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Primary Catalyst Driving Curved Televisions Market Evolution in 2025: Online Gaming Surge Fuels Growth In Curved Television Market Driver
What Is the Future Outlook for the Curved Televisions Market's Size and Growth Rate?In recent years, the market size for curved televisions has seen a significant increase. The market, which was worth $11.59 billion in 2024, is projected to expand to $12.61 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.8%. Factors contributing to the growth during the historical period include larger screen sizes, the uptake of greater resolution standards, accessibility of content, expansion of retail channels, and a surge in the popularity of curved televisions.
Expectations are high for the curved television market size to significantly surge in the upcoming years, potentially reaching a robust value of $17.43 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. This expected expansion during the forecast period is largely due to increased cravings for immersive watching experiences, rising disposable income, a growing trend towards online purchases, falling costs of curved TV models, along with broad economic growth. Key trends predicted for the future timeline incorporate superior watching experiences, technological progress, innovations in display technology, improved gaming experiences, and integration of consumer electronics.
What Are the Key Drivers Behind the Growth of the Curved Televisions Market?
The burgeoning interest in online gaming is anticipated to significantly drive the curved televisions market's expansion in the future. The term 'online gaming' denotes the phenomenon of engaging in video games over the internet, thereby facilitating gamers to connect with each other instantly, irrespective of their geographical locations. The simplicity of access, a wide range of game options, opportunities for social interaction, competitive gaming, constant innovation, global connectivity, immersive experiences and affordability have been key factors propelling the popularity of online gaming. Curved televisions, through the extended field view, and reduced glare they offer, contribute to online gaming by improving the immersive experience. They also ensure a more relaxed viewing perspective, particularly during long gaming episodes. For example, the London Economic, a UK-based NGO reported in July 2023, that the count of active online gamblers in the UK touched 24.7 million in 2023, indicating a 6.2% increase from 2022. Revenue from sports betting in the online gambling* space was $2.37 billion (£1.9 billion), with online casinos contributing over $4.0 billion (£3.2 billion), slots being the preferred pick among gamers. Furthermore, in 2023, the UK saw considerable growth in the online gambling* sector, which hit a peak at $6.75 billion (£5.4 billion), contributing a substantial part of the whole market. Consequently, the escalating interest in online gaming is fuelling the expansion of the curved televisions market.
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Which Key Market Leaders Are Driving Curved Televisions Industry Growth?
Major companies operating in the curved televisions market are Samsung Electronics Co. Ltd., Sony Corporation, LG Electronics Inc., Panasonic Corporation, Haier Group, Xiaomi Corporation, Sharp Corporation, Koninklijke Philips N.V., TCL Electronics Holdings Ltd., Hisense Co. Ltd., Skyworth Group Ltd., Sansui Electric Co. Ltd., SCEPTRE Inc., Mitashi, Stanlee India Enterprises Pvt. Ltd., Wellteck, Oscar, Angel, Krisons, Senao
What Are the Emerging Trends in the Curved Televisions Industry?
Leading corporations within the curved television industry are prioritizing advancements in technology, specifically able to provide immersive viewing experiences. They are achieving this through the release of gaming monitors, catering to the escalating gaming industry. These monitors, including IPS and OLED panels, enrich overall performance with rapid refresh rates and minimal response times, effectively limiting screen tearing and stuttering. They also display vivid colors and crystal-clear visuals, promoting immersive gameplay. Micro Star International Co. Ltd., a Taiwan-based computer hardware firm, debuted the First 32-Inch Curved QD-OLED MPG 321CURX Gaming Monitor in August 2024. This monitor, designed for elite gaming experiences, uses advanced visual technology and high-quality performance specifications. Thanks to a 240Hz refresh rate, ultra-fast 0.03 ms response time, and HDR support, the monitor delivers outstanding visuals and enriches gaming performance. It also provides a 1700R curvature, which encapsulates the user's visual field, further enhancing the immersive qualities of gameplay.
What Are the Main Segments in the Curved Televisions Market?
The curved televisions market covered in this report is segmented -
1) By Type: Cable Track Cables, Torsion Cables
2) By Screen Size: Large-Sized Curved Televisions, Mid-Sized Curved Televisions, Small-Sized Curved Televisions
3) By End User: Commercial, Institutional, Residential
Subsegments:
1) By Cable Track Cables: HDMI Cables (For Curved TV Connectivity), Optical Cables (For High-Definition Signal Transmission)
2) By Torsion Cables: Flexible Torsion Cables (Used For Motorized Or Adjustable TV Mounts), Rigid Torsion Cables (Used For Mechanical Support In TV Stands)
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Which Geographic Area Leads the Curved Televisions Market?
North America was the largest region in the curved televisions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the curved televisions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Curved Televisions Global Market Report?
- Market Size Analysis: Analyze the Curved Televisions Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Curved Televisions Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Curved Televisions Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Curved Televisions Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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