Display Drivers Market - Global Size, Share, Trends, Growth and Forecast Year ( 2023 – 2032 )
Display Drivers Definition:
The display driver refers to the market of software and hardware components that enables a computer and other devices to communicate with and control a display screen. This includes graphics processing units (GPUs), display controllers, and software drivers. The display driver provides an appropriate resolution to the computer which is beneficial for gaming as well. The power voltage of the panel is also controlled by the display drivers. The use of these display driver chips is becoming more widespread around the world.
Display Drivers Market Share and Size ( Overview ):
The market for display drivers is closely related to the broader market for computer and consumer electronics because the demand for display drivers is largely driven by the demand for devices that uses display screens, such as laptops, smartphones, and televisions. This increased demand is also due to the increase in the digitalization process. Nowadays, people are more interested in purchasing electronic products which is due to the increase in the use of the internet worldwide. The high demand for various electronic products is a reason which contributes to a higher demand for display drivers. The market for these display drivers is highly competitive, with a large number of well-established companies such as Intel and NVIDIA competing for the maximum sales in the market. The worldwide Display Drivers market was approximately valued at USD 8.3 billion in 2022 and is expected to succeed at USD 16.0 billion in 2032, with a compound annual rate of growth (CAGR) of 6.8% during the forecast period (2023-2032).
Display Drivers Report Scope
USD 8.3 billion
USD 16 billion
6.8% from 2023 to 2032
Display Drivers Market Drivers:
Several factors lead to the demand for display drivers in the market:
- Demand for devices: As the demand for devices, which use display drivers, such as laptops, smartphones, and TVs increases, there will be a corresponding increase in the demand for display drivers.
- Adoption of new technologies: As new technologies are introduced and adopted by a large number of users, there will be a need for these display drivers which are compatible with these technologies.
- Demand for higher performance: As the consumer demands more advanced and powerful devices, the demand for higher-performance display drivers will also increase.
- Adoption of virtual and augmented reality: As virtual and augmented reality technology becomes more widespread, there will be an increase in demand for display drivers that are capable of driving high-resolution displays at high frame rates.
- Demand for energy-efficient display drivers: If the energy consumptions and the impact on the environment continue to grow, there will be a demand for display drivers which are more energy efficient.
Display Drivers Market Challenges:
Several challenges can have an impact on the display driver market:
- Intense competition: The market for display drivers is highly competitive. It has a large number of well-established companies which are competing in the market for market share. This competition usually makes it difficult for new and small companies to enter the market and establish themselves as viable players.
- Rapidly evolving technology: the technology for display drivers market is continuously evolving with new technologies and standards being introduced regularly. This makes it difficult for companies to keep up to date with the latest developments and ensure that their display drivers are compatible with the latest technologies.
- Complex supply chain: The supply chain for display drivers is very complex with components and raw materials being sourced from several countries. This makes it difficult to manage the supply chain and ensure that there are no breakdowns or delays in the production process.
- Intellectual property issues: The display driver market involves the development and use of complex software and hardware components, which may lead to intellectual property issues. Companies may need to devote important resources to protect their intellectual property and defend against any potential violation claims.
- Regulatory issues: The display driver market is having several regulations and standards, which can differ from one country to another. Companies may need to go through these regulatory requirements and ensure that their products are obeying local laws and standards.
Display Drivers Market Trends & Development:
There are various trends in the Display Driver Market:
- During the forecast period, the demand for OLED display drivers has grown significantly. Smart devices such as smartphones, wearable (smart watches, VR), and smart TVs have an increased demand and usage which directly leads to the rise in demand for display drivers.
- According to the forecast for 2022 by the Consumer Technology Association, it is predicted that the USA will have an increase in the sales value of smartphones by USD 1.7 billion and will approximately reach USD 74.7 billion.
- The rise in the usage of smartphones is a very huge development for the human mankind. It has become an important part of our lifestyles. The display driver’s demand has also proportionately increased demand with smartphones. Smartphones use high-quality and performance of display drivers which act like a computer that provides real-time information.
- The display driver market is expanding due to the rise in demand for OLED. The adoption of high-cost and advanced display drivers is the main cause of increased demand for display drivers.
- There are different qualities a consumer demand nowadays which include color depth, and a high contrast ratio. The OLED display has become very popular in recent years. The increase in the popularity of OLED technology continues to increase the growth of the display driver market.
- China, being the largest manufacturer of many electronics such as laptops, tablets, and vehicle-mounted screens lead to developing a new technology of AMOLED which directly leads to an increased demand for display drivers.
- The quick adoption of various new technologies such as AMOLED, 3D, and others has been introduced from the markets in China which further has performed greatly in the display driver markets. The advancements in material technologies are driving the development of new applications of flexible electronics. Flexible displays got a fast-paced demand in the markets and therefore held a significant share of the market demand and revenues over and beyond the forecast period.
Display Drivers Market Segmentation:
The display drivers market can be segmented into the following ways:
- By Type Of Devices
- Desktop computers
- Gaming consoles.
- By Display Technology
- AND e-ink.
- By End-Use Application
- Consumer electronics
- By Geography
- North America
- Latin America
- Middle East & Africa
Display Drivers Market Regional Synopsis:
The display drivers market is a worldwide market with customers and companies situated all over the world. Some major regions for the display driver market are:
- North America: it is an important market for display drivers. The prediction for this market in this region is approximately USD 2.3 billion by 2032. The major companies which contribute to this market include Intel and NVIDIA. In this region, Canada is the leading market for display drivers.
- Europe: It is also an important market for display drivers. It also has several well-established companies operating in the region. In this region, Germany, Italy, France, United Kingdom, Spain, and Nordic are the leading markets.
- Asia-Pacific: This is the fastest-growing region in the market of display drivers. It plays a major role in the display driver market. It has been driven by a large number of consumer electronics which includes smartphones and TVs. China in this region is an important part of this market region. According to the estimates, it will approximately contribute USD 7.9 billion by 2032 in the display driver market. Besides China, India, and South Korea also leads in the display drivers market.
- Latin America: This market is marked as a growing market for display drivers. The reason for a rapid increase in the market is due to the increase in the adoption of consumer electronics in this region. In this region, Mexico, Brazil, Argentina, Chile, and Peru are the markets that have a higher demand for display drivers.
- Middle East and Africa: This region is not so significant but is considered a growing market for display drivers. In this region, mainly South Africa, Turkey, Iran, and Israel are the major markets for display drivers.
Display Drivers Market Key Players:
- Media Tek Inc
- Novatek Microelectronics
- Synaptics Incorporated
- Samsung Electronics Co. Ltd
- Fitipower Integrated Technology Inc.
- ROHM Semiconductor
- Himax Technologies, Inc.
- Raydium Semiconductor Corporation
- FocalTech Systems Co.Ltd (South Korea)
- MediaTek Inc.
- Silicon Works Co., Ltd.
- Samsung Electronics Co., Ltd
- MagnaChip Semiconductor Corporation
- Sitronics Technology Corporation (Taiwan)