Global Market Insights presents the Display Controller market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue.
The Asia Pacific market is expected to grow at a significant rate while North America is estimated to hold a large portion of the display controller industry over the forecast period. The diverse applications of display controllers in the U.S. for appliances, industrial control, and mobile communication will contribute towards the market growth. The availability of inexpensive and abundant capital and advanced technologies are the major factors surging the display controller market growth in the North America region.
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Display Controller Market size is expected to experience a steady growth during the forecast period. This industry is predicted to witness a massive growth mainly attributed to the rising sales, technological advancements, and increased adoption of advanced displays and controller technologies in mobile communication devices and consumer electronics.
An ever-expanding demand for more sophisticated display controllers in teleconferencing applications is predicted to fuel the display controller market. The applications of display controllers have expanded to almost every sector. An instance is the growing adoption of interactive displays in the retail sector for enhanced customer experience. In addition, the role of display controllers is undergoing a transition from common devices to more holistic system controllers.
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The incorporation of display controllers into Interactive display devices has expanded their uses and benefits in the fields of healthcare, automobiles, travel, retail, and education, providing simple and user-friendly methods to enhance customer engagement and increase sales. A trend that is currently gaining popularity is the usage of displays in trade shows and events offering growth opportunities for display controller market.
A wide variety of operating systems and lack of uniformity in displays delivered from different manufacturers may prove the transition from one technology to another to be a complication. The development of software programs, primarily for multi-touch and multi-display applications, requires a skilled workforce, which may further inhibit the market growth. There is a lack of availability of skilled workforce to develop the required software, which may cause a major restraint for the display controller market growth. As panel sizes and applications are vast and varied, the manufacturing of these controllers is complex and highly specialized, proving to be a challenge for the industry growth.
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Based on the type, the display controller market is segmented into touchscreen controllers, LCD controllers, multi-display controllers, smart display controllers, and digital display controllers. LCD controllers are anticipated to lead the display controller industry mainly due to the penetration of LCD technology in the automotive, home appliances, consumer electronics, and office automation sectors.
Based on applications, the display controller industry can be divided into industrial control, appliances, medical equipment, automotive, mobile communication devices, office automation, and entertainment & gaming. Mobile communication device applications are anticipated to hold a significant size of the global market. Key products of this market include smartphones and tablets, which are predicted to encounter an exponential growth and the increased demand will be a major factor promoting the industry growth.
Vendors operating in the display controller market include LG Display, Novatek, Samsung Electronics, Siemens, Fujitsu Limited, Texas Instruments, Seiko Epson, and Toshiba. For instance, Samsung Electronics emphasizes on technological advancements and product innovations to capture more market shares.
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