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Base Year: 2024
Companies covered: 18
Tables & Figures: 400
Countries covered: 18
Pages: 190
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LCD TV Core Chip Market
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LCD TV Core Chip Market Size
The global LCD TV core chip market was valued at USD 6.4 billion in 2024 and is estimated to grow at a CAGR of 9.3% to reach USD 15.7 billion by 2034.
The widespread adoption of smart and connected TVs is a significant growth driver for the LCD TV core chip market. As consumers are demanding TVs to have integrated streaming, internet browsing, and AI driven voice control, manufacturers have begun to include advanced processing chips that can support a variety of operating systems and applications. Manufacturers develop their own core chips for smart and connected TVs that had capabilities that helped handle complex tasks such as 4K video decoding, multitasking responsibilities when using apps, and real-time content delivery and transaction of data.
This inherent need for additional hardware capabilities continued to expand with the number of OTT content providers, but as smart home products keep expanding and IoT integration expands, this created additional opportunities for manufacturers to design and integrate smart and connected features by providing higher-performance energy-efficient chips and core processing chips, which has added growth potential.
The transition to ultra-high-definition (UHD) and 8K display resolutions as users switch from standard and high-definition, is changing the marketplace for the LCD TV core chip. UHD and 8K displays have a much greater need for image processing, computational power, and video compression, all of which are made possible by advanced core chips from the next generation. Next generation core chips can support better refresh rates, lower latency, improved color calibration accuracies, all of which is integrated into the whole visual experience.
Consumer demand for high-quality entertainment systems and an ample supply of high-resolution content mean that more manufacturers are investing in upgraded internal components, including core chips. There is a clear expectation of innovation in core chip architecture and design to meet performance expectations, which will keep demand for core chips robust for the foreseeable future.
LCD TV Core Chip Market Trends
LCD TV Core Chip Market Analysis
Based on type of chipset, the market is segmented into video processing chipsets, audio processing chipsets, tuner & demodulator chipsets, power management ICs, Timing Controller (TCON) ICs, System-on-Chip (SoC), and others.
Based on technology, the LCD TV core chip market is divided into Single-chip Solution (SoC), and multi-chip solution.
Based on resolution, the LCD TV core chip market is segmented into HD (720p), Full HD (1080p), 4K UHD, and 8K UHD.
Based on application, the LCD TV core chip market is segmented into smart TVs, and non-smart (conventional) LCD TVs.
Based on end use, the LCD TV core chip market is segmented into residential, commercial, and others.
LCD TV Core Chip Market Share
The market is competitive and highly fragmented with the presence of established global players as well as local players and startups. The top 3 companies in the global market are MediaTek Inc., Realtek Semiconductor Corp., and Novatek Microelectronics Corp., collectively accounting for a share of 38%. The competition in the LCD TV core chip market has intensified due to the existence of major global semiconductor companies focused on improving their technological leadership through innovation and cost-efficient practices, while also including AI and smart capabilities in the semiconductor.
Strategic collaboration between TV OEM and chipset providers are shaping competitive mobility, promoting co-development of customized solutions. Companies prioritize discrimination via rapid performance efficiency, power management, and support for high-resolution formats, aimed at strengthening brand loyalty and capturing the price in the middle-to-Commium LCD TV segment.
New companies from China or South Korea are emerging as they offer competitively priced alternatives featuring better functionality. As localization and semiconductor self-sufficiency take precedence nationally, regional companies are embracing government support and R&D expenditures to disrupt incumbents or change the global supply base.
LCD TV Core Chip Market Companies
Top 3 companies operating in the LCD TV core chip industry are:
MediaTek Incorporated specializes in developing high-performance and cost-effective system-on-chip (SoC) solutions for smart TVs with an emphasis on AI integration, 4K/8K high definition resolution support, and voice assistant capabilities. MediaTek is able to focus on its competitive advantages with ongoing partnerships with global TV brands, ongoing innovation in multimedia processing company techniques, and the use of large-scale economies implemented in semiconductor manufacturing.
Realtek Semiconductor Corp.'s strategy incorporates to target mid-market LCD television sets with flexible chipsets that provide strong audio-video processing and connectivity support. Realtek Semiconductor Corp. is focusing on chipsets that provide integrated solutions capable of delivering just about performance and price while being available to OEMs looking for flexible, dependable, and scalable solutions for smart and conventional LCD televisions.
Novatek Microelectronics Corp. emphasizes its expertise of display driver and TCON ICs, and provides total LCD TV chipsets for high-resolution, low-power specifications. Novatek has strong OEM connections, develops new processing technology, and considers itself a major supplier of standard and high-end smart TV.
LCD TV Core Chip Industry News
This LCD TV core chip market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2034, for the following segments:
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Market, By Type of Chipset
Market, By Technology
Market, By Resolution
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: