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Online Gaming Surge Fuels Growth In Curved Television Market: Powering Innovation and Expansion in the Curved Televisions Market by 2025
Curved Televisions
What Is the Expected CAGR for the Curved Televisions Market Through 2025?
The market size for curved televisions has shown significant growth over the past few years. An expansion from $11.59 billion in 2024 to $12.38 billion in 2025, representing a compound annual growth rate (CAGR) of 6.8%, is projected. Factors contributing to the growth during the historical period include the adoption of larger screen sizes, the shift towards higher resolution standards, the increased diversity and availability of content, the expansion of retail channels, and a rise in the popularity of curved televisions.
What's the Projected Size of the Global Curved Televisions Market by 2029?
In the coming years, the market size for curved televisions is anticipated to experience robust growth, reaching $16.53 billion in 2029 with a 7.5% compound annual growth rate (CAGR). The forecast period's growth can be linked to an increase in demand for immersive viewing, higher disposable incomes, growing inclination towards online shopping, declining prices of curved TV models, and overall economic expansion. Predicted trends for the forecast period encompass improved viewing experiences, technological evolution, enhancements in display technology, strengthened gaming experiences, and the integration of consumer electronics.
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Top Growth Drivers in the Curved Televisions Industry: What's Accelerating the Market?
The burgeoning interest in web-based gaming is predicted to propel the advancement of the curved television market. Online gaming allows players from all over the world to play video games and interact with each other in real-time, regardless of their physical location. This sector has seen substantial growth due to its convenient accessibility, range of games, social interaction capacity, competitive gameplay, continual innovation, growing worldwide connectivity, immersive experiences, and affordability. The online gaming experience is further elevated by curved televisions that offer wider viewing angles and reduced glare, perfect for prolonged gaming sessions. As reported by the London Economic, a non-governmental organization in the UK, the number of online gamblers in the UK had reached 24.7 million in July 2023, marking a 6.2% climb from 2022. The online gam*bling sector was responsible for producing $2.37 billion (£1.9 billion) in proceeds from sports betting and more than $4.0 billion (£3.2 billion) from online casinos with slots as the crowd favourite. In fact, in 2023, the online gamb*ling industry was pivotal in driving significant growth in the UK with record-breaking revenues of $6.75 billion (£5.4 billion), amounting to a substantial chunk of the overall market. This surge in online gaming popularity is fuelling the growth of the curved television market.
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What Are the Key Trends Driving Curved Televisions Market Growth?
Key players in the curved television market are channeling their efforts into the creation of cutting-edge solutions, including gaming monitors, to fulfil the needs of the expanding gaming industry while improving immersive viewing experiences. Gaming monitors elevate performance through high refresh rates and quick response times, lessening screen stuttering and tearing. They also offer vivid colors and clear visuals, commonly employing IPS or OLED panels for engaging gameplay. For example, Micro Star International Co. Ltd., a computer hardware corporation based in Taiwan, unveiled the First 32-Inch Curved QD-OLED MPG 321CURX Gaming Monitor in August 2024, aiming to revolutionize the gaming experience with high-tech visual technology and superior performance specifications. This gaming monitor provides breathtaking visuals due to its 240Hz refresh rate and incredibly fast 0.03 ms response time. Besides improving gaming performance, this monitor is equipped with HDR support for brighter colors and deeper contrast, contributing to a more immersive experience. Additionally, its 1700R curvature extends the display to envelop the viewer's vision field, further magnifying the immersive feeling during 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 Top Companies are Driving Growth in the Curved Televisions Market?
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
Which Regions Will Dominate the Curved Televisions Market Through 2029?
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.
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