What Is The Definition Of The Global Liquid-Crystal Display (LCD) Television Core Chip Market?
A liquid-crystal display (LCD) television core chip is a specialized integrated circuit that serves as the central processing unit for an LCD television. This core chip manages and controls various functions within the television (TV), including image processing, signal conversion, and interface management.
Liquid-Crystal Display (LCD) Television Core Chip Global Market Report 2024 provides data on the global liquid-crystal display (lcd) television core chip market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The liquid-crystal display (lcd) television core chip market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Are The Global Liquid-Crystal Display (LCD) Television Core Chip Market Size And Growth Rates Projected To Evolve?
The liquid-crystal display (LCD) television core chip market has grown rapidly, from $3.91 billion in 2023 to $4.37 billion in 2024 at a CAGR of 11.6%. Historical drivers include increased consumer electronics spending, high-definition display demand, large-screen TV popularity, and streaming growth. The market is expected to reach $6.84 billion by 2028 at a CAGR of 11.9%, driven by internet user growth, demand for LCD TVs, and smart TV popularity. Trends include AI integration, HDR adoption, IoT connectivity, and voice control advancements.
What Are The Essential Drivers Behind The Growth Of The Liquid-Crystal Display (LCD) Television Core Chip Market?
The expanding demand for smart TVs is expected to propel the growth of the liquid-crystal display (LCD) television core chip market. Smart TVs, offering internet connectivity and integrated streaming services, are increasingly popular for their convenience and enhanced entertainment options. LCD core chips are crucial for processing signals, controlling displays, managing connectivity, and supporting smart features. Sales of smart TVs in the U.S. reached 44 million in 2022, and the market is forecasted to grow steadily in Europe through 2026, further driving the demand for LCD television core chips.
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How Is The Global Liquid-Crystal Display (LCD) Television Core Chip Market Divided Into Key Segments?
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
What Trends Are Reshaping The Future Of The Liquid-Crystal Display (LCD) Television Core Chip Market?
Within the liquid-crystal display (LCD) television core chip market, companies are developing technologies such as smart TV system-on-chip (SoC) solutions to enhance performance and integrate advanced features. MediaTek Inc., a Taiwanese company, introduced the Pentonic 1000 Chipset in November 2022. This smart TV SoC supports 4K 120Hz displays and integrates AI-driven technologies for enhanced image processing, providing superior color accuracy and cinematic experiences with Dolby Vision and HDR10+ support.
What Is The Fastest Growing Region 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 2023. 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.
