Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Smart TV Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Smart TV Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Smart
TV Market is offered.
Market
Insights:
In accordance with the report, the Smart TV Market is
projected to expand at a CAGR of X.X% over the period
of forecast. The global Smart TV Market
was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031,
growing with a significant CAGR rate during the forecast period. Five
geographic divisions—Asia Pacific, North America, Europe, Latin America, and
the Middle East and Africa—comprise the smart TV market. Asia-Pacific has the
greatest market share for smart TVs, per the market data. Asia Pacific
countries would contribute more than 38% of market growth in 2019. because
developing nations like India are increasingly adopting smart televisions.
Also, the growing popularity of 4K display technology among customers has
influenced them to prefer sleeker designs and greater picture quality. This
increases the amount of money that is made in the Asia-Pacific region. These
are a few of the elements fueling the significant growth of the smart TV
market. The increased demand for smart TVs, which has prepared the way for
prosperous chances, is one of these aspects that typically presents
opportunities. These profitable options allow content providers to go farther
into the over-the-top (OTT) arena, enabling them to disseminate the original
material over longer distances online. For the convenience of the users,
additional features are also incorporated to the latest versions. Due to these
possibilities, creative content can now be distributed over greater distances
online. Collaborations with makers of streaming media players are another
factor that helps them grow their repertoire and increase their visibility. The
continual usage of streaming devices, increase in internet penetration, change
in consumer preferences, high revenue creation, rise in disposable income, and
modernization of the current world are the main drivers of the growth of the
smart TV market in India. The population is being compelled by all of this to
choose smart TV industry trends. The numerous industry participants who
collaborate and make purchases with the major players in order to increase
portfolios and swap work obligation are additional variables. These are a few
of the variables that are anticipated to support market expansion for smart
TVs.
Research
Methodology:
To compile
the detailed study of the global Smart TV Market, a
robust research methodology has been adopted that aids in determining the key
insights and also evaluates the growth prospects of the Smart TV Market. Comprehensive and iterative research
methodology focused on minimizing deviance in order to provide the most
accurate estimates and forecast possible. The company utilizes a combination of
bottom-up and top-down approaches for segmenting and estimating quantitative
aspects of the market. Our research methodology implements a mix of primary as
well as secondary research. Our projects are initiated with secondary research,
where we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Smart TV Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Smart TV Market was affected negatively due to the shutdown of
manufacturing/processing facilities for some time. The analysts have also
focused on the key measures that the companies are opting to withstand the
harsh scenario.
Segment
Covered:
Smart TV Market Compounded
annual growth rates for all segments have also been provided for 2019 to 2031. This
report is a compilation of first-hand information, qualitative and quantitative
assessment by industry analysts, inputs from industry experts and industry
participants across the value chain.
Key Segments:
Smart TV Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2023 to 2031, for the following segments:
Smart TV Market,
By Resolution, 2023-2031 (USD Million)
·
720p
·
1080p
·
4K
·
8K
Smart TV Market,
By Technology, 2023-2031 (USD Million)
·
LCD
·
LED
·
Plasma
·
OLED
·
QLED
Smart TV Market,
By Platform, 2023-2031 (USD Million)
·
Android
·
WebOS
·
Roku
·
Tizen
Smart TV Market,
By Application, 2023-2031 (USD Million)
·
Commercial
·
Residential
Report
Highlights:
The prime objective of the Smart TV Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Smart TV Market,
By Region, 2023-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Smart TV Market:
·
LG
Electronics Inc.
·
Samsung
Electronics Co. Ltd.
·
Sony
Corporation
·
VIZIO Inc.
·
Videocon
Industries Ltd.
·
Sansui
Electric Co. Ltd.
·
Toshiba
Corporation
·
Haier
Electronics Group Co., Ltd.
Smart
TV Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry