A recent report published by Infinium Global Research on display
driver IC market provides an in-depth analysis of segments and sub-segments in the
global as well as regional display driver IC market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional display driver IC market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of the global display driver IC market. According to the report, the global display
driver IC market is projected to grow at a CAGR of 2.6% over the forecast
period of 2019-2025.
In electronic/computer hardware, a display driver is a type of a semiconductor with an integrated circuit (IC) that provides an interface
function between a microcontroller, microprocessor, ASIC, and a certain type of
display devices such as LCD, LED, OLED, or CRT. Display driver IC has been
adopted in a wide range of applications such as mobile phones, smartphones,
tablet PC, smartwatches, notebook PC, LCD monitors, and many other consumer
electronics. Moreover, the growth of the global display driver IC market is
being driven by rapidly increasing demand for displays for a wide range of
applications. Furthermore, the growth in end use industries such as consumer
electronics, healthcare, automotive and many others is likely to increase the
demand for the global display driver IC market throughout the forecast period.
Moreover, the LCD-based display driver has a wide range of automotive applications
such as GPS navigation, instrument cluster, and car entertainment displays are
other factors contribute the market growth. Moreover, the growing demand for
high-quality displays, integrated functions, and greater average selling prices
is another factor has a positive impact on market growth. The growing
investments by prominent market players for improving the capabilities of these
ICs is provided growth opportunities for the display driver market in the near
future.
Geographically, North America captured the largest revenue share
and the region is projected to continue its dominance throughout the forecast
period as the region is highly active towards the acceptance of modern
technology. Additionally, the presence of leading market players is also
contributing to the market growth in this region. Moreover, Asia-Pacific is
expected to be the fastest-growing region in the display driver IC market over
the forecast period. The growth in industries such as healthcare, consumer
electronics, automotive and many other industries in this region is likely to
have a positive impact on the market. The surge in need for better resolution
in displays further drives the demand for the display driver IC market during
the forecast period.
The report on the global display driver IC market covers segments such
as display technology, application, and end use industry. On the basis of
display technology, the sub-markets include LCD, LED, and others. On the basis
of application, the sub-markets include laptops, mobile phones, tablets,
televisions, smart watches, and other applications. On the basis of end use
industry, the sub-markets include healthcare, consumer electronics, automotive,
and other end use industries.
The report provides profiles of the companies in the market such
as Rohm Semiconductor, MediaTek Inc., Magnachip, Raydium Semiconductor
Corporation, Sitronix Technology Corp., Silicon Works, Samsung Electronics,
Novatek Microelectronics, Synaptics, and Himax Technologies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of display driver
IC market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.