Leading market players are investing heavily in research and development to expand their product lines, which will help the display controllers market grow even more. Market participants are also undertaking numerous strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the display controllers industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global display controllers industry to benefit clients and increase the market sector. Major players in the display controllers market, including BOE Technology Group Co., Ltd. (China), Innolux Corporation (Taiwan), AU Optronics Corp. (Taiwan), Panasonic Holdings Corporation (Japan), Samsung Corporation (South Korea), and others, are attempting to increase market demand by investing in research and development operations.
LG Electronics Inc, a subsidiary of LG Corp, produces and distributes consumer electronics and home appliances. The company’s product portfolio comprises televisions, monitors, personal computers, refrigerators, audio and beauty appliances, video equipment, washing machines, dishwashers, air purifiers, dehumidifiers, residential and commercial air conditioners, and vacuum cleaners. It also offers vehicle components, smartphones, information displays, solar panels, substrate and material, motor and sensor components, optic solutions, automotive components and camera modules. In September 2020, LG Electronics launched its Micro LED signage solution. The LG MAGNIT uses Chip-On-Board (COB) technology with a 0.9 mm pixel pitch.
LG also uses its new Black Coating technology on the front of displays to improve contrast and color accuracy while protecting tiny LED pixels and reducing reflections.
Microchip Technology Inc develops, sells and manufactures specialized semiconductor products. Its product portfolio includes synchronization and timing systems, touch and gesture, wireless connectivity, power over ethernet, security ICs, sensors and motor drive, services, smart energy/metering, storage, clock and timing, data converters, embedded controllers and super I/O, FPGAs and PLDs, high-speed networking and video, parametric chart, microcontrollers and microprocessors, analog, amplifiers and linear ICs, interface and connectivity, led drivers and backlighting, memory products, power management products. It also licenses flash-IP solutions incorporated in a broad range of products.
Its solutions find applications in automotive, aerospace, defense, space, communications, computing, consumer and industrial control markets. In June 2022, Microchip Technology Inc. announced the maXTouch Knob-on-Display (KoD) family of touchscreen controllers. It is the first automotive-grade touchscreen controller family to natively help with the detection and reporting of capacitive rotary encoders and mechanical switches on top of a touch panel.