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According to the new market research report on "Display Driver Market by Driver Type (DDIC, TDDI), Package Type (COF, COG), Device (Smartphone, Television, Automotive, Smart Wearables, HMD, Monitor), Display Technology (LCD, OLED), Display Size, and Geography - Global Forecast to 2023", The display driver market is estimated to grow from USD 7.1 billion in 2018 to USD 9.1 billion by 2023, at a CAGR of 5.1% between 2018 and 2023.

Growth in the use of 4K and 8K televisions and availability of UHD content and evolving role of DDICs in individual components and single integration chips also drive the growth of the market for display driver ICs.Study ObjectivesTo define, describe, and forecast the global display driver market, in terms of value, on the basis of driver and package type, display technology, display size and devices, and geographyTo estimate and forecast the display driver market, in terms of volume, on the basis of devicesTo provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the display driver marketTo strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall display driver marketTo analyze the opportunities in the display driver market for stakeholders and provide details of the competitive landscape for market leadersTo analyze key trends related to driver and package type, devices, and other factors that are likely to shape and influence the market Get PDF Brochure: https://www.marketsandmarkets.com/requestsampleNew.asp?id=60452441 LCD displays to account for major share in display driver market during forecast periodLCD displays are likely to hold a major share in the display driver market during the forecast period.

Construction of Gen 6 and above facilities by Chinese players, with government support in terms of finance and land offerings, can have significant impact on the global display panel market.

China is emerging as a leading country in terms of LCD display production due to the closure of several LCD manufacturing facilities by Samsung and LG Display in the last 3 years.

This will increase the production of LCD displays and subsequently increase the demand for LCD-based display drivers for a majority of the devices.

However, with high competition in the market and disruption in supply–demand ratio, the market for LCD displays is expected to saturate 2020 onward.Display driver market for smart wearables to witness highest growth during forecast periodThe display driver market for wearables devices (smartwatches and AR/VR HMDs) is expected to grow at the highest CAGR between 2018 and 2023.

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