Connected TV Market to Expand from USD 16.98 Billion in 2025 to USD 60.11 Billion by 2035 | FMI

The global connected TV market is on a robust growth trajectory, with projections indicating an increase from USD 16,978.4 million in 2025 to USD 60,110.2 million by 2035, reflecting a compound annual growth rate (CAGR) of 13.5% during this period.

This expansion is driven by the rising demand for internet-enabled televisions that offer seamless access to streaming platforms, applications, and digital services. Consumers are increasingly favoring devices that integrate traditional television viewing with digital connectivity, catering to the growing appetite for personalized and on-demand entertainment.

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Innovations in Connected TV Technology

Connected TVs are evolving with features such as high-definition, 4K, and HDR video support, voice command capabilities, screen mirroring, and integration with smart home systems. These advancements enhance user experiences, making it easier to access a variety of content and services directly from the television screen.

Key Takeaways from Market Study

Rapid Market Growth: The connected TV market is expected to grow at a CAGR of 13.5% from 2025 to 2035.
Technological Advancements: Features like voice control, high-definition video, and smart home integration are becoming standard in connected TVs.
Consumer Preferences: There is a significant shift towards personalized and on-demand entertainment, driving the adoption of connected TVs.
Advertising Opportunities: Connected TVs offer advanced targeting capabilities for advertisers through user data.
Industry analysts highlight the importance of connected TVs in the modern digital advertising and media ecosystems. The trend of cord-cutting, along with the rise of subscription-based and ad-supported streaming services, is reshaping how audiences consume entertainment globally. Advertisers are leveraging connected TVs for advanced targeting opportunities, utilizing user data to deliver personalized content.

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Emerging Applications in the Connected TV Market

The integration of connected TVs with smart home ecosystems is an emerging trend. Users can control home automation devices, monitor security systems, and manage other connected appliances directly through their televisions. This convergence of technologies enhances the value proposition of connected TVs, positioning them as central hubs in smart homes.

Market Drivers and Opportunities

Several factors are propelling the growth of the connected TV market:

Consumer Demand: An increasing desire for on-demand and personalized content is driving consumers towards connected TVs.
Technological Advancements: Continuous improvements in display technology, user interfaces, and connectivity options are enhancing the appeal of connected TVs.
Advertising Potential: Connected TVs provide advertisers with sophisticated targeting capabilities, making them an attractive platform for digital advertising campaigns.
Smart Home Integration: The ability to integrate with other smart home devices adds value to connected TVs, making them a central component of modern households.
Regional Market Insights

The Asia-Pacific region is anticipated to lead the connected TV market during the forecast period. Factors such as rapid urbanization, increasing disposable incomes, and a growing tech-savvy population contribute to this trend. North America and Europe are also significant markets, driven by high consumer demand for advanced entertainment solutions and widespread adoption of streaming services.

Key players in the Connected TV's Industry

Samsung Electronics
LG Electronics
Sony Corporation
TCL
Vizio
Hisense
Panasonic
Sharp
Apple
Xiaomi
Connected TV's Market Segmentation

By Device Type:
In terms of device type, the segment is divided into Smart TV's, Streaming Devices and Others.

By Technology:
In terms of technology, the segment is segregated into LED, LCD, OLED and QLED.

By End Use:
In terms of end use, the segment is segregated into Residential and Commercial.

By Region:
A regional analysis has been carried out in key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe and Middle East and Africa (MEA).

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