The global DTV IC market size is projected to expand at a substantial CAGR during the forecast period, 2020-2028. The growth of the market is attributed to rising automation in cars, which in turn, has increased the demand for customizable ICs.
Request Free Sample Report Here
Growing use of DTV ICs in healthcare equipment such as electrocardiography machines and digital X-rays is expected to proliferate cxthe market growth.
Digital TV, often abbreviated as DTV, is the broadcasting of television through digital signals. In the process, the pictures and sound are converted into digital signals and compressed before the broadcast, whereas analog signals cannot be compressed. Digital TV transition, also known as digital TV switchover in some of the countries, is the process of rendering the analog television broadcasting technology and replacing it with digital TV broadcasting.
An IC is a semiconductor-based chip comprising an integrated set of digital circuits. These circuits use digital logic gates, multiplexers, and flip flops and are easier to design and economical.
Market Drivers, Restraints, Trends, and Opportunities
- Growing use of DTV ICs in healthcare equipment such as electrocardiography machines and digital X-rays is expected to proliferate the market growth.
- Ongoing technological innovations to miniaturize electronic devices can hinder the DTV IC market expansion.
- The advent of Internet of Things (IoT) is anticipated to fuel the market growth.
- The COVID-19 outbreak led to the supply chain disruption across the globe. However, the market is expected to recover soon owing to relaxation in restrictions across the globe.
- The chip shortage can create challenges for the market growth.
- Rising penetration of smartphones is one of the major key drivers for the market growth.
- Smart city initiatives hold numerous growth opportunities for the DTV IC market during the forecast period.
DTV IC Market Segment Insights
Mpeg-2 decode chips to account a large market share
Based on types, the market is bifurcated into signal demodulator chips, video-control chips, Mpeg-2 decode chips, video processing chips, and others. The Mpeg-2 decode chips segment is projected to account for a large market share during the forecast period. Rising use of Mpeg-2 decode Chips for compressing, transmitting and then decompressing digital motion video and audio signals for traditional video delivery is driving the growth of the market segment.
Home Networking segment to account a significant market share
On the basis of applications, the market is divided into home networking, communications, business applications, and others. The home networking segment is projected to account for a significant market share during the forecast period. This is owing to the increased use of DTV IC in households for networking.
The market in Asia Pacific to register a high CAGR
Based on region, the market is segregated as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The market in Asia Pacific is expected to register a high CAGR during the forecast period. Rising disposable income and increasing penetration of smartphones are driving the growth of the market segment. Conversely, North America is expected to account for a large market share owing to early adoption of latest technologies and presence of prominent players in the region.
Competitive Landscape
The major players of the market are Samsung, NXP, Zoran, Mstar Semiconductor, Media Tek, Cheertek, Microtune, Siliconimage, Brodcom, AMD, Chengdu West Star, Renesas, and Pixelworks.
About Growth Market Reports:
GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GROWTH MARKET REPORTS has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.
Contact:
Growth Market Reports
Phone: +1 909 414 1393
Email: [email protected]
Web: https://growthmarketreports.com
