Allied Market Research published a report on the Digital TV SoC Market by Application (LCD, LED, OLED, QLED), by End User (Residential, Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2031. The global digital TV SoC market was valued at $8.6 billion in 2021 and is projected to reach $28.2 billion by 2031, growing at a CAGR of 12.8% from 2022 to 2031
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A digital TV System on Chip is equipped with various electronic components such as PU (graphics processor), memory, USB controller, power management circuits, and wireless radios. A system-on-chip (SoC) is an electronic substrate that is fully functional and may include analog, digital, mixed-signal, or radio frequency operations. Further, the next-generation digital TV System on Chip is equipped with enhanced artificial intelligence to support Dolby Vision IQ with precision detail and enhanced user experience.
The growth of global digital TV SoC market trends is majorly driven by the surge in demand for smart and power-efficient electronic devices coupled with the surge in disposable income in developing economies. Moreover, integration with advanced technologies is expected to drive market growth. However, the high initial cost of design & development, and maintenance are acting as prime restraints of the global market. On the contrary, the rise in demand for compact and scalable ICs in the global electronic industry is anticipated to provide lucrative opportunities for the digital TV SoC industry during the forecast period.
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Businesses can evaluate the Porter’s Five Forces Analysis to determine the structure, level of competition, and industry’s strengths and weaknesses. The report also contains information and statistics, tables and figures that are used in strategic planning for the company’s success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.
Competitive Analysis:
The digital TV SoC industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market’s strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the global digital TV SoC market include,
- Intel Corporation
- Samsung Electronics Co. Ltd.
- Qualcomm Incorporated
- Toshiba Corporation
- NXP Semiconductors
- Broadcom Inc.
- STMicroelectronics N.V.
- Apple Inc.
- MediaTek Inc.
- Taiwan Semiconductor Manufacturing Co. Ltd.
Top Impacting Factors
Significant factors that impact the growth of the global digital TV SoC industry include the surge in demand for smart and power-efficient electronic devices paired with the surge in disposable income in developing economies. Moreover, integration with advanced technologies is expected to drive the digital TV SoC market opportunity. However, the high initial cost of design & development, and maintenance is acting as a prime barrier to early adoption, which hampers the growth of the market. On the contrary, the rise in demand for compact and scalable ICs is expected to offer potential growth opportunities for the digital TV SoC market during the forecast period.
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Key Benefits for Stakeholders:
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the digital tv soc market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global digital tv soc market trends, key players, market segments, application areas, and market growth strategies.
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