Press release
Liquid-Crystal Display (LCD) Television Core Chip Market Outlook 2024: Enhancing Display Technology
Liquid-Crystal Display (LCD) Television Core Chip Market Outlook
The new report published by The Business Research Company, titled Liquid-Crystal Display (LCD) Television Core Chip Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, 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 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%.
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What Is Driving The Growth Of The Global Liquid-Crystal Display (LCD) Television Core Chip Market?
Smart TV Demand Fuels Growth In LCD Television Core Chip Market
The growing demand for smart televisions (TVs) is expected to propel the growth of the liquid-crystal display television core chip market going forward. Smart TVs refer to televisions equipped with internet connectivity and integrated interactive features. The growing demand for smart TVs is due to increasing connectivity needs and directly integrating streaming services into television sets, offering users enhanced entertainment options and convenience. Liquid-crystal display television core chips ensure that the TV processes signals correctly, controls the display and backlight, manages connectivity and user interactions, and supports additional features such as smart functionality and audio processing. For instance, in July 2024, according to Worldmetrics, a US-based government organization, smart TV sales across Europe are expected to increase by 5% per year from 2021 to 2026. Additionally, smart TV sales in the United States reached 44 million devices in 2022. Therefore, the growing demand for smart TVs drives the growth of the liquid-crystal display (LCD) television core chip market.
What Is The Key Trend In The Global Liquid-Crystal Display (LCD) Television Core Chip Market?
Smart TV SoC Innovations Drive Advancements In LCD Television Core Chip Market
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.
How Is The Global Liquid-Crystal Display (LCD) Television Core Chip Market Segmented?
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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How Is The Competitive Landscape Of The Global Liquid-Crystal Display (LCD) Television Core Chip Market?
Major companies operating in the liquid-crystal display (LCD) television core chip 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.
Contents Of The Global Liquid-Crystal Display (LCD) Television Core Chip Market
1. Executive Summary
2. Liquid-Crystal Display (LCD) Television Core Chip Market Report Structure
3. Liquid-Crystal Display (LCD) Television Core Chip Market Trends And Strategies
4. Liquid-Crystal Display (LCD) Television Core Chip Market - Macro Economic Scenario
5. Liquid-Crystal Display (LCD) Television Core Chip Market Size And Growth
…..
27. Liquid-Crystal Display (LCD) Television Core Chip Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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