Driver IC Market Expected to Reach US$ 6,842.2 Mn by 2027

-
According to a new market research report published by Transparency Market Research  the global display driver IC market is expected to reach value of US$ 6,842.2 Mn by 2027, expanding at a CAGR of 8.0% from 2019 to 2027. Asia Pacific is likely to continue to lead the global market, with the market in the region expanding at a CAGR of 8.7% between 2019 and 2027.

Increasing demand of OLED displays driving the global display driver IC market

As the OLED display technology and its manufacturing process have become mature, more and more applications have adopted OLED as smart displays. In addition, as self-emissive OLED displays come with a wide range of operating temperatures, they are suitable for use in outdoor applications, even under severe climatic conditions. Several manufacturers are using OLED displays in smartphones, TV sets, etc. For instance, Apple has switched from LCD panels to OLED panels for its next generation of iPhones. As the demand for OLED displays continues to rise, Taiwan-based manufacturers are adjusting their business structures so as to achieve increased production. Several companies, such as AU Optronics and Novatek Microelectronics, are expecting a substantial boom in OLED sales.

Global Display Driver IC Market: Scope of Report

The global display driver IC market has been broadly segmented in terms of display technology, application, end-use industry, and geography. In terms of display technology, the market has been classified into LCD, LED, OLED, and others. Among these, the LED segment accounted for a major share of 44.1% in 2018. The segment is expected to expand at a significant CAGR of 8.7% during the forecast period.


Based on application, the global display driver IC market has been divided into mobile phones, televisions, laptops, tablets, smart watches, automobile consoles, and others (including wearable devices and video walls). In terms of end-use industry, the global market has been classified into consumer electronics, healthcare, automotive, and others. In 2018 the consumer electronics segment accounted for a prominent market share. The segment is estimated to expand at a significant CAGR of 8.6% during the forecast period.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more