LCD TV Core Chip Market Size, Share, Trends | Forecast 2031

Segments - LCD TV Core Chip Market by Applications (Residential, Educational, and Commercial) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

LCD TV Core Chip Market Outlook 2031

The global LCD TV core chip market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of XX% during the forecast period 2023 - 2031. The growth of the market is attributed to rising urban population and advancements in technology.

Core chips provide advanced and classy features such as video streaming, syncing, and accessing apps over various devices. LCD TV core chips offer access to online stores and websites to download the necessary content. Addition of these features to televisions is attracting customers, thereby driving the market. Implementation of core chips in LCD TVs provides high-quality experience to customers, as it collects information from the internet and content from TV providers and displays it on a smart television.

LCD TV Core Chip Market Trends, Drivers, Restraints, and Opportunities:

Rigorous use of Internet services and rising internet consumer base worldwide fuels the LCD TV core chip market.
Integration of core chip processors in LCD TVs boosts the LCD TV market.
Core chips aid in updating the processor in LCD TVs similar to smartphones.
Need for separate installations of set-top box are reduced, due to LCD TV core chip installation.
Use of alternative technologies such as LED smart TVs is a major restraint for the LCD TV core chip market growth.
Financial crises and recession along with less demand in underdeveloped nations hinders the LCD TV core chip market growth.
LCD TV core chips provide access to online websites and stores to download the desired content.
Incorporation of core chips in LCD TVs improves total functionality in television sets.
Integration of core chips in LCD TVs offers enhanced experience to consumers, as it combines content from TV providers and information from internet and presents it to the consumer in high-quality format.
Advancements in LCD core chip along with increasing investments in R&D by key players are expected to drive the market.
Integration of features such as video streaming, apps, and syncing via numerous devices attracts tech-savvy buyers, which in turn, drives the market.

Scope of LCD TV Core Chip Market Report:

The report on the global LCD TV core chip market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Global LCD TV Core Chip Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Applications (Residential, Educational, and Commercial) and Regions
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Broadcom Corporation, Amlogic, Inc., Hisense Co. Limited, CooCaa TV, LG Electronics, Inc., Google, MediaTek Inc., Lenovo Group Limited, Philips, Panasonic Corporation, Toshiba Corporation, Sony Corporation, Xiaomi, Inc., and Samsung Group.

LCD TV Core Chip Market Segment Insights:

The residential segment is likely to grow at a rapid pace during the forecast period

Based on applications, the global LCD TV core chip market is segregated as residential, educational, and commercial. The residential segment is expected to hold a major share of the market. This segment is anticipated to expand at a rapid pace during the forecast period. Rising demand for smart LCD TVs by customers is the main reason for the growth of this segment.

The educational segment is expected to expand at a robust CAGR during the forecast period. Demand for LCD TV core chips increased, as education is provided online in the event of COVID-19. Consumers are focusing on high technology products.

The market in Asia Pacific is projected to expand at a robust CAGR during the forecast period

On the basis of regions, the global LCD TV core chip market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is speculated to account for a major market share during the forecast period. Low prices of LCD TVs with core chips in the region propel the market. Presence of major manufacturers in China, Japan, Taiwan, and Korea is fueling the market.

The markets in Canada and the US increased the demand for LCD smart TVs. This has driven the LCD TV core chip market in the region. Countries in Europe are expected to be primary technology adopters. Additionally, the European Union is focused on creating sustainable environment and emphasizes on usage of eco-friendly products. LCD TVs are eco-friendly and energy-efficient, hence it has large demand in Europe.

Segments

The global LCD TV core chip market has been segmented on the basis of

Applications

Residential
Educational
Commercial

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Broadcom Corporation
Amlogic, Inc.
Hisense Co. Limited
CooCaa TV
LG Electronics, Inc.
Google
MediaTek Inc.
Lenovo Group Limited
Philips
Panasonic Corporation

Competitive Landscape

Key players in the global LCD TV core chip market include Broadcom Corporation, Amlogic, Inc., Hisense Co. Limited, CooCaa TV, LG Electronics, Inc., Google, MediaTek Inc., Lenovo Group Limited, Philips, Panasonic Corporation, Toshiba Corporation, Sony Corporation, Xiaomi, Inc., and Samsung Group. Existence of international and domestic dealers in the LCD TV market leads to high competition in the LCD TV core chip market.

Strong competition between current players restricts the entry of new contestants in the market. Manufacturers are focusing on technological advancements in LCD TV core chips and substantial investments in R&D activities.

LCD TV Core Chip Market Key Players

Frequently Asked Questions

1. What is the study period of LCD TV Core Chip Market?

The LCD TV Core Chip Market is studied from 2023 - 2031.

2. Who are the key players in Digital Marketing Software Market?

3. Which is the fastest growing region in Digital Marketing Software Market?

The market in Asia Pacific is speculated to account for a major market share during the forecast period.

4. Which segment holds the largest market share?

The residential segment is expected to hold a major share of the market.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LCD TV Core Chip Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. LCD TV Core Chip Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. LCD TV Core Chip Market - Supply Chain
  4.5. Global LCD TV Core Chip Market Forecast
     4.5.1. LCD TV Core Chip Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. LCD TV Core Chip Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. LCD TV Core Chip Market Absolute $ Opportunity
5. Global LCD TV Core Chip Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. LCD TV Core Chip Market Size and Volume Forecast by Applications
     5.3.1. Residential
     5.3.2. Educational
     5.3.3. Commercial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global LCD TV Core Chip Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. LCD TV Core Chip Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global LCD TV Core Chip Demand Share Forecast, 2019-2026
7. North America LCD TV Core Chip Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America LCD TV Core Chip Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America LCD TV Core Chip Market Size and Volume Forecast by Applications
     7.4.1. Residential
     7.4.2. Educational
     7.4.3. Commercial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America LCD TV Core Chip Demand Share Forecast, 2019-2026
8. Latin America LCD TV Core Chip Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America LCD TV Core Chip Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America LCD TV Core Chip Market Size and Volume Forecast by Applications
     8.4.1. Residential
     8.4.2. Educational
     8.4.3. Commercial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America LCD TV Core Chip Demand Share Forecast, 2019-2026
9. Europe LCD TV Core Chip Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe LCD TV Core Chip Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe LCD TV Core Chip Market Size and Volume Forecast by Applications
     9.4.1. Residential
     9.4.2. Educational
     9.4.3. Commercial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe LCD TV Core Chip Demand Share Forecast, 2019-2026
10. Asia Pacific LCD TV Core Chip Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific LCD TV Core Chip Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific LCD TV Core Chip Market Size and Volume Forecast by Applications
     10.4.1. Residential
     10.4.2. Educational
     10.4.3. Commercial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific LCD TV Core Chip Demand Share Forecast, 2019-2026
11. Middle East & Africa LCD TV Core Chip Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa LCD TV Core Chip Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa LCD TV Core Chip Market Size and Volume Forecast by Applications
     11.4.1. Residential
     11.4.2. Educational
     11.4.3. Commercial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa LCD TV Core Chip Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global LCD TV Core Chip Market: Market Share Analysis
  12.2. LCD TV Core Chip Distributors and Customers
  12.3. LCD TV Core Chip Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Broadcom Corporation
     12.4.2. Amlogic, Inc.
     12.4.3. Hisense Co. Limited
     12.4.4. CooCaa TV
     12.4.5. LG Electronics, Inc.
     12.4.6. Google
     12.4.7. MediaTek Inc.
     12.4.8. Lenovo Group Limited
     12.4.9. Philips
     12.4.10. Panasonic Corporation