Market Synopsis
The global Display Driver Market Size was initially valued at USD 6.04 billion in 2017 and is estimated to reach USD 8.93 billion by the end of the assessment period i.e 208-2023. The CAGR is expected to expand at a rate of 7.16% during the forecast period.
With the higher demand for LCD panels for mobile devices, PC monitors, TVs and an increasing number of display manufacturers are some of the major factors driving the display market 2020. The adoption of AR/VR, wearables are being done at a faster pace which results in the rising demand for OLED, flexible drivers that affect the market of display drivers as well.
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Smart displays play an important role in automotive applications. Increasing demand for better safety and luxury in automobiles has resulted in the development of applications such as telematics, infotainment systems, and heads-up displays. Additionally, governments from various countries are implementing vehicle regulations for security and safety.
Regional Analysis
The global Display Driver Market Size is considered to rise at a notable rate during the forecast period from 2018-2023. The regional study of the display driver market is performed for Asia-Pacific, North America, Europe, and the rest of the world (Middle East, Latin America, and Africa). Among the regions acknowledged, the APAC region is estimated to lead the display driver Market share during the forecast owing to a large number of presence of entrepreneurs in the region. Countries like Taiwan, China, and South Korea have a huge number of market vendors which has an advantage of low labor costs and a large number of raw-material suppliers, which plays a major role in the growth of the market.
North America also plays a significant role in the market due to the entrepreneur’s willingness to adopt modern technology. Europe is estimated to grow at the fastest pace due to the flourishing automobile industry in the region. Many organizations are increasing their production for display driver ICs utilized in automotive displays.
Key Players
The eminent key players in the display driver market are acknowledged across all the prominent regions based on their industry expertise, regions, recent key developments, product diversification, origin, presence across different regions. Some of those eminent organizations are ROHM Semiconductor (Japan), Samsung Electronics Co., Ltd. (South Korea), Fitipower Integrated Technology Inc. (Taiwan), Synaptics Inc. (US), MediaTek Inc. (Taiwan), Silicon Works Co., Ltd. (South Korea), Novatek Microelectronics Corporation (Taiwan), FocalTech Systems Co., Ltd. (Taiwan), MediaTek Inc. (Taiwan), Himax Technologies, Inc. (Taiwan), Raydium Semiconductor Corporation (Taiwan), MagnaChip Semiconductor Corporation (South Korea), and others. These are the key players in the market and play a significant role in the market share.
Apart from these key players, there are other competitors in the market which play a role in contributing to the market growth. These players consist of UltraChip Inc. (Taiwan), Systech Limited (Hong Kong), Lucid Display Technology Inc. (South Korea), Yunnan OLIGHTEK Opto-Electronic Technology Co. Ltd. (China), Dialog SemiConductor PLC (UK), SolasOLED LTD. (Ireland), and others.
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