Press release
Steady Expansion Forecast for Liquid-Crystal Display (LCD) Television Core Chip Market, Projected to Reach $7.32 Billion by 2029
Liquid-Crystal Display (LCD) Television Core Chip Market
Liquid-Crystal Display (LCD) Television Core Chip Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of the liquid-crystal display (LCD) television core chip has seen a swift expansion. The market size, currently at $4.37 billion in 2024, is projected to reach $4.81 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.0%. This significant growth in the preceding period can be traced back to factors such as a surge in consumer electronics expenditure, heightened demand for high-definition displays, an increasing preference for large-screen TVs, a boost in worldwide consumer electronics sales, and a rise in internet streaming usage.
Liquid-Crystal Display (LCD) Television Core Chip Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market for liquid-crystal display (LCD) television core chips is projected to experience a significant growth spurt, expecting to reach $7.32 billion by 2029 with a compound annual growth rate of 11.1%. Several factors contribute to this anticipated expansion during the forecast period including an increase in internet users, heightened demand for LCD televisions, a surge in preference for larger screened TVs, escalating customer interest in smart LCD televisions, and a rising appetite for 4k and 8k resolution TVs. The period is further expected to witness major trends such as advancements in technology, incorporation of AI, adoption of HDR technology, integration of the internet of things, and the incorporation of voice control.
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What Are the Drivers Transforming the Liquid-Crystal Display (LCD) Television Core Chip Market?
The future expansion of the liquid-crystal display television core chip market is predicted to be fueled by the rising popularity of smart televisions. Smart TVs, characterized by their internet-capable and integrated interactive functionalities, are becoming increasingly in demand due to the growing need for connectivity and the direct incorporation of streaming services into the television units, thereby providing a more enhanced and convenient entertainment experience to users. Liquid-crystal display television core chips play a vital role as they ensure proper signal processing, managing display and backlights, handling connectivity and user interactions, as well as supporting additional features such as smart functionality and audio processing. For instance, Worldmetrics, a US-based government organization, projected in July 2024, that smart TV sales in Europe will see an annual increase of 5% from 2021 to 2026. Furthermore, the United States saw smart TV sales reach 44 million units in 2022. As such, the burgeoning demand for smart televisions is a major driving factor for the growth of the liquid-crystal display (LCD) television core chip market.
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What Long-Term Trends Will Define the Future of the Liquid-Crystal Display (LCD) Television Core Chip Market?
In the liquid-crystal display (LCD) television core chip market, key players are focusing on the development of groundbreaking technologies such as smart TV system-on-chip (SoC) technologies. These chip technologies integrate all necessary functions into a condensed unit to provide smart TVs with improved performance and advanced features. To illustrate, MediaTek Inc, a semiconductor company based in Taiwan, launched the Pentonic 1000 Chipset in November 2022. This premier smart TV SoC is designed specifically for 4K 120Hz displays. The advanced chipset incorporates powerful processing capabilities to support detailed 4K displays and produce 120Hz refresh rates, delivering exceptionally clear and smooth visuals. It employs advanced AI-driven technologies for superior image processing, resulting in exceptional color accuracy and contrast. To ensure a cinematic viewing experience, the Pentonic 1000 comes with full Dolby vision and HDR10+ support, delivering enhanced brightness and dynamic range.
Which Segments in the Liquid-Crystal Display (LCD) Television Core Chip Market Offer the Most Profit Potential?
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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Which Firms Dominate the Liquid-Crystal Display (LCD) Television Core Chip Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the Liquid-Crystal Display (LCD) Television Core Chip Market?
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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