TV Market Set to Surge - Key Insights You Must Know

TV Market Size

In 2024, the global market size of TV was estimated to be worth US$ 80530 million and is forecast to reach approximately US$ 92430 million by 2031 with a CAGR of 2.1% during the forecast period 2025-2031.

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The driving factors of the TV market are complex and diverse, involving multiple aspects, mainly including technological progress, changes in consumer demand, market competition pattern, policies and regulations, and coordinated development of the industrial chain. The following is a detailed analysis of these driving factors:

1. Technological progress

Technological progress is the core driving force for the development of the TV market. With the continuous innovation in display technology, projection technology, image processing technology and other fields, the picture quality, color, contrast and other aspects of TV products have been significantly improved, providing users with a more realistic visual experience. For example, the continuous development and iteration of new display technologies such as OLED, QD-OLED, Mini LED, quantum dots and laser TV have brought the picture quality of TV products to a new height. At the same time, these new technologies can also integrate more new functions, such as ultra-high-definition picture quality, HDR, high refresh rate, etc., to meet consumers' ever-increasing requirements for TV products.

2. Changes in consumer demand

Changes in consumer demand are also an important factor driving the development of the TV market. With the improvement of the quality of life, consumers' demand for TV products is also changing. In addition to the basic audio-visual experience, consumers are beginning to pay more attention to the intelligence, customization, and environmental protection performance of products. They pursue a clearer and smoother audio-visual experience, as well as a more convenient and intelligent operation method. Therefore, color TV companies need to continuously carry out technological innovation and product upgrades to meet the diverse needs of consumers. For example, the rise of smart TVs in recent years is a direct reflection of consumers' increased demand for smart TV products.

3. Market competition pattern

The impact of changes in the market competition pattern on the TV market cannot be ignored. The color TV industry is highly competitive, and major well-known brands are competing fiercely in the market. Brand influence, product reputation, after-sales service and other aspects will affect consumer purchasing decisions. Therefore, companies need to establish a strong brand image, improve product quality and after-sales service level to gain market share. At the same time, companies also need to pay attention to the dynamics of competitors and adjust market strategies in a timely manner to maintain competitive advantages. For example, some companies enhance their market competitiveness by launching high-end TV products and strengthening brand marketing.

4. Policies and regulations

The impact of policies and regulations on the TV market is mainly reflected in industry standards and entry barriers, tax policies and environmental protection policies. The industry standards and entry barriers issued by the government will directly affect the production and operation of enterprises. Enterprises need to comply with relevant laws and regulations, improve product quality and ensure that products meet standard requirements. Tax policies have a direct impact on corporate profitability and cost structure. Color TV companies need to pay close attention to changes in tax policies, plan tax planning reasonably, and reduce tax burden pressure. In addition, with the increasing environmental protection requirements, color TV companies need to pay attention to changes in environmental protection policies, promote clean production, reduce environmental pollution, and enhance corporate image and sustainable development capabilities.

5. Collaborative development of the industrial chain

The collaborative development of the industrial chain is an important measure to promote the healthy development of the TV market. The industrial chain covers multiple links such as panels, chips, display technology, design and manufacturing, and each link is closely connected. The collaborative cooperation between upstream and downstream enterprises in the industrial chain can promote technological innovation and product upgrades and improve the overall competitiveness of the industry. For example, the close cooperation between panel manufacturers and color TV manufacturers can promote the continuous innovation and upgrading of display technology and improve the picture quality and performance of TV products.

In summary, the driving factors of the TV market involve many aspects, including technological progress, changes in consumer demand, market competition pattern, policies and regulations, and collaborative development of the industrial chain. These factors interact with each other and jointly promote the continuous development of the TV market.

By Type
• Under 60 Inch
• 60-70 Inch
• Above 70 Inch

Segment by Retail Channels
• Hypermarket & Supermarket
• Specialty Store
• Online

By Application
Samsung, TCL, LG, Hisense, Skyworth, Sony, Phillips+AOC, MI, Sharp, Panasonic, Changhong, Haier, Vizio, Konka, Funai

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