September 2nd, 2022
Smart TV Market
The Smart Tv Market is anticipated to expand at a significant CAGR during the forecast period (2020-2027).
The factors driving the growth of Smart Tv Market includes rise in internet penetration rates, emergence of OTT platforms such as Netflix, Amazon Prime and SonyLiv, growing emphasis by major corporations on improving the picture quality. According to the report published by Bloomberg, the Global Over The Top (OTT) Streaming Market was estimated around USD 120.6 billion in the year 2021 and is further anticipated to reach USD 261.8 billion by 2028, growing at a CAGR of 11.9% over the forecast period (2022-2028), which will boost the Smart Tv Market Growth in coming years. Moreover, the growing popularity of UHD 4K and OLED technologies, improvements in the bandwidth connectivity, increasing sales of smart television through e-commerce platforms and rising disposable incomes, are some of the additional factors supplementing the Global Smart Tv Market in the approaching years. As per the Times of India’s report, the e-commerce platforms such as Amazon and Flipkart captured the highest market share in India, constituted around 31% of total TV shipments.
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However, the growth of Smart Tv Market is hindered attributed to high repairing and maintenance costs of smart televisions.
The major players operating in the market are Koninklijke Philips N.V., TCL, Videocon Industries Limited, Haier Inc., Toshiba Corporation, Hisense, Sony Corporation, Panasonic Corporation, LG Electronics and SAMSUNG, among others.
Type: Segment Analysis
Based on type, the UHD 4K TV segment is projected to grow at a remarkable CAGR over the forecast period. The UHD 4K Televisions provides advanced picture quality, makes 3D look good, enhances the image depth, and can be fitted to bigger TVs, are some of the key features augmenting the growth of the segment.
Screen Type: Segment Analysis
According to the Smart Tv Market Report, the curved screen segment is expected to capture a sizeable market share during the forecast period. The growing demand for curved screen smart televisions around the world because it offers panoramic experience to consumers, is the major factor influencing the growth of the segment.
Regional: Segment Analysis
Based on region, the Asia-Pacific region is estimated to expand at a faster CAGR over the forecast period. The increase in the subscription of OTT platforms, growing demand for televisions, rise in the working-class population, growing disposable incomes and rapid urbanization, are some of the factors propelling the market growth in Asia-Pacific.
Segmentation by Type
Full HD TV
UHD 4K TV
Segmentation by Screen Size
Below 32 Inches
55 & Above Inches
Segmentation by Screen Type
Segmentation by Distribution Channel
Segmentation by Region
Rest of APAC
North AmericaUnited States of America
Rest of Europe
About GMI Research
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