Global Display Driver Market Data 2024, Forecast To 2033
8 Mar, 2024
The display driver market has witnessed robust growth, climbing from $8.44 billion in 2023 to $9.06 billion in 2024, with a CAGR of 7.5%. This surge is driven by escalating demand for electronic devices and a market shift towards higher resolution displays. Anticipated growth is strong, with the market projected to reach $11.66 billion in 2028, boasting a CAGR of 6.5%. Factors fueling this growth include the integration of advanced OLED and microLED displays, along with rising adoption of augmented reality and virtual reality technologies. Major trends in the forecast period encompass the demand for higher refresh rates and HDR support, particularly in automotive display applications, alongside a continued focus on energy-efficient solutions. Additionally, the market is witnessing trends towards miniaturization, enhanced power efficiency, and multi-protocol support, further solidifying its position in the evolving landscape of display technologies.
Global Display Driver Market Key Driver
The display driver market is experiencing growth fueled by the rising demand for smartphones worldwide. Smartphones serve as essential communication and entertainment devices for consumers, driving the need for high-quality display drivers to ensure optimal performance. With projections indicating a significant increase in smartphone users globally, as reported by the Office of Communications, the demand for display drivers is expected to surge, driven by the growing demand for smartphones.
Get A Free Sample Of The Global Display Driver Market ReportGlobal Display Driver Market Segments
The display driver market covered in this report is segmented –
1) Type:Display Driver Integrated Circuit(IC), Touch Display Driver Integration
2) Display Technology:Liquid Crystal Display(LCD), Organic Light-Emitting Diode (OLED), Other Display Technologies
3) Package Type:Chip-On-Glass, Chip-On-Film
4) Application:Automotive Display, Smartphone, Monitor And Notebook, Television, Smartwatch, Other Applications
By Geography: The countries covered in the display driver market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the display driver market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the display driver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Display Driver Industry Players
Sony Corporation;Lenovo Group Limited; Panasonic Corporation; LG Electronics Inc.; Haier Group Corporation; Hisense Group;Nvidia Corporation; Advanced Micro Devices; Samsung Electronics Co. Ltd.; Sharp Corporation; Koninklijke Philips N.V.;MediaTek Inc.; AsusTek Computer Inc.; Acer Inc.; TCL Electronics; Microchip Technology Inc.; Rohm Semiconductor; Novatek Microelectronics Corp.; Vizio Inc.; Synaptics Incorporated; Himax Technologies Inc.; Fitipower Integrated Technology Inc.; Raydium Semiconductor Corporation; Silicon Works Co. Ltd.; FocalTech Systems Co. Ltd.; Magnachip; SINOWEALTH Electronic Ltd.; Solomon Systech (International) Limited ; UltraChip Inc.; Sitronix Technology Corporation.
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Display Driver Market Overview
A display driver, often called a graphics driver, is software that permits interaction between an operating system and the graphics hardware in an electronic system. The software lets the running program communicate with the desktop or laptop screen to show visual elements.