment which is experiencing high demand for display drivers is automotive display

Display Driver Market Competitive Dashboard:

Some of the noted players profiled in this MRFR report are Samsung Electronics Co., Ltd. (South Korea), Himax Technologies, Inc. (Taiwan), Synaptics Inc. (US), Silicon Works Co., Ltd. (South Korea), Sitronix Technology Corporation (Taiwan), Raydium Semiconductor Corporation (Taiwan), Novatek Microelectronics Corporation (Taiwan), FocalTech Systems Co., Ltd. (Taiwan), MediaTek Inc. (Taiwan), Fitipower Integrated Technology Inc. (Taiwan), MagnaChip Semiconductor Corporation (South Korea), and ROHM Semiconductor (Japan). Other players participating in the market share analysis are Solomon Systech Limited (Hong Kong), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China), Microchip Technology Inc. (US), Dialog Semiconductor PLC (UK), Lucid Display Technology Inc. (South Korea), SINOWEALTH Electronics Ltd. (China), SolasOLED LTD. (Ireland), and UltraChip Inc. (Taiwan).

Display Driver Industry News:

In January 2019, Samsung, a South Korean conglomerate, has announced the launch of a new display driver IC (DDI) for 8K resolution TVs.

In March 2019, Nvidia Corporation, an American technology company, has announced the launch of GeForce Hotfix display driver version 425.11 based on Game Ready Driver 419.67.

Display Driver Market Segmentation:

By type, the global display driver market has been segmented into display driver IC, and touch display driver integration.

By device, the display driver market has been segmented into smartphone, tablet, wearable, tv, automotive display, PC monitor, and others.

By technology, the global display driver market has been segmented into LCD, OLED, and others.

By package type, the global display driver market has been segmented into chip-on-glass, and chip-on-film.

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Display Driver Market Regional Analysis:

The Display driver market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. 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 2018, 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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