The liquid-crystal display (lcd) television core chip global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Liquid-Crystal Display (LCD) Television Core Chip Market, 2024The liquid-crystal display (lcd) television core chip global market report 2024
Market Size – The liquid-crystal display (LCD) television core chip market size has grown rapidly in recent years. It will grow from $3.91 billion in 2023 to $4.37 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to a rise in consumer electronics spending, increasing demand for high-definition displays, growing demand for large-screen TVs, a rise in global consumer electronics sales, and increasing internet streaming usage.
The liquid-crystal display (LCD) television core chip market size is expected to see rapid growth in the next few years. It will grow to $6.84 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to the growing number of internet users, increase in demand for LCD TVs, growing popularity of large-screen TVs, rising demand for smart LCD TVs by customers, and increasing demand for 4k and 8k resolution TVs. Major trends in the forecast period include technological advancements, AI integration, HDR technology adoption, internet of things integration, and voice control integration.
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Scope Of Liquid-Crystal Display (LCD) Television Core Chip MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Liquid-Crystal Display (LCD) Television Core Chip Market Overview
Market Drivers -The rising demand for smart televisions (TVs) is expected to fuel the growth of the liquid-crystal display television core chip market in the coming years. Smart TVs, which are equipped with internet connectivity and integrated interactive features, have gained popularity due to an increasing need for connectivity and the direct integration of streaming services into television sets. This trend enhances entertainment options and convenience for users. Liquid-crystal display television core chips are crucial for ensuring that TVs process signals accurately, control displays and backlighting, manage connectivity and user interactions, and support additional features such as smart functionalities and audio processing. For example, in July 2024, Worldmetrics, a US-based government organization, projected that smart TV sales across Europe would grow by 5% annually from 2021 to 2026. Furthermore, smart TV sales in the United States reached 44 million devices in 2022. Thus, the growing demand for smart TVs is a significant factor driving the expansion of the liquid-crystal display television core chip market.
Market Trends – Major companies operating in the liquid-crystal display (LCD) television core chip are focusing on developing innovative technologies, such as smart TV system-on-chip (SoC) technologies, to enhance performance and integrate advanced features. Smart TV System-on-Chip (SoC) technologies are integrated circuits designed for smart televisions, combining essential functions into a single, compact package to enable advanced features and capabilities. For instance, in November 2022, MediaTek Inc, a Taiwan-based semiconductor company, introduced the Pentonic 1000 Chipset, a flagship smart TV system-on-chip (SoC) designed for 4K 120Hz displays. This state-of-the-art chipset integrates powerful processing capabilities to support high-resolution 4K displays and deliver fluid 120Hz refresh rates, ensuring exceptionally smooth and crisp visuals. It incorporates advanced AI-driven technologies for enhanced image processing, offering superior color accuracy and contrast. The Pentonic 1000 features comprehensive Dolby vision and HDR10+ support, providing a cinematic viewing experience with enhanced brightness and dynamic range.
The liquid-crystal display (LCD) television core chip market covered in this report is segmented –
1) By Product Type: Liquid Crystal Display Driver Integrated Circuit, Liquid Crystal Display Controller Integrated Circuit, Power Management IC, Other Product Types
2) By Core Chip Type: 8-Bit Core, 16-Bit Core, 32-Bit Core, 64-Bit Core
3) By Application: Televisions, Monitors, Other Applications
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Regional Insights – North America was the largest region in the liquid-crystal display (LCD) television core chip market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquid-crystal display (LCD) television core chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Samsung Electronics Co. Ltd., Skyworth Group, Sony Corporation, Taiwan Semiconductor Manufacturing Company, Innolux Corporation, LG Corporation, Panasonic Corporation, Qualcomm Incorporated, Xiaomi Corporation, Broadcom Inc., Toshiba Corporation, Advanced Micro Devices, Sharp Corporation, Koninklijke Philips N.V., MediaTek Inc., Skyworth Group, Innolux Corporation, Hisense Group, Marvell Technology Group Ltd., Realtek Semiconductor Corporation, Novatek Microelectronics Corporation, TCL Corporation, Vizio Holding Corp., Himax Technologies Inc, CooCaa TV, Amlogic Inc.
Table of Contents
- Executive Summary
- Liquid-Crystal Display (LCD) Television Core Chip Market Report Structure
- Liquid-Crystal Display (LCD) Television Core Chip Market Trends And Strategies
- Liquid-Crystal Display (LCD) Television Core Chip Market – Macro Economic Scenario5. Liquid-Crystal Display (LCD) Television Core Chip Market Size And Growth
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- Liquid-Crystal Display (LCD) Television Core Chip Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. AppendixContact Us:
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