According to Goldstein Research, With the technology advancement, there is advent of smart homes and smart offices with smart TV being an integral part to it, which not only serves its original purpose of entertainment but also works like a DVD player, music player, internet-based applications, transforming it into a computer such as streaming videos from Amazon TV, Netflix, Hulu and Google play store
Smart TV market also includes product development, marketing and investment strategies adopted by major market players in order to expand their business across the globe. Where key player of smart tv market is also acquiring and merging their business for the better results like LeEco acquired another key player of the smart tv industry i.e; Vizio for about $2 billion in July 2016."
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Market Segmentation
On the basis of our in-depth analysis, global smart TV market can be segmented as follows:
By Screen Type
- Flat Screen
- Curved Screen
By Display Type
- LCD (Liquid Crystal Display)
- LED (Light Emitting Diodes)
- Plasma
- OLED (Organic Light Emitting Diode)
- QLED (Quantum Dot LED)
By Resolution Type
- 4K UHD TV
- HDTV
- Full HD TV
- 8K TV
By Screen Size
- Below 32 inches
- 32 to 45 inches
- 46 to 55 inches
- 56 to 65 inches
- Above 65 inches
By Distribution Channel
- Online
- Offline
By End-User
- Residential
- Commercial
- Industrial
Based on Geography
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa
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“Global Smart TV Market Outlook 2025” contains detailed overview of the global smart TV market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by screen type, by display type, by resolution type, by screen size, by distribution channel and by end users.
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The smart TV Market reports provide you a comprehensive analysis of the overall industry which is prepared with iterative research methodology focused on diminishing conflicts in order to provide the most accurate estimates of the industry which includes the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model.
This market report also includes competitive outlook of some of the major players profiling of companies such as Sony, Samsung, LG Electronics, Panasonic, Koninklijke Philips N.V., Haier Consumer Electronics Group, Vizio, Hong Kong Skyworth Digital Holdings. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
The report comes up as an important assets to all the market players, new entrants, advisors, market shareholders & consultants
Regional Analysis of Smart TV Market
India Smart TV Market
India’s TV market demand is progressively flowing from the low-end to high-end, with the significant improvement of products, the smart TV will accelerate the popularity. Further, with the increase of internet applications and intelligent as the center, the TV content is continuously supplemented and improved, the TV ecology gradually mature, smart home values began to show.
The India Smart TV market is set to reach USD 20.4 billion by 2024, growing at a CAGR of 4.7% over the forecast period (2017-2025).
Japan Smart TV Market
globally 245.1 million smart TV shipments were recorded, with Japan being one of the major manufacturers of smart TV. Further, smart TV sales in Japan is continuously increasing and it is expected by 2020 around 70% of the households will have smart TV.
The Japan Smart TV Market is set to reach USD 38.1 billion by 2024, growing at a CAGR of 4.58% over the forecast period (2017-2025).
UK Smart TV Market
UK Smart TV Market is anticipated to reach USD 38.6billion by 2025, expanding at a CAGR of 4.53% during the forecast period, 2017-2025. Television has been one of the major sources of entertainment and UK is a technologically advanced country with consumers of high personal disposable income is thus swelling the smart TV market.
United States Smart TV Market
High personal disposable income of the people of consumer electronics and their shifting preference towards smart environment (homes and offices) are majorly driving the growth of the market. In 2017, Globally 245.1 million smart TV shipments were recorded, with U.S.
acquiring the major share. United States has huge internet penetration, thus on an average the people of U.S. spends 2-3 hours on smart TV and further 4-6 hours on other internet-connected devices such as chromecast.
Goldstein Research analyst forecast that the US Smart TV Marketis set to reach USD 41.6 billion by 2024, growing at a CAGR of 4.5% over the forecast period (2017-2025).
China Smart TV Market
China has been facing serious environmental pollution causing from the fossil fuel as the chief source of energy supply. Thus, China has been molding its strategies in order to accommodate intermittent renewable energy, growing efficiency, and promoting energy saving.
The China Smart TV Market is set to reach USD 36.1 billion by 2024, expanding at a CAGR of 4.61% over the forecast period (2016-2024).
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