Global Display Driver IC Market – Invention Analysis, Size, Share, Evolution, Styles & Prediction 2025
Infinium Global Research has added a new report on the Global Display Driver IC Market. The report covers the analysis of global as well as regional markets of display driver IC. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. 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.
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Display Driver IC Market: Drivers and Restraints
Extensive sales of consumer electronic devices, such as PCs, laptops, TVs, and mobile phones drive the demand of the global display driver IC market over the forecast period. With the increasing use of smartphones across the world, the demand for integration of display controllers is likely to rise considerably in the coming year. Moreover, growing demand for high-quality displays and integrated functions and growth in end-use industries such as consumer electronics, healthcare, automotive and many others are likely to contribute the market growth. Moreover, 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. Going further, the prominent market players are focusing on improving the capabilities of these ICs creates growth opportunities for the display driver market in the coming years.
Display Driver IC Market: Segmentation
The global display driver IC market is segmented into display technology, application and end-use industry. The display technology segment includes LCD, LED and Other display technology. On the application segment, the global display driver IC market bifurcated into laptops, mobile phones, tablets, televisions and smartwatches. Based on end-use industry, the global display driver is bifurcated into healthcare, consumer electronics, automotive and other End-Use Industries. The growth of the consumer electronics segment is primarily driven by the high penetration of touch systems in consumer electronics.
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Display Driver IC Market: Regional Insight
Among the geographies, North America dominates the display driver IC market throughout the forecast period owing to the presence of leading manufacturers and high adoption of modern technology. On the other hand, Asia Pacific exhibits the highest demand for display driver IC, especially for products such as mobile phones, smartphones, tablet PC, smartwatches, Notebook PC, LCD monitor. Furthermore, 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. Moreover, China and Japan are major contributors to the display driver IC market.
Display Driver IC Market: Competitive Analysis
Some of the major players’ profile in the global display driver IC market are Rohm Semiconductor, MediaTek Inc., Magnachip, Raydium Semiconductor Corporation, Sitronix Technology Corp., Silicon Works, Samsung Electronics, Novatek Microelectronics, Synaptics, Himax Technologies and many others. These companies are more focused on strategic alliances and also continuously innovating with improving the capabilities of these ICs. The number of manufacturers continues to boost investments into scaling up of existing and expansion of manufacturing facilities in new regions.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Display Driver IC.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.