Liquid-Crystal Display (LCD) Television Core Chip Market Report 2024

This Liquid-Crystal Display (LCD) Television Core Chip market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The liquid-crystal display (LCD) television core chip market size has grown rapidly in recent years. It will grow from $3.91 billion in 2023 to $4.37 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The expansion during the historic period can be linked to a rise in consumer electronics expenditure, a growing demand for high-definition displays, an increase in the popularity of large-screen TVs, a surge in global consumer electronics sales, and a rise in internet streaming usage.

The liquid-crystal display (LCD) television core chip market size is expected to see rapid growth in the next few years. It will grow to $6.84 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The expansion during the historic period can be linked to a rise in consumer electronics expenditure, a growing demand for high-definition displays, an increase in the popularity of large-screen TVs, a surge in global consumer electronics sales, and a rise in internet streaming usage.

The increasing demand for smart televisions (TVs) is anticipated to drive the growth of the liquid-crystal display (LCD) television core chip market. Smart TVs, which are televisions with internet connectivity and integrated interactive features, are gaining popularity due to the rising need for connectivity and the seamless integration of streaming services. This trend enhances entertainment options and convenience for users. LCD television core chips are essential for processing signals accurately, controlling display and backlight functions, managing connectivity and user interactions, and supporting additional smart features and audio processing. For instance, in July 2024, Worldmetrics, a US-based government organization, projected a 5% annual increase in smart TV sales across Europe from 2021 to 2026. Furthermore, smart TV sales in the United States reached 44 million units in 2022. Hence, the increasing demand for smart TVs is fueling growth in the LCD television core chip market.

Leading companies in the LCD television core chip sector are concentrating on advancing technologies, such as smart TV system-on-chip (SoC) solutions, to enhance performance and incorporate sophisticated features. Smart TV System-on-Chip (SoC) technologies are integrated circuits designed for smart TVs, combining essential functions into a single compact unit to enable advanced capabilities. For example, in November 2022, MediaTek Inc., a Taiwan-based semiconductor company, launched the Pentonic 1000 Chipset, a premium smart TV SoC tailored for 4K 120Hz displays. This cutting-edge chipset provides robust processing power for high-resolution 4K displays and smooth 120Hz refresh rates, ensuring exceptionally clear and fluid visuals. It features advanced AI-driven technologies for superior image processing, with enhanced color accuracy and contrast. The Pentonic 1000 also supports Dolby Vision and HDR10+, offering an enhanced cinematic viewing experience with increased brightness and dynamic range.

In September 2022, Japan Industrial Partners Inc., a Japan-based private equity firm, acquired a 78% stake in Toshiba Corporation for $14 billion. This acquisition is aimed at revitalizing Toshiba’s operations and improving its financial health through strategic restructuring and operational enhancements. Toshiba, a Japanese electronics company, produces core chips used in LCD televisions.

Major companies operating in the liquid-crystal display (LCD) television core chip market are Samsung Electronics Co. Ltd., Skyworth Group, Sony Corporation, Taiwan Semiconductor Manufacturing Company, Innolux Corporation, LG Corporation, Panasonic Corporation, Qualcomm Incorporated, Xiaomi Corporation, Broadcom Inc., Toshiba Corporation, Advanced Micro Devices, Sharp Corporation, Koninklijke Philips N.V., MediaTek Inc., Skyworth Group, Innolux Corporation, Hisense Group, Marvell Technology Group Ltd., Realtek Semiconductor Corporation, Novatek Microelectronics Corporation, TCL Corporation, Vizio Holding Corp., Himax Technologies Inc, CooCaa TV, Amlogic Inc.

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.

The countries covered in the liquid-crystal display (LCD) television core chip market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A liquid-crystal display (LCD) television core chip is a specialized integrated circuit that functions as the central processing unit for an LCD television. This core chip is responsible for managing and controlling various television functions, such as image processing, signal conversion, and interface management.

The primary types of liquid-crystal display (LCD) television core chips include liquid crystal display driver integrated circuits, liquid crystal display controller integrated circuits, power management ICs, and others. An LCD Driver IC is specifically responsible for controlling the activation of liquid crystal pixels and rendering images on electronic devices. This IC regulates the voltage applied to each pixel in an LCD screen to ensure accurate image display. The core chips come in different configurations, such as 8-bit, 16-bit, 32-bit, and 64-bit cores, and are utilized in various applications, including televisions, monitors, and more.

The liquid-crystal display (LCD) television core chip market research report is one of a series of new reports that provides liquid-crystal display (LCD) television core chip market statistics, including liquid-crystal display (LCD) television core chip industry global market size, regional shares, competitors with a liquid-crystal display (LCD) television core chip market share, detailed liquid-crystal display (LCD) television core chip market segments, market trends, and opportunities, and any further data you may need to thrive in the liquid-crystal display (LCD) television core chip industry. This liquid-crystal display (LCD) television core chip 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 liquid-crystal display (LCD) television core chip market consists of sales of microcontroller units, digital signal processors, graphics processing units, driver integrated circuits (ICs), power management ICs, application-specific integrated circuits and memory devices. 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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