Digital TV SoC Market to grow at a CAGR of 12.6 percent reaching USD 22.24 Bn by 2029
Digital TV SoC Market is segmented based on End User and Display Technology. Bottom-up approach was used to estimate the Digital TV SoC Market size.
Pune, April 13, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global electronics products market research firm, has published competitive intelligence market research report on “Digital TV SoC Market“. The Digital TV SoC market size was valued at USD 9.68 Bn in 2022. The total Digital TV SoC Market revenue is expected to grow at a CAGR of 12.6 percent from 2022 to 2029, reaching USD 22.24 Bn by 2029.
Market Size in 2022 | USD 9.68 Bn |
Market Size in 2029 | USD 22.24 Bn |
CAGR | 12.60 percent (2022-2029) |
Forecast Period | 2023-2029 |
Base Year | 2022 |
Number of Pages | 265 |
No. of Tables | 129 |
No. of Charts and Figures | 121 |
Segment Covered | By End User and Display Technology |
Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Digital TV SoC Market Scope and Research Methodology
The report on Digital TV SoC Market provides a detailed analysis of the market along with market structure and dynamics. A regional, segment- wise and competitive analysis is covered in the report. The report includes the Digital TV SoC Market size and the growth rate of the market. Key insights include the growth drivers, opportunities for expansion, restraints and challenges to the market.
The research methodology used to analyze the digital TV SoC market typically involves a combination of primary and secondary research. Primary research involves gathering information through surveys, interviews, and discussions with key stakeholders in the market, such as product managers, industry experts, and end-users. Secondary research involves collecting data from various sources, such as company websites, industry reports, and government publications. The research methodology used for the digital TV SoC market involves defining the research problem and objectives, conducting a literature review and secondary research to gather information on the market and developing recommendations and strategies for market players and stakeholders.
Digital TV SoC Market Overview
The Digital TV SoC (System-on-Chip) market is a rapidly growing segment of the semiconductor industry. A Digital TV SoC integrates various components such as a microprocessor, memory, graphics processing unit and other peripherals onto a single chip. These chips are used in digital televisions, set-top boxes, and other multimedia devices. In terms of regional growth, Asia Pacific has been the largest market for Digital TV SoCs, with countries like China, Japan, and South Korea being major contributors to the market. North America and Europe are also significant markets for Digital TV SoCs due to the high penetration of digital TV services in these regions. Some of the key players in the Digital TV SoC market include MediaTek, Broadcom, Qualcomm, Intel, and Samsung Electronics. These companies are investing heavily in research and development to create new, advanced SoCs to cater to the increasing demands of consumers for better performance and features in their multimedia devices.
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Digital TV SoC Market Drivers:
Rising popularity of smart TVs is expected to drive the Digital TV SoC Market Growth.
Smart TVs, which are internet-enabled and capable of running apps and streaming content from online sources, require advanced SoCs to handle the processing and decoding of digital signals. As more and more consumers are adopting smart TVs, the demand for digital TV SoCs is expected to increase. In addition, the increasing demand for high-resolution and high-quality video content is also driving the growth of the digital TV SoC market.
The market is also expected to benefit from the increasing adoption of 4K and 8K ultra-high-definition (UHD) TVs, which require more powerful and advanced SoCs to handle the processing of high-resolution video content. the increasing availability of streaming services such as Netflix, Amazon Prime Video, and Hulu is also driving the growth of the digital TV SoC market. the rising popularity of smart TVs and the increasing demand for high-quality video content are expected to drive the growth of the digital TV SoC market during the forecast period.
Asia Pacific region is expected to fuel the Digital TV SoC Market growth
The Asia Pacific region is expected to be a key driver of growth in the digital TV SoC (System-on-Chip) market. High adoption of digital television technology in the region, as well as the growing demand for high-definition (HD) and ultra-high-definition (UHD) content are some of the prominent factors behind the market growth. The Asia Pacific region is home to some of the world's largest and fastest-growing economies, including China, India, Japan, South Korea, and Australia. These countries have large populations with increasing disposable incomes and a growing appetite for digital entertainment. As a result, there is a strong demand for digital TV SoCs that can support the latest video and audio standards and deliver high-quality, immersive viewing experiences.
Digital TV SoC Market Segmentation
By Display Technology:
LCD
LED
OLED
QLED
By End-Use:
Residential
Commercial
Others
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Based on End User, Residential segment held the dominant position in 2022
Digital TV SoC (System on Chip) is a key component in digital television technology. It integrates all the necessary electronic circuits and components required for digital TV signal processing, including audio and video decoding, display, and user interface. The market for Digital TV SoC is highly competitive, with many major players offering a range of products for various applications. The residential segment has traditionally been the largest market for Digital TV SoC, as it is used in set-top boxes and smart TVs. However, the demand for Digital TV SoC is also increasing in other segments such as commercial and industrial applications. the Digital TV SoC market is expected to continue to grow as digital television becomes increasingly popular worldwide, and more consumers demand high-quality viewing experiences.
Digital TV SoC Market Key Players Include:
Broadcom Inc.
MediaTek Inc.
Intel Corporation
Qualcomm Technologies, Inc.
Samsung Electronics Co. Ltd.
STMicroelectronics N.V.
Texas Instruments Incorporated
Novatek Microelectronics Corp.
MStar Semiconductor, Inc.
LG Electronics Inc
Sigma Designs
HiSilicon
Transtec Semiconductor AG
ViXS Systems Inc
Zoran Corporation
Silicon Laboratories Inc
NXP Semiconductors
Realtek Semiconductor Corporation
Broadcom Inc:
Broadcom Inc is a leading manufacturer of digital TV System on Chip (SoC) solutions. Broadcom's digital TV SoC solutions are designed to support a wide range of video and audio codecs, enabling them to deliver high-quality digital TV services to consumers. The company's digital TV SoC solutions incorporate a range of advanced features, including advanced video processing capabilities, support for advanced audio technologies such as Dolby Atmos, and support for advanced graphics and user interface features.
MediaTek Inc:
MediaTek Inc is a Taiwanese semiconductor company that designs and manufactures a variety of system-on-chips (SoCs) for various consumer electronics products. One of their product lines includes Digital TV SoCs, which are designed for use in television sets and set-top boxes. Digital TV SoCs from MediaTek provide a complete solution for television manufacturers, with features such as high-quality video and audio processing, support for various digital TV standards, and integration with smart TV platforms
Key questions answered in the Digital TV SoC Market are:
What is Digital TV SoC?
What was the Digital TV SoC Market size in 2021?
What is the expected Digital TV SoC Market size by 2029?
What is the growth rate of the Digital TV SoC Market?
Which are the factors expected to drive the Digital TV SoC Market growth?
Which factors are expected to restrain the Digital TV SoC Market growth?
Which segment dominated the Digital TV SoC Market growth?
What is the demand pattern for the Digital TV SoC Market?
Which region held the largest share in the Digital TV SoC Market?
Who are the key players in the Digital TV SoC Market?
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by display technology and end-use
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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