Display driver market Industry Size, Growth, Revenue, Statistics, Competitive Landscape and Forecast 2019-2023

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Display Driver Market

• Display Driver Market by Driver Type, Package
  Type, Device, Display Technology, Display Size
  Geography Forecast to 2023

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Introduction

• A display driver IC controls the current and
  voltage requirements across the display panel for
  it to function.
• The display driver receives image data from
  timing controller and delivers precise analog
  voltages or currents to create images on the
  display.
• The display driver market is estimated to grow
  from USD 7.1 billion in 2018 to USD 9.1 billion
  by 2023, at a CAGR of 5.1 between 2018 and 2023.
  
• The market is growing due to the increasing
  demand for OLED and flexible displays, adoption
  of highly priced and advanced display drivers,
  and growth in the automotive display market.

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Display driver market to grow at highest CAGR for
OLED displays during forecast period

• The OLED display panel market is expected to grow
  rapidly during the forecast period which will
  eventually increase the demand for
  high-performance display driver ICs and
  subsequently drive the market toward higher
  growth.
• OLED and flexible displays are trending in the
  display market due to their increasing adoption
  in smart devices such as smartphones, wearables
  (smartwatch, AR/VR HMDs), and smart TV.
• South Korea accounts for more than 95 of total
  OLED display panel production, owing to which
  majority of OLED-based display driver demand is
  emerging from South Korea.

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5
Small devices to dominate the display driver
market, in terms of size, during forecast period

• Small devices account for the highest demand of
  display drivers. Display panels are used in
  several small devices such as smartphones,
  automotive displays, tablets, feature phones,
  industrial displays, small medical devices,
  camera, and others.
• Automotive displays are expected to witness
  positive growth in terms of shipments during the
  forecast period.
• Smartphone is one of the leading devices
  accounting for a majority of the global display
  driver market. The display driver market in small
  devices is expected to be driven by the
  smartphone segment during the forecast period.
• Smartphone display panels are produced in the
  range of 1.51.7 billion units yearly. 

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Objectives of the Report

• To define, describe, and forecast the global
  display driver market, in terms of value, on the
  basis of driver and package type, display
  technology, display size and devices, and
  geography
• To estimate and forecast the display driver
  market, in terms of volume, on the basis of
  devices
• To provide detailed information regarding the
  major factors (drivers, restraints,
  opportunities, and challenges) influencing the
  growth of the display driver market
• To strategically analyze the micromarkets with
  respect to individual growth trends, prospects,
  and contribution to the overall display driver
  market
• To analyze the opportunities in the display
  driver market for stakeholders and provide
  details of the competitive landscape for market
  leaders
• To analyze key trends related to driver and
  package type, devices, and other factors that are
  likely to shape and influence the market

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9
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