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Display Driver Market 2019-2023 Global Key Manufacturers Analysis Report


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. 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.

Study Objectives
  • To 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 geography
  • To estimate and forecast the display driver market, in terms of volume, on the basis of devices
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the display driver market
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall display driver market
  • To analyze the opportunities in the display driver market for stakeholders and provide details of the competitive landscape for market leaders
  • To analyze key trends related to driver and package type, devices, and other factors that are likely to shape and influence the market

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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. 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 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. Demand for smart wearables, especially AR/VR HMDs, is expected to increase rapidly during the forecast period and subsequently boost the display driver market.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=60452441

Key questions addressed by report:
  • What are the opportunities in the display driver market in the next 5 years?
  • How much growth is expected from LCD and OLED displays, and what would be the impact of these display technologies on different products?
  • Which driver type is expected to provide high growth potential in the market?
  • Who are the current potential competitors in the market, and what are their top priorities, strategies, and developments?

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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