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Display controller market to reach $32 billion by 2022

March 1, 2017

The display controller market is expected to reach $32.24 billion by 2022, up from $17.26 billion in 2015. The market is also expected to grow at a compound annual growth rate of 9.68 percent, according to a report by Research and Markets.

The automatic applications market of display controllers is expected to have the largest growth in the forecasted period. This segment includes tools such as office automation, digital signage, mobile communication and others.

The report argues that key drivers in the market are high demand for mobile computation devices, increasing adoption of interactive displays in retail, and the changing role of display controllers from basic devices to complete system controllers.

Current restraints of the market include the lack of workers to develop software for display controllers, and the complexity of development.

The report is available for download here.