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Surge In Smart Tv Adoption Fuels Growth Of The Digital Tv Soc Market: Critical Driver Shaping the Digital TV SoC Market in 2025
Digital TV SoC
Digital TV SoC Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the Digital TV SoC market has seen substantial growth in the past few years. The market, which was valued at $11.04 billion in 2024, is projected to reach $12.36 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.9%. This growth over the historical period can be traced back to the shift towards digital broadcasting, increased consumer embrace of smart TVs, a surge in demand for high-definition content, Government-led digitalization initiatives, and a widespread increase in digital entertainment devices.
Digital TV SoC Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for digital TV SoC is anticipated to experience significant growth, expanding to "$19.13 billion by 2029 with a compound annual growth rate (CAGR) of 11.5%. Factors contributing to this growth in the projected period include the advent of 4k and 8k technologies, AI integration, increasing demand for smart home ecosystems, the development of engaging and immersive content, and the rise of internet protocol television (iptv). The forecast period is also marked by trends related to connectivity standards, energy efficiency, emphasis on interactive and immersive experiences, content security and digital rights management, as well as global market expansion.
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What Are the Drivers Transforming the Digital TV SoC Market?
The digital TV SoC market is poised for growth owing to the rising adoption of smart TVs. Smart TVs are high-end televisions equipped with internet connectivity and offer users a variety of interactive features, thus going beyond the traditional scope of television viewing. The key drivers propelling smart TV adoption comprise of the availability and accessibility of high-speed internet, the surge in popularity of online streaming services, and a superior user experience. Digital TV SoCs play a crucial role in smart TVs by powering their interactive features like video streaming, gaming, and social media apps. For example, TCL Technology, a China-based company manufacturing televisions, reported in June 2023 that despite an overall industry downturn, its TV division bucked the trend by shipping 23.8 million units in 2022, thus outperforming the wider market. Hence, the escalating adoption of smart TVs is fueling the expansion of the digital TV SoC market.
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What Long-Term Trends Will Define the Future of the Digital TV SoC Market?
The integration of artificial intelligence into digital TV SoC has surfaced as an important trend that is gaining traction in the digital tv SoC market. Key players in the market are focusing on developing technologically advanced products to solidify their market position. An example of this is the August 2022 launch of Pentonic 700 by MediaTek, a semiconductor company based in Taiwan. This new chipset, designed for 120Hz 4K smart TVs, functions as a system-on-chip (SoC) for smart TVs and is furnished with a powerful AI processing engine. Notable features include Dolby Vision IQ, integrated 4K120 MEMC and TCON, along with additional enhancements for gaming. It is also equipped with an AI processing unit (APU) that works harmoniously with MediaTek's AI-Super Resolution, AI-Picture Quality (AI-PQ) Scene Recognition, and AI-PQ Object Recognition technologies, adding to its capabilities for advanced edge smoothing and detail reconstruction.
Which Segments in the Digital TV SoC Market Offer the Most Profit Potential?
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 Firms Dominate the Digital TV SoC Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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
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