How Has The Digital TV SoC Market Size Evolved In Recent Years?
The digital tv soc market has seen considerable growth due to a variety of factors.
•In recent years, there has been a swift expansion in the digital TV SoC market. The market value which is projected to rise from $11.04 billion in 2024 to $12.36 billion in 2025, is anticipated to grow at a compound annual rate (CAGR) of 11.9%.
The historic growth of this market can be traced back to factors such as the shift to digital broadcasting, the increased consumer acceptance of smart TVs, the escalating demand for high-definition content, governmental push for digitalization, and the widespread use of digital entertainment devices.
What Is The Projected Growth Of The Digital TV SoC Market?
The digital tv soc market is expected to maintain its strong growth trajectory in upcoming years.
• The digital TV SoC market is predicted to undergo swift expansion in the upcoming years, with a projected growth to "$19.13 billion by 2029, experiencing a compound annual growth rate (CAGR) of 11.5%.
The forecasted growth can be linked to the advent of 4k and 8k technologies, integration with artificial intelligence (AI), increasing demand for smart home ecosystems, the development of interactive and immersive content, and the rise of internet protocol television (IPTV). Some of the prominent trends in the forecast period comprehend connectivity standards, power efficiency, interactive and immersive experiences, content protection and digital rights management, along with global market broadening.
What Key Factors and Trends are Driving the Growth of the Digital TV SoC Market?
The surge in smart TV usage is anticipated to spur the expansion of the digital TV SoC market in the future. Smart TVs, characterized as modern televisions with internet connectivity and providing additional features beyond typical TV viewing, are becoming more popular. This is due to the increased availability and accessibility of high-speed internet, swell in popularity of online streaming services, and superior end-user encounter and elements. Smart TVs utilize digital TV SoCs to facilitate their interactive specifications and functionalities, including video streaming, gaming, and social media use. For instance, TCL Technology, a Chinese television manufacturing firm, reported in June 2023 that its TV branch surpassed the general market tendencies by shipping 23.8 million units in 2022, regardless of the overall industry contraction. Consequently, the upswing in smart TV usage propels the digital TV SoC market's growth.
What are the Market 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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What Trends are Shaping the Digital TV SoC Market?
The escalating integration of artificial intelligence in digital TV system-on-chip (SoC) has been recognized as a dominant trend in the digital tv SoC market. Prominent market participants are focusing their endeavours on innovating technologically superior products to solidify their market standing. For illustration, MediaTek, a semiconductor company originating from Taiwan, unveiled a new chipset for 120Hz 4K smart TVs, named Pentonic 700, in August 2022. The Pentonic 700 is an SoC catered to smart TVs, featuring a potent AI processing engine tailored for premium 120Hz 4K TVs. It is outfitted with attributes such as Dolby Vision IQ, built-in 4K120 MEMC and TCON, and enhancements for gaming. Furthermore, the chipset’s AI processing unit (APU) is harmonious with MediaTek's AI-Super Resolution, AI-Picture Quality (AI-PQ) Scene Recognition, and AI-PQ Object Recognition technology. These functions aid in sophisticated edge smoothing and detail reconstruction.
Who Are the Key Players 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.
What are the Regional Insights into 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
