The "Display Driver Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The display driver market is expected to register a CAGR of 5% over the forecast period 2021-2026. The display driver is mainly a semiconductor integrated circuit that provides an interface function between a microprocessor, microcontroller, ASIC, or general-purpose peripheral interface.
Samsung Electronics Co. Ltd
Key Market Trends
Smartphone to witness significant growth
The display driver market is promptly driven by the development of the smartphone market around the world. Smartphones offer high quality and performance and act like a computer by providing real-time information. They became an integral part of human lives. Short life span due to upgradation of technology at a rapid speed is forcing major players to invest in research to develop and differentiate their offerings with advanced functionality.
For instance, Samsung officially launched its much-awaited "Samsung Galaxy Fold" smartphone in September 2019 that defies the category with a 7.3-inch Dynamic AMOLED display (active-matrix organic light-emitting diode). It is the foldable display that allows users to transform it into a tablet-like device and has six cameras, 21:9 secondary display, and 512GB of onboard storage. Samsung mobile business chief, Koh Dong-jin, at CES told that the company sold between 400,000 to 500,000 Galaxy Fold phones in 2019, which is a pretty good figure for a device that is priced at USD 2,000.
Moreover, the 5G network will offer high speed to download full-length movies in seconds and will spike the demand for 5G enabled smartphones. Hence, companies are investing in developing and designing phones with higher resolution and increased memory capacity so that people can download or play video games on the full-sized console.
The spread of COVID-19 across the world has hit the smartphone industry quite hard. The majority of countries are under lockdown, which halted manufacturing activities in almost all countries. In China, the outbreak is under control, and smartphone factories are ramping up production aggressively. However, the demand for smartphones is unlikely to pick up as most of the country's economy is highly disturbed. As of 13th April, there are more than 18,00,000 COVID-19 positive cases with over 115,000 fatalities across the world, and the United States is the worst affected country so far with more than 5,60,000 COVID-19 positive cases with 22,000 fatalities.
Asia Pacific is expected to dominate the market during forecast period
Asia-Pacific is expected to dominate the display driver market during the forecast period as the majority of market vendors are based out of South Korea, China, and Taiwan. Also, the region has a large number of raw material suppliers in addition to low labor costs.
The DDIC market for TVs is experiencing significant demand and supply chain shifts. The companies are ramping up its production capacity to meet better image resolution. Moreover, the increasing competition from Taiwan and Korea-based semiconductor components manufacturers are forced to invest in research and development aimed to improve the capabilities of these ICs. For instance, in 2019, MagnaChip, designer, and manufacturer of analog and mixed-signal semiconductor products for high volume consumer electronics invested USD 75,356 that was attributed to development activities for new OLED products.
AMOLED in the automotive sector in the Asia-Pacific region is boosting due to the quick adoption of electric cars and increased spending power of the customer. Increase demand for connected and safe vehicle features such as cellular voice connection and navigation are also pushing the demand for display drivers. For instance, Nexus 2020 RX 450hL, the luxury arm of Toyota, launched in 2019, is a self-charging hybrid electric vehicle that has a new touch-display screen in addition to the Lexus-original remote touch interface that allows customers to navigate menus and features with a new remote touchpad on the center console.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising in demand for LCD panels for mobile devices, TVs, and PC monitors
4.2.2 Increase Investment for Innovative Display for the Automotive Sector
4.3 Market Restraints
4.3.1 Increase in Stringent Rules and Regulations for Safety and Security of Vehicles Varies in Many Countries
4.4 Value Chain/Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.6 Assessment of the Impact of COVID-19 on the Industry
5 MARKET SEGMENTATION
5.1 By Driver Type
5.2 By Device
5.3 By Geography
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Investment Analysis
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/9rtsko
View source version on businesswire.com: https://www.businesswire.com/news/home/20210421005740/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900