Press release
Digital TV SoC Market Recent Development And Future Growth Forecast To 2032
Digital TV SoC Market
The Business Research Company's Digital TV SoC Global Market Report 2023 identifies increase in smart tv adoption as the major driver for the Digital TV SoC market's growth in the forecast period. Smart TVs refer to advanced televisions that have internet connectivity and offer interactive features beyond traditional television viewing. The increase in smart tv adoption is mostly driven by greater availability and accessibility of high-speed internet, increasing popularity of online streaming services, enhanced user experience, and features, where digital TV SoCs are used in smart TVs to enable their interactive features and functionalities, such as video streaming, gaming, and social media applications.
The global digital TV SoC market size is expected to grow from $8.78 billion in 2022 to $9.93 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global digital TV SoC market size is expected to reach $15.58 billion in 2027 at a CAGR of 11.9%.
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Major competitors in the Digital TV SoC market are Intel Corporation, Samsung Electronics Co. Ltd., Qualcomm Inc., Toshiba Corporation, NXP Semiconductors, STMicroelectronics N.V., MediaTek Inc., Broadcom Inc., Apple Inc., Taiwan Semiconductor Manufacturing Company Limited, Silicon Laboratories Inc., Texas Instruments Incorporated, Novatek Microelectronics Corp., MStar Semiconductor Inc., LG Electronics Inc., Sigma Designs, Zoran Corporation, and Huawei Technologies Co. Ltd
A key trend in the Digital TV SoC market includes adoption of artificial intelligence. Major market players are concentrating their efforts on creating technological advanced products to strengthen their position in the market.
Read More On The Global Digital TV SoC Market Report Here:
https://www.thebusinessresearchcompany.com/report/digital-tv-soc-global-market-report
The Digital TV SoC market is segmented -
1) By Display Technology: LCD (Liquid Crystal Display), LED (Light Emitting Diode), OLED (Organic Light Emitting Diode), QLED (Quantum Dot Light Emitting Diode)
2) By Application: Smart Televisions (TVs), Set Top Boxes, Other Applications
3) By End-User: Residential, Commercial, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Digital TV SoC market.
The Business Research Company's "Global Digital TV SoC Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Digital TV SoC Market Include:
1. Executive Summary
2. Digital TV SoC Market Characteristics
3. Digital TV SoC Market Trends And Strategies
4. Digital TV SoC Market - Macro Economic Scenario
5. Digital TV SoC Market Size And Growth
......
26. Africa Digital TV SoC Market
27. Digital TV SoC Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital TV SoC Market
29. Digital TV SoC Market Future Outlook and Potential Analysis
30. Appendix
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