Global LCD TV Core Chip Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. A large increase in demand for LCD TVs is anticipated to propel the global LCD TV core chip market to prominence over the course of the projected period. The emergence of new technologies in the LCD TV industry has resulted in their development. The addition of core chip CPUs to LCD TVs has accelerated market expansion. The usage of smart TVs has become increasingly popular over time in the television business. The main causes of this transition may be attributed to the increase in urban dwellers throughout the world and a population that is increasingly tech-savvy. Television sets now have improved computer capabilities because to the combination of LCD TV and core chip. It is primarily a technical convergence between computers and LCD TVs. Since it integrates data from the Internet and content from TV providers, the incorporation of core processors into LCD TVs gives the user a better experience.
According to the Statista, roughly 23.26 million units sold globally during the first half of 2020, and BOE was the top vendor of LCD TV panels. Over 115 million LCD TV panels shipped globally by the company in 2020. Additionally, according to the same source mentioned above, in 2015, 78.10 percentage of population was living in urban area which is predicted to increase up to 86.60 percentage in 2030. However, presence of substitute is stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global LCD TV Core Chip Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In North American nations including the U.S. and Canada, sales of LCD Smart TVs have increased, thus the region is dominating over the forecast period. This has fueled the expansion of the LCD TV core chip industry in North America. The European countries are regarded as early adopters of technology. In addition, the European Union has long been a leader in promoting the use of eco-friendly products and developing a sustainable environment. Due to their eco-friendliness and energy efficiency, LCD TVs are in high demand in this region.
Major market players included in this report are:
Recent Developments in the Market:
In October 2019, Motorola has launched 75-inch 4K LCD smart TV for India.
Global LCD TV Core Chip Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, Type Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
64-bit core chip
Rest of the World