Press release
Smart TV Market: Technical Signs Point Rapid Growth In Coming Years And Business Opportunities | Industry Forecast, 2020-2027
Smart TV Market
The rapid urbanization and easy availability of high speed internet raised number of consumers using online video streaming channels such as Netflix, YouTube premium, Amazon Prime Video, and Hulu, which results in increase in the demand for Smart TV products.
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The rise in disposable income in the developing economies is one of the major growth drivers of the smart TV market. The changing life style and increasing standard of living also influence people to opt for better and enhanced technology products. Therefore, it also supports the growth of this market. The usage of smart TV in hospitality industry, offices, and malls increases the demand for the product.
Regions covered - North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)
The key market players profiled in the report include LG, Electronics Inc., Samsung Electronics Co. Ltd, Sony Corporation, Panasonic Corporation, VIZIO Inc., Xiaomi, Micromax, OnePlus, Apple Inc., Hisense Group Co. Ltd., Koninklijke Philips NV,TCL Corporation,Insignia Systems Inc., Haier Group Corporation, Hitachi Ltd., and Westinghouse Electric Corporation
COVID-19 Scenario Analysis:
The world wide pandemic occurrence has significantly reduced the frequency of purchase of electrical and electronics products and the lead time delivery of goods. COVID-19 outbreak has created scarcity of labor supply, raw materials, and availability of other components due to which production of smart TV has been hampered. The impaired supply chain and distribution network are some of the challenges that the industry is focusing on. The end of the lockdown in the countries bring smart TV market substantial higher consumer traffic. In post COVID-19 scenarios the sale of smart TV may be increased from e-commerce platform. The companies get to develop such strategies to change the design of their supply chain and production policies or plans in tandem with the changing business environment.
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Key Segments Covered:
Resolution Type
• 8K TV
• HDTV
• FULL HDTV
• 4K UHD TV
Screen Type
• Curved Screen
• Flat Screen
Application
• Commercial
• Household
Distribution
• Online
• Offline
Panel Type
• Liquid Crystal Display (LCD)
• Light Emitting Diode (LED)
• Organic Light Emitting Diode (OLED)
• Quantum Dot Light Emitting Diode (QLED)
Platform
• Android
• Roku
• WebOS
• MyHomeScreen
• Tizen OS
• iOS
• Others
Key Benefits of the Report:
○ This study presents the analytical depiction of the global smart TV industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global smart TV market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smart TV market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed global smart TV market analysis based on competitive intensity and how the competition will take shape in coming years.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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