Press release
Key Factor Supporting Liquid-Crystal Display (LCD) Television Core Chip Market Development in 2025: Smart TV Demand Fuels Growth In LCD Television Core Chip Market
Liquid-Crystal Display (LCD) Television Core Chip
How Large Will the Liquid-Crystal Display (LCD) Television Core Chip Market Size By 2025?
The market for core chips in liquid-crystal display (LCD) televisions has seen swift expansion in the recent past. It is projected to escalate from $4.37 billion in 2024 to $4.9 billion in 2025, with a compound annual growth rate (CAGR) of 12.1%. Factors such as an increase in expenditure on consumer electronics, a rising demand for high-definition screens, a surge in the preference for large-screen televisions, a hike in worldwide sales of consumer electronics, and the growth in internet streaming adoption can be credited for the historical growth.
How Big Is the Liquid-Crystal Display (LCD) Television Core Chip Market Size Expected to Grow by 2029?
The market for core chips used in liquid-crystal display (LCD) televisions is expected to experience rapid expansion in the coming years. The market is projected to reach a value of $7.64 billion in 2029, with a compound annual growth rate of 11.8%. Several factors are thought to be behind this growth during the forecast period, including an increasing number of internet users, a surge in the demand for LCD TVs, a growing preference for large-screen TVs, escalating customer demand for smart LCD TVs, and a rising demand for TVs with 4k and 8k resolution. The forecast period is also expected to see various major trends such as technological advancements, the integration of artificial intelligence, the adoption of HDR technology, the integration of the internet of things, and the implementation of voice control.
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Which Key Market Drivers Powering Liquid-Crystal Display (LCD) Television Core Chip Market Expansion and Growth?
The surge in demand for smart televisions is projected to spur the expansion of the liquid-crystal display television core chip market. Smart TVs are television sets equipped with internet capabilities and interactive features. The escalating demand for these devices can be attributed to the need for connectivity and the trend of incorporating streaming services directly into TVs to provide users with improved entertainment choices and convenience. LCD television core chips are integral for signal processing, display and backlight control, connectivity and user interaction management, and supporting extra functionalities such as smart capability and audio processing. For example, Worldmetrics, a US government entity, reported in July 2024 that it anticipates the annual growth rate for smart TV sales across Europe to be about 5% from 2021 till 2026. Furthermore, the smart TV sales figure in the USA hit the 44 million mark in 2022. As such, the burgeoning demand for smart TVs is pushing the growth of the liquid-crystal display (LCD) television core chip market.
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Which Fast-Growing Trends Are Poised to Disrupt the Liquid-Crystal Display (LCD) Television Core Chip Market?
Leading enterprises in the liquid-crystal display (LCD) television core chip industry are shifting their focus towards the invention of groundbreaking technologies, such as smart TV system-on-chip (SoC) technologies, in a bid to boost performance and incorporate advanced attributes. These circuits, typically designed for smart TVs, amalgamate crucial functionalities into a singular, compact component that opens the door to cutting-edge features and abilities. For example, MediaTek Inc, a semiconductor firm hailing from Taiwan, released the Pentonic 1000 Chipset in November 2022. This high-tech smart TV system-on-chip (SoC) is tailor-made for 4K 120Hz displays. It comes with robust processing prowess for coping with high-resolution 4K displays, delivering seamless 120Hz refresh rates for clear and smooth visuals. The chipset boasts of improved AI-based features for superior image processing, yielding better results in terms of color precision and contrast. Furthermore, the Pentonic 1000 comes fully equipped with Dolby vision and HDR10+ support, providing a movie theatre-like viewing experience with enhanced brightness and dynamic range.
What Are the Emerging Segments in 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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Who Are the Global Leaders in the 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.
Which are the Top Profitable Regional Markets for the Liquid-Crystal Display (LCD) Television Core Chip Industry?
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.
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