The North America Digital TV SoC Market would witness market growth of 10.7% CAGR during the forecast period (2022-2028).
One of the primary reasons for the development of systems that can be contained on a single chip is the fact that one of the primary goals for moving forward into the future is to cut down on the amount of energy that is wasted, save money, and cut down on the amount of space that is occupied by large systems. All of these objectives may be accomplished by integrating what are often separate chip designs into a single, more efficient processor using a system on a chip (SoC), which would reduce the amount of power used significantly.
Such chips have enabled the development of a myriad of portable devices which can comfortably bring anywhere and everywhere, all without needing to compromise on the capability and functionality of the gadgets. These devices can be carried anywhere and everywhere without having to risk losing any of their capabilities. As a consequence of this, they are widely used in systems that are associated with the Internet of Things, embedded systems, as well as cellphones, automobiles, and a variety of other products.
The retail industry in the United States has been making major strides in the use of digital signage, with key and future enterprises opting for sophisticated digital signage featuring artificial intelligence and machine learning to get the most out of consumer data. The majority of Samsung's displays are system-on-chip designs, like the 4K slim QM series (SoC). The digital signage menu board solution provided by VideotelDigital's dependable and cost-effective VP90 media players was selected by Bubble Tea Company, located in Texas, United States, in March 2022. The transition to digital menu boards necessitated the implementation of a technological solution that made it possible for their restaurants' menu boards to be changed quickly, simply, and remotely so that they could display new tastes, adapt new campaigns, or advertise special deals. Consequently, the demand for the Digital TV SoC Market in North America is being driven by these reasons.
The US market dominated the North America Digital TV SoC Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,504.2 Million by 2028. The Canada market is poised to grow at a CAGR of 12.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 12.6% during (2022 - 2028).
Based on End User, the market is segmented into Residential, and Commercial. Based on Application, the market is segmented into LCD, LED, OLED, and QLED. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Digital TV SoC Market is Predict to reach $17.4 Billion by 2028, at a CAGR of 11.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Qualcomm, Inc., Toshiba Corporation, NXP Semiconductors N.V., STMicroelectronics N.V., MediaTek, Inc., Broadcom, Inc., Apple, Inc., and Taiwan Semiconductor Manufacturing Company Limited
By End User
By Application
By Country
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