The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Overview

• Rapid Growth: The digital TV SoC market has experienced significant expansion, with its size growing from $9.93 billion in 2023 to $11.22 billion in 2024, at a CAGR of 12.9%.
• Historical Growth Drivers:
  • Transition to digital broadcasting.
  • Consumer adoption of smart TVs.
  • Demand for high-definition content.
  • Government initiatives for digitalization.
  • Proliferation of digital entertainment devices.

Future Market Projections

• Continued Momentum: The market is poised for rapid growth, projected to reach $17.43 billion by 2028, with a CAGR of 11.6%.
• Key Growth Factors:
  • Emergence of 4K and 8K technologies.
  • Integration with artificial intelligence (AI).
  • Demand for smart home ecosystems.
  • Evolution of interactive and immersive content.
  • Rise in internet protocol television (IPTV).

Read The Full Digital TV SoC Market Report Here:
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Surge in Smart TV Adoption Fuels Market Growth

• Smart TV Adoption: Increasing adoption of smart TVs drives market growth.
• Smart TVs Defined: Advanced televisions with internet connectivity and interactive features.
• Drivers of Adoption:
  • Greater internet availability.
  • Popularity of online streaming services.
  • Enhanced user experience and features.
• Market Data: In 2021, smart TVs constituted 52% of all TV sets consumed, a significant increase from previous years.

Leading Companies in the Digital TV SoC Market

• Prominent Players:
  • 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

Integration of Advanced Artificial Intelligence

• AI Integration: Adoption of AI in digital TV SoCs is a prominent trend.
• Technological Advancements: Market players focus on developing AI-powered products.
• Case Study – MediaTek: Launch of Pentonic 700 chipset for 120Hz 4K smart TVs.
  • Features include Dolby Vision IQ, 4K120 MEMC, and AI processing unit (APU).
  • AI functionalities enhance edge smoothing and detail reconstruction.

Strategic Acquisitions in the Digital TV SoC Market

• Bosch’s Acquisition of TSI Semiconductors Corporation:
  • In August 2023, Bosch acquired TSI Semiconductors Corporation to expand its manufacturing footprint.
  • Bosch aims to establish substantial manufacturing capacity for silicon carbide semiconductors.
  • TSI Semiconductors specializes in chip manufacturing for automotive and electronics industries.

Market Segmentation

• By Display Technology: LCD, LED, OLED, QLED.
• By Application: Smart Televisions (TVs), Set Top Boxes, Other Applications.
• By End-User: Residential, Commercial, Other End-Users.

Regional Insights

• Asia-Pacific Dominance: Asia-Pacific led the digital TV SoC market in 2023.
• Europe’s Growth: Europe is anticipated to be the fastest-growing region during the forecast period.

The digital TV SoC market is witnessing dynamic growth fueled by technological advancements, changing consumer preferences, and strategic initiatives. As the market continues to evolve, stakeholders are poised to capitalize on emerging opportunities, including the integration of AI, expansion of smart home ecosystems, and the evolution of immersive content experiences. With robust projections and innovative developments on the horizon, the digital TV SoC market promises to redefine entertainment experiences in the digital age.

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The Digital TV SoC Global Market Report 2024  provides an overview of the digital TV SoC market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The digital TV SoC market forecast analyzes digital TV SoC market size, digital TV SoC market share, leading competitor and their market positions.

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