Increasing the Market for Consumer Electronics Globally to Ensure Rapid Growth for the Display Controller Market
Globally, the display controller market is expected to grow with a CAGR of 10.5% during the forecast period from 2019 to 2027, starting from 2018, with a market value of US$24.60 Bn. Display controllers are defined as integrated circuits or components that control the interface between a buffer and a monitor. They are one of the main components of various displays, such as LCD screens, mobile phones, and others. The display controller takes the content or information from the frame and represents it as an output on the display monitor or screen. Thus, the display controllers are used for controlling the operations of the displays.
The advancement of technology in display controllers has evolved rapidly during the past few years, which is significantly driving the demand for display controllers. Additionally, increasing demand for advanced computation devices, growing usage of display controllers for teleconferencing, and increasing adoption of display controllers in the retail sector are some of the factors fueling the growth of the display controller market. However, the implementation of varied operating systems and a lack of skilled workforces are likely to restrain the market growth during the forecast period.
Market Synopsis
Display Controller with Mobile Communication Devices in Its Application Segment Continues Dominating the Market
Based on application, the global display controller market was led by mobile communication devices in 2018, contributing to the highest percentage of market share of over 23.0% of the total revenue generated globally. The continuous development of mobile and tablet devices and the increasing demand for smartphones are driving the growth of the market globally. Moreover, the growing demands for display controllers in electronic devices such as desktops, LCDs, laptops, and others also play a vital role in the growth of the market.
North America Dominates the Market by Region
The display controller market is led by North America, which is expected to grow with a CAGR of 8.6% during the forecast period. Growing penetration of high-performance displays across applications, including consumer electronics, automobiles, and several others, is the primary factor supporting the market's growth. Moreover, technological developments in countries such as the US, Canada, and Mexico are also fueling the growth of the market. The US accounts for the largest market share in the region due to the increasing adoption of LCD and graphic controllers for industrial and domestic applications.
Some of the prominent players operating in the display controller market include LG Display Co., Ltd., Samsung Electronics Co., Ltd., Toshiba Corporation, Novatek Microelectronics Corporation, Texas Instruments, Inc., Fujitsu Limited, Intersil Corporation, Cyviz, As., Seiko Epson Corporation, Digital View Inc., Solomon Systech Limited, and Raio Technology Inc.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The display controller market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global display controller market based on display type, application, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of display controllers in 2018, and what is the forecast up to 2027?
Which is the largest regional market for mobile communication device applications?
What are the major trends followed in the display controller market across different regions?
Who are the key display controller companies leading the market?
What are the key strategies adopted by the leading display controller companies on the market?
Unique data points of this report
Statistics on display controller penetration and spending worldwide
Recent trends across different regions in terms of the adoption of display controllers for various applications
Notable developments are going on in the display controller market.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Question:
The market for Display Controller Market is expected to reach USD$ 24.60 Bn in 2027.
The Display Controller Market is expected to see significant CAGR growth over the coming years, at 10.5% .
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Samsung Electronics Co., Ltd., Toshiba Corporation, Novatek Microelectronics Corporation, Texas Instruments,. are some of the major players in the global market.
