Persistence Market Research
During the last two decades, electronic technology has made impressive progress. Today’s electronic displays make use of a wide variety of active display drivers (a driver is basically a semiconductor integrated circuit). The LCD driver market is one of the fastest growing markets due to increasing demand for LCD displays, low power consumption electronics goods as well as touch-enabled displays in consumer electronics & devices. Moreover, the growing global demand for electronics devices will fuel the growth of the LCD Driver market.
An LCD display driver is a peripheral device which interfaces to a liquid crystal display (LCD). It generates drive signals and may be cascaded for larger LCD applications. LCD display drivers control the complex AC voltage requirements for liquid crystal displays and work with an LCD controller to keep refreshing pixel information to the drive circuitry. Several display drivers are specifically designed to easily interface with a variety of microprocessors or microcontrollers and a wide range of LCD display types.
LCD Driver market: Drivers and Challenges
The major growth drivers for the LCD Driver market include rise in demand for energy-efficient electronic products, growing demand for high power density and growth in various industrial applications. Furthermore, increasing demand for energy efficient lighting & high-quality picture images coupled with several energy-saving government initiatives taken to ban conventional halogen bulbs are expected to propel the growth of the global LCD driver market during the forecast period. In addition to this, increase in adoption of consumer electronics devices is projected to drive the growth of LCD driver market globally.
Major challenges in the LCD driver market are higher cost and thickness of device display in comparison to other modules. The LCD driver market is expected to show a shrink and fluctuation in its growth rate because of the higher number of tracks required in case of LCD drivers in comparison to other types of module. In addition, worldwide financial uncertainty and macroeconomic situations, such as fluctuations in currency exchange rates and economic difficulties, are some of the major factors hindering the growth of the LCD driver Market.
LCD Driver market: Segmentation
Segmentation on the basis of Product Type:
On the basis of Product Type, the LCD driver market can be segmented into LCD character driver, LCD graphic driver and LCD segment driver. Due to increasing demand for consumer electronic goods and increasing demand from several industries, the LCD graphic driver segment is expected to grow with more than 8.5% CAGR during the forecast period.
Segmentation by Application:
For the purpose of doing in depth analysis, the LCD Driver market has also been segmented on the basis of application. Based on application, the LCD driver market has been segmented into eight categories: industrial displays, telecom product displays, consumer product displays, automotive dashboard displays, panel meters, portable system displays, optical displays and others. The automotive segment is anticipated to witness high growth during the forecast period due to increasing demand for advance automotive dashboard displays.
Key Contracts in LCD Driver market are as:
Some of the major players in Global LCD Driver Market include Samsung Electronics Co., Ltd., LG Display Co., Ltd., Cyviz As, Raio Technology Inc., ON Semiconductor, Toshiba Corporation, Texas Instruments, Inc., Novatek Microelectronics Corporation, Seiko Epson Corporation, Fujitsu Limited, Digital View Inc., Solomon Systech Limited, SEOUL Semiconductors, Renesas electronic corporation, Western digital, Mitsubishi Electric Corporation and others.
Presently, North America and Asia Pacific (APEC) hold the largest market share in the LCD driver market due to increasing demand from various industries and government initiatives being taken to ban conventional halogen bulbs. Moreover, Europe is the fastest growing market for LCD Drivers due to increase in adaptation of consumer electronics devices. The Demand for LCD Driver market has risen dramatically over the past 12 months globally. Use of LCD displays in various industries in these regions is pushing the growth of the LCD Driver market.
The report covers exhaustive analysis on:
Regional analysis for LCD Driver market includes development of these devices in the following regions:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.