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", published by MarketsandMarkets™, 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.
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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.
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.
Browse in-depth
TOC on "Display Driver Market"
36 - Tables
77 - Figures
153 - Pages
South Korea to hold largest size of display driver
market during forecast period
South Korea is expected to account for the highest
market share of the display driver market during the forecast period. South Korea accounts for more than 95% of total OLED
display panel production owing to which demand for a majority of OLED-based
display drivers is emerging from South Korea.
With huge investments from Samsung and LG Display in OLED technology and their
production expansion, South Korea is expected to
dominate the market, in terms of size, during the forecast period.
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Sample Pages of Report:
Key players
in the display driver market are Samsung Electronics (South
Korea), Novatek Microelectronics (Taiwan),
Synaptics (US), Himax Technologies (Taiwan),
Silicon Works (South Korea), Sitronix Technology
(Taiwan), Raydium Semiconductor (Taiwan), Magnachip Semiconductor (Luxembourg & South Korea),
FocalTech (Taiwan), MediaTek (Taiwan), and ROHM Semiconductor (Japan).
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
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USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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