According to
the new market research report "Display Controller Market by Type (LCD Controller, Touchscreen
Controller, Multi Display, Smart Display, Graphic LCD Controller), Application
(Industrial Control, Medical Equipment, Automotive, Mobile Communication), and
Geography - Global Forecast to 2022", the market is
expected to grow from USD 17.26 Billion in 2015 to reach USD 32.24 Billion by
2022, at a CAGR of 9.68% between 2016 and 2022.
The growth
of this market is mainly driven by the high demand for mobile communication
devices with advanced displays, increasing need for more sophisticated display
controllers in teleconferencing applications, growing adoption of interactive
displays in the retail sector for enhanced customer experience, and changing
role of display controllers from generic devices to more holistic system
controllers.
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LCD
controllers held for the largest size of the display controller market in 2015
The display
controller market is led by LCD controllers. The major reasons of the growth of
the market for LCD controllers include the wide adoption of LCD technology in
displays in the consumer electronics, home appliances, industrial control,
office automation, and automotive sectors. The high demand for LCD controllers
for mobile communication devices is one of the key factors driving the growth
of the display controller market. LCD controllers are widely used in computers,
mobile phones, digital video
cameras, personal navigation devices, and other consumer electronics products.
The market
for automotive applications likely to grow at the highest rate during the
forecast period
Automotive
applications are expected to grow at the highest rate in the coming years.
Display controllers enhance the information displaying capabilities in
automotive applications such as instrument cluster displays, infotainment and
navigation systems, head-up displays, and center displays. An increasing number
of vehicles are now equipped with advanced infotainment systems, comprising TFT
displays as well as touchscreens. This rising demand for these systems is also
contributing to the growth of the display controller market for automotive
applications.
North
America held the largest market size in 2015
North
America held the largest size of the display controller market in 2015,
followed by Europe and APAC. The U.S. is the largest contributor to the growth
of the display systems in North America. The adoption of LCD and graphic
controllers is high in several industrial and domestic applications, including
industrial control, office automation, medical equipment, home appliances, and
mobile communication devices in this region.
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The major
players operating in the display controller market include Samsung Electronics
Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Texas Instruments,
Inc. (U.S.), Toshiba Corporation (Japan), Novatek Microelectronics Corporation
(Taiwan), Intersil Corporation (U.S.), Fujitsu Limited (Japan), and Seiko Epson
Corporation (Japan), among others.
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