Display Driver Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
A display driver, often called a graphics driver, is software that permits interaction between an operating system and the graphics hardware in an electronic system. The software lets the running program communicate with the desktop or laptop screen to show visual elements.

Sizing and Forecast
The display driver market size has grown strongly in recent years. It will grow from $8.44 billion in 2023 to $9.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing demand for electronic devices, rise of portable consumer electronics, market shift to higher resolution displays, demand for energy-efficient displays, regulatory standards and compliance.

The display driver market size is expected to see strong growth in the next few years. It will grow to $11.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to integration of advanced oled and microled displays, growing adoption of augmented reality (ar) and virtual reality (vr), demand for higher refresh rates and hdr support, transition to automotive display applications, focus on energy-efficient solutions. Major trends in the forecast period include miniaturization and integration, enhanced power efficiency, multi-protocol support, standardization and compatibility, continuous performance enhancement.

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Segmentation & Regional Insights
The display driver market covered in this report is segmented –

1) By Type: Display Driver Integrated Circuit(IC), Touch Display Driver Integration
2) By Display Technology: Liquid Crystal Display(LCD), Organic Light-Emitting Diode (OLED), Other Display Technologies
3) By Package Type: Chip-On-Glass, Chip-On-Film
4) By Application: Automotive Display, Smartphone, Monitor And Notebook, Television, Smartwatch, Other Applications

Asia-Pacific was the largest region in the display driver market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the display driver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rising demand for smartphones is expected to propel the growth of the display driver market going forward. Smartphones are portable electronic devices that let users browse the internet, send text messages, and make phone calls. Smartphones require display drivers to convert digital information from the processor into signals that facilitate communication between the phone’s operating system and the graphics hardware, such as the graphics processing unit (GPU) or integrated graphics chip. For instance, in February 2023, according to the Office of Communications, a UK-based intergovernmental organization, there were 71.8 million mobile connections in the UK at the beginning of 2022, representing a rise of 3.8% from 2021 (about 2.6 million) and 4.2 million higher than the country’s total population. Further, by 2025, 65 million out of the 68.3 million people in the UK will have smartphones. Therefore, the rising demand for smartphones is driving the growth of the display driver market.

Key Industry Players
Major companies operating in the display driver market report are 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, Microchip Technology Inc., Rohm Semiconductor, Novatek Microelectronics Corp., Vizio Inc., Synaptics Incorporated, Himax Technologies Inc., Fitipower Integrated Technology Inc., Raydium Semiconductor Corporation, Silicon Works Co. Ltd., FocalTech Systems Co. Ltd., Magnachip, SINOWEALTH Electronic Ltd., Solomon Systech (International) Limited , UltraChip Inc., Sitronix Technology Corporation.

The display driver market report table of contents includes:

1. Executive Summary
2. Display Driver Market Characteristics
3. Display Driver Market Trends And Strategies
4. Display Driver Market – Macro Economic Scenario
5. Global Display Driver Market Size and Growth
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32. Global Display Driver Market Competitive Benchmarking
33. Global Display Driver Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Display Driver Market
35. Display Driver Market Future Outlook and Potential Analysis
36. Appendix

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