Smart TV Market Expected to Grow at a CAGR of 15.3% between 2021-2028 | Samsung, Panasonic Corporation, LG Electronics, Inc., Apple, Inc., Sony Corporation

From 2021 to 2028, the Smart TV Market is expected to develop at a CAGR of 15.3%, from US$ 143.6 billion in 2021 to US$ 436.2 billion in 2028.

The study report provides a detailed analysis of the global Smart TV Market, including regional and country-level market size analysis, CAGR estimation of market growth over the forecast period, revenue, major drivers, competition background, and payer sales analysis. In addition, the research discusses the significant obstacles and hazards that will be faced over the projected period. The Smart TV market is divided into two categories: type and application. Players, stakeholders, and other market participants in the Smart TV Market will gain an advantage by utilizing the study as a valuable resource.

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The Smart TV Market research report includes current and projected technical and financial data for the industry throughout the forecast period. The research includes significant market segmentation information, key data and figures, expert comments, and the most recent global trends. Furthermore, the market drivers and market constraints presented in this industry study give an indication of the rise or fall in market restraints included in this report gives an indication of the rise or decrease in consumer demand for a specific product based on a variety of factors.

Major players operating in the global smart TV market include Samsung, Panasonic Corporation, LG Electronics, Inc., Apple, Inc., Sony Corporation, Koninklijke Philips N.V., 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 Ltd., Insignia Systems Inc., and Westinghouse Electric Corporation.

Segmentation Covered:

By Resolution Type: HD TV, Full HD TV, 4K UHD TV, 8K TV, and Others
By Screen Type: Flat and Curved
By Screen Size: Below 32 Inches, 32 to 45 inches, 46 to 55 inches, 56 to 65 Inches, Above 65 Inches, and Others
By Screen Technology: LCD (Liquid Crystal Display), LED (Light Emitting Diode), OLED (Organic Light Emitting Diode), and QLED (Quantum Dot Light Emitting Diode)
By Distribution Channel: Offline and Online
By Application: Residential and Commercial

Key Trends And Analysis of Smart TV Market:

• In 2020, North America dominated the worldwide smart TV market, and it is likely to continue to do so during the forecast period. In the North American smart TV market, the United States will have a market share of over 78.6% in 2020. Customers are increasingly choosing UHD TVs over standard TVs because of their appealing appearance and improved image quality, which will drive up demand for smart TVs in the market. The rising popularity of smart TVs has provided attractive opportunities for content providers to offer HD content and recording services that support 4K visual technology.

• Over the predicted period, the Asia Pacific region is expected to increase significantly. The popularity of Over-the-Top (OTT) and Video-on-Demand (VOD) platforms like Netflix, Amazon Prime Video, and HOOQ has boosted demand for smart TVs in the region. The emergence of new display technologies such as QLED and XLED has reduced the need for LCD televisions dramatically. Furthermore, as the cost of 4K UHD resolution technology has dropped, consumer preferences for screen size have shifted.

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Scope of This Report:

• This study segments the worldwide Smart TV Market in great detail and includes the most accurate revenue estimates for the overall market and its sub-segments across various verticals and countries.
• The research includes information on major market drivers, restraints, challenges, and opportunities to help stakeholders grasp the pulse of the Smart TV industry.
• This study will assist stakeholders in better understanding rivals and gaining new insights to improve their business position. The rival ecosystem, new product development, agreements, and acquisitions are all included in the competitive landscape section.

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This release was published on openPR.