Display Driver Market Global Size, Growth 2020 Merger, Share, Trends, Competitive Landscape, Statistics, Regional, And Global Industry Forecast To 2023

Display Driver Market Global Size, Growth 2020 Merger, Share, Trends, Competitive Landscape, Statistics, Regional, And Global Industry Forecast To 2023

“” Display Driver Market “”
The Display Driver Global Market is anticipated to strike a CAGR of 7.16% during the forecast period 2020 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

Market Overview

The display driver acts as a bridge between the operating system (OS) and displays to provide optimum picture quality and performance. The rise in the usage of high-resolution displays in smartphones, televisions, and computers has increased the demand for display drivers. These drivers help in decreasing the power consumption without compromising on the quality, which is further powered by the increased usage of the organic light-emitting diode (OLED) displays with 4K and 8K technologies.

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The increasing adoption of smart devices and rapid digitalization are among the major reasons for this market’s seamless growth. The increasing usage of wearable devices and augmented reality (AR)/virtual reality (VR) devices have provided additional growth to this market. High-resolution displays are now being used in automobiles for showing various information like vehicle status that enhance passenger safety, and the rapid growth of this industry is boosting the market growth.

The companies are readily investing in research & development programs to unfold the new aspects, imposing an extra load on the market and will help the market gain accelerated speeds. Apart from the uses and features, the global display driver market is facing challenges from high costs involved in the installation, which has restrained the global market growth. This report offers a complete outlook on the opposition, opportunities, drivers & restraints, and other factors affecting the neighborhood and global display driver marketplace. The worldwide market is anticipated to sign in approximately 08 % annual growth in this era.

Top 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.

Industry News

The global display driver market is growing at considerable speeds due to a rise in demands for advanced technologies, an increase in investments in research & development activities, and a high emphasis on road safety. Currently, the Asia Pacific region holds a major share of the market, whereas the European region will grow at the fastest rates during the survey. The rapidly developing economies will provide major opportunities for this market and will grow at the same pace due to the rapid rise in living standards.

Market Division

The global display driver market is segmented into classes as follows:

The global display driver market is characterized as driver IC and touch display driver integration based on types.

The global display driver market is characterized by automotive displays, smartphones, wearable smart devices, and others based on services.

The global display driver market is divided into chip-on -glass and chip-on-film based on package types.

The global display driver market is divided into liquid crystal display (LCD) organic light-emitting diode (OLED), and others based on technology.

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Regional Classification

The display driver market has gained global adoption due to the rapid digitalization, increasing demands of advanced technologies, and the rapid growth of end-users. The global display driver market is divided into North America, the Asia Pacific, Europe, and the rest of the world. The Asia Pacific region is currently leading the market due to rapid urbanization, increasing disposable incomes, rapidly growing smartphones & automotive industries, vast population, low labor costs, and other factors. On the other hand, the European region will file the fastest growth due to high disposable incomes, well-established production houses, and developed the automotive industry.

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