PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532884
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532884
Display Port Market size was valued at USD 14,902.98 Million in 2023, expanding at a CAGR of 7.90% from 2024 to 2032.
DisplayPort is a digital display interface primarily used to connect a video Application, such as a computer, to a display device, such as a monitor or TV. It was first developed by the Video Electronics Standards Association (VESA).
Display Port Market- Market Dynamics
High bandwidth benefits, adaptive sync technologies, and greater compatibility are expected to propel market demand
DisplayPort provides high bandwidth compared to older interfaces like VGA and DVI, enabling the transmission of large amounts of data quickly and efficiently. This is essential for handling the demands of modern display technologies. DisplayPort supports high-resolution displays up to 8K and beyond, as well as high refresh rates up to 240 Hz. This capability is crucial for applications such as gaming, video editing, and professional design where clarity and smooth motion are paramount.
In addition, the display port supports Adaptive Sync technologies like AMD FreeSync and NVIDIA G-Sync Compatible, which synchronize the refresh rate of the display with the output from the graphics card. This reduces screen tearing and enhances the gaming and viewing experience. Thus, display port is widely adopted across various industries including IT, gaming, media, and professional design due to its interoperability with different devices and its inclusion in industry standards like VESA. All these drivers contribute to the steady growth and adoption of Display Port in the market.
Display Port Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.90% over the forecast period (2024-2032)
Based on Type segmentation, the display port version 1.2 segment was predicted to show maximum market share in the year 2023, owing to its high adoption in display technologies.
Based on Application segmentation, the television segment was the leading Application in 2023, due to high demand from television display port types.
Based on End-use segmentation, the commercial segment was the leading End-use in 2023, owing to the high demand for advanced LED, LCD, and other display boards in commercial applications.
On the basis of region, Asia Pacific was the leading revenue generator in 2023, owing to a high number of electronics products & innovations in Japan, China, and South Korea.
The Global Display Port Market is segmented on the basis of Type, Application, End Use, and Region.
The market is divided into three categories based on Type: display port version 1.2, display port version 1.3, and display port version 1.4. The display port version 1.2 segment dominates the market. The high demand for television and large-size display boards is boosting the segment growth.
The market is divided into four categories based on Application: television, home theaters, PC monitors, and others. The television segment dominates the market. Increasing demand for high-resolution TV sets is bolstering market growth.
The market is divided into two categories based on End Use: residential and commercial. The commercial segment dominates the market and is expected to maintain its high dominance during the forecast period. Increasing demand for display boards in the commercial industry for advertising, and other displays are proliferating the segment growth.
Display Port Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America dominates the Display Port market due to the strong presence of technology companies, gaming enthusiasts, and professional sectors such as entertainment and design. The Asia-Pacific region, including countries like China, Japan, South Korea, and India, represents a rapidly expanding market for display port technology. Asia-Pacific is also a manufacturing hub for electronics, contributing to the production and distribution of display port-enabled devices worldwide.
The Display Port market is highly competitive, driven by several key companies that lead in technological development, and product innovation. Key players include Intel, NVIDIA, AMD, etc. Both NVIDIA and AMD incorporate DisplayPort support into their graphics cards, catering to gamers, professionals, and enthusiasts who require high-performance displays with features like Adaptive Sync. VESA develops and promotes DisplayPort standards, ensuring interoperability and advancing features like higher resolutions, faster refresh rates, and improved audio-video capabilities.
In January 2024, VESA announced display port updates and extensions for automotive and gaming applications.
In June 2022, AMD introduced next-generation graphics that support display port 2.0 with HDR and high resolution.