“Smart TV Market: Global Demand
Analysis & Opportunity Outlook 2024”
The global smart TV market is
segmented into technology type which includes Liquid Crystal Display (LCD),
Plasma Display Panel (PDP), Light Emitting Diodes & Organic Light Emitting
Diode (LED & OLED). Among these segments, Light Emitting Diodes &
Organic Light Emitting Diode (LED & OLED) segment is expected to occupy the
top position in the market during the forecast period. However, LED televisions
and LCD televisions both offer best picture quality and entertainment experience.
Global smart TV market is expected to register a CAGR
of 8.5% over the forecast period. Moreover, the global smart TV market was
valued at USD 260.2 Billion in 2016. The market is expected to expand on the
back of growing adoption of internet connected devices.
The home segment by end user is likely to grow at a remarkable pace during
the forecast period. This growth of home segment can be attributed to rising
demand for personalized entertainment and video gaming devices at homes. A number
of advantages offered by smart TVs are access to broadcast TV channels,
internet-based services and video on demand are also driving the growth of this
segment.
Increasing
technological advancements
Continuous technological advancements with consumer electronics are major factors which are
bolstering the growth of global smart TV market. Further, features
offered by smart TVs such as internet accessibility, gaming, camera and more
are attracting consumers globally. Moreover, growing adoption of advanced and smart
technologies all over the world is believed to fuel the growth of global smart
TV market.
Rising disposable
income of the consumers
Increasing disposable income of
the consumers and increasing expenditure on consumer electronics are some of
the major factors which are impelling the demand for smart TVs. Further, growing
middle class and consumer’s inclination towards luxurious lifestyle are also
boosting the demand for smart TVs across the globe.
Although, high cost of smart TV,
and high adoption rate of computers over smart TVs are some of the factors that
are likely to hinder the growth of the smart TV market in the
near future.
The
report titled “Smart TV Market: Global Demand
Analysis & Opportunity Outlook 2024”
delivers
detailed overview of the global smart TV market in terms of market segmentation
by technology, by distribution channel, by size, by end user and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global smart TV
market which includes company profiling of Apple
Inc., Advanced Micro Devices Inc., Koninklijke Philips N.V., Intel Corp., LG
Electronics Inc., Microsoft Corporation, Panasonic Corporation, Samsung, Sony
Corporation and Toshiba Corp. The profiling enfolds key information of
the companies which encompasses business overview, products and services, key
financials and recent news and developments. On the whole, the report depicts
detailed overview of the global smart TV market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased, unparalleled
market insights and industry analysis to help industries, conglomerates and
executives to take wise decisions for their future marketing strategy,
expansion and investment etc. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more information: http://www.wnd.com/markets/news/read/35093870
Contact for more Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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