PUBLISHER: Acute Market Reports | PRODUCT CODE: 1165299
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1165299
"Increasing Market for Consumer Electronics Globally to Ensure Rapid Growth for Display Controller Market"
Globally, the display controller market is expected to grow with a CAGR of 10.5% during the forecast period from 2021 to 2029, starting from 2020 with a market value of US$29.76 Bn. Display Controller is defined as integrated circuits or component, which controls the interface between a buffer and a monitor. They are one of the main components of the various displays such as LCD screens, mobile phones, and others. The display controller takes the content or the information from the frame and represents it as an output on the display monitor or screen. Thus, the display controllers are used for controlling the operations of the displays.
The advancement of technology in the display controllers has evolved rapidly during the past years, which is significantly driving the demand for display controllers market. Additionally, increasing demand for advanced computation devices, growing usage of display controllers for teleconferencing, and increasing adoption of display controllers in retail sector are some of the factors fueling the growth of the display controllers market. However, implementation of varied operating systems and lack of skilled workforces are likely to restrain the market growth during the forecast period.
"Display Controller with Mobile Communication Devices in Its Application Segment Continue Dominating the Market"
Based on application, the global display controller market was led by the mobile communication device in 2020 contributing to a highest percentage of market share of over 23.0% of the total revenue generated globally. The continuous development in the mobile and tablet devices and increasing demand of the smartphones is driving the growth of the market globally. Moreover, the growing demands of display controllers in electronic devices such as desktops, LCDs, laptops and others also play a vital role in the growth of the market.
"North America Dominates the Market by Region"
Display Controller market is led by North America, which is expected to grow with a CAGR of 8.6% during the forecast period. Growing penetration of high-performance displays across applications including consumer electronics, automobile, and several others is the primary factor supporting the market growth here. Moreover, the technological developments in countries such as US, Canada, and Mexico are also fueling the growth of the market. The US accounts for the largest market share in the region due to increasing adoption of LCD and graphic controllers for industrial and domestic applications.
Some of the prominent players operating in the display controller market include LG Display Co., Ltd., Samsung Electronics Co., Ltd., Toshiba Corporation, Novatek Microelectronics Corporation, Texas Instruments, Inc., Fujitsu Limited, Intersil Corporation, Cyviz As. Seiko Epson Corporation, Digital View Inc., Solomon Systech Limited and Raio Technology Inc.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Display Controller market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Display Controller market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Display
LCD Controller
Touch Screen Controller
Multi-DC
Smart DC
Graphics DC
Application
Appliances
Industrial Control
Medical Equipment
Office Automation
Automotive
Mobile Communication Devices
Entertainment & Gaming
Others
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Display Controller market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Display Controller market?
Which is the largest regional market for Display Controller market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Display Controller market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Display Controller market worldwide?