The global display controller market is expected to exhibit a steady 10% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global display controller market is expected to rise to a valuation of USD 36 billion by 2023, according to MRFR.
Competitive Analysis:
Leading players in the global display controller market include RAiO Technology Inc., Solomon Technology Ltd., Seiko Epson Corporation, Fujitsu Limited, Intersil, Novatek Microelectronics Corporation, Toshiba Corporation, Texas Instruments Inc., LG Display Co. Ltd., and Samsung Electronics Co. Ltd.
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Segmentation:
The display controller market has been segmented on the basis of display type, video interface type, application, component, and region.
By display type, the global display controller market is segmented into LCD controllers, touchscreen controllers, multi-display controllers, smart display controllers, and graphics display controllers. LCD controllers are likely to retain the dominant share in the global display controller market due to the widespread usage of LCD screens and their growing demand.
By video interface type, the global display controller market is segmented into VGA, WVGA, DVI, HDMI, VHDCI, and display port.
By application, the global display controller market is segmented into appliances, industrial control, medical equipment, office automation, automotive, mobile communication devices, entertainment and gaming, and others.
By component, the global display controller market is segmented into video shifter, video interface controller, and video co-processor.
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Regional Analysis:
North America is likely to dominate the global Display Controller Market (COVID-19 Impact Analysis)over the forecast period due to the growing demand for advanced display technology in the region. The increasing demand for consumer electronics such as TVs, smartphones, and laptops with advanced display technologies such as OLED and LED is likely to drive the display controller market in North America over the forecast period. Due to the increasing disposable income of consumers, many people are demanding higher display technologies in smartphones, which have rapidly become the new laptop for the masses looking for a powerful computing device capable of carrying out business tasks effortlessly. OLED displays have become the new norm in smartphone tech, with major players such as Samsung, Google, and Apple vying for the top spot in terms of display technology. This is likely to remain a major driver for the display controller market in North America over the forecast period, as advanced video display technology requires advanced controllers with a corresponding level of innovation and advancement.
The presence of several major players in the video display field in North America is also likely to be a major driver for the display controller market in the region over the forecast period. Players such as Texas Instruments and Intersil have emerged as major players in the semiconductor industry in recent years, leading to strong performances from these players. The growing demand for semiconductor technology in video displays is likely to be favorable for the North America market, as the market is home to several global leaders in the semiconductor industry and is likely to remain the global pioneer when it comes to technological innovations in the semiconductor and video display fields.
Europe holds the second largest share in the global display controller market and is likely to retain a major share in the market over the forecast period due to the strong presence of display controller developers in the region’s highly advanced tech research scenario. Display technology is among the most profitable avenues for electronics industry leaders at present, with stable, clear displays that can incorporate various functionalities becoming a sought after item among tech leaders. The display controllers market is thus likely to make steady gains in the Europe region over the forecast period.
Asia Pacific follows Europe as the third largest regional market for display controllers and is likely to retain a notable share in the global market over the forecast period due to the strong presence of video display tech leaders in Japan, South Korea, Taiwan, and China. The Asia Pacific market has emerged as a major player in the consumer electronics industry due to the growing demand for consumer electronics from the urban demographic in Asia Pacific. This is likely to drive the demand for advancements in video display technology in the region over the forecast period, thus driving the display controller market in the region.
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