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Display driver IC market to grow by USD 3.793 billion from 2022 to 2027; The increasing penetration of smart devices drives growth - TechnavioNEW YORK, Aug. 18, 2023 /PRNewswire/ -- The display driver IC market is set to grow by USD 3,793.03 million from 2022 to 2027 progressing at a CAGR of 8.66% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing penetration of smart devices. Smart devices include smartphones, tablets, laptops, smart TVs, streaming media players, and other multimedia devices. Various developing economies like APAC, the Middle East, Africa, and South America are having high growth in the penetration of smart devices. Many factors such as economic growth, increasing literacy rate, and rising purchasing power are boosting the demand for smartphones and other devices. Hence, such factors drive the display driver IC market during the forecast period. -Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and the forecast period (2023-2027). Download Sample Report in minutes!
The display driver IC market covers the following areas: The report on the display driver IC market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. Display Driver IC Market 2023-2027: Market Dynamics The growing M&A activities are an emerging display driver IC market trend. To dominate their presence in the market, several vendors of display driver IC. For instance, vendors such as Renesas and Infineon Technologies are implementing certain inorganic strategies, such as M&A. Such product launches and M&A are expected to increase the competition in the market. Hence, such trends fuel the growth of the display driver IC market during the forecast period. The miniaturization of electronic devices challenges the growth of the display driver IC market. This is due to the increase in the miniaturization of semiconductor electronic devices. To reduce the board space, manufacturers are compelled to embed over 30 different high- and low-voltage circuits and analog functions in a single chip. Resultantly, it tends to increase the manufacturing cost. Hence, vendors are forced to constantly upgrade their offerings with more advanced and compact ICs to cater to consumer requirements. Hence, such challenges impede the market growth of the display driver ICs during the forecast period. Display Driver IC Market 2023-2027: Market Segmentation This display driver IC market report extensively covers market segmentation by type (gate driver and source driver), display Size (small, medium, and large), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report What's New?
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Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Related Reports: The automotive driver monitoring market size is estimated to grow at a CAGR of 9.34% between 2022 and 2027. The market size is forecast to increase by USD 1,582.69 million. This automotive driver monitoring market report extensively covers market segmentation by type (driver state monitoring and driver health monitoring), application (commercial vehicles and passenger cars), and geography (Europe, North America, APAC, South America, and the Middle East and Africa). One of the key factors driving the global automotive driver monitoring market growth is the increasing demand for commercial vehicles. The global audio driver IC (integrated circuit) market size is estimated to grow by USD 3,128.31 million between 2022 and 2027 at a CAGR of 15.86%. This report extensively covers market segmentation by application (consumer electronics, telecommunication, and automotive), type (mono channel, 2-channel, 4-channel, and 6-channel), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The increasing penetration of smart devices is notably driving the market growth.
Key Topics Covered: 1 Executive Summary About US Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact
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