Press release
Televisions Market Potential Growth, Size, Share, Development Plans And Strategies Forecast To 2033
Televisions Global Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Televisions industry. This report on Televisions market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The televisions market size has grown steadily in recent years. It will grow from $87.97 billion in 2023 to $91.48 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to analog to digital transition, consumer electronics evolution, content delivery, gaming and console compatibility, emerging markets.
The televisions market size is expected to see steady growth in the next few years. It will grow to $104.34 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to 8k and beyond, smart tv enhancements, immersive technologies, sustainable and eco-friendly TVs, home office and productivity. Major trends in the forecast period include oled and microled displays, bezel-less and frameless design, tv as art, curved and foldable displays, content integration.
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Key Market Players:
Samsung Electronics Co. Ltd., LG Electronics Inc., Sony Corporation, Hisense Group Co. Ltd., TCL Corporation, Koninklijke Philips N.V., Vizio Inc., Toshiba Corporation, Skyworth Group, RCA Corporation.
Market Drivers:
According to the Televisions Market Report 2023 by The Business Research Company, the key factors driving the growth of the Televisions market, includes the Major companies operating in television market are developing innovative televisions to gain a competitive edge in the market. Samsung new monitors allow users to tailor their monitors to their unique styles and needs, as they watch, play, and work. . For instance, in January 2023, Samsung, came up with its new era of screens with its new 2023 neo QLED, micro-LED and Samsung OLED lineup, boasting powerful performance, secure connectivity and personalized experiences.
More information about the Global Televisions Market Report -
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Market segments for Televisions include:
1) By Product Type: Smart, Traditional
2) By Technology: LCD, LED, OLED, QLED
3) By Screen Size: Below 32 Inches, 32 to 45 Inches, 46 to 55 Inches, 56 to 65 Inches, Above 65 Inches
4) By End-User: Residential, Commercial, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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