Display Driver Market Trends

Display Driver Market Drivers

Increase in Demand for OLED Displays

• The display driver market is expected to grow rapidly, which ultimately increases the demand for high-performance display driver ICs and then pushes the market towards higher growth Smart devices such as smartphones, wearables (smartwatches and AR/VR HMD), smart TVs, OLEDs and flexible displays are leading the way in the display industry. South Korea produces more than 95% of all OLED display panels, with the majority of OLED-based display driver demand coming from South Korea's Samsung and LG Display mainly invested in OLED technology and their production development is likely to dominate South Korea's OLED displays, in terms of size.

Growing Demand for Better Graphics and Graphics in Electronic Devices

• The ever-increasing demand for better graphics and graphics in electronic devices is also driving the need for display drivers that can provide high quality graphics and images. This is one of the main drivers for the global display driver market. The continuous advancement in display driver technology that enables display drivers to perform better and deliver better graphics and images is another major factor driving the global display driver market.

Display Driver Market Restraints

Rapidly Evolving Technologies

• The market for display drivers is constantly evolving with the introduction of new technologies and standards on a regular basis. This makes it difficult for companies to stay alert of the latest developments and ensure that their business drivers are aligned with the latest technologies

Complex Supply Chain

• A highly complex supply chain in which raw materials and components are sourced from multiple countries. This makes it difficult to manage the supply chain and ensures that there are no breakdowns or delays in production.