Digital TV SoC Global Market Report 2024

The digital tv soc market 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 witnessed in the historical period can be attributed to several factors. These include the shift towards digital broadcasting, a rise in consumer adoption of smart TVs, an increased demand for high-definition content, government initiatives aimed at promoting digitalization, and the widespread proliferation of digital entertainment devices.

The digital tv soc market 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 projected growth in the forecast period can be attributed to several key factors. These include the emergence of 4K and 8K technologies, the seamless integration with artificial intelligence (AI), a growing demand for smart home ecosystems, the evolution of interactive and immersive content, and an upsurge in Internet Protocol Television (IPTV). Notable trends anticipated in the forecast period include advancements in connectivity standards, a focus on energy efficiency, the development of interactive and immersive experiences, enhancements in content security, digital rights management, and the expansion of the global market.

The anticipated surge in smart TV adoption is positioned to drive the growth of the digital TV System-on-Chip (SoC) market in the coming years. Smart TVs, characterized by internet connectivity and interactive features beyond traditional television viewing, are gaining widespread popularity owing to the broader availability and accessibility of high-speed internet, the increasing prevalence of online streaming services, and the enhanced user experience and features they provide. Digital TV SoCs play a pivotal role in smart TVs, facilitating interactive 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, demonstrating a notable increase from 45% in 2020. The rising adoption of smart TVs stands as a significant driver behind the growth of the digital TV SoC market.

The upswing in electronic device production is expected to further bolster the digital TV SoC market. Electronic devices, leveraging electronic components and circuits to perform specific functions such as processing, storing, transmitting, or displaying information or signals, benefit from digital TV SoCs that integrate multiple functions into a single chip, optimizing the design and performance of digital TVs. As per data released by Invest India, an India-based national investment promotion and facilitation agency, the domestic production of electronics reached $87 billion in the financial year 2022 and is projected to reach $300 billion by the financial year 2026. Consequently, the increased production of electronic devices is anticipated to be a significant driver for the future growth of the digital TV SoC market.

The integration of artificial intelligence (AI) into the digital TV System-on-Chip (SoC) has emerged as a prominent trend, gaining significant traction in the digital TV SoC market. Key industry players are actively focusing on developing technologically advanced products to strengthen their market positions. In August 2022, MediaTek, a prominent Taiwan-based semiconductor company, unveiled the Pentonic 700, a cutting-edge chipset specifically designed for 120Hz 4K smart TVs. Serving as a system-on-chip (SoC) for smart TVs, the Pentonic 700 features a robust AI processing engine tailored for high-end 120Hz 4K TVs. Noteworthy features include Dolby Vision IQ, integrated 4K120 MEMC and TCON, and 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, contributing to advanced edge smoothing and detail reconstruction.

Major companies in the digital TV SoC market are adopting a strategic partnership approach to drive continuous innovation. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits. In November 2021, MediaTek entered into a partnership with Taiwan Semiconductor Manufacturing Company Limited (TSMC), a semiconductor manufacturing company based in Taiwan. The collaborative effort aims to develop and launch the world's first 7nm 8K resolution digital TV system-on-chip (SoC). The resulting product, the MediaTek Pentonic 2000, is positioned as the industry's most advanced multimedia SoC, targeted at flagship 8K TVs.

In August 2023, Bosch, a renowned Germany-based engineering and technology company, executed an undisclosed acquisition of TSI Semiconductors Corporation (TSI Semiconductors). This strategic move enables Bosch to establish significant manufacturing capacity in a crucial market. Bosch plans to allocate approximately $1.5 billion for the conversion of the Roseville site into a facility dedicated to the production and testing of silicon carbide semiconductors. TSI Semiconductors Corporation, the acquired company, is a US-based chipmaker serving the automotive and electronics industries.

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.

Asia-Pacific was the largest region in the digital TV SoC market in 2023. 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. The countries covered in the digital tv soc market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary display technologies associated with digital TV SoCs include LCD (Liquid Crystal Display), LED (Light Emitting Diode), OLED (Organic Light Emitting Diode), and QLED (Quantum Dot Light Emitting Diode). LCD, or Liquid Crystal Display, is a technology that utilizes liquid crystals to display images and is commonly found in digital TVs and computer monitors. These technologies have diverse applications, spanning various devices such as smart televisions (TVs), set-top boxes, and others, serving the needs of both residential and commercial users.

The digital TV SoC market research report provides digital TV SoC market statistics, including the digital TV SoC industry global market size, regional shares, competitors with a digital TV SoC market share, detailed digital TV SoC market segments, market trends, and opportunities, and any further data you may need to thrive in the digital TV SoC industry. This digital TV SoC market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The digital TV SoC market consists of sales of satellite, cable, integrated systems, and terrestrial products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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