Growing Disposable Incomes Drive Television Market Expansion In Emerging Economies: Strategic Insights Driving Televisions Market Momentum in 2025

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How Large Will the Televisions Market Size By 2025?
In recent times, the television market has seen a consistent expansion. It is projected to rise from $160.65 billion in 2024 to $164.6 billion in 2025, showcasing a compound annual growth rate (CAGR) of 2.5%. The notable growth experienced in the past can be credited to the transition from analog to digital, evolution of consumer electronics, advancement in content delivery, compatibility of gaming and consoles, as well as emerging markets.

How Big Is the Televisions Market Size Expected to Grow by 2029?
The TV market size is projected to witness a steady surge in the coming years, reaching $188.37 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 3.4%. This growth during the forecast period can be credited to factors such as the emergence of 8k and beyond, improvements in smart TV technology, immersive technologies, environmentally friendly TVs, and home office and productivity. Significant trends during the projection period include OLED and MicroLED displays, bezel-less and frameless designs, TVs as art, as well as curved and foldable displays, coupled with content integration.

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Which Key Market Drivers Powering Televisions Market Expansion and Growth?
The remarkable growth seen in the televisions market can be primarily attributed to the rise in disposable incomes. One of the key contributors to this growth has been the economic development and the burgeoning middle-class population in emerging economies like China, India, and Brazil. To illustrate, a report released by the Office for National Statistics, the official statistics department of the UK, stated that in 2022, there was a 6.3% increase in the UK's gross disposable household income (GDHI) compared to the previous year, 2021. This surge in earnings and disposable incomes in developing markets was instrumental in driving the expansion of the televisions market.

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What Are the Key Trends Driving Televisions Market Growth?
The popularity of Ultra HD televisions is surging, attributed to their energy-saving features and superior image clarity. They encompass 4K and 8K UHDs which come with a 16:9 or wider aspect ratio and deliver a base resolution of 3840x2160 pixels. The transition from conventional CRT and LCD TVs to Ultra HD TVs has been sped up due to swift developments in technology. For example, as per screen media, a media firm based in the US, mentioned that in July 2023, the TV replacement cycle propelled the infiltration of smart TVs to 74%, and 38% of households with smart TVs linked another device's screen to the television.

What Are the Emerging Segments in the Televisions Market?
The televisions market covered in this report is segmented -

1) By Product Type: Smart, Traditional
2) By Technology: LCD, LED, OLED, QLED
3) By Screen Size: Below 32 Inches, 32 to 45 Inches, 46 to 55 Inches, 56 to 65 Inches, Above 65 Inches
4) By End-User: Residential, Commercial, Other End-Users

Subsegments:
1) By Smart: LED Smart TVs, OLED Smart TVs, QLED Smart TVs, 4K And 8K Smart TVs, Android TV, Roku TV, And Other OS-based Smart TVs
2) By Traditional TVs: LED TVs (non-smart), LCD TVs, Plasma TVs

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Who Are the Global Leaders in the Televisions Market?
Major companies operating in the televisions market include Samsung Electronics Co. Ltd., LG Electronics Inc., Sony Corporation, Hisense Group Co. Ltd., TCL Corporation, Koninklijke Philips N.V., Vizio Inc., Toshiba Corporation, Skyworth Group, RCA Corporation, Magnavox, Sharp Corporation, JVC (Victor Company of Japan Limited), Polaroid/Sceptre, Fujitsu Limited, Sansui Electric Co. Ltd., Onida, Xiaomi Corporation, Micromax Informatics Limited, Haier Group Corporation, Hitachi Ltd., Lloyd Electric & Engineering Ltd., Panasonic Corporation, Funai Electric Co. Ltd., Changhong Electric Co. Ltd., Konka Group Co. Ltd., Seiki Digital Inc., Element Electronics Corporation, Westinghouse Electric Corporation, Mitsubishi Electric Corporation, NEC Corporation, Videocon Industries Limited, Intex Technologies (India) Ltd., Akai Electric Co. Ltd.

Which are the Top Profitable Regional Markets for the Televisions Industry?
Asia-Pacific was the largest region in the television market in 20242. North America was the second-largest region in the television market. The regions covered in the televisions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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