Press release
United States Smart TV Market 2022 Strategic Assessments - Samsung Group, Vizio Inc., LG Electronics Inc., TCL Technology, Sony Corporation
The United States Smart TV Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The United States smart TV market is expected to grow at a CAGR of 10.5% during the forecast period (2022-2027).
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Top Leading Companies of United States Smart TV Market are Samsung Group, Vizio Inc., LG Electronics Inc., TCL Technology, Sony Corporation, Sharp Corporation, Hisense Group Corp., Panasonic Corporation, Toshiba Corporation and others.
Industry News and Updates
In March 2022, Samsung Electronics Co., Ltd. announced that its new and expanded line of 2022 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 2022, Panasonic unveiled its more extensive TV range for 2022. 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 Market Trends
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 Outlook of United States Smart TV Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The United States Smart TV Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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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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