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The global DisplayPort IP market size was USD 14,166 Thousand in 2022. The market is projected to grow from USD 14,985 Thousand in 2023 to USD 24,579.1 Thousand in 2030 at a CAGR of 7.3% during the 2023-2030 period.
The DisplayPort IP Core is widely used in multiple high resolution video applications in various consumer electronics devices such as PC laptop and PC monitors. It is designed to replace older standards like DVI and VGA. Apart from consumer electronics, it is also used across devices in broadcast, medical, industrial, and military applications
In the scope of work, market size is defined as revenue generated from the sale of VESA-compliant DisplayPort Transmitter core & Receiver core and Controller IP Cores for different DisplayPort versions
In the global DisplayPort IP market report scope, we have included functions offered by companies including Trilinear Technologies, Synopsys, Inc., Lattice Semiconductor, Advanced Micro Devices, Inc., and others.
Customer and Industry Consolidation and Technological Advancement during the Pandemic Led to Market Growth
The pandemic resulted in a continuous global semiconductor shortage, supply chain interruptions, and other troubles in international trade relations, such as export licenses, tariffs, and further government trade constraints. As per VESA, the rollout was postponed due to the COVID-19 pandemic. It prohibited the standards team from executing its PlugTest events, where hardware developers and engineers convene to think, discuss, and resolve the standard's application. However, the later release of the upgrade did benefit the DisplayPort IP industry with compatibility for higher resolutions, UHBR (Ultra high bit rate), greater bandwidth, and other features.
The EDA industry has developed, and consolidation has caused stronger competitiveness from enterprises that can compete as solitary source vendors. Hence, the product competition in the EDA industry effectively changed due to customer and industry consolidation and technological advancements. For instance,
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High Bandwidth and Adaptive-Sync Technology of DisplayPort IP are increasing its Demand in the Gaming Industry
Gaming surface render time differs as per the scene complexity. With older permanent refresh rate displays, the new frame is deferred causing stutter or tearing and added latency. Adaptive Sync seamlessly expands the frame period to accommodate longer rendering time.
Such supportive advanced features of DisplayPort IP give gaming players an enhanced immersive experience, thereby allowing vendors in the market to design and develop new solutions for gaming applications. For instance,
Such factors surge the growth of DisplayPort IP solutions in the gaming industry.
Growing Demand for Higher Resolutions Propels the Displayport IP Market Growth
DisplayPort standards offer up to three times augmented bandwidth performance compared to its previously launched upgrades. These new updates include resolutions beyond 4K, higher dynamic rates (HDR), better refresh rates, enhanced support for multiple display configurations, and many other features. 8K standards provide better frame refresh rates of up to 120 frames per second, an additional artificial color dynamic range for brightness, and upgraded audio channels. Hence, the market adoption of high resolution empowered solutions is increasing. DisplayPort has aided the way for prominent inflection points in video mechanisms such as 5K, 8K, and UHD videos over HDR and USB-C. The enormous bandwidth of DisplayPort IP makes it feasible to handle 4K resolution at 240Hz and 8K at DSC. Such demand help to drive the global market.
Higher Cost of DisplayPort Devices and Cables Compared to Other Interfaces Can Impede the Market Growth
Various alternatives to DisplayPort IP interfaces exist, such as HDMI and DVI VGA. These interfaces are comparatively lesser in cost as compared to DisplayPort. Also, these devices are compatible with older version display interfaces. For example, older displays only support VGA/DVI and may involve an adapter or converter to be linked to a DisplayPort device. DisplayPort devices and cables can be costly compared to older display interfaces, and hence price-profound markets can limit the adoption of solutions.
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Rising Need for Maximum Data Rate For High Quality Format Contributing to Segmental Growth for Version 1.0/1.1/1.1a
The global market is categorized into DisplayPort 1.0/1.1/1.1a, DisplayPort 1.2/1.2a, DisplayPort 1.3, 1.4/1.4a, DisplayPort 2.0, and DisplayPort 2.1.
Among these, version 1.0/1.1/1.1a contributes a significant market share in the segment. This version supports a maximum data rate of 8.64 Gbps over a four-lane main link. This increased data rate allowed for higher resolution and refresh rate for displays. This version added support for high bit rate audio, enabling the transmission of high-quality audio formats, such as Dolby TrueHD and DTS-HD master audio, over the DisplayPort connections.
Version 2.1 is expected to grow at the highest CAGR during the forecast period (2023-2030). Owing to rising demand of high resolution displays, and emerging technologies like 8K and beyond.
Need for DisplayPort IP Core in Various Consumer Electronics and Laptops Driving the Market Growth
Based on the application, the global market is segmented into consumer electronics, automotive, and industrial (healthcare and defence).
Consumer electronics contributed held a significant market share in 2022. Various modern computers and laptops come equipped with DisplayPort IP Core outputs to connect external monitors or displays. Thus, adoption of IP in commercial electronics has increased.
Automotive is expected to grow at the highest CAGR during the forecast period (2023-2030). Owing to the increased interest in using DisplayPort IP Core technology in-car displays and infotainment systems. The automotive industry continuously integrates advanced technology to enhance user experience, which will help grow the industry to propel in the Europe.
North America DisplayPort IP Market Size, 2022 (USD Thousand)
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The market has been studied for the following regions: North America, Europe, Asia Pacific, and the Rest of the World
North America dominated the global market in 2022. Major players in North American countries are engaging in partnerships, mergers, and acquisitions with small businesses to strengthen their businesses and expand their customer base. Further, the increasing adoption of high resolution and high-performance displays in the entertainment and gaming industry and the increasing adoption of DisplayPort in embedded systems all contribute to the growth of the market. DisplayPort supports 8K displays and offers higher refresh rates than other interfaces. This makes it an attractive option for both consumers and manufacturers. DisplayPort is ideal for embedded applications as it can carry high-quality video and audio signals over a single cable. Thus, all the above factors contribute to the North American market growth.
Europe is expected to grow with a notable CAGR during the forecast period. Market growth in Europe is also driven by major players such as STMicroelectronics and NXP Semiconductors. These players constantly focus on product expansion and upgradation in the DisplayPort market. As more people consume HD content, the need for devices that support this content increases. Additionally, the need to connect video sources to display devices such as computer monitors, and USB, carry audio, and other forms of data are all contributing to the European market growth.
Asia Pacific is the fastest-growing region for DisplayPort. This is partly due to the high demand for high-performance displays in the gaming and entertainment sector and the rapid adoption of embedded devices. The Asia Pacific region also benefits from the presence of big players such as Intel Corporation, LG Electronics, and Sony Corporation. Key strategies such as partnerships and product launches are supported by industry leaders.
Intel Focus on Partnership and Expanding their Product Offerings
Key market players are upgrading their existing solutions and innovating new ones to keep up with the dynamic customer demands. Advancing current offerings benefits businesses in developing advanced IP solutions that deliver better user experience and determine measurable evaluations over existing market dynamics. Innovation abilities help to gain access to enhanced solutions globally and set up a new potential customer base in the market. For instance,
In August 2022, Intel revised the Linux graphics driver sustenance for DisplayPort MST DSC (Multi-Stream Transport Display Stream Compression). The feature permits several individual video indications to be sent across a single DP output for the usage of an MST hub. With DSC for Multi-Stream Transport, it enables compressing the signal and supports up to three 4K displays.
An Infographic Representation of DisplayPort IP Market
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The market research report highlights leading regions across the world to offer a better understanding to the user. Furthermore, the report provides insights into the latest industry growth trends and analyzes technologies that are being deployed at a rapid pace at the global level. It further offers some drivers and restraints, helping the reader gain in-depth knowledge about the market.
CAGR of 7.3% from 2023 to 2030
Value (USD Thousand)
By Version, Application, and Region
(By Version; By Application; and By Country)
According to Fortune Business Insights, the global market size is projected to reach USD 24,579.1 Thousand by 2030.
In 2022, the market value stood at USD 14,166 Thousand.
The market is projected to grow at a CAGR of 7.3% during the forecast period.
Based on version, Displayport 1.0/1.1/1.1a is the leading segment in the market.
Growing demand for higher resolutions panels to propel the market growth.
North America is expected to hold the highest market share.
Asia Pacific is expected to grow at the highest CAGR during the forecast period.
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