Market Overview
The
Global LCD TV Core Chip Market is expected to reach a value of
USD 4.6 billion in 2023, and it is further anticipated to reach a market value of
USD 12.5 billion by 2032 at a CAGR of 11.7%. The market has seen a significant increase in the recent past and is predicted to grow significantly during the forecasted period as well.
The LCD TV core chip is the fusion of LCD TV technology with a processor core chip, improving the computational capabilities offered through television sets. This integration combines the strengths of LCD TVs and core chip functionalities, increasing the computing performance within TVs. The use of core chips in LCD TVs not only improves the user experience by seamlessly merging internet-based information & content from TV providers into a balanced platform known as smart television but also eliminates the need for separate set-top boxes. As a result, users can effortlessly access online stores, and websites, and download desired content, optimizing the utility of smart TVs.
The combination of LCD TV and core chip technology introduces a new level of convenience & versatility to television viewing. This innovative pairing not only enriches the computing capabilities of television sets but also simplifies the overall user experience by providing a unified hub for content consumption and online interaction. By seamlessly combining traditional broadcasting with online connectivity, the LCD TV core chip contributes to a more streamlined and interactive entertainment landscape.
Market Dynamic
The global growth of the LCD TV core chip market is being driven by factors like increasing internet usage, simplified content downloading, and convenient access to online content. Additionally, major progress in LCD TV core chip technology and significant research & development investments by key players in regional markets are contributing and driving to the growth and expansion of the global LCD TV core chip market.
However, the increase and adoption of alternative technologies like LED Smart TVs create a significant obstacle to the growth of the global LCD TV core chip market. Furthermore, the advancement of OLED (Organic LED) display panels and the substantial reliance on technology providers to establish a foothold in the LCD TV market emerge as crucial factors impeding the growth of the worldwide LCD TV core chip market.
Research Scope and Analysis
By Application
The commercial application for the global LCD TV core chips market has been a major driving factor of the market in 2023 and is anticipated to stay across the forecasted period, as the LCD TV core chips hold vital commercial significance, seamlessly integrating computational power into TVs, allowing smart TV features that merge online content & traditional broadcasting, they elevate gaming consoles, digital signage, and interactive touchscreens. This increases real-time updates, multimedia displays, and dynamic content delivery, transforming spaces across hospitality, retail, education, and corporate sectors into engaging, interactive environments. This versatile technology enriches user experiences, catering to diverse commercial demands and amplifying engagement.
By Type
In 2023, the 32-bit LCD TV core chips were one of the major segments driving the market and contributed significantly towards the global revenue, as integrating 32-bit LCD TV core chips empowers television sets with smart TV capabilities, seamlessly integrating online content & traditional broadcasting. These chips also improve digital signage, interactive
touchscreens, and gaming consoles, facilitating real-time updates, dynamic content delivery, and multimedia presentations. Across sectors like hospitality, retail, education, and corporate communication, these chips transform spaces into immersive, interactive environments, enriching user experiences and meeting diverse business needs, and are anticipated to drive the future of the market.
The Global LCD TV Core Chip Market Report is segmented on the basis of the following:
By Application
- Residential
- Commercial
- Educational
By Type
- 8-bit
- 16-bit
- 32-bit
- 64-bit
Regional Analysis
Asia Pacific holds a major market share of the global LCD TV core chip market, accounting for
33.8% of the total revenue of the overall revenue of market in 2023, and is anticipated to hold its lead throughout the forecasted period. This lead in the market is primarily due to the strong presence of both LCD TVs & core chip manufacturers within this region such as LG, Samsung, etc. Along with it, leading economies in Asia Pacific, including China, Japan, Korea, and Taiwan, are home to a significant number of manufacturers who specialize in the production of LCD TV core chips.
Also, there has been a significant increase in the expansion of LCD Smart TVs in the North American market in recent years, and is expected to grow more over the forecasted period.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The global LCD TV core chip market has high fragmentation, as both established manufacturers and emerging contenders compete for leadership. Innovation, advanced technologies, & strategic collaborations serve as key growth drivers. In addition, prioritizing core chip optimization, energy efficiency, & advanced features align with evolving consumer preferences. This dynamic scenario stimulates innovation & leads towards the advancement of LCD TV core chip capabilities.
For instance, in June 2023, Xiaomi launched the Xiaomi TV EA43 in China, a 32-inch variant, which retains the core features of the 2022 edition, using similar enhancements to the 43-inch version. Mainly, it features a 64-bit quad-core CPU, a significant improvement from the previous dual-core Amlogic chipset. Further, this technological upgrade enhances Xiaomi's dedication to improve TV performance as well as user experience.
Some of the prominent players in the Global LCD TV Core Chip Market are:
- Amlogic
- Lenovo
- LG
- MediaTek
- Panasonic
- Philips
- Sony
- Samsung
- Toshiba
- Xiaomi
- Broadcom
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global LCD TV Core Chip Market:
The Global LCD TV Core Chip Market felt the impact of the COVID-19 pandemic and recession with reduced demand due to lockdowns & disrupted supply chains. In addition, shifting consumer priorities & delayed investments affected the production of the LCD TV core chips. However, as economies recover and consumer preferences evolve, the market is anticipated to revive and will be further driven by increasing demand and technological advancements.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 4.6 Bn |
| Forecast Value (2033) |
USD 12.5 Bn |
| CAGR (2024-2033) |
11.7% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Application (Residential, Commercial and Educational), By Type (8-bit, 16-bit, 32-bit and 64-bit). |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Amlogic, Lenovo, LG, MediaTek, Panasonic, Philips, Sony, Samsung, Toshiba, Xiaomi, Broadcom, and Other Key Players. |
| Purchase Options |
HVMN Inc., Thync Global Inc., Apple Inc., Fitbit Inc., TrackmyStack, OsteoStrong, The ODIN, Thriveport LLC, Muse, Moodmetric, and Other Key Players |
Frequently Asked Questions
The Global LCD TV Core Chip Market is estimated to reach USD 4.6 billion in 2023, which is further expected to reach USD 12.5 billion by 2032.
Asia Pacific dominates the Global LCD TV Core Chip Market with a share of 33.8% in 2023.
Some of the major key players in the Global LCD TV Core Chip Market are Samsung, Lenovo, Sony Corp, and many others.
The market is growing at a CAGR of 11.7 percent over the forecasted period.