Display Controller Market Size, Share, Growth Analysis, By Type(LCD Controllers, Touchscreen Controllers, Multi-Display Controllers, Smart Display Controllers), By Application(Appliances, Industrial Control, Medical Equipment, Office Automation), By Region - Industry Forecast 2024-2031

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).

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. 'Samsung Electronics Co., Ltd. (South Korea)', 'LG Display Co., Ltd. (South Korea)', 'Texas Instruments, Inc. (US)', 'Novatek Microelectronics Corp.', 'Synaptics Incorporated', 'Himax Technologies Inc.', 'MediaTek Inc.', 'National Instruments Corporation', 'Silicon Laboratories Inc.', 'Panasonic Corporation', 'STMicroelectronics N.V.', 'Toshiba Corporation', 'Integrated Device Technology, Inc.', 'NXP Semiconductors N.V.', 'Analog Devices, Inc.', 'Parade Technologies Ltd.', 'Innolux Corporation', 'ON Semiconductor Corporation', 'Seiko Epson Corporation', 'Renesas Electronics Corporation'

Rising adoption of interactive displays in the retail sector

The increasing demand for mobile computation devices with superior display and controller technologies, among others, as a result of the increasing trend of digitalization, is expected to drive the global Display Controller market at an exponential rate over the forecast period. Furthermore, the worldwide Display Controller market is segmented by video interfaces into video shifter, video interface controller, and video co-processor, among others. Furthermore, due to the growing usage of interactive displays in the retail sector for enhanced customer experience, numerous interactive display manufacturers are increasingly focusing on boosting output. This, in turn, is expected to drive the Display Controller Market in the coming years.

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.