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Display Driver Market Size

Report ID: GMI12399
Published Date: Nov 2024
Report Format: PDF

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Display Driver Market Size

The global display driver market was valued at USD 9.1 billion in 2023 and is anticipated to grow at a CAGR of 5.1% between 2024 and 2032.

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The rising demand for 5G-enabled devices, such as smartphones, tablets, and mobile hotspots, drives the display driver industry because these devices require high-performance displays to deliver enhanced user experiences. With 5G's faster data speeds and ultra-low latency, users expect smoother video streaming, gaming, and high-resolution visuals. Display drivers, which manage the communication between processors and screens, become critical in supporting the advanced features enabled by 5G technology.

Display Driver Market Report Attributes
Report Attribute	Details
Base Year:	2023
Display Driver Market Size in 2023:	USD 9.1 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.1%
2032 Value Projection:	USD 13.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	200
Tables, Charts & Figures:	359
Segments covered:	Drive type, display technology, Interface Type, Application
Growth Drivers:	Rising demand for 5G-enabled devices with displays Rising demand for OLED and AMOLED displays Growth in automotive display technology integration Expansion of high-resolution gaming monitors Proliferation of smart home devices with screens
Pitfalls & Challenges:	Power consumption concerns in high-performance drivers Competition from alternative display technologies

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For instance, in August 2022, MediaTek announced the launch of the T830 platform for 5G CPE devices, including fixed wireless access routers and mobile hotspots. The T830 platform helps operators to deliver 5G speeds up to 7Gbps using the sub-6GHz cellular infrastructure. The platform includes an integrated 3D GPU with a display driver.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for display driver was valued at USD 9.1 billion in 2023 and is expected to reach USD 13.9 billion by 2032, driven by a CAGR of 5.1% from 2024 to 2032.

The LCD display driver IC segment is projected to reach a value of USD 5.3 billion by 2032, driven by the affordability of LCD panels for consumer electronics.

The North America market accounted for a share of 32.2% in 2023, driven by technological innovation and a strong consumer electronics sector in the United States.

Major players in the industry include MediaTek, Samsung Electronics Co. Ltd, Novatek Microelectronics, Synaptics Incorporated, Magnachip Semiconductor, Focaltech, and Himax.