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.

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Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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