Curved Televisions Market - Rising Economic Index in Emerging Economies to Display Sizeable Demand for Curved Televisions, states TMR

The global market for curved televisions is highly consolidated and characterized by the dominance of two players, namely Samsung Electronics Co. Ltd. and LG Electronics Inc., points out Transparency Market Research (TMR). These two companies held close to 90% of the global curved televisions market in 2013. However, the entry of existing television manufacturers in the curved television segment will increase the degree of competition in this market in future.

A TMR analyst says, “Key players in this market are concentrating on integrating channel services, which include logistics network, virtual networks, service networks, and distribution network in order to deliver end-to-end solutions for customers.” This helps companies to enhance their competitive strength for business expansion.

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High Image Quality Offerings Benefit Market Growth

The demand for enhanced visual quality is a major factor driving the global curved television market. Presently, consumer expectations are increasing for better features, predominantly image quality. Curved television with 4K resolution has significantly amplified the image quality for end-users on the large screen. Key players such as Samsung and LG are developing newer products to serve consumer demand pertaining to image quality and display.

The inclusion of features such as a thin display is also augmenting the demand for curved television. This offers space saving advantage for consumers along with image quality and reduced power consumption features of curved television.

Technological Drawbacks Hinder Adoption of Curved Televisions

“The high price factor of curved television is limiting its adoption,” says a TMR analyst. As such, the use of curved television is limited to commercial trade centers, shopping malls, and individuals with high disposable income. Presently, the cost of manufacturing OLED display is very high, which in turn, affects the cost of the final product.

The incompatibility of OLED technology with curved television affecting its lifespan is acting as a major restraint on the growth of the global curved television market. For instance, LCD display has an average lifespan of 100,000 hours. On the contrary, the lifetime of blue organics used in OLED displays has a much shorter lifespan of up to 14,000 hours.

The global curved television market is expected to reach a valuation of US$8.4 bn by 2019. On the basis of screen size, mid-sized television segment stood as the leading segment with 61.3% of the market in 2013. This is mainly due to the increased use of 65 inch and 55 inch for commercial and residential use.

In 2013, North America led the global curved television market with more than 50% of the overall market. In North America, the U.S. accounts for the largest market for curved television, with the highest demand for mid-sized curved television. However, Asia Pacific and Rest of the World are expected to exhibit a sizeable demand for curved televisions due to rising disposable income and overall improvement in the economic index of countries in these regions.

The information presented in this review is based on a Transparency Market Research report, titled “Curved Televisions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.”

The global curved television market is segmented as follows:

Curved Televisions Market, by Screen Size

Large-sized Curved Televisions
Mid-sized Curved Televisions
Small-sized Curved Televisions

Curved Televisions Market, by Geography

North America
Europe
Asia-Pacific
Rest of the World (RoW)

Browse Report@ https://www.transparencymarketresearch.com/curved-televisions-market.html

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This release was published on openPR.