The display controllers market revenue totaled USD 27,500 million in 2022. The display controllers market is projected to reach USD 70,961 million by 2033, expanding at a CAGR of 9% from 2023 to 2033.
The display controllers market is nearly 6.0% of the global display market. The display controllers market growth is poised to continue to accelerate due to the continuous developments in display technologies. The growth of the display controllers market is driven by factors such as:
| Attribute | Details |
|---|---|
| 2023 Market Value | USD 29,975 million |
| 2033 Market Value | USD 70,961 million |
| CAGR% (2023 to 2033) | 9% |
| Share of Top 5 Players | 15% |
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Display controllers are embedded electronic components in different electronic devices that produce a video signal and the display controllers are present in devices as an integrated circuit in a video display system. These display controllers are used for generating video content such as TV signals.
The display controllers market demand is estimated to rise at 9% CAGR between 2023 and 2033 in comparison with the 8.5% CAGR registered from 2018 to 2022. The global display controllers market is anticipated to witness an increase in revenue from USD 29,975 million in 2023 to USD 70,961 million by 2033.
The manufacturers of display controllers are constantly undergoing product advancements as the factors such as increasing production of consumer electronics are creating a huge opportunity for the display controllers.
The factors such as constant advancements in display controller technologies, increasing adoption of display controllers in video delivery devices, and others are the factors fuelling the growth of the display controllers market over the forecast period.
Moreover, display controllers are playing an important role in the process of video content delivery, as these controllers help in video content delivery and also enable users to get embedded display controllers for different displays.
Germany is predicted to remain one of the most attractive markets during the forecast period, in Europe’s display controllers market. According to the study, the country is expected to witness an impressive CAGR of 10.8% by 2033.
Key players in the country have been developing, producing, and selling high-quality display controllers. These display controllers are implemented in different industry verticals such as automotive, entertainment, medical, and others. Especially, due to the expansion of the entertainment sector in Germany, industries are continuously deploying display controller solutions.
The market of display controllers is expected to see many opportunities in Germany, due to the rising demand for digital signage and video walls.
The display controllers demand in the United States is expected to account for 69% market share of North America through 2033. The United States is anticipated to grow in the upcoming years as the country is a huge market for display controllers.
The growing application of display controllers in industrial electronics as a crucial part, has opened new growth avenues for the market. The key factor for driving the display controllers market in the United States is the presence of major industry players.
There is an increase in the adoption of touchscreen display controllers in the country from video display device manufacturers. Such factors are contributing to the growth of the display controllers market in the United States
The sales in India are estimated to increase at a CAGR of 12.5% CAGR by 2033. The display controller market is rapidly evolving with new technologies and methodologies in India.
The display controllers market is expected to grow at a high rate due to increasing industrialization in India. One of the major factors fueling the market growth is the availability of raw materials at cheap prices.
It has been found that Indian customers are strongly supporting new display technological advancements and also demand high-quality display controllers for generating video content. Such penetration is anticipated to create an array of opportunities for display controllers in the coming years in the country.
The automotive segment is expected to account for 20% market share by the end of 2033, in the global display controllers market. The adoption of electronic devices in the automotive industry for improving the end-user experience as well as improving the ease of particular operations is one of the prime factors driving the growth of the display controllers market.
As the automotive industry is undergoing constant additions of new features such as displays in cars for better visualization the demand for display controllers is increasing rapidly. Considering such factors the demand for display controllers is expected to increase significantly over the forecast period.
The medical equipment segment is expected to showcase a strong CAGR of 9.5% during the forecast period.
Healthcare industry users are adopting displays for operation purposes such as x-ray visualization displays, and other graphical interfaces are using display controllers. LED's key players are continuously focusing on various display controller systems to fulfill the needs of end-user markets like medical.
There is an increase in the utilization of LEDs in the medical sector for providing safer, cleaner, faster, and longer-lasting equipment. Advanced display controllers are used in medical-grade displays to process large, highly detailed files. This is going to boost the display controller market growth in the future.
With around 24% revenue share of the market attained in 2022, the multi-display controllers segment is projected to continue to gain traction, in the display controllers market.
Multi-display controllers are useful in controlling and projecting multiple images. They come with specifications such as power, image controls, and power. This is one of the reasons that the adoption of multi-display controllers and touchscreen display controllers is increasing worldwide. These controllers allow users to utilize creative imagination to build display solutions for applications such as video walls and digital signage. These factors are encouraging the display controller vendors to innovate in their products driving revenue growth of the market.
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Many key players are inclined at investing heavily in innovation, research, and development practices to uncover increased applications of display controllers. With the use of technology, vendors are also focusing on lowering the cost of display controllers, and customer satisfaction for captivating an increased customer base.
| Attribute | Details |
|---|---|
| Market value in 2023 | USD 29,975 million |
| Market CAGR 2023 to 2033 | 9% |
| Share of top 5 players | Around 15% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USS million for Value |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; The Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Segments Covered | Type, Application, and Region |
| Key Companies Profiled | Fujitsu Limited; Toshiba Corporation; Samsung Electronics Co., Ltd.; LG Display Co., Ltd.; Solomon Systech Limited.; Texas Instruments, Inc.; Renesas Electronics; Novatek Microelectronics Corporation; Seiko Epson Corporation; Digital View Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market may worth USD 29,975 million in 2023.
The market rose at an 8.5% CAGR from 2018 to 2022.
A share of 15% is held by the top 5 players.
A CAGR of 19.8% is predicted for Germany by 2033.
By 2033, the market is expected to record a CAGR of 12.5% CAGR.
| Estimated Size, 2024 | USD 85,215.5 million |
|---|---|
| Projected Size, 2034 | USD 172,370.3 million |
| Value-based CAGR (2024 to 2034) | 7.3% |
| Projected Growth Rate (2023 to 2033) | 4.4% CAGR |
|---|---|
| Expected Market Value (2023) | USD 148,053.0 million |
| Market Value (2033) | USD 228451.9 million |
| Market Estimated Size (2023) | USD 149,441.2 million |
|---|---|
| Market Forecasted Size (2033) | USD 217,682.7 million |
| Market CAGR (2023 to 2033) | 3.8% |
| Market Size (2023) | USD 15.12 billion |
|---|---|
| Market Size (2033) | USD 151.29 billion |
| Market CAGR (2023 to 2033) | 25.9% |
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Display Controllers Market
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