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The Display Controllers market, a critical component of the electronics industry, is influenced by various market factors that shape its dynamics. One of the primary drivers is technological advancements. As display technologies continue to evolve, there is a constant demand for more sophisticated and efficient display controllers. Manufacturers are compelled to stay abreast of the latest developments to remain competitive in the market. This includes integrating features like higher resolutions, faster refresh rates, and improved color reproduction in their controllers.
Market demand is another crucial factor shaping the Display Controllers market. The increasing adoption of displays in diverse applications, ranging from consumer electronics to automotive displays, contributes significantly to the market's growth. The rise in demand for smart devices, such as smartphones, tablets, and smart TVs, fuels the need for advanced display controllers that can deliver optimal performance. Additionally, the growing trend of digital signage and interactive displays in various industries further propels the demand for display controllers.
Cost considerations also play a pivotal role in the Display Controllers market. Manufacturers are constantly striving to optimize production costs while maintaining high-quality standards. This factor becomes particularly important in the consumer electronics segment, where pricing directly affects product adoption. Display controller manufacturers need to strike a balance between cost-effectiveness and delivering cutting-edge features to meet the varying needs of their target markets.
Global economic conditions contribute to the market dynamics as well. Economic stability and growth influence consumer purchasing power, affecting the demand for electronic devices and, consequently, display controllers. In times of economic downturn, consumers may delay or reconsider purchases of high-end electronic devices, impacting the demand for advanced display controllers. Conversely, during periods of economic prosperity, consumers are more likely to invest in the latest technology, positively impacting the market.
Regulatory considerations also shape the Display Controllers market. Compliance with international standards and regulations is crucial for manufacturers to ensure the acceptance of their products in various markets. Adherence to environmental standards, such as RoHS (Restriction of Hazardous Substances), and meeting industry-specific certifications are vital aspects that influence market entry and sustained growth. Manufacturers need to navigate a complex landscape of regulations to ensure their products are not only technologically advanced but also compliant with global standards.
Competition among key players is a driving force in the Display Controllers market. Companies vie for market share by innovating and differentiating their products. Strategic alliances, mergers, and acquisitions are common in this industry as companies seek to strengthen their positions and broaden their product portfolios. The competitive landscape directly impacts product development cycles, pricing strategies, and overall market trends.
Lastly, consumer preferences and trends contribute to the market's fluidity. Preferences for specific display technologies, such as OLED or LCD, and features like high refresh rates or HDR support, can rapidly change based on consumer trends and preferences. Display controller manufacturers must be agile in adapting to these shifts, ensuring that their products align with the evolving expectations of end-users.
The demand for display control units is increasing across different industries, making the product more relevant over time. The presence of various video and graphic producing units in the market is driving the future growth of display devices. The controller equipment in virtual devices is crucial for the expansion of end-user industries.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 30.5 Billion |
| Market Size Value In 2023 | USD 33.24 Billion |
| Growth Rate | 9.00% (2023-2032) |
Display Controllers Market Highlights:
Global Display Controllers Market Overview:
The Display Controllers Market size was valued at USD 33.24 Billion in 2023. The display controllers industry is projected to grow from USD 36.23 Billion in 2024 to USD 66.24 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.83% during the forecast period (2024 - 2032).
Increasing adoption of interactive displays in the retail sector for enhanced customer experience, increasing need for sophisticated display controllers in teleconferencing applications, and rising demand for mobile computation devices with advanced display and controller technologies are the key market drivers enhancing the market growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Display Controllers Market Trends
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Advancements in projected capacitive touch technology are driving market growth.
Market CAGR for display controllers is driven by the advancements in projected capacitive touch technology. The projected capacitive touch technology allows individuals to scroll, zoom, pinch, and softly tap on smartphones, smart television, & other consumer electronics devices. Projected capacitive touch screens with custom designs quickly become the top choice for high-tech products. In addition, rather than using a difference in electrical resistance or the breakdown of light beams to detect a touch in the past, most touch screens now employ the notion of projected capacitance. In general, this refers to a touch screen's ability to store an electric charge and deplete or alter that charge when a finger, conductive stylus, or other object approaches.
Additionally, unlike resistive touch screens, capacitive touch screens do not rely on finger pressure to function. On the other hand, these operate with everything with an electrical charge, including human skin. Capacitive touch screens do not operate with most gloves as they are electrically insulating and rely on electrical interference from a conductive source. Furthermore, the technology has become popular in consumer gadgets and commercial/industrial applications. Inanimate items hitting the screen can impact resistive touch screens, which need more pressure than capacitive touch screens. Therefore, the rise in projected capacitive touch screens further contributes to the display controller market revenue.
In addition, touchscreen and smart display controllers are highly used, owing to the factors such as user-friendly responsive nature and signal versatility, which enable them to grab multiple signals of varying resolution and display all at once. Commercial, tourism, and advertisement sectors use smart digital controller devices for enhanced customer experience as they are more compelling due to their interactive features. Display controllers are highly efficient, respond quickly, and require less maintenance. In addition, innovations in this industry, such as video shifters, video interface controllers, and video co-processors, imply that the digital controller market is anticipated to undergo exponential growth over the forecast period.
The growing adoption of smart screens and displays in the healthcare sector drives market growth. Businesses in all industry verticals are shifting toward digital platforms. As a result, the healthcare and hospital management industry is also experiencing a digital transformation. The quality of healthcare service delivered by medical professionals and big hospitals depends on hospital staff's communication and time management. Voice-assisted and touchless smart screens are assisting medical professionals in maintaining good communication with patients and medical hygiene as the screens are touchless.
Display Controllers Market Segment Insights:
Display Controllers Type Insights
The Display Controllers Market segmentation, based on type, includes digital display controllers, smart display controllers, touch screen controllers, multi-display controllers, and others. The smart display controller segment dominated the market, accounting for 35% of market revenue (11.63 Billion). In developing economies, category growth is driven by an increasing demand for smart home devices. However, multi-display controller is the fastest-growing category as multi-display controller are utilized in numerous high-volume applications, including smartphones, home appliances, televisions, car infotainment systems, and flat-panel displays.
Figure 1: Display Controllers Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Display Controllers Application Insights
The Display Controllers Market segmentation, based on application, includes medical equipment, office automation, mobile communication devices, industrial control, entertainment & gaming, and others. The industrial control category generated the most income (70.4%) as it helps to improve the user experience and provide drivers with essential information in a clear and easily accessible manner while ensuring safety and minimizing distractions in the industry. However, medical equipment is the fastest-growing category owing to lower display costs and increased consumer experience.
Display Controllers Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American display controllers market area will dominate, owing to consumers' growing adoption of streaming devices. In addition, significant investments in video business intelligence and predictive analytics are other key factors driving market revenue growth in this region. Further, the US display controllers market held the largest market share, and the Canadian display controllers market was the fastest-growing market in the North American region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Display Controllers Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe displays controllers market accounts for the second-largest market share owing to the high-end demand in professional applications such as education and government in this region. Further, the German display controllers market held the largest market share, and the UK display controllers market was the fastest-growing market in the European region.
The Asia-Pacific display controllers market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the availability of raw materials & high smartphone adoption rate. Moreover, China’s display controllers market held the largest market share, and the Indian display controllers market was the fastest-growing market in the Asia-Pacific region.
Display Controllers Key Market Players & Competitive Insights
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.
Key Companies in the Display Controllers market include
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BOE Technology Group Co., Ltd. (China)
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Innolux Corporation (Taiwan)
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AU Optronics Corp. (Taiwan)
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Panasonic Holdings Corporation (Japan)
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Samsung Corporation (South Korea)
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Corning Incorporated (U.S.)
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Mouser Electronics, Inc. (U.S.)
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FUJITSU (Taiwan)
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NEC Corporation (Japan)
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DISPLAY (Portugal)
Display Controllers Industry Developments
October 2022: Haier, a leading consumer electronics company, launched its new AI-enabled Washing Machine series Haier 979, in India. The washing machine is also IoT-enabled, enabling users to use smartphone apps and voice assistant devices to access the machine and its functions. The washing machine includes a direct motion motor and a new touchscreen control panel.
October 2022: Goodix Technology, a chip designer and solutions provider in China, announced that it is enhancing its range of touch controllers for in-vehicle displays with the GA687X single-chip solution, which helps large displays from 12.3 to 27 inches. According to the company, the chip achieves a refresh rate of up to 250 Hz and a response time of 10 ms to allow users to control functions without latency.
April 2022: Fujitsu launched its new service portfolio, Fujitsu Computing as a Service (CaaS). It empowers customers worldwide by accelerating digital transformation (DX) and using cloud offerings to provide commercial access to the world's most advanced computing technologies.
Display Controllers Market Segmentation:
Display Controllers Type Outlook
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Digital Display Controller
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Smart Display Controller
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Touch Screen Controller
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Multi-Display Controller
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Others
Display Controllers Application Outlook
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Medical Equipment
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Office Automation
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Mobile Communication Devices
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Industrial Control
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Entertainment & Gaming
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Others
Display Controllers Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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