Press release
Smart TV Global Market Huge Growth Opportunities and Trends To 2032 | Sony Corporation, LG Electronics Inc., TCL Corporation, Koninklijke Philips N.V., Apple Inc.
Smart TV Market
The Business Research Company's Smart TV Global Market Report 2023 identifies the rising popularity of video-on-demand services is a key factor driving the growth of the smart TV market. Video on Demand (VoD) is one of the innovative features that Internet Protocol TV (IPTV) gives. VoD gives consumers a range of available videos to choose from. The video is transmitted via the Real-Time Streaming Protocol.
The global smart tv market grew from $186.9 billion in 2022 to $200.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart tv market is expected to grow from $261.19 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the Smart TV market are Sony Corporation, LG Electronics Inc., TCL Corporation, Koninklijke Philips N.V., Haier Electronics Group Co. Ltd., Panasonic Corporation, Samsung Electronics, Apple Inc., Toshiba Corporation, and Hitachi Ltd.
The taxation of smart TVs is a key factor hampering the growth of the smart TV market. Television is the only group in which two Goods and Services Tax (GST) levels apply. Television sales of up to 32 inches are falling, accounting for 55 percent of overall sales in 2020 compared to 75 percent two years ago as consumers want to buy bigger displays, customers are delaying purchases and anticipating a tax cut.
Read More On The Global Smart TV Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-tv-global-market-report
The Smart TV market is segmented -
• By Product Type: 4K UHD TV, Full HD TV, HDTV, 8K TV
• By Panel Type: LCD, LED, OLED, QLED
• By End User: Home, Offices, Education Institutions, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Smart TV market.
The Business Research Company's "Global Smart TV Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Smart TV Market Include:
1. Executive Summary
2. Smart TV Market Characteristics
3. Smart TV Market Trends And Strategies
4. Smart TV Market - Macro Economic Scenario
5. Smart TV Market Size And Growth
.....
26. Africa Smart TV Market
27. Smart TV Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart TV Market
29. Smart TV Market Future Outlook and Potential Analysis
30. Appendix
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