USD 29.39 billion
Report ID:
SQSG45J2034 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
70
|Figures:
75
Global Display Controller Market size was valued at USD 29.39 billion in 2019 and is poised to grow from USD 32.24 billion in 2023 to USD 74.04 billion by 2031, growing at a CAGR of 9.68% in the forecast period (2024-2031).
A graphics card, often known as a display controller, is used to convert data files into visual representation. Because of its capacity to show visual content and support novel technologies to assure speedy functioning and detection of minor details in end-use goods, the display controller architecture has gained significant popularity for use across numerous industries, including healthcare.
The increased demand for displays and other video conferencing equipment, as well as the popularity of interactive displays in the retail sector, are among the factors influencing worldwide market trends in the future years. Retail displays are regarded as critical to successful marketing because they may provide informative and individualized experiences, resulting in greater brand loyalty.
US Display Controller Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 29.39 billion
Largest Segment
Automotive
Fastest Growth
Automotive
Growth Rate
9.68% CAGR
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The global Display Controller market is segmented based on type, application, and region. Based on type, the Display Controller market is segmented into LCD Controllers, Touchscreen Controllers, Multi-Display Controllers, Smart Display Controllers, Digital Display Controllers. Based on application, the Display Controller market is segmented into Appliances, Industrial Control, Medical Equipment, Office Automation, Automotive, Mobile Communication Devices, Entertainment & Gaming, Others. Based on region, the Display Controller market is categorized into North America, Europe, Asia-Pacific, and MEA.
Display Controller Market Analysis by application
The automotive segment is estimated to account for 19.6% of the global display controllers market by the end of 2028. Adoption of electronics devices in the automobile industry to improve end user experience and ease of operation is one of the primary factors driving the growth of the display controllers market. As the automobile industry continues to introduce new features, such as displays in cars for improved visualization, the demand for display controllers grows significantly. Given these characteristics, demand for display controllers is likely to rise significantly over the projection period.
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In 2021, North America had the largest global display controller market share. Major applications such as mobile communication and teleconferencing, e-learning, digital signage, advertising, and command and control are in high demand in this region. Display controller market growth in North America is being fueled by factors such as the availability of innovative technology and abundant funding.
The Asia Pacific region is expected to emerge as a lucrative revenue pocket for the display controller market, owing to considerable growth in the manufacturing sector as well as increased consumption of smartphones and TVs in emerging markets such as India and China. Toshiba, Seiko Epson, Texas Instruments, Fujitsu Limited (Furukawa Group), Siemens, Samsung Electronics, Novatek, and LG Display are among the prominent companies in the display controller market.
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Display Controller Market Driver
Increasing adoption of interactive displays in the retail sector for improved customer experience, rising demand for sophisticated display controllers in teleconferencing applications, rising demand for mobile computation devices with advanced display and controller technologies, and changing the role of display controllers from generic devices to holistic system controllers are some of the major and vital factors that will likely augment the growth of the display controller. On the other hand, increasing applications from the automotive sector, as well as the rising trend of employing displays at trade exhibits and events, will further contribute by producing significant opportunities, resulting in the expansion of the display controllers market throughout the forecasted timeframe.
Rising use of display control in the LED sector.
The key players in the LED sector are constantly focusing on a variety of display controls in the market to meet the demand of the end user, specifically in the medical sector.LEDs are being used more frequently in the medical industry to create equipment that is faster, cleaner, safer, and has a longer lifespan and display control can be vital part of this innovation.
Display Controller Market Restraint
Lack of skilled labour to design software programs as well as complex manufacturing applications would most likely serve as market barriers for the growth of display controllers in the above-mentioned anticipated period. The implementation of various operating systems would be the most difficult and time-consuming obstacle for the market's growth.
Exorbitant cost
The major drawback is the high cost caused for many innovations created. For instance, expenses caused for customization of touch tables.The item has high development potential, yet factors like exorbitant cost and low accessibility are significant restrictions for this item
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Key players in the display controller market are launching new products, acquiring other companies, and implementing various measures to broaden their product portfolios and acquire a competitive advantage in the global display controller industry. For example, in June 2021, Samsung Display announced plans to release large-scale QD-OLED display panels in the second half of the year as part of its $11 billion investment in large-sized OLED panel production by 2025. LG announced LG MAGNIT, its first Micro LED display product that uses the COB and Black Coating technologies, in September 2020, with the goal of catering to consumers in the Middle East, Asia, Europe, and the Americas.
Display Controller Market Top Player’s Company Profiles
Display Controller Market Recent Development
The adoption of electronic devices in the automotive industry to enhance the end user experience and increase the simplicity of particular operations is the major trend helping in the growth of the market.Constantly incorporating new features, such as displays in cars for better visualization is reason of driving the demand of display control.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global display controller market analysis, the display sector is constantly changing due to changing consumer behavior. As a result, display makers continue to research and develop new technologies and products, such as in-plane switching (IPS) display panels and quantum dots-based LCDs. A cold-cathode fluorescent bulb is used as the light source in traditional LCDs (CCFL).
Report Metric | Details |
---|---|
Market size value in 2019 | USD 29.39 billion |
Market size value in 2031 | USD 74.04 billion |
Growth Rate | 9.68% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Display Controller Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Display Controller Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Display Controller Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Display Controller Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQSG45J2034
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