United States Smart TV Market Is Booming Worldwide by 2025 | Samsung Group, Vizio Inc., LG Electronics Inc., TCL Technology, Sony Corporation, Sharp Corporation

United States Smart TV Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The United States smart TV market is expected to grow at a CAGR of 10.5% during the forecast period (2021-2026).

Top leading Companies Profiled in United States Smart TV Market Report are Samsung Group, Vizio Inc., LG Electronics Inc., TCL Technology, Sony Corporation, Sharp Corporation, Hisense Group Corp., Panasonic Corporation, Toshiba Corporation

Market Overview

Increasing adoption of OTT services leading to the preference of smart TVs as a typical streaming entertainment product? and Us-China trade dispute prompting smart TV vendors dependent on Chinese manufacturing to increase shipments for building safety stocks? are the two major factors driving the growth of smart TV in the United States.

- Some brands from other countries such as models from Korean companies like Samsung and LG or from Japanese companies like Sharp and Sony could escape any price increases. Still, unfortunately, the rules of origin aren't always clear. High-end TVs from Samsung and LG, for example, are often assembled in Mexico, and the White House has threatened to impose new taxes on products coming from south of the border. So those TV sets could still be subject to new tariffs in the future, which might hamper the growth of the market due to the price hike.

- On the other hand, replacement upgrades will be driven by bigger screens and TVs featuring 4K Ultra High Definition (4K UHD) resolution and high dynamic range (HDR). In 2020, 4K UHD sets are expected to account for 25 million units (12% increase) and $17.6 billion in revenue (2% increase). And 8K UHD TVs are estimated to cross the one billion-dollar milestone ($1.6 billion) in revenue, selling 504,000 units.

- According to Consumer Technology Association, TV is expected to continue its reign as the flagship technology in many U.S. homes. Overall, TV manufacturers are expected to ship 40.8 million units in 2020 (2% increase), driving $23.4 billion in revenue (flat with 2019), as new TV features drive interest for consumers.

4K UHD TV Segment to Witness Significant Growth

- The 4K UHD division is expected to witness notable growth over the forecast period. The drop in the prices of these TV's are drawing customers and triggering the demand across the emerging economies. The growth can be associated with innovative features such as high resolution and high picture quality with Dolby Digital sound, which can be better experienced on larger screen sizes.?

- The adoption of innovative technologies, such as Quantum dot LEDs (QLEDs) across the Ultra-high-definition (UHD) in 4K TVs is expected to fuel the segment demand over the forecast period. Televisions belonging to this range have high penetration rates as compared to the others.?

- Moreover, the increasing penetration of ultra-high-speed internet and highly efficient network infrastructure, are expected to favorably impact the 4K UHD segment, in the near future.? For instance, the US federal government is planning to build a centralized 5G wireless network across the country by 2021. Recently, the White House released its National Strategy to Secure 5G of the US, mainly focusing on upgrading and securing 5G infrastructure at home and abroad. ?

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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News and Updates

- In March 2020, Samsung Electronics Co., Ltd. announced that its new and expanded line of 2020 QLED 4K and 8K TV models are available for purchase or pre-order on Samsung.com and at select retailers nationwide. With over 100 channels of streaming content, consumers will have the chance to explore genres like News, Sports, Gaming, and Lifestyle. Samsung TV Plus is free and works right out of the box without additional devices or subscriptions.

- In February 2020, Panasonic unveiled its more extensive TV range for 2020. The new Panasonic range will consist of three new 4K OLED ranges and three new 4K LCD ranges: the HZ2000, HZ1500 and HZ1000 OLEDs, and the HX940, HX900 and HX800 LCDs.

Key Takeaways from United States Smart TV Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the United States Smart TV market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – United States Smart TV market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the United States Smart TV

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In conclusion, the United States Smart TV market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the United States Smart TV Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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