London, 14 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global display driver IC market 2015-2019, which is expected to grow at a CAGR of 2.68% during the forecast period of 2014-2019.
Rapid growth in the smartphone market is expected to boost the prospects of growth in this market. The integration of display driver integrated circuits (ICs) with touch controllers in smartphones is gaining popularity and will positively impact the display driver IC market. Other factors like flexible and curved displays and monitors, foldable smartphones, and UHD TVs are also responsible for augmenting the prospects of growth in this market.
“Display technologies such as foldable smartphones, flexible displays, and curved displays are gaining popularity with consumers. These displays have features like sleekness, reliability, flexibility, and ruggedness, so there is greater demand for display driver ICs,” says Faisal Ghaus, Vice President of Technavio.
“In spite of the technical challenges associated with the development of high-resolution and low-power- consuming display driver ICs, which are compatible with all kinds of devices, flexible displays have a promising future.”
Key Market Drivers:
- Demand for High-End Smartphones.
- High Penetration of UHD TVs.
- Frequent Product Replacements.
- Growth of Semiconductor Wafer Industry.
Key Market Trends:
- Availability of Diverse Display Technologies.
- Increased Demand for Small Displays Over Large Displays.
- Integration of Display Driver and Touch Controller.
Key Market Vendors:
- Himax Technologies
- Novatek Microelectronics
- Renesas Electronics
- Samsung Electronics
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
