Display Controllers Market Subjected to Expand to Showcase Rampant Growth by 2023
Market
Synopsis
As per the analysis by Market Research Future Reports (MRFR), the
Global Display
Controllers Market is estimated to value USD 32
Billion by 2023, thriving at a CAGR of 9% from 2017 to 2023. The pandemic
COVID-19 has brought an enormous impact on the global display controllers
market 2020. The market may expand during the COVID-19.
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The increasing adoption of electronic devices is the primary
factor that drives the global display controllers market. The market is growing
at a robust pace across the globe. With the growing demand for display
controller for various applications such as medical
equipment, industrial controls, office automation, mobile communication
devices, portable equipment, touch screen monitors, and others, the market is
growing at a fast pace. The companies are producing dual integrated circuits
for display controllers, which has a high demand owing to the display
controller chip that can control video RAM contents. The graphic display controllers
and system on chip solution are gaining momentum in graphics display controller
consist of flexible layer concept with 3D and 2D rendering functions. The
companies are investing heavily in manufacturing integrated circuits which is
broadly used in display controllers. The companies like Fujitsu Limited
(Japan), Texas Instruments, Samsung Electronics Co., Ltd. (South Korea), Inc.
(U.S.), LG Display Co., Ltd. (South Korea) have made the competition very
fierce. The manufacturers are actively investing in innovating their products
with a research and development. The constant development in the technologies
of controllers and the higher adoption of display controllers in video delivery
equipment are some of the factors propelling the expansion of the display
controllers market during the review period.
Market
Segmentation
The global display controllers market is
segregated based on application, types, and region.
On the basis of application, the global display
controllers can be segregated into office automation, medical equipment, mobile
communication devices, entertainment & gaming, industrial control, and
others.
On the basis of type, the
global display controllers can be segregated into LCD
controllers, digital display controllers, smart display controllers,
multi-display controllers, touchscreen controllers, and others.
On the basis of region, the
global display controllers can be segregated into Asia Pacific, Europe, North
America, and the Rest of the World.
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Regional Analysis
The regional study of Europe,
North America, Asia Pacific, and the Rest of the World has been performed. As
per the analysis by MRFR, North America is the dominating region across the
globe with respect to the market share. It is in high demand since it is widely
used in the electronics sector for leading-edge flexibility, reliability and
performance. The APAC region which includes India, Japan, and China is in the
phase of development in display controllers marker is likely to be thrive at
the highest CAGR in the forthcoming period. On the other hand, the European
region is likely to exhibit robust growth in the forthcoming period.
Key Players
The major players in the
global display controllers market are Texas Instruments, Inc. (U.S.), Samsung
Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea),
Fujitsu Limited (Japan), Novatek Microelectronics Corporation (Taiwan), Toshiba
Corporation (Japan), Seiko Epson Corporation (Japan), Intersil Corporation
(U.S.), STMicroelectronics (Switzerland), Grayhill Inc. (U.S), and a few
others.
Industry News
April 2020, Texas Instruments, an American technology company
bets big on shelf life. Very few companies have been able to do so in the midst
of CODI-19. Texas Instruments team carved a plan to retain its production of
chip fabrication facilities at the same level as at the beginning of the year
before the outbreak of COVDI-19.
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