In 2022, the market for display controllers generated US$27,500 million in sales. The market for display controllers is anticipated to grow at a CAGR of 9% from 2023 to 2033, reaching US$ 70,961 million.
Nearly 6.0% of the world’s display market is made up of display controllers. Due to the ongoing advancements in display technology, the market for display controllers is expected to grow even faster.
The market for display controllers is expanding as a result of things like:
controller usage is expanding in consumer electronics.
advancement of technologies across all industries.
expanding uses for video walls and digital signage.
The tendency towards digitalization is growing.
the expanding market for mobile computing devices with cutting-edge displays and widespread use of LEDs in the medical industry.
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A growing consumer preference for content delivery in video format is one of the prominent factors boosting demand in the display controller market. According to the report, manufacturers of display controllers are beefing up product offering leveraging technological advancements to provide increased video efficiency to customers.
“Increasing demand for state-of-the art in-vehicle display systems is pushing the sales of technologically advanced display controllers. For instance, Socionext’s APIX3 technology, in line with efforts to enable 4K resolution and deep color processing, is expected to cater to the increasing demand for high speed video and data connectivity up to 12 Gbps. Apart from that, considering the stringent regulation governing the automotive landscape, the new display controller is also said to have built-in multi window signature unit and multi-level CRC checks. At Future Market Insights, we anticipate, increased deployment of technologically advanced display controllers in automotive industry, in the coming years”, Senior Consultant
Key Growth Drivers Pushing Revenue in the Global Display Controllers Market, include,
Increasing deployment opportunities in automotive and healthcare industries. Manufacturers are focusing on delivering improved user experience along with ease-in-operations, specifically in healthcare and automotive industries. Whether it is in-car displays in the form of navigation and infotainment systems, head-up displays, and center displays or displays meant for operation purposes including X-Ray visualization display, automotive and healthcare applications of display controllers is expected to contribute towards revenue growth of the global market for display controllers.
Growing demand for smart electronic devices, specifically in developed regions including North America—in the form of smart phones, smart home applications having advanced security functionalities to cater to the growing needs of consumers, is a another key factor driving the display controllers landscape.
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The global display controllers market showcases a highly competitive landscape, with strategic acquisitions to enter new markets and new product launches being the core forward market strategies adopted by the manufacturers of display controllers. Considering the competition in a fragmented display controllers market, key manufacturers including Fujitsu Limited, Toshiba Corporation, Samsung Electronics Co., Ltd, LG Display Co., Renesas Electronics Corporation, Novatek Microelectronics Corporation, and Digital View Inc. among others are solidifying their market positions by developing new technologies and expanding their product portfolio.
Increasing adoption in smart watches and other wearable products is anticipated to drive the display controllers’ sales revenue. For instance, Epson Corporation, starting February 2018, shipped samples of its new memory display controller, meant for feature-rich wearable products such as smart watches, having low-power memory display. With capabilities to connect to a variety of microcontrollers, memory display controller boasts of three types of built-in host interfaces.
Key Insights Drawn from Segmentation Analysis of Global Display Controllers Market
- In terms of product type, multi-display controllers are anticipated to hold the largest market share; the segment expanding at 8.3% CAGR through 2027. Increasing deployment of multi-display controllers in video walls used at conferences and events is anticipated to create potential revenue opportunities for the manufacturers.
- North America is anticipated to remain the highest revenue generator, expanding at a robust CAGR of 8.6% throughout the forecast period. Novel innovations by key consumer electronics manufacturers is a major factor boosting display controllers sales in the region.
- LCD Display Controllers
- Touchscreen Display Controllers
- Multi-Display Controllers
- Smart Display Controllers
- Digital Display Controllers
- Medical Equipment
- Industrial Control
- Mobile Communication Devices
- Entertainment & Gaming
- North America
- Latin America
- Middle East and Africa (MEA)