According to Market Research Future Reports (MRFR) analysis, the global display controller market is estimated to be worth $32 billion by 2023, growing at a CAGR of 9% from 2017 to 2023. The COVID-19 pandemic has had a huge impact on the Global Display Controller Market 2020. The Market May Grow During COVID-19.
The growing adoption of electronic devices is the major factor driving the global display controller market. The market is growing at a steady pace across the globe. With the growing demand for display controllers for various applications such as medical equipment, industrial controls, office automation, mobile communication devices, wearable equipment, touch screen monitors and others, the market is growing at a pace fast. Companies produce dual ICs for display controllers, which are in high demand due to the display controller chip that can control the contents of video RAM. Graphic display controllers and system-on-chip solution are gaining momentum in graphic display controller consisting of flexible layer concept with 3D and 2D rendering capabilities. Companies are investing heavily in manufacturing ICs widely used in display controllers. Companies like Fujitsu Limited (Japan), Texas Instruments, Samsung Electronics Co., Ltd. (South Korea), Inc. (USA), LG Display Co., Ltd. (South Korea) have made the competition very fierce. Manufacturers actively invest in the innovation of their products with research and development. Steady development in controller technologies and increased adoption of display controllers in video broadcast equipment are some of the factors propelling the expansion of the display controller market during the considered period.
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Display Controller Market Key Players
The major players in the global display controller market are Texas Instruments, Inc. (USA), Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Fujitsu Limited (Japan), Novatek Microelectronics Corporation (Taiwan), Toshiba Corporation (Japan), Seiko Epson Corporation (Japan), Intersil Corporation (United States), STMicroelectronics (Switzerland), Grayhill Inc. (United States States) and a few others.
Display Controller Market Regional Analysis
The regional study of Europe, North America, Asia-Pacific and the rest of the world has been carried out. According to MRFR analysis, North America is the dominant region across the globe when it comes to market share. It is in high demand as it is widely used in the electronics industry for its flexibility, reliability and advanced performance. The APAC region, which includes India, Japan, and China, is in the development stage in the field of display controllers and is expected to thrive at the highest CAGR in the coming period. On the other hand, the European region is expected to show robust growth in the coming period.
The global display controller market is segregated based on application, types and region.
Based on the application, global display controllers can be separated into office automation, medical equipment, mobile communication devices, entertainment and games, industrial control and others.
Based on type, global display controllers can be separated into LCD controllers, digital display controllers, smart display controllers, multi-display controllers, touchscreen controllers, and others.
Based on region, Global Display Controllers can be segregated into Asia Pacific, Europe, North America, and Rest of the World.
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April 2020, Texas Instruments, an American technology company is betting big on lifespan. Very few companies were able to do this in the middle of CODI-19. The Texas Instruments team has drawn up a plan to keep its production of chip manufacturing facilities at the same level as at the start of the year before the COVDI-19 outbreak.
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