Press release
Growth Of Smart TV Market Is Fueled By Video-On-Demand Services: Key Factor Driving The Growth In The Smart TV Market
Smart TV Market Growth
What Is the Projected Growth of the Smart TV Market?
The smart TV market has grown significantly in recent years. It will rise from $214.4 billion in 2024 to $229.62 billion in 2025, reflecting a CAGR of 7.1%. The growth is due to technological advancements, content streaming services, user-friendly interfaces, high-quality displays, and increased internet accessibility.
The smart TV market will expand to $299.83 billion in 2029 at a CAGR of 6.9%, supported by 5G, content services, smart home linkage, and gaming advancements. Leading trends include AI integration, voice control, OLED/QLED display tech, and seamless home automation.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3094
What Are the Different Smart TV Market Segments?
The smart tv market covered in this report is segmented -
1) By Product Type: 4K UHD TV, Full HD TV, HDTV, 8K TV
2) By Panel Type: LCD, LED, OLED, QLED
3) By End User: Home, Offices, Education Institutions, Other End-Users
Subsegments:
1) By 4K UHD TV: LED 4K UHD TV, OLED 4K UHD TV, QLED 4K UHD TV
2) By Full HD TV: LED Full HD TV, LCD Full HD TV, OLED Full HD TV
3) By HDTV: LED HDTV, LCD HDTV, Plasma HDTV
4) By 8K TV: LED 8K TV, OLED 8K TV, QLED 8K TV
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3094&type=smp
What Are the Primary Drivers Shaping the Smart TV Market?
The growing popularity of video-on-demand services is contributing significantly to the smart TV market's expansion. VoD, a feature offered by IPTV, allows users to choose from a wide variety of videos streamed via the Real-Time Streaming Protocol. This feature has gained immense popularity, resulting in increased smart TV adoption. For example, Netflix reported that its paid memberships grew from 221.8 million in 2021 to 230.7 million in 2022. This ongoing rise in VoD usage is expected to further boost the smart TV market.
Which Companies Are Leading in the Smart TV Market?
Major companies operating in the smart tv market include Sony Corporation, LG Corporation, TCL Corporation, Koninklijke Philips NV, Haier Electronics Group Co. Ltd., Panasonic Corporation, Samsung Electronics Co. Ltd., Apple Inc., Toshiba Corporation, Insignia Systems Inc., Intex Technologies Ltd., Vizio Inc., Intel Corporation, Sharp Corporation, Sichuan Changhong Electric Co. Ltd, Funai Electric Co. Ltd., JVC Kenwood Holdings Inc., Loewe Technology GmbH, Mitsubishi Electric Corporation, NEC Corporation, Onida Electronics, Sanyo Electric Co. Ltd., Seiki Digital, Skyworth Group Ltd., Vestel Elektronik Sanayi ve Ticaret AS, Xiaomi Inc., Grundig Intermedia GmbH, Hisense Kelon Electrical Holdings Co. Ltd.
What Trends Are Driving Growth in The Smart TV Market?
The taxation of smart TVs is a significant factor hindering the growth of the smart TV market. For example, in India, smart TVs are taxed at the highest GST rate of 28%, which increases the cost for consumers and could limit the market's growth potential.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/smart-tv-global-market-report
What Are the Top Revenue-Generating Geographies in the Smart TV Market?
The countries covered in the smart tv market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart TV Market?
2. What is the CAGR expected in the Smart TV Market?
3. What Are the Key Innovations Transforming the Smart TV Industry?
4. Which Region Is Leading the Smart TV Market?
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growth Of Smart TV Market Is Fueled By Video-On-Demand Services: Key Factor Driving The Growth In The Smart TV Market here
News-ID: 4056930 • Views: …
More Releases from The Business Research Company
Edible Films And Coatings Market Analysis: $5.3 Billion by 2029 With a CAGR of 9 …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Edible Films And Coatings Market Value Projection: How Much Will the Market Size by 2025?
In recent years, the market size of edible films and coatings has experienced significant growth. The market is predicted to expand from its $3.44 billion value in 2024 to $3.65 billion in 2025, growing at a…
Construction Elastomers Global Market Insights: Growth Drivers, Size & Forecasts …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Construction Elastomers Industry?
The market size for construction elastomers has seen robust growth in the past few years. The market is projected to extend from a worth of $6.27 billion in 2024 to value around $6.72 billion in 2025, exhibiting a compound…
Citric Acid Market to Surpass $5.37 Billion by 2029 | Key Trends & Insights
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Citric Acid Market Grow by 2025 in Terms of Size and Growth?
The market size for citric acid has seen a consistent escalation in the past few years. It's predicted to surge from $4.36 billion in 2024 to reach $4.5 billion in 2025, with a compound annual growth rate…
Cellulosic Fire Protection Intumescent Coating Industry to See Robust Expansion, …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Cellulosic Fire Protection Intumescent Coating Market from 2024 to 2025?
Over the past few years, the market size for cellulosic fire protection intumescent coatings has consistently expanded. It is projected to increase from $0.61 billion in 2024 to $0.63 billion in 2025, with a compound…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
