Television Market in India LED, LCD, HD, UHD in 2020 | Major Giants LG Electronics, Sony India, Xiaomi Technology

A new research document is added in HTF MI database of 86 pages, titled as 'Television Market in India LED, LCD, HD, UHD in 2020' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions and important players/vendors such as BPL Limited, Intex Technologies (India) Limited, Hitachi India Private Limited, LG Electronics India Private Limited, Panasonic India Private Limited, Philips India Limited, Samsung Electronics India Private Limited, Sony India Private Limited, TCL India, Xiaomi Technology India Private Limited. The Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2020 and may grow further during forecast year 2021-2026

Access sample report @ https://www.htfmarketreport.com/sample-report/2836735-television-market-in-india-led-lcd-hd-uhd-in-2020

Summary
Television is one of the fastest-growing consumer durable goods in India. The country comprised of more than 200 Mn potential TV households by 2019; however, the market is largely under-penetrated. The fast-changing technological environment, reduction in the cost of production, and rise in consumer affordability has propelled the industry growth over the years. However, the increased use of substitute devices and declining profitability are impending the growth of the market.
Open cell panel is considered the most crucial component in LED TV manufacturing (open cell panels comprise of 65%-70% of the television production cost). The lowering of import duty on open-cell LED TV panel from 5% to zero has significantly reduced the prices of TV sets and further propelled industry growth.

Further, to promote local manufacturing under the Atmanirbhar Bharat Abhiyan (Self-reliant India mission); the Government of India has restricted the import of fully-built television sets. The move would result in backward integration with increased investment in improved assembly lines and components production.

Companies covered: BPL Limited, Intex Technologies (India) Limited, Hitachi India Private Limited, LG Electronics India Private Limited, Panasonic India Private Limited, Philips India Limited, Samsung Electronics India Private Limited, Sony India Private Limited, TCL India, Xiaomi Technology India Private Limited

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2836735-television-market-in-india-led-lcd-hd-uhd-in-2020

The flat panel television (LED, LCD, HD, and UHD) market in India was valued at INR 795.71 Bn in 2019 and is expected to reach INR 2,044.29 Bn by 2025, expanding at a compound annual growth rate (CAGR) of ~15.7% during the 2020-2025 period.

Segment insights:
The flat panel television market in India can be segmented into smart TV and non-smart TV. Smart TV sets account for a significant share (of more than 75%) of the overall television market. Foreign players like Xiaomi, OnePlus, and Realme have disrupted the smart TV segment with the launch of its range of budget-friendly products. Domestic players are rapidly reducing prices to battle the fierce industry competition. Xiaomi is a leader in the smart TV segment with a share of ~29.50%, followed by LG, Samsung, and Sony.
In terms of display size, television sets between 32 inch and 43 inch account for notable sales percentage, since they are affordable to the larger section of the society.
However, the onset of COVID-19, the sale of larger screen sizes (43 inches and above) outperformed the 32 inches TV sets, which was the bread-and-butter of the industry.
Further, the reduction of Goods and Service Tax (GST) rates has truncated the prices of television sets in India.

Impact of COVID-19
Businesses worldwide have suffered immensely due to the COVID-19 pandemic. However, the virus outbreak and the ensuing lockdown have revived the Indian television market after two years of declining sales. As of August 2020, large screen television models (55-inches and above) reported a 30%-40% sales growth as compared to pre-COVID period. Moreover, TV manufacturing companies have witnessed spiked demand for smart televisions that can be directly connected to streaming devices. Amid the crisis and disturbed relations with China, localization is the key to success for the Indian television industry.

Companies covered:
•BPL Limited
•Intex Technologies (India) Limited
•Hitachi India Private Limited
•LG Electronics India Private Limited
•Panasonic India Private Limited
•Philips India Limited
•Samsung Electronics India Private Limited
•Sony India Private Limited
•TCL India
•Xiaomi Technology India Private Limited

Get Customization in the Report, Enquire Now @ https://www.htfmarketreport.com/enquiry-before-buy/2836735-television-market-in-india-led-lcd-hd-uhd-in-2020

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Market definition and structure

Chapter 4: Market overview
4.1. Market size and growth forecast (2018-2025) – Based on value
4.2. Market size and growth forecast (2018-2025) – Based on volume
4.3. Impact of 'Atmanirbhar Bharat Abhiyan' or 'Self-reliant

....Continued

Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=2836735

It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

Contact US :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com

About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

This release was published on openPR.