Display Controller Market will witness a rapid growth to 2024
Date: 2018-10-05   Author: Ronak Bora  Category: #industry

Display Controller Market will witness a rapid growth to 2024

Based on the type, the Display Controller Market is segmented into touchscreen controllers, LCD controllers, multi-display controllers, smart display controllers, and digital display controllers. LCD controllers are anticipated to lead the display controller market mainly due to the penetration of LCD technology in the automotive, home appliances, consumer electronics, and office automation sectors. Touchscreen and smart display controllers make use of capacitive controllers and touch panels that are highly responsive and operate in real-time while minimizing the power consumption. These can also be assimilated into wearable technologies, which is a fast-emerging trend.

Display Controller Market  is expected to experience a steady growth during the forecast period. This industry is predicted to witness a massive growth mainly attributed to the rising sales, technological advancements, and increased adoption of advanced displays and controller technologies in mobile communication devices and consumer electronics. Smartphones have emerged as the leading devices for all types of display components. Technological advancements in every field, such as healthcare, automotive, consumer electronics, and entertainment, have opened avenues for the display controller market growth.

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An ever-expanding demand for more sophisticated display controllers in teleconferencing applications is predicted to fuel the display controller market. The applications of display controllers have expanded to almost every sector. An instance is the growing adoption of interactive displays in the retail sector for enhanced customer experience. In addition, the role of display controllers is undergoing a transition from common devices to more holistic system controllers. The incorporation of display controllers into Interactive display devices has expanded their uses and benefits in the fields of healthcare, automobiles, travel, retail, and education, providing simple and user-friendly methods to enhance customer engagement and increase sales. A trend that is currently gaining popularity is the usage of displays in trade shows and events offering growth opportunities for display controller market.

A wide variety of operating systems and lack of uniformity in displays delivered from different manufacturers may prove the transition from one technology to another to be a complication. The development of software programs, primarily for multi-touch and multi-display applications, requires a skilled workforce, which may further inhibit the market growth. There is a lack of availability of skilled workforce to develop the required software, which may cause a major restraint for the display controller market growth. As panel sizes and applications are vast and varied, the manufacturing of these controllers is complex and highly specialized, proving to be a challenge for the industry growth.

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Applications of display controllers in vehicles provide an enhanced information displaying capabilities such as providing head-up and center displays, GPS systems, and instrument cluster displays. These play a key role in collision avoidance and are instrumental in reducing distortion and boosting vision clarity. In addition, a rising number of automobiles equipped with advanced infotainment systems, which integrate thin film transistors and touchscreens will contribute to the increase of the display controller market share for automotive applications. Based on applications, the display controller market can be divided into industrial control, appliances, medical equipment, automotive, mobile communication devices, office automation, and entertainment & gaming. Mobile communication device applications are anticipated to hold a significant size of the global market. Key products of this market include smartphones and tablets, which are predicted to encounter an exponential growth and the increased demand will be a major factor promoting the industry growth. Furthermore, there is an increase in pixel density and display resolution in mobile communication devices, which demand the use of high-performance internal circuits. Applications of display controller market in medical equipment, such as mammography, clinical, dentistry and surgical, are going to prove to be a necessity in the diagnosis of illnesses. In the manufacturing sector, these technologies can aid in workforce efficiency management and scheduling of tasks.

The Asia Pacific market is expected to grow at a significant rate while North America is estimated to hold a large portion of the display controller market over the forecast period. The diverse applications of display controllers in the U.S. for appliances, industrial control, and mobile communication will contribute towards the market growth. The availability of inexpensive and abundant capital and advanced technologies are the major factors surging the display controller market growth in the North America region. In the Asia Pacific region, China and Japan are major semiconductor suppliers and are anticipated to witness a massive potential in the electronics manufacturing sector, thereby proving to be major display controller markets.

Vendors operating in the display controller market include LG Display, Novatek, Samsung Electronics, Siemens, Fujitsu Limited, Texas Instruments, Seiko Epson, and Toshiba. For instance, Samsung Electronics emphasizes on technological advancements and product innovations to capture more market shares.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.


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