Press release
Digital TV SoC Market Size is Projected to Reach $17.43 Billion by 2028, Growing at a CAGR of 12.8% during Forecast Period 2024-2033
Digital TV SoC Market Report
The Business Research Company offers in-depth market insights through Digital TV SoC Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The digital tv soc market size has grown rapidly in recent years. It will grow from $9.93 billion in 2023 to $11.22 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to transition to digital broadcasting, consumer adoption of smart tvs, rising demand for high-definition content, government initiatives for digitalization, proliferation of digital entertainment devices.
The digital tv soc market size is expected to see rapid growth in the next few years. It will grow to $17.43 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to emergence of 4k and 8k technologies, integration with artificial intelligence (ai), growing demand for smart home ecosystems, evolution of interactive and immersive content, rise in internet protocol television (iptv). Major trends in the forecast period include connectivity standards, energy efficiency, interactive and immersive experiences, content security and digital rights management, global market expansion.
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Market Segmentation:
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
Major Driver - Surge In Smart Tv Adoption Fuels Growth Of The Digital Tv Soc Market
The increase in smart tv adoption is expected to propel the growth of the digital TV SoC market going forward. Smart TVs refer to advanced televisions that have internet connectivity and offer interactive features beyond traditional television viewing. The increase in smart tv adoption is mostly driven by greater availability and accessibility of high-speed internet, increasing popularity of online streaming services, enhanced user experience, and features, where digital TV SoCs are used in smart TVs to enable their interactive features and functionalities, such as video streaming, gaming, and social media applications. For instance, according to the Federal Register, a US-based official journal of the federal government, smart TVs constituted 52% of all TV sets consumed in 2021, which is a significant increase from 45% in 2020. Therefore, the increase in smart tv adoption is driving the growth of the digital TV SoC market.
Competitive Landscape:
Major companies operating in the digital tv soc market report are 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, Zoran Corporation, 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.
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Top Trend - A Smart Tv Soc Integrating Advanced Artificial Intelligence For Enhanced Picture
The adoption of artificial intelligence into digital TV SoC have emerged as a key trend gaining popularity in the digital tv SoC market. Major market players are concentrating their efforts on creating technological advanced products to strengthen their position in the market. For instance, in August 2022, MediaTek, a Taiwan-based semiconductor company launched Pentonic 700, a new chipset for 120Hz 4K smart TVs. The Pentonic 700 serves as a system-on-chip (SoC) for smart TVs, boasting a robust AI processing engine designed for high-end 120Hz 4K TVs. It comes equipped with features like Dolby Vision IQ, integrated 4K120 MEMC and TCON, along with optimizations for gaming. The chipset's AI processing unit (APU) is compatible with MediaTek's AI-Super Resolution, AI-Picture Quality (AI-PQ) Scene Recognition, and AI-PQ Object Recognition technologies. These functionalities contribute to advanced edge smoothing and detail reconstruction.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital TV SoC Market Characteristics
3. Digital TV SoC Market Trends And Strategies
4. Digital TV SoC Market - Macro Economic Scenario
5. Digital TV SoC Market Size And Growth
…..
27. Digital TV SoC Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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