Press release
Comprehensive Digital TV SoC Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Digital TV SoC Market
The digital TV System-on-Chip (SoC) market is expected to surge due to a rise in smart TV adoption. Smart TVs, which are advanced televisions boasting internet connectivity and offering more features than standard TVs, are mostly being adopted because they offer greater access and availability to high-speed internet, the growing appeal of online streaming services, and an enhanced user experience. Digital TV SoCs play a crucial role in enabling these engaging features on smart TVs, such as video streaming, gaming, and social media applications. This point was made evident in June 2023 when TCL Technology, a television manufacturer based in China, revealed that its TV division shipped 23.8 million units in 2022, outpacing the wider market trend amidst an overall industry downturn. Consequently, the growing trend of adopting smart TVs is fueling the expansion of the digital TV SoC market.
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What is the projected compound annual growth rate (CAGR) of the digital tv soc market from 2025 to 2034, and what factors influence it?
In recent times, the digital TV SoC market has seen an exponential growth which is set to continue with an estimated increase from $11.04 billion in 2024 to $12.36 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.9%. The notable increase during the past years stems from the shift towards digital broadcasting, widespread popularity of smart TVs among consumers, a surge in demand for high-definition content, governmental policies advocating digitalization, and the expanded availability of digital entertainment devices.
The market size of digital TV SoC is poised for considerable expansion in the coming years, projected to reach $19.13 billion by 2029, with an 11.5% compound annual growth rate (CAGR). The prediction for this growth can be linked to the advent of 4k and 8k technologies, artificial intelligence (AI) integration, an increasing consumer demand for smart home ecosystems, the development of interactive and immersive content, and a surge in internet protocol television (IPTV). Prevailing market trends expected to shape this forecast period include connectivity standards, improving energy efficiency, fostering interactive and immersive experiences, protecting content security and managing digital rights, and progressing global market expansion.
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How are the latest trends influencing the growth of the digital tv soc market?
The integration of artificial intelligence into digital TV SoC is rapidly becoming a crucial trend that has gained traction in the digital TV SoC marketplace. Leading players in this field are focusing on the development of technologically superior products to solidify their standing. For example, MediaTek, a prominent semiconductor company based in Taiwan, introduced the Pentonic 700 in August 2022, a novel chipset designed specifically for 120Hz 4K smart televisions. The Pentonic 700 serves as a system-on-chip (SoC) for smart TVs and is furnished with a powerful AI processing engine purposed for high-end 120Hz 4K televisions. It incorporates features such as Dolby Vision IQ, 4K120 MEMC and TCON integrated, and is optimized for gaming. The chipset's AI processing unit (APU) is compatible with advanced technologies such as MediaTek's AI-Super Resolution, AI-Picture Quality (AI-PQ) Scene Recognition, and AI-PQ Object Recognition which aid in improved edge smoothing and detail reconstruction.
What are the major segments of the digital tv soc market and their role in driving growth?
The digital TV SoC market covered in this report 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
Subsegments:
1) By LCD (Liquid Crystal Display): Twisted Nematic (TN) LCD, In-Plane Switching (IPS) LCD, Vertical Alignment (VA) LCD
2) By LED (Light Emitting Diode): Edge-Lit LED, Backlit LED, Mini LED
3) By OLED (Organic Light Emitting Diode): Standard OLED, Transparent OLED, Flexible OLED
4) By QLED (Quantum Dot Light Emitting Diode): Standard QLED, Quantum Dot Color Enhancement QLED
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Which regions are key players in the growth of the digital tv soc market?
Asia-Pacific was the largest region in the digital TV SoC market in 2024.Europe is expected to be the fastest-growing region in the global digital TV SoC market report during the forecast period. The regions covered in the digital TV SoC market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the digital tv soc market?
Major companies operating in the digital TV SoC market include 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, Huawei Technologies Co. Ltd, Renesas Electronics Corporation, Analog Devices Inc., Infineon Technologies AG, Maxim Integrated Products Inc., ON Semiconductor Corporation, Microchip Technology Inc., Marvell Technology Group Ltd., Xilinx Inc., Cypress Semiconductor Corporation, Synaptics Incorporated, Realtek Semiconductor Corp., Himax Technologies Inc.
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What Is Covered In The Digital TV SoC Global Market Report?
• Market Size Forecast: Examine the digital tv soc market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the digital tv soc market for a structured understanding.
• Key Players Overview: Analyze major players in the digital tv soc market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the digital tv soc market.
• Segment Contributions: Evaluate how different segments drive overall growth in the digital tv soc market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the digital tv soc market.
• Industry Challenges: Identify potential risks and obstacles affecting the digital tv soc market.
• Competitive Landscape: Review strategic developments in the digital tv soc market, including expansions, agreements, and new product launches.
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