NEWARK, Del, March 28, 2023 (GLOBE NEWSWIRE) -- By 2032, the size of the global market for display drivers is anticipated to be US$ 16.0 billion. Over the evaluation period, a CAGR of 6.8% is projected to be seen. In 2022, it was valued at about US$ 8.3 billion. A display driver market is mainly a general-purpose programmable logic interface, microprocessor, microcontroller, or application-specific integrated circuit. It fulfills an interface purpose.
They are primarily used in peripheral displays such as those in monitors, TVs, smartwatches, tablets, laptops, and smartphones as well as those in automobile displays. The market will be driven by an increasing supply of flexible displays and organic light-emitting diodes for mobile and tablet devices.
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Sales of display drivers would increase by 2032 if smart wearables and augmented reality/virtual reality gadgets were quickly adopted. The sector is further driven by innovations directed toward numerous end-use verticals.
For instance, in February 2021, Solomon Systech Ltd. unveiled the SSD7317. It is a touch-and-display driver integration (TDDI) integrated circuit. It was created especially for use in products for the smart home.
The quality of the user experience for products can now be improved by innovation. For use in Passive Matrix OLED panels, the SSD7317 is a single chip that combines touchscreen and display microelectronics. They are extensively utilized in smart homes, medical, and wearable technology applications.
A new software security upgrade for the Nvidia GPU display driver was announced in a security advisory that Nvidia also delivered in May 2022. The update addresses security flaws in earlier driver versions that could lead to data alteration, data leaks, or denial of service.
Key Takeaways from Display Drivers Market
- The global display driver market witnessed a CAGR of around 4.7% in the historical period from 2017 to 2021.
- Asia Pacific display driver market is projected to surpass US$ 7.9 billion in 2032.
- The USA display driver market is expected to be worth US$ 2.3 billion by 2032.
- China display driver market is likely to create an absolute dollar opportunity of US$ 2.3 billion in the forecast period.
- Based on device, the smartphone segment is anticipated to elevate at a CAGR of 6.2% from 2022 to 2032.
“Growth in demand for high-performance display driver ICs is anticipated by 2032. It is attributable to the OLED display driver industry's ongoing expansion. In smart devices, OLED and flexible screens are increasingly prevalent. A few of them include smart TVs, wearable technology, and smartphones.” – Says a lead analyst.
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Competitive Landscape: Display Drivers Market
The market's top companies are nowadays making significant investments in the creation of new varieties of display drivers. A few market participants are working together with regional businesses to do research. They seek to find innovative technologies that will enhance their product lines and display quality.
For instance,
- In January 2019, a display driver IC was released by Samsung Electronics. The effectiveness and performance of 8K Televisions will be greatly enhanced and improved. It offers intra-panel transmission speeds of up to 4GBPS and is known as 36CT93P DDI.
Key Companies Profiled
- Mediatek
- Fitipower Integrated Technology
- Rohm Semiconductor
- Novatek Microelectronics
- Synaptics
- Himax Technologies
- LG
- Sitronix Technology
- Raydium Semiconductor
- Magnachip Semiconductor
- Focaltech
- Samsung Electronics
Get More Exclusive Insights into Display Drivers Market Study
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the display drivers market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.
The study reveals extensive growth in the display drivers market in terms of (display driver IC, touch & display driver integration), devices (smartphones, tablets, smart wearables, TV, automotive display), package type (chip-on-glass, chip-on-film), display technology (liquid-crystal display, organic light emitting diode), and region.
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Display Driver Market Outlook by Category
By Driver Type:
- Display Driver IC
- Touch and Display Driver Integration
By Device:
- Smartphones
- Tablets
- Smart Wearables
- TV
- Automotive Display
By Package Type:
- Chip-On-Glass
- Chip-On-Film
By Display Technology:
- Liquid-Crystal Display (LCD)
- Organic Light-Emitting Diode (OLED)
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Buy Now to gain access to detailed information about each segment: https://www.futuremarketinsights.com/checkout/16830
Table of Content
1. Executive Summary | Display Drivers Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.7. Regional Parent Market Outlook
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