PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299746
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299746
Display driver market size was valued at USD 8,705.2 million in 2022, expanding at a CAGR of 6.2% from 2023 to 2030.
A display driver is a semiconductor device with an integrated circuit that works as an LCD/ microprocessor interface. Additionally, they are mostly used in display devices such as laptops, smartphones, smartwatches, monitors, TVs, tablets, and automotive displays. Moreover, display devices are important components of display drivers that deliver an electrical current within the LCD to trigger pixels until an image is transmitted to the device.
Portable air conditioners are becoming more appealing as the usage of energy-efficient goods grows. Air-source heat pumps are utilized in all sections of the United States for many years, with the exception of locations that have had lengthy periods of subfreezing weather. However, in recent years, air-source heat pump technology has evolved to the point that it now provides a viable space heating alternative in colder climates. Furthermore, typical home and business air conditioners pollute the environment by releasing HFC refrigerant gases. These gases have a huge potential for global warming and can make climate change 25% worse than current projections.
Small personal air conditioners, as opposed to wall-mounted ACs, can provide a sustainable, energy-efficient solution for a warming planet. The Close Comfort unit, for example, utilizes a fraction of the refrigerant used by standard air conditioners. This non-toxic gas is kept within permanently by a welded refrigeration circuit. COVID-19 has had a favorable impact on the market since the populace throughout economies is forced to stay inside, resulting in an increase in demand for Display Driver Market.
The global display driver market is segmented on the basis of product type, device, technology, package type, and region.
The market is divided into two categories based on product type: display driver IC and touch display driver integration. The display driver IC sector is expected to grow significantly due to factors related to a rise in captive touchscreen integration. The market for display driver IC is expected to growth, particularly in industrial and medical equipment, more devices, and adopting capacitive touch screens.
The market is divided into seven categories based on the device: smartphone, smartwatch, tablet, wearable, TV, automotive display, and laptop. The smartphone sector is likely to possess. Smartphone offer performance & high quality and act like computers by offering real-time information.
The market is divided into two categories based on technology: LCD, OLED, and others. The OLED sector is expected to hold the largest market share. The increasing use of smart devices such as wearables (smartwatches, AR/VR HMDs), smart TVs, flexible displays, OLED, wearables, and smartphones are resulting in segment growth.
The market is divided into two categories based on package type: chip-on-glass and chip-on-film. The chip-on-film is likely to maintain its dominance because of its excellent resolution, low cost, low power consumption, and lightweight.
Increasing demand for LCD panels in televisions, smartphones, and other electronic devices globally surging the growth of the display driver market. Additionally, drivers for the market growth include higher average sales prices, high quality, and integrated functions. Moreover, key players sell their products through several platforms including retailers, end consumers, corporate websites, distributors, and e-commerce websites. For the development of new products for display drivers players are also investing in R&D. To retain their consumer base market players for display drivers are adopting numerous strategies such as enhancing the product quality, determining and assessing competitive pricing techniques, enhancing their current product inventory, providing customized solutions, and offering best after-sales services.
This proposed research study on display driver market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for display driver market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the display driver market.
Impact of COVID-19 on display driver market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on display driver market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Display Driver market, we have also included competitive landscape and key innovator analysis for the display driver market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the display driver market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global display driver market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
The scope of this report covers the market by its major segments, which include as follows: