Market Overview
In this rapidly changing world of technology, display controller market is projected to show major growth prospects during the forecast period. Major factor driving the Display Controller Industry is the increasing adoption of interactive displays in order to enhance customer service experience.
Display Controller Market Research is required to develop at approx. USD 36 Billion by 2023, at 10% of CAGR somewhere in the range of 2017 and 2023.
In the global Display Controller Market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, display controller market is projected to contribute faster to the growth of revenue backed by increasing demand for mobile computation devices and growing need for sophisticated display controllers in countries such as Japan, China and India. This is owning to the presence of key players like Samsung Electronics and Toshiba Corporation in the region. Samsung Electronics has been dominating the display controller market owing to the increasing demand for consumer electronics.
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Key Players
The prominent players in display controller global market are – Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Texas Instruments, Inc. (U.S.), Toshiba Corporation (Japan), Novatek Microelectronics Corporation (Taiwan), Intersil (U.S.), Fujitsu Limited (Japan), Seiko Epson Corporation (Japan), Solomon Technology Ltd. (Hong Kong), RAiO Technology, Inc. (Taiwan) among others.
Segmental Analysis
The global Display Controller Market has been segmented with respect to application and types.
Application-based market segments are industrial control, entertainment & gaming, mobile communication devices, office automation, and medical equipment. Mobile communication device application has the highest chance of gaining the largest share in the global market. Some of the products produced in the market are smartphones and tablets, which can expand further in the coming years, in turn giving a boost to the growth of the display controllers market.
Type-wise, the worldwide market includes LCD controllers, digital display controllers, smart display controllers, touchscreen controllers, and multi-display controllers.
Detailed Regional Analysis
The geographical distribution of the global display controllers market includes Europe, North America, Asia Pacific (APAC), and the rest of the world (RoW).
Out of all the regions, North America has managed to attain the top spot in the global display controllers market, given the easy availability of internet facilities and the high use as well as the consumption of digital media.
The display controllers market in Europe is led by countries like Germany, France, the United Kingdom (UK) and Italy. These country-based markets are thriving owing to the surging adoption of touchscreen display controllers and multi-display controllers by video display devices manufacturers.
APAC can also gain high traction in the global display controllers market over the coming years, backed by the emergence of latest technologies in developing nations among others. Rising popularity of HD media also helps with the market growth in the region. The most lucrative markets for display controllers in the region include India, China, South Korea and Japan. Easy availability of low-priced products, sizeable capital along with sophisticated technologies also induce market growth in the region.
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