Press release
Smart Connected TV Market 2022 report covers, Top Companies, Share and Trends Analysis, Analysis of Business
The Smart Connected TV Market research provides an in-depth analysis of industry dynamics, the competitive landscape, segments, and geographies to assist readers have a better understanding of the market. It focuses on market fluctuations, pricing structures, uncertainties, possible hazards, and development possibilities in order to assist firms in developing effective strategies for success in the Smart Connected TV industry. It also offers participants to acquire comprehensive insights into top leading company development and industry progress in market.The Smart Connected TV market is set to grow at a CAGR of 15.56 % over the forecast period (2022-2027).
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Top leading companies in the global Smart Connected TV market includes: Samsung Electronics, LG Electronics, TCL, Hisense, Sony, Skyworth, Foxconn (Sharp), Xiaomi, Vizio, Haier, Panasonic, Changhong, Konka
Industrial News:
Panasonic has acquired 19 companies, including 6 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 7 assets.
Panasonic’s largest acquisition to date was in 2021 when it acquired Blue Yonder for $8.5B. It’s largest disclosed sale occurred in 2013 when it sold PHC Holdings to KKR for $1.7B. Panasonic has acquired in 9 different US states, and 8 countries. The Company’s most targeted sectors include software (28%) and electronics (17%).
Smart Connected TV Market segmentation:
Market segment by Type:
32 inch
40 inch
42 inch
55 inch
60 inch
Market segment by Application:
Family
Public
Market Overview
The Smart Connected TV market is expected to register a CAGR of 15.56% during the forecast period (2022 - 2027). The ongoing COVID-19 outbreak has adversely affected the display industry, with manufacturing operations temporarily suspended across significant manufacturing hubs, leading to a substantial slowdown in production. Major manufacturers, including Samsung, LG, and Xiaomi, have suspended their manufacturing operations in China, India, South Korea, and European countries.
A connected TV refers to a TV that helps users to watch videos with the help of internet connectivity. These are designed to provide a more immersive experience for viewers by delivering interactive features such as social networking, web browsing, video-on-demand, and video streaming, along with regular television content.
Key Market Trends
Smart TV Accounts for the Largest Market Share
Smart TVs are enhanced with advanced features and applications compared to other televisions. In addition to this, Apple and Roku are developing their own operating systems for the smart TV. For instance, Tizen developed by Samsung Electronics Co. Ltd. and WebOS by LG Electronics enables users to download applications from their store along with helping them to access online streaming applications.
Further, using Android as an operating system by various smart TV brands has made it easy for viewers to access major OTT platforms such as Netflix, Amazon Prime, and Hotstar. The Android OS also provides access to major Android applications like Facebook, Twitter, and Youtube.
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Investigator Observers Strong Growth in Specific Regions:
Asia Pacific Accounts For the Largest Market Share
Asia-Pacific is the dominating market for smart TVs. It is expected to continue its dominance over the forecast period, owing to increasing demand for smart TVs by end-users and the emerging economies of India, China, and Japan. The increasing net disposable income of consumers has been a significant factor for continued demand in the region. The growth is also attributed to the rising popularity of OTT platforms, such as Amazon Prime Video, Netflix, HOOQ, and others, across this region.
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and the Rest of the Middle East & Africa).
Some key questions answered in the Smart Connected TV market report:
– What is the Smart Connected TV market growth, sales, production, consumption, import and export, trends, latest developments, etc. of each region/country?
– Which key regions or Smart Connected TV market segments will drive market development in the near future?
– The short-term and long-term factors affecting the industry due to COVID-19.
– Historical, current and future market development, growth and market size during the forecast period.
– The detailed qualitative analysis and quantitative insights provided in the report contribute to future growth.
– Comprehensive mapping of key players and the latest strategies adopted by industry players, Manufacturer behaviours analysis.
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Important functions under the reported products and main highlights:
– Detailed overview of the Smart Connected TV Market
– Changes in industry market dynamics
– History, current and projected market size in terms of volume and value
– Detailed Smart Connected TV market segmentation by type, application, etc.
– Recent industry trends and developments
– Competition Situation The high-frequency inductor market
– key company and product strategies
– shows promising growth potential and niche segments/regions
The research includes historical data from 2016 to 2022 and forecasts to 2027, making the reports an invaluable resource for industry managers, marketing, sales, and product managers, consultants, analysts, and others looking for key industry data in easily accessible documents with clearly presented tables and graphs.
Note: All reports on the list are tracking the impact of COVID-19. While doing this, both upstream and downstream of the entire supply chain were considered.
We offer customization on Smart Connected TV market reports based on specific client requirements:
1: Market Report in PDF and Excel format.
2: Access to 20% free customization.
3: Access to our analyst’s facts for the following 1 year.
Please contact our sales experts ( sales@marketintelligencedata.com) and we will ensure that you get a report that suits your needs.
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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