Press release
Digital TV SoC Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Digital TV SoC Market
How Large Will the Digital TV SoC Market Size By 2025?
There has been a robust growth in the size of the digital tv soc market in the recent times. The market which was worth $11.04 billion in 2024 is projected to increase to $12.13 billion in 2025, showing a compound annual growth rate (CAGR) of 9.9%. The noteworthy growth seen in the previous period was linked to the changeover to digital broadcasting, endorsement of smart TVs by consumers, growing need for high-definition content, governmental push towards digitalization, and the proliferation of digital entertainment gadgets.
How Big Is the Digital TV SoC Market Size Expected to Grow by 2029?
In the coming years, the digital TV SoC market segment promises a swift expansion. It's projected to surge to a market worth of $18.35 billion by 2029 with a noteworthy Compound Annual Growth Rate (CAGR) of 10.9%. Various factors contributing to this predicted growth during the forecast period include the introduction of 4k and 8k technologies, compatibility with artificial intelligence (AI), an increasing requirement for smart home ecosystems, development of interactive and immersive content, and a surge in Internet Protocol Television (IPTV). Connectivity norms, energy efficiency, interactive and immersive experiences, content security, and digital rights management are major trends to watch for this period of worldwide market expansion.
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Which Key Market Drivers Powering Digital TV SoC Market Expansion and Growth?
The digital TV SoC market is set to flourish with the rising adoption of smart TVs. Smart TVs are evolved versions of televisions that offer internet connectivity and interactive features surpassing the traditional TV watching experience. The uptick in smart TV usage can be attributed to the easy availability and accessibility of high-speed internet, the soaring popularity of online streaming platforms, and enhancing user interface, where digital TV SoCs are implemented in smart TVs to facilitate interactive features and functions such as video streaming, gaming, social media applications. For example, in June 2023, TCL Technology reported that their TV division counteracted the broader market trend by shipping 23.8 million units in 2022, despite a slump in the overall industry. Consequently, the surging adoption of smart TVs is fueling the growth of the digital TV SoC market.
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Which Emerging Trends Are Transforming the Digital TV SoC Market in 2025?
The incorporation of artificial intelligence into digital TV system-on-chip (SoC) technology has been identified as a growing trend in the digital TV SoC market. To solidify their presence in the market, key industry players are focusing on developing technologically superior products. As an illustration, MediaTek, a semiconductor corporation headquartered in Taiwan, introduced the Pentonic 700, a novel chipset tailored for 120Hz 4K smart TVs, in August 2022. Engineered for premium 120Hz 4K TVs, the Pentonic 700 functions as a SoC for smart TVs, flaunting a powerful AI processing engine. This SoC comprises innovative features like Dolby Vision IQ, inbuilt 4K120 MEMC, and TCON, as well as gaming enhancements. The SoC's AI processing unit (APU) supports MediaTek's unique technologies, like AI-Super Resolution, AI-PQ Scene Recognition, and AI-PQ Object Recognition. These features facilitate sophisticated edge smoothing and detail reformation.
What Are the Emerging Segments in the Digital TV SoC Market?
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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Digital TV SoC Industry?
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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