Display Controllers Market Size, Share & Trends Analysis Report By Type (LCD Display Controllers, Touchscreen Display Controllers, Multi-Display Controllers, Smart Display Controllers, Digital Display Controllers), By Application (Medical Equipment, Industrial Control, Automotive, Mobile Communication Devices, Entertainment and Gaming, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Display Controllers Market Size

The global Display Controllers Market size was valued at USD 33 Billion in 2023. It is projected to reach from USD 36 Billion in 2024 to USD 64 Billion by 2032, growing at a CAGR of 8.8% during the forecast period (2024–2032).

Display controllers are components integrated into various electronic devices to generate a video signal. They are often in the form of Integrated circuits within a video display system. These display controllers are utilized to produce video content, specifically TV signals. The market growth is driven by the growing implementation of interactive displays in the retail sector to improve the customer experience, the increasing requirement for advanced display controllers in teleconferencing applications, and the rising demand for mobile computation devices with advanced display and controller technologies.

Highlights

• Multi-display Controller generates the highest revenue share based on type.
• Industrial control accounts for the largest market share by application.

Display Controllers Market Growth Factors

New Product Launches

Product launches substantially impact the display controller industry as they introduce novel features, improve performance, and meet changing consumer needs. Manufacturers may enhance market growth by enticing clients with enhanced functions, superior resolutions, excellent compatibility, and cutting-edge technology, enabling them to extend their market share and increase income streams. 

In addition, in 2023, Helios Technologies, Inc., a prominent global company specializing in advanced motion control and electronic control technology for many industries, introduced the PowerView™ P70. This cutting-edge product is part of the Pro Series, representing Helios’ latest generation of high-quality, durable display controllers. The new Pro Series is the first offering in a range of devices that will be customized to fulfill various market demands. It is distributed by Enovation Controls, a Helios’ Electronics section division.

Similarly, Solomon Systech provides an extensive range of display controllers to meet the needs of many applications, including smart mobile devices, medical equipment, commercial equipment, and industrial equipment. The controllers feature an integrated SRAM as a buffer between the host processor and the LCD panel. The chips are compatible with an indirect CPU interface that supports 8, 9, 16, and 18 bits and an RGB LCD interface that supports 18 and 24 bits. The feature set comprises hardware display rotation options of 0°, 90°, 180°, and 270°, as well as mirroring and windowing capabilities. Additionally, it contains display enhancement features such as control over brightness, contrast, and saturation. Each of these unique items introduces new opportunities for the global market. 

Display Controllers Market Restraining Factors

Lack of Skilled Labor

A notable challenge hinders the display controller industry in the form of a need for a more proficient workforce. The lack of skilled experts presents a significant obstacle to the industry’s expansion and advancement. The intricacy of contemporary display technologies necessitates a workforce possessing specialized expertise in fields such as semiconductor design, digital signal processing, firmware development, and system integration. Nevertheless, there is a shortage of sufficiently skilled individuals in these fields to meet the industry’s demands. The scarcity is worsened by the swift progress in display technology, which consistently sets higher standards for knowledge and skill.

Additionally, the repercussions of the scarcity of competent workers have a widespread impact on the display controller business. Organizations need help attracting and retaining highly trained individuals, resulting in heightened rivalry for a restricted pool of competent specialists. Consequently, project schedules may be prolonged, and product development progress may need to be improved. Additionally, the industry’s capacity to fulfill changing market requirements and technological expectations may be hindered due to a decline in the quality and advancement of display controller solutions.

Display Controllers Market Opportunities

Growing Adoption of Smart Screens and Displays in the Healthcare Sector

Enterprises across all sectors are transitioning to digital platforms. Consequently, the healthcare and hospital management sector is undergoing a digital revolution. The increasing adoption of smart displays in healthcare and telemedicine is a significant and game-changing trend. Smart displays are crucial in transforming the healthcare industry by enabling telehealth consultations, remote patient monitoring, and effective health data management. These gadgets have facilitated the connection between patients and healthcare providers in a virtual environment, enabling medical experts to collaborate in real time, exchange critical patient data, and debate treatment strategies. 

In addition, the smooth incorporation of intelligent displays with diverse medical devices facilitated the monitoring of patients from a distance, timely intervention, and customized treatment plans. This attribute renders them very effective for the therapy of chronic diseases. The versatility and availability of smart displays have not only extended healthcare services to distant and disadvantaged regions but also guaranteed that healthcare stays comprehensive and accessible to everyone, emphasizing their enduring significance in the healthcare industry. With the ongoing advancement of technology, smart displays are positioned to provide additional advancements to the healthcare industry, offering the potential for better patient results and increased medical services.

Furthermore, in March 2023, Samsung Electronics America introduced the first 4K QLED Smart Healthcare TV in the business. Through collaboration with ShareSafe, this cutting-edge product revolutionizes in-room displays by turning them into adaptable communication centers tailored for hospital patients and senior care residents. Consequently, this results in enhanced cooperation, active involvement of patients, and increased effectiveness in the flow of tasks.

Display Controllers Market Regional Analysis

Asia-Pacific: Dominant Region with 8.3% Market Share

Asia-Pacific is the most significant global display controllers market shareholder and is estimated to grow at a CAGR of 8.3% over the forecast period. The expansion of the Asia Pacific display controller market is mainly propelled by the rising demand for cutting-edge display technologies, such as OLED and high-resolution displays, in consumer electronics like smartphones, tablets, and televisions. In 2023, the sixth edition of Industrial Transformation ASIA-PACIFIC (ITAP) served as the platform for introducing more than 50 innovative products and solutions to the region's advanced manufacturing industry. In addition, at the 2023 World Manufacturing Convention in Hefei City, located in Anhui Province in eastern China, several companies, including SeeYA Technology, BOE, and Visionox, presented innovative display products that garnered attention from attendees.

Moreover, the increasing prevalence of digital signage and interactive displays in the retail, transportation, and hospitality industries is fueling the market's growth. Furthermore, the rise of novel applications such as augmented reality (AR) and virtual reality (VR) generates extra prospects for regional display controller producers. In addition, government programs that assist in local manufacturing and technological innovation are strengthening market growth. Further, the increasing allocation of resources towards research & development endeavors aimed at improving display quality, energy efficiency, and functionality is fueling innovation and fostering competitiveness in the Asia Pacific display controller market.

Europe: Rapid Growth with 8.9% Market Share

Europe is anticipated to exhibit a CAGR of 8.9% over the forecast period. Technological advancements foster market growth, the increasing demand for high-resolution displays, and the incorporation of touchscreen capabilities. Moreover, the growing utilization of display controllers in diverse sectors such as automotive, healthcare, and retail contributes significantly to the growing demand. Furthermore, the rising demand for smart devices and the increasing prevalence of digital signs drive the market's growth. Moreover, strict laws about energy efficiency and environmental sustainability promote the adoption of energy-efficient display controllers. In summary, these elements combine to influence the dynamics of the European display controller market. 

North America holds a significant market share. The increasing utilization of display controllers in industrial electronics as an essential component has created new opportunities for market expansion in North America. The primary driver of the display controllers market in the United States is the significant presence of major industry players. Video display device manufacturers in the country are increasingly adopting touchscreen display controllers. These factors fuel the expansion of the display controllers market in the United States. 

Display Controllers Market Segmental Analysis

By Display Type

The smart display controller segment dominated the market in 2023. A rising demand for smart home gadgets fuels segment growth in developing economies. Nevertheless, the multi-display controller market is experiencing rapid growth due to its extensive use in many high-demand applications such as smartphones, home appliances, televisions, automotive entertainment systems, and flat-panel displays.

The multi-display controllers segment is the second largest. Multi-display controllers are beneficial for managing and showing several images. They are equipped with power, image controls, and power. One reason for the global increase in popularity of multi-display controllers and touchscreen display controllers is their versatility and functionality. These controllers enable users to employ creative ideas to construct display solutions for many applications, such as video walls and digital signs. The presence of these elements motivates display controller providers to engage in innovation to drive revenue growth in the market.

The LCD controller segment is the fastest growing. The LCD controller is an essential component in the display controller market, responsible for managing and optimizing liquid crystal displays (LCDs). It acts as the mediator between the display panel and the external system, processing incoming data signals and transforming them into signals that the LCD can comprehend. The main tasks of the display include updating the screen, controlling the brightness and contrast, and handling pixel data to guarantee precise image rendering. In addition, LCD controllers frequently integrate sophisticated capabilities such as touch-screen functionality and compatibility with different input sources, therefore improving the flexibility and efficiency of LCD-based display systems.

By Application

The display controllers market has been segmented into appliances, industrial control, medical equipment, office automation, automotive, mobile communication devices, entertainment and gaming, and others. The industrial control segment dominated in 2023. It enhances the user experience and delivers vital information to drivers in a concise and easily accessible way while prioritizing safety and limiting distractions in the field. Such applications drive the segment's growth. 

The automotive segment is the second largest. One of the main reasons for the growth of the display controllers market is the increasing usage of electronic devices in the automotive industry, which enhances the user experience and streamlines specific procedures. The automobile sector is experiencing a continuous increase in demand for display controllers due to the steady addition of new features, such as car displays, to enhance visualization. Given these characteristics, it is anticipated that there will be a substantial growth in demand for display controllers during the projection period.

The medical equipment segment is the fastest growing. Users in the healthcare industry are increasingly utilizing displays for operational tasks, such as X-ray visualization displays. Additionally, display controllers are being employed for various graphical interfaces. The prominent leaders in the LED industry consistently prioritize developing diverse display controller systems to meet the specific requirements of end-user sectors, such as the medical sector. The medical industry is experiencing a rise in the use of LEDs to offer equipment that is safer, cleaner, faster, and has a longer lifespan. Medical-grade displays utilize advanced controllers to efficiently handle and manipulate extensive, intricately detailed data. This will enhance the future growth of the display controller industry.

Recent Developments

• March 2024 – Toshiba Electronic Devices and Storage Corporation, also known as Toshiba, commenced large-scale deliveries of the SmartMCD™ Series of gate driver integrated circuits (ICs), including a built-in microcontroller (MCU). The initial device, named “TB9M003FG,” is specifically designed for the sensorless management of three-phase brushless DC motors commonly employed in automotive settings, such as water and oil pumps, fans, and blowers.
• March 2024– Toshiba Electronic Devices and Storage Corporation (“Toshiba”) introduced eight new products to the M4K Group of the TXZ+™ Family Advanced Class 32-bit microcontrollers. These microcontrollers are equipped with Cortex®-M4 core with FPU and have a 512KB or 1MB flash memory capacity. Additionally, Toshiba has released these new products in four different types of packaging.