The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global display driver market is set to embark on an exciting journey, with expectations to grow from $7.84 billion in 2022 to $8.44 billion in 2023, driven by a robust compound annual growth rate (CAGR) of 7.7%. This upward trend is projected to continue, with estimates reaching $10.9 billion in 2027, showcasing a CAGR of 6.6%. In this blog, we’ll delve into the pivotal drivers propelling this expansion, identify the influential industry players, and explore the emergent technological trends shaping the display driver market.

Smartphones: The Driving Force

Empowering the Display Driver Market

A surge in the demand for smartphones is anticipated to steer the growth of the display driver market. Smartphones, these portable electronic marvels, have become an integral part of our lives, enabling us to surf the internet, send text messages, make calls, and so much more. These sleek devices rely on display drivers to convert digital information from the processor into signals that facilitate communication between the phone’s operating system and its graphics hardware, which includes the graphics processing unit (GPU) or integrated graphics chip.

For instance, the Office of Communications reported in February 2023 that the UK had 71.8 million mobile connections at the beginning of 2022. This number represented a remarkable 3.8% increase from 2021, translating to around 2.6 million additional mobile connections. Surprisingly, this figure exceeded the total population of the UK by 4.2 million. Moreover, the future outlook predicts that by 2025, 65 million out of the projected 68.3 million people in the UK will be proud owners of smartphones. This undeniable rise in smartphone adoption is a driving force behind the growth of the display driver market.

Key Players Shaping the Landscape

Masters of the Display Driver Universe

The display driver market is marked by the presence of key players who wield significant influence over its direction. These industry leaders are essential in the production, innovation, and distribution of display drivers. Notable names in this sector include:

• 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

These industry giants play a critical role in ensuring the growth and innovation of the display driver market.

The Trend of Technological Advancements

Charting a Path of Progress

One notable trend in the display driver market is the continuous quest for technological advancements. Major companies within this sector are actively embracing novel solutions to bolster their positions in the market. For instance, in January 2022, OmniVision Technologies Inc., a semiconductor manufacturing company based in the United States, introduced the TD4377 TDDI (touch and display driver integration) product for cell phones. This revolutionary product offers LCD and touch solutions featuring 1080-pixel full high definition (FHD) resolution, a screen image rate of up to 144 Hz, and a touch reporting rate that doubles the screen speed. These innovations enable the creation of screens with exceptional touch sensitivity, vibrant colors, while simultaneously reducing module prices and enhancing production efficiency.

A Market Segmented for Success

Tailored Solutions for Diverse Needs

Effective segmentation is fundamental in catering to diverse consumer requirements and ensures the display driver market’s continued growth. Segmentation in the industry allows for customized solutions to cater to specific needs across various sectors. Segmentation categories encompass:

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

This well-thought-out segmentation ensures the availability of solutions that meet diverse consumer demands across various industries.

Global Dynamics: The Rise of Asia-Pacific

Leading the Charge from the East

In 2022, North America took the lead in the display driver market. However, Asia-Pacific is poised to be the fastest-growing region in the forecast period. This shift places Asia-Pacific at the forefront, shaping the future of the display driver market. As the region continues to drive growth and demand for air conditioning systems and smartphones, it plays a pivotal role in the global market’s promising future.

Get A Free Sample On The Global Display Driver Market Report:
https://www.thebusinessresearchcompany.com/report/display-driver-global-market-report

Read The Full Display Driver Market Report Here:
https://www.thebusinessresearchcompany.com/sample_request?id=12367&type=smp

The Display Driver Global Market Report 2023  provides an overview of the display driver market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The display driver market forecast analyzes display driver market size, display driver market share, leading competitor and their market positions.

The Table Of Content For The Display Driver Market Include:
1. Display Driver Market Executive Summary
2. Display Driver Market Segments
3. Display Driver Market Size And Display Driver Market Growth Rate
4. Key Display Driver Market Trends
5. Major Display Driver Market Drivers
……
25. Key Mergers And Acquisitions In The Display Driver Market
26. Top Display Driver Companies
27. Display Driver Market Opportunities And Strategies
28. Display Driver Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:

3D Display Global Market Report 2023

Rugged Display Global Market Report 2023

Flexible Display Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: