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.