The global display driver market is on track for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 6.8% leading to an estimated value of US$16.0 billion by the year 2032. This means the market is expected to expand steadily, reaching a substantial financial milestone in the coming decade. A display driver market is mainly a general-purpose programmable logic interface, microprocessor, microcontroller, or application-specific integrated circuit. It fulfills an interface purpose.
By 2032, the USA display driver market is anticipated to be worth US$2.3 billion. Asia Pacific Display Drivers Market will surpass US$ 7.9 billion in 2032. High Demand for Televisions in the United Kingdom to Push Display Graphics Driver Sales
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They are primarily used in peripheral displays such as those in monitors, TVs, smartwatches, tablets, laptops, and smartphones as well as those in automobile displays. The market will be driven by an increasing supply of flexible displays and organic light-emitting diodes for mobile and tablet devices.
Sales of display drivers would increase by 2032 if smart wearables and augmented reality/virtual reality gadgets were quickly adopted. The sector is further driven by innovations directed toward numerous end-use verticals.
For instance, in February 2021, Solomon Systech Ltd. unveiled the SSD7317. It is a touch-and-display driver integration (TDDI) integrated circuit. It was created especially for use in products for the smart home.
The quality of the user experience for products can now be improved by innovation. For use in Passive Matrix OLED panels, the SSD7317 is a single chip that combines touchscreen and display microelectronics. They are extensively utilized in smart homes, medical, and wearable technology applications.
A new software security upgrade for the Nvidia GPU display driver was announced in a security advisory that Nvidia also delivered in May 2022. The update addresses security flaws in earlier driver versions that could lead to data alteration, data leaks, or denial of service.
Key Takeaways from the Display Drivers Market Report:
- The global display driver market witnessed a CAGR of around 4.7% in the historical period from 2017 to 2021.
- Asia Pacific display driver market is projected to surpass US$ 7.9 billion in 2032.
- The USA display driver market is expected to be worth US$ 2.3 billion by 2032.
- China display driver market is likely to create an absolute dollar opportunity of US$ 2.3 billion in the forecast period.
- Based on device, the smartphone segment is anticipated to elevate at a CAGR of 6.2% from 2022 to 2032.
Competitive Landscape: Display Drivers Market
The market’s top companies are nowadays making significant investments in the creation of new varieties of display drivers. A few market participants are working together with regional businesses to do research. They seek to find innovative technologies that will enhance their product lines and display quality.
For instance,
- In January 2019, a display driver IC was released by Samsung Electronics. The effectiveness and performance of 8K Televisions will be greatly enhanced and improved. It offers intra-panel transmission speeds of up to 4GBPS and is known as 36CT93P DDI.
Major Companies in the Display Drivers Market:
- Mediatek
- Fitipower Integrated Technology
- Rohm Semiconductor
- Novatek Microelectronics
- Synaptics
- Himax Technologies
- LG
- Sitronix Technology
- Raydium Semiconductor
- Magnachip Semiconductor
- Focaltech
- Samsung Electronics
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Display Driver Market Segmentation:
By Driver Type:
- Display Driver IC
- Touch and Display Driver Integration
By Device:
- Smartphones
- Tablets
- Smart Wearables
- TV
- Automotive Display
By Package Type:
- Chip-On-Glass
- Chip-On-Film
By Display Technology:
- Liquid-Crystal Display (LCD)
- Organic Light-Emitting Diode (OLED)
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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