Press release
Strong Growth Ahead: Liquid-Crystal Display (LCD) Television Core Chip Market Size To Grow At Arecord 11.8% Cagr By 2029
Liquid-Crystal Display (LCD) Television Core Chip
How Big Is the Liquid-Crystal Display (LCD) Television Core Chip Market Size Expected to Be by 2034?
The liquid-crystal display (LCD) television core chip market has grown rapidly in recent years. It is projected to grow from $4.37 billion in 2024 to $4.9 billion in 2025, reflecting a CAGR of 12.1%. Growth drivers include increased consumer electronics spending, rising demand for high-definition displays, a growing preference for large-screen TVs, an increase in global consumer electronics sales, and a higher usage of internet streaming services.
The liquid-crystal display (LCD) television core chip market is forecasted to grow rapidly, reaching $7.64 billion by 2029, with a CAGR of 11.8%. The growth is driven by the increasing number of internet users, rising demand for large-screen TVs, smart LCD TVs, and 4K and 8K resolution. Trends include technological advancements, AI integration, HDR adoption, IoT integration, and voice control features.
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What Are the Emerging Segments Within the Liquid-Crystal Display (LCD) Television Core Chip Market?
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
Subsegments:
1) By Liquid Crystal Display Driver Integrated Circuit (LCD Driver IC): Tft-Icd Driver Ic Or Oled Driver Ic Or Led Driver Ic Or Full-Array Driver Ic
2) By Liquid Crystal Display Controller Integrated Circuit (LCD Controller IC): Timing Controller (T-Con) IC Or Signal Processing IC Or Image Processing IC
3) By Power Management IC (PMIC): Voltage Regulators Or Power Supply ICs Or Backlight Driver ICs Or Battery Management ICs
4) By Other Product Types: Display Interface ICs Or Audio ICs Or Touchscreen Controller ICs Or Image Sensor ICs
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What Long-Term Drivers Are Shaping Liquid-Crystal Display (LCD) Television Core Chip Market Trends?
The growing demand for smart televisions is expected to propel the growth of the liquid-crystal display (LCD) television core chip market. Smart TVs are equipped with internet connectivity and interactive features, meeting the demand for streaming services and enhanced entertainment. LCD television core chips ensure proper processing of signals, control the display and backlight, and manage user interactions. For example, in July 2024, Worldmetrics reported that smart TV sales in Europe are expected to grow by 5% per year from 2021 to 2026, with sales in the U.S. reaching 44 million units in 2022. This growing demand for smart TVs is fueling the growth of the LCD television core chip market.
Who Are the Top Competitors in Key Liquid-Crystal Display (LCD) Television Core Chip Market Segments?
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.
What Are the Latest Developing Trends in the Liquid-Crystal Display (LCD) Television Core Chip Market?
Leading firms within the liquid-crystal display (LCD) television core chip market are prioritizing the evolution of innovative technologies, such as the smart TV system-on-Chip (SoC) technologies, to improve performance and incorporate high-end features. These SoC technologies are integrated circuits designed specifically for smart TVs, merging critical functions into a single compact unit, thereby facilitating more advanced and unique features. For example, MediaTek Inc, a Taiwan-based semi-conductor company, launched the groundbreaking Pentonic 1000 Chipset, a cutting-edge smart TV system-on-chip (SoC) custom-made for 4K 120Hz displays, in November 2022. This revolutionary chipset embraces robust processing capabilities, supporting high-definition 4K displays and ensuring smooth visuals with a fluid 120Hz refresh rate. The chipset is further enhanced with advanced AI technologies for sophisticated image processing, delivering supreme color precision and contrast. With comprehensive supports for Dolby vision and HDR10+, the Pentonic 1000 delivers an immersive, cinematic viewing experience with heightened brightness and dynamic range.
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Which Regions Are Becoming Hubs for Liquid-Crystal Display (LCD) Television Core Chip Market Innovation?
North America was the largest region in the liquid-crystal display (LCD) television core chip market in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Liquid-Crystal Display (LCD) Television Core Chip Market?
2. What is the CAGR expected in the Liquid-Crystal Display (LCD) Television Core Chip Market?
3. What Are the Key Innovations Transforming the Liquid-Crystal Display (LCD) Television Core Chip Industry?
4. Which Region Is Leading the Liquid-Crystal Display (LCD) Television Core Chip Market?
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