Global Shipments of DisplayPort-Enabled Devices are Forecast to Exceed 2.2 Billion Units by 2024
Indispensability of Digital Display Interfaces in Electronic
Devices in an Era Where Over 95% of Media Interactions are Screen-Based Drives
Growth of the Global DisplayPorts Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches
comprehensive analysis of industry segments, trends, growth drivers, market
share, size and demand forecasts on the global DisplayPorts markets. Global shipments of DisplayPort-Enabled Devices are
forecast to exceed 2.2 billion units by 2024, driven by the indispensability of digital display
interfaces in a wide range of media devices such as smartphones, tablets, PCs,
ultra-high-definition TVs, virtual reality headsets against the backdrop of growing
consumption of high-quality video content on these devices.
DisplayPort is
an open, royalty-free, digital display interface established by VESA (Video
Electronics Standards Association). The interface is recognized as a high
performance, next generation display technology with the capability to offer high
resolution and color depth on standard cables. Originally developed as a
display interface for personal computers, DisplayPort are currently available
on range of products including notebooks, tablets, laptops, monitors, digital
televisions, including 4K TVs, and
augmented reality (AR) and virtual reality (VR) headsets. This is mainly
driven by attributes such as high performance capability, versatility,
robustness, and interoperability of the interface technology. Growth in the
market is led by the increased consumer demand for high-quality video content
and high-performance displays in thinner form factors. The introduction of new standard,
Display 1.4 which aims at addressing the growing demand for displays with
higher resolution, deeper and wider color range, and enhanced dynamics opens
new window of opportunities. Expected for release in 2017, the DisplayPort
standard supports Display Stream Compression (DSC) 1.2 transport, enhanced display resolution, Forward
Error Correction, and expanded audio transport capabilities. The enhanced
capabilities make the DP version suitable for use in high-end electronic
products such as 4K TVs which demand sharp audio and superior image quality.
The growth in
the DisplayPort market is expected to gain momentum with the growing demand for
4K Televisions. Continued demand for 4K TVs and expected drift to 8K in the
near term is expected to bode well for the DisplayPorts market. DisplayPort
interfaces with HBR3 are likely to drive 8K video resolution employing a single
connection. Further, the DisplayPort™ over USB-C™ protocol with capabilities
such as video transport compression allows USB Type-C connectors and cables to
deliver full DisplayPort audio/video performance, USB 3.1 data and up to 100
watts of power while also facilitating High Dynamic Range (HDR) and high
resolution video across the DisplayPort. Use of DisplayPort in Virtual Reality,
Personal Theater and Augmented Reality Headsets is also gaining popularity, benefitting
from its capability to connect PC and gaming consoles to headsets through a
single USB Type-C cable. Embedded DisplayPort (eDP) display strong potential as
embedded display interface for very high-resolution displays in PCs, notebooks
and tablets.
As stated by
the new market research report on DisplayPorts, Asia-Pacific represents the largest and the fastest
growing market worldwide led by factors such as stable economic growth; digitalizing
lifestyles of the expanding base of middle class population and a parallel
increase in the use of computing devices and display devices; rise of
multi-screen content consumption; and consumer demand for multi-streaming capabilities
and the ensuing spurt in sales of DisplayPort 1.2.
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: A Global Strategic Business Report” 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.
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