NEWARK, DELL, Aug 12, 2022 (GLOBE NEWSWIRE) — The global smart TV market is projected to reach US$3.5 billion by the end of 2031, with 24.7% revenue growth over the forecast period of 2021 is growing at an astounding CAGR. The smart TV market registered an 18.8% growth in global revenue in 2021. Rapid technological advancement and increasing home use are responsible for the projected market growth.
Features such as better image quality, wider color gamut, higher resolution, and lower installation costs are driving the demand for smart TVs. Therefore, the inclusion of 4K Ultra High Definition (UHD) resolution could increase smart TV sales worldwide. Additionally, improvements in camera technology by content producers and Telecasters have significantly increased investment in ultra-high-definition (UHD) resolution technology. This is expected to create lucrative market opportunities for smart TVs.
Moreover, 4K Ultra High Definition (UHD) smart TVs are increasingly being adopted in commercial application segments such as hospitality, hotels, and education due to their sharp viewing experience, and the demand for smart TVs is expected to grow in the coming years. expected.
Request a sample report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3633
An FMI analyst said, “Progressive advances in technology, pricing, size, and the addition of new features to smart TVs will further drive the market growth during the forecast period.”
- Store-based retail sales channels account for 58% of the smart TV market
- The North American smart TV market is driven by the US market.
- 45-50 inch screens account for 24% share of total sales.
- In Germany, the QLED and XLED segments of the market are driving growth.
Samsung Group, Panasonic Corporation, LG Electronics, Inc., Apple, Inc., Sony Corporation, Koninklijke Philips NV, Videocon Industries Limited, Haier Electronics Group Co, Ltd., TCL Corporation., Hisense Group, Sansui Electric Co., Ltd. , Micromax Informatics, Sharp Corporation, VIZIO, Inc., Toshiba Corporation, Hitachi, etc. are some of the key players in the smart TV market profiled in the full report.
Key market players are focusing on strategic collaborations and partnerships with other manufacturers to expand their knowledge and expertise. These companies are also focusing on expanding their global manufacturing facilities to increase their international presence.
Ask an analyst about any query @ https://www.futuremarketinsights.com/askus/rep-gb-3633
More Insights into Smart TV Market Report
In its latest report, FMI provides an unbiased analysis of the global smart TV market, providing historical data from 2016-2020 and forecast statistics for 2021-2031. Display technology (LED, QLED, HDR, OLED, LCD, IPS LCD, XLED), screen type (flat, curved, foldable), screen size (32 inches or less, 33-44 inches, 45-50 inches, 51-55 inch) inch, 56-65 inch, 66+ inch), Application (Residential, Commercial (Hotels, Restaurants, Corporate Offices, Cafeterias, Others)), Price Range (Under US$500, US$500-1000, US$1,000-2,000) , USD 2,000-3,000, USD 3,000 and above), sales channels (hypermarkets/supermarkets, specialty stores, multi-brand stores, online retailers, wholesalers, others), and regions.
Based on regional growth, China is expected to hold around 42.2% of the East Asian market share in 2021 and continue to dominate the market over the forecast period, according to the latest FMI report. The huge presence of tech giants, the availability of low-cost manufacturing resources, and the rise of Over the Top viewing platforms are responsible for the continued demand for smart TVs in the country. Additionally, the availability of supplemental content for these devices, such as his HD devices and HD set-top boxes in games, acted as a catalyst for demand creation. In addition, Chinese manufacturers are introducing innovative products into the market at affordable prices, further boosting the demand for smart TVs during the forecast period.
The Indian smart TV market is likely to grow in market demand at a CAGR of around 40.7% during the evaluation period. India has become a very attractive market due to the spread of the Internet. Television is a major source of entertainment for Indian households, and as technology advances, there is a growing preference for smart homes and smart offices. This has led to higher adoption rates for smart TVs.
In addition, the ‘Make in India’ campaign increased audiovisual content produced in local languages. Therefore, the demand for smart TVs from small towns in the country is also expected to grow rapidly.
Based on segmentation, the flat screen segment leads the market, accounting for 87% of market revenue in 2021.
Customizable reports @ https://www.futuremarketinsights.com/customization-available/rep-gb-3633
Smart TV Market by Category
By display technology type:
- Organic EL
- liquid crystal
- IPS liquid crystal
By screen type:
By screen size:
- 32 inches or less
- 33 to 44 inches
- 45 to 50 inches
- 51 to 55 inches
- 56 to 65 inches
- 66 inches or more
By application type:
- main office
Request method @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-3633
table of contents
1.1.Global market outlook
1.2. Summary of key statistics
1.3.Summary of key findings
1.4. FMI analysis and recommendations
2. Market Overview
2.1. Market taxonomy
2.2. Market definition
3. Major market trends
3.1. Embedded system for facial recognition
3.2. Motion control with your hands and some special gestures
3.3. Innovative Bbox smart TV replaces setup box with connected TV
3.4.Growing popularity of video-on-demand services
3.5.The market is moving towards a new generation of video codecs
4. Market Outlook of TV Industry
4.1. Television Industry Market Overview, 2019
4.2. Market Key Players
4.3. Key Market Trends
Continued on the table of contents..!
About Future Market Insights Technology Division
Future Market Insights’ technology team provides expert analysis, time-efficient research, and strategic recommendations to help clients around the world with true insights and accurate results. With a repertoire of over 100+ reports and over 1 million data points, the team has lucidly analyzed the industry in over 50 countries for over 10 years. The team provides a quick analysis of key trends, including competitive landscape, profit margins and R&D efforts.
Related top reports technology market insights
Music Market and Streaming Services Market Size – The global music market and demand for streaming services will be valued at US$22.9 billion in 2022, growing at a CAGR of 18.4% from 2022 to 2032, valued at US$25.8 billion expected to be
Corruption Detection Based Smart Labels Market Share – Smart labels use technology beyond traditional barcodes and form a key aspect of printed electronics through sensor technology.
Network Access Control (NAC) Market Trends – Network Access Control (NAC) market revenue will reach USD 1.9 billion in 2021. The network access control market is expected to reach USD 27.4 billion by 2032, growing at a CAGR of 27.5. % for 2022-32.
Embedded Smart Camera Market Analysis – Embedded smart cameras provide access to multiple views through coordination between individual cameras, making applications more complex and challenging than single cameras, such as smart rooms, surveillance, tracking, and motion analysis. may support
Smart Rail Market Outlook – The global smart rail market will enjoy a valuation of US$26.37 billion in 2022, further expanding at a rapid CAGR of 16.3% to reach US$43.33 billion by the end of 2031 is expected to.
Smart Fitness Market Forecast – According to Future Market Insights (FMI), the global smart fitness market will reach USD 13 billion in revenue in 2020. The overall smart fitness market size will reach USD 50 billion by 2031 and is expected to grow at a CAGR of 12% from 2021 to 2031.
Smart Factory Market Revenue – Over the next eight years, the global smart factory market is expected to surge at a staggering CAGR of 10.8%, surging from a valuation of US$127.2 billion in 2022 to US$288.1 billion by the end of 2030 will be
Market Value of Smart Elevator Automation System – Smart Elevator Automation System is a new generation elevator with innovative technology that provides various facilities and security.
Connected TV Market Demand – The global connected TV market is expected to reach US$12.6 billion by 2022 and US$16.2 billion by 2032. 2022-2032.
CCTV Camera Market Types – Global shipments of CCTV cameras currently account for a value of USD 10.4 billion and are expected to grow at a CAGR of 6.4% from 2022 to 2029, making the global CCTV camera market Valuation is approximately USD. 16.1 billion by 2029.
More info @ https://www.globenewswire.com/en/news-release/2022/07/19/2481516/0/en/Set-Top-Box-Market-Projected-to-Witness-Skyrocketing-Growth-with -Accelerating-CAGR-of-9-through-2031-Future-Market-Insights-Inc.html
About Future Market Insights (FMI)
Future Market Insights, an ESOMAR accredited market research organization and member of the Greater New York Chamber of Commerce, provides in-depth insight into the controlling factors driving market demand. It reveals opportunities to drive market growth for various segments based on sources, applications, sales channels, and end-uses over the next decade.
Future Market Insight Co., Ltd.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
Sales inquiries: email@example.com
Browse the latest market reports: https://www.futuremarketinsights.com/reports
LinkedIn| |twitter| |blog