India Smart TV Market Rockets with 16.57% CAGR Set to Achieve USD 33.72 Billion by 2030

𝐈𝐧𝐝𝐢𝐚'𝐬 𝐒𝐦𝐚𝐫𝐭 𝐓𝐕 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐨𝐚𝐫𝐬: 𝐔𝐧𝐯𝐞𝐢𝐥𝐢𝐧𝐠 𝐍𝐞𝐰 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧𝐬

Market Research has released its comprehensive report on the India Smart TV Market, highlighting significant growth opportunities, emerging trends, and recent mergers and acquisitions (M&A) that are shaping the landscape. As India continues to embrace smart technology, the Smart TV market is witnessing unprecedented expansion, driven by rising consumer demand, technological advancements, and strategic consolidations both domestically and internationally.

𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐚𝐣𝐞𝐜𝐭𝐨𝐫𝐲 𝐟𝐨𝐫 𝐈𝐧𝐝𝐢𝐚 𝐒𝐦𝐚𝐫𝐭 𝐓𝐕 𝐌𝐚𝐫𝐤𝐞𝐭:

The India Smart TV Market size was valued at USD 11.53 Billion in 2023 and the India Smart TV revenue is expected to grow at a CAGR of 16.57 % from 2024 to 2030, reaching nearly USD 33.72 Billion by 2030.

𝐓𝐨 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐢𝐬 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐦𝐚𝐭𝐭𝐞𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝: https://www.maximizemarketresearch.com/request-sample/22314/

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲: 𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐇𝐨𝐫𝐢𝐳𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

India's Smart TV market is poised for substantial growth, fueled by increasing disposable incomes, a surge in digital content consumption, and the government's push towards digitalization. The proliferation of affordable high-speed internet and the widespread adoption of streaming services have further accelerated market penetration. Companies are leveraging these opportunities to introduce innovative features such as voice control, AI integration, and enhanced user interfaces to attract a diverse consumer base.

𝐆𝐫𝐨𝐰𝐭𝐡: 𝐑𝐨𝐛𝐮𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧

The Smart TV sector in India has demonstrated remarkable growth over the past few years, with a compound annual growth rate (CAGR) projected to exceed industry averages. This growth is underpinned by the rising trend of cord-cutting, where consumers are moving away from traditional cable services to internet-based streaming platforms. Additionally, the integration of smart home ecosystems with Smart TVs is creating new avenues for market expansion, offering consumers seamless connectivity and enhanced user experiences.

𝐓𝐫𝐞𝐧𝐝: 𝐄𝐦𝐛𝐫𝐚𝐜𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬

Key trends shaping the India Smart TV market include the adoption of 4K and 8K resolution displays, the incorporation of OLED and QLED technologies, and the development of user-centric applications. The rise of gaming on Smart TVs and the integration of virtual assistants like Alexa and Google Assistant are further enhancing the functionality and appeal of these devices. Sustainability is also becoming a focal point, with manufacturers prioritizing energy-efficient designs and recyclable materials.

𝐄𝐱𝐜𝐢𝐭𝐞𝐝 𝐭𝐨 𝐝𝐢𝐯𝐞 𝐢𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐢𝐭𝐬 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬:https://www.maximizemarketresearch.com/request-sample/22314/

𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧: 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

Recent updates in the market include the launch of several flagship Smart TV models by leading brands, featuring cutting-edge technologies and competitive pricing strategies. Collaborations between technology providers and content creators are fostering a more integrated and engaging viewing experience. Moreover, the expansion of retail and online distribution channels is ensuring wider availability and accessibility of Smart TVs across urban and rural regions.

𝐈𝐧𝐝𝐢𝐚 𝐒𝐦𝐚𝐫𝐭 𝐓𝐕 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧

The Smart TV market is witnessing significant consolidation activities as companies seek to enhance their market presence and diversify their product portfolios. Notable M&A activities from key regions include:

𝐈𝐧𝐝𝐢𝐚 𝐒𝐦𝐚𝐫𝐭 𝐓𝐕 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 & 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝: Regional players are merging to strengthen their distribution networks and leverage shared technological advancements.

𝐈𝐧𝐝𝐢𝐚 𝐒𝐦𝐚𝐫𝐭 𝐓𝐕 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 & 𝐉𝐚𝐩𝐚𝐧:Leading technology firms are acquiring startups specializing in AI and IoT to integrate advanced features into Smart TVs.

𝐈𝐧𝐝𝐢𝐚 𝐒𝐦𝐚𝐫𝐭 𝐓𝐕 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚 & 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬: Major brands are consolidating to expand their global footprint and invest in sustainable manufacturing practices.

𝐈𝐧𝐝𝐢𝐚 𝐒𝐦𝐚𝐫𝐭 𝐓𝐕 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: American tech giants are acquiring international Smart TV manufacturers to enhance their global market share and innovate through cross-border collaborations.

These strategic consolidations are enabling companies to offer superior products, optimize supply chains, and capitalize on emerging market opportunities.

𝐓𝐨 𝐆𝐞𝐭 𝐌𝐨𝐫𝐞: https://www.maximizemarketresearch.com/request-sample/22314/

𝐈𝐧𝐝𝐢𝐚 𝐒𝐦𝐚𝐫𝐭 𝐓𝐕 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

by Operating System

Android TV
Tizen
WebOS
Others

by Resolution

HDTV
FULL HD TV
4K UHD TV
8K UHD
Others

Over the course of the forecast period, Resolution, which holds the greatest revenue share of over 45% in the HDTV resolution group, is anticipated to witness a notable increase in the India Smart TV Market. With a 35% market share, 4K UHD TV is the second most popular category. Thanks to cost-effectiveness and technological developments, Indian consumers may now purchase 4K HD TVs. Large companies like Samsung Electronics Co. and Sony Corporation have adopted nanotechnology and quantum dot technology to improve the image quality of their goods. In the Indian smart TV market, several factors are driving the segment's growth.

by Technology

QLED
OLED
Nano-cell
HDR
Others

by Screen Type

Flat
Curved
by Screen Size Below 32 Inches
32 To 45 Inches
46 To 55 Inches
56 To 65 Inches
Above 65 Inches
by Prize Range Online
Offline

In terms of screen type, the flat screen segment dominated the market in 2023 and is anticipated to expand at a compound annual growth rate (CAGR) of almost 17.0% over the forecast period in the Indian smart TV market. The surge is driven by consumers' choice for flat-screen TVs over more costly options. It's also easier to mount these TVs on walls. The introduction of compact, entry-level smart TV models with flat displays and the elimination of import taxes on LCD panels have also contributed to the growth of the Indian smart TV market.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐟𝐫𝐨𝐦 𝐀𝐫𝐨𝐮𝐧𝐝 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝

Vietnam: Local manufacturers are partnering with global tech firms to incorporate AI-driven features in Smart TVs.
Thailand: The market is seeing increased investments in smart home integrations, enhancing the connectivity of Smart TVs with other devices.
Singapore: Singaporean companies are leading in the development of ultra-high-definition display technologies.
Japan: Japanese firms are focusing on durability and energy efficiency, setting new standards in Smart TV manufacturing.
South Korea: Korean brands continue to dominate with their innovative QLED technologies and superior user interfaces.
European Countries: European manufacturers are prioritizing eco-friendly designs and sustainable production methods.
United States: American companies are expanding their global reach through strategic acquisitions and technological advancements.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

1. Samsung India Electronics Pvt. Ltd.

2. LG Electronics India Pvt. Ltd.

3. Sony

4. Skyworth

5. Panasonic Corporation

6. TCL India

7. Croma

8. Philips

9. JVC

10. Haier India

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