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Oct 8, 2020 8:00 AM ET

Global Liquid Crystal Display Television (LCD-TV) Core Chip Market is set for a Rapid Growth and is Expected to Reach USD 940 Million Globally by 2026

iCrowd Newswire - Oct 8, 2020

Zion Market Research has published a new report titled “Global Liquid Crystal Display Television (LCD-TV)  Market by Core Chip Type (8-Bit Core Chip Type, 16-Bit Core Chip Type, 32-Bit Core Chip Type And 64-Bit Core Chip Type) by Application ( Residential, Commercial And Educational) and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026”. According to the report, the Liquid Crystal Display Television (LCD-TV) Core Chip Market analysis was valued at around USD 660 Billion in 2019 and is expected to reach over USD 940 Million by 2026, growing at a CAGR of around 5.2% during the forecast period from 2020 to 2026.

LCD-TV are television sets that uses liquid crystals to display images. They are light in weight and have no geometric distortions. Considering the significant rise in demand of LCD-TV market LCD-TV core chip market is expected to gain importance over the forecast period of 2020-2026. Basically, the LCD-TV core chip is integration of LCD-TV and the processor core chip. The combination of core chips with LCD-TV improves the computational functionality in television set.

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Liquid Crystal Display Television Core Chip Market

The ease of downloading desired data from internet and easily accessible contents over internet promotes a growth in market of LCD-TV and is thereby a preceding factor for LCD-TV core chip market. Users can easily access online stores, websites, and also download the required content with the use of smart TV’s. The demand of LCD-TV triggers the market for LCD-TV core chip. The need of installing discrete set top box can be eradicated by the use of LCD-TV core chip.

However, the development and use of alternative technologies such as LED Smart television is a key restraint for growth of the global LCD TV core chip market.

Accessing various applications, video streaming and syncing with multiple devices is made possible by utilizing LCD-TV core chip. The LCD-TV core chip offers various opportunities such as upgrading the built in system or processor similar to that of smartphones.

The segmentation of LCD-TV core chip can easily be studied by the memory provided through the processor. 64-Bit Core Chip Type boosts the speed for computations and hence enhances the speed of system. It can also support 8 TB of random access memory (RAM). The global LCD-TV is categorized on the basis of applications as residential, commercial and educational. The market for residential applications contributes largely in the domain of LCD-TV core chip market thereby, introducing a considerable rise in the market.

The North America region is the fastest growing market for LCD-TV core chip. Europe has always estimated for new technologies adopters. Whereas,  Asia pacific region is found dominant and holds the largest share of the global LCD TV core chip market due to strong presence of LCD TV and LCD TV core chip manufacturers in this region. Some of the key market players in market are Amlogic, Lenovo, LG, MediaTek, Panasonic, Philips, Sony, Samsung, Toshiba, Xiaomi, Hisense, Broadcom, CooCaa.

This report segments the Liquid Crystal Display Television (LCD-TV)   market analysis as follows:

Global Liquid Crystal Display Television (LCD-TV) Market Analysis by Core Chip Type-

Global Liquid Crystal Display Television (LCD-TV) Market Analysis by Application-

Global Liquid Crystal Display Television (LCD-TV) Market Analysis by Region-

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Keywords:    Liquid Crystal Display Television (LCD-TV) Core Chip Market

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