Introduction of Improved DisplayPort Capabilities to Drive Future Growth in the Global DisplayPorts Market
Global shipments of DisplayPort-Enabled Devices are forecast to exceed 2.7 billion units by 2024, driven by growing need for advanced display interface standards across various devices including ultra-high-definition displays, smartphones, and AR/VR headsets.
DisplayPort is an open digital display interface established by the VESA (Video Electronics Standards Association), an independent standards entity for connecting digital video and audio sources to display devices at lower EMI and power in comparison to existing legacy standards. Growth in the DisplayPort interface market is driven by the increased consumer demand for high-quality video content and high-performance displays in thinner form factors. Due to their capability of supporting other legacy display interfaces, such as HDMI, DVI, and VGA through simple and affordable adapters without replacing existing displays and projectors, DisplayPorts continue to gain increased adoption in mobile display applications markets. Growth in the market is also supported by increasing use of Embedded DisplayPorts and proliferation of displays with 4K and higher resolution. A major portion of the growth stems from the growing adoption of the DisplayPort Alt Mode in consumer electronic devices using the new USB Type-C™ connector. The introduction of new version, Display 1.4 that supports the DisplayPort™ High Bit Rate 3 (HBR3) and features additional capabilities makes it fit for implementation in high-end electronic gadgets requiring high quality sound and image quality further expanding new opportunities.
Growing demand from AR/VR technologies for higher bandwidth levels for video transport, is further driving the demand for improved DisplayPort capabilities. The demand for DisplayPort is additionally supported by the introduction of an expanding range of new Thunderbolt 3 enabled products including Notebook and Desktop PCs, mobile PCs, portable non-volatile memory express solid state drive (SSD) based storage, among other categories. Use of DisplayPort in Virtual Reality, Personal Theatre and Augmented Reality Headsets is gaining popularity, benefitting from its capability to connect PC and gaming consoles to headsets through a single USB Type-C cable. The trend is supported by the high-performance, multi-screen video capability and compatibility of DisplayPort Alt Mode.
As stated by the new market research report on DisplayPorts, Asia-Pacific represents the largest and the fastest growing market worldwide at a CAGR of 38.7% over the analysis period.
Growth in the market is led by factors such as strong mobile device penetration, robust mobile application deployments, increasing adoption of display devices with higher resolution, and growing consumption of computing devices against the backdrop of an expanding mobile workforce. Continued urbanization, growth in GDP, rising employment levels, improving standard of living, and increase in discretionary spends all represent broader variables creating new market opportunities for DisplayPort enabled devices in the region.
Key players in the market include ADLINK Technology Inc., Advanced Micro Devices Inc., Analogix Semiconductor Inc., ATEN International Co. Ltd., Digital View Group, Integrated Device Technology Inc., Intel Corporation, Molex Inc., NXP Semiconductors N.V., Parade Technologies Inc., PNY Technologies Inc., Quixant Ltd., STMicroelectronics N.V., and Texas Instruments Inc. among others.
The research report titled “DisplayPorts – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, product launches and strategic industry activities of major companies worldwide. The report provides market estimates and projections in units for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
For enquiries e-mail us at [email protected] or [email protected]. For cutting edge analyst reviews on top industries, follow us on Twitter and connect with us on LinkedIn
