Press release
Curved Televisions Market Size Forecasted To Achieve $17.43 Billion By 2029 With Steady Growth
Curved Televisions
What Is the Curved Televisions Market Size and Projected Growth Rate?
The curved televisions market has experienced strong growth in recent years. It will grow from $11.59 billion in 2024 to $12.61 billion in 2025, at a CAGR of 8.8%. Factors driving this growth include larger screen sizes, higher resolution adoption, better content availability, expanding retail channels, and growing popularity.
The curved televisions market is expected to grow significantly, reaching $17.43 billion by 2029, at a CAGR of 8.4%. Growth drivers include the demand for immersive viewing experiences, higher disposable incomes, the preference for online shopping, and economic growth. Major trends include technological advancements, improved gaming experiences, and better integration with consumer electronics.
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What Are the Major 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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What Are The Driving Curved Televisions Market Evolution?
The growing popularity of online gaming is projected to propel the growth of the curved televisions market. Online gaming, which allows players to engage with others in real-time, is gaining popularity due to its accessibility, variety of games, social interactions, and affordability. Curved televisions enhance online gaming experiences by offering a broader field of view, reducing glare, and providing more comfortable viewing angles. According to the London Economic in July 2023, the number of active online gamers in the UK had reached 24.7 million, reflecting a 6.2% increase from the previous year. As a result, the rising interest in online gaming is expected to support the growth of the curved televisions market.
Which Firms Dominate The Curved Televisions Market Segments?
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 Major Trends Shaping the Curved Televisions Market?
In the curved television market, companies are focusing on creating advanced gaming monitors to improve gaming experiences. These monitors enhance performance by providing high refresh rates and low response times. For instance, in August 2024, Micro Star International Co. Ltd. released the 32-inch Curved QD-OLED MPG 321CURX Gaming Monitor, offering a 240Hz refresh rate, ultra-fast response time, HDR support, and a 1700R curvature to provide a more immersive gaming experience.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Curved Televisions Market?
2. What is the CAGR expected in the Curved Televisions Market?
3. What Are the Key Innovations Transforming the Curved Televisions Industry?
4. Which Region Is Leading the Curved Televisions Market?
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