The LCD tv core chip is basically the integration of LCD TV and processor core chip that provides computational experience through TV. Combination of LCD TV and core chip offers improved computing functionality in television sets. Primarily, it is a technological convergence of LCD TVs and computers. Moreover, incorporation of core chips into LCD TVs provides better experience to the user since it combines information from the Internet and the content from TV providers into a single entity referred to as smart TV’s. Furthermore, the need for discretely installing set-top box is eliminated due to LCD TV core chip installation. Users can access online stores, websites, and also download the desirable content with the use of smart TV’s.
Growing internet penetration, ease of access for downloading, and easy access for content over the web are key factors driving the global LCD TV core chip market. In addition, technological advancements in LCD TV core chip coupled with heavy investments on R&D activities by major players in the regional markets are major factors contributing to the growth of the global LCD TV core chip market.
However, development and use of alternative technologies such as LED Smart TV’s is a key restraint for the growth of the global LCD TV core chip market. In addition, development of OLED (Organic LED) display panels, and high dependence on technology providers for setting up business in LCD TV market are major factors restraining the growth of the global LCD TV core chip market.
The global LCD tv core chip market report has been segmented on the basis of application, core chip types, and region. Region covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Currently, the market in Asia Pacific holds the largest share of the global LCD TV core chip market in terms of value and volume, owing to strong presence of LCD TV’s and LCD TV core chip manufacturers in this region. Emerging economies in the Asia Pacific region such as China, Japan, Korea, and Taiwan have the most number of manufacturers for LCD TV core chip production. The markets in Europe and North America have a significant share of the global LCD tv core chip market in terms of revenue. The market in North America has experienced an upsurge in LCD Smart TV’s in the recent years, while the market in Europe has gained momentum with the government stressing on the usage of eco-friendly, and energy-efficient products.
Some prominent players in the global market include Samsung Group, Google, Lenovo Group Limited, LG Electronics, Inc., Panasonic Corporation, Philips, Sony Corporation, Toshiba Corporation, and Xiaomi, Inc.