As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global smart TV market is being driven by the rising demand for televisions with advanced features like built-in Wi-Fi and an ethernet port, allowing consumers to browse, share, download, and stream videos, music, and games. The growing internet penetration and rapid advancement in technology are supporting the industry growth.
The Asia Pacific dominates the industry, accounting for a significant share in the global market. Due to rising disposable income and growing technological awareness among consumers, the region is expected to witness the fastest growth rate over the forecast period. In the past few years, the television segment has transformed significantly. In developing regions like India and China, the growing popularity of online shopping platforms is leading to the rise in sales of smart TVs, as such platforms make the latest models readily available to the buyers. According to Amazon India (subsidiary of Amazon, NASDAQ: AMZN), around 80% of televisions sold in the region via its platform in 2020 were smart TVs, indicating that both customers and television manufacturers see the future in online video streaming.
The growing consumer preference for smart TVs to access online video streaming services such as YouTube Premium, Netflix, and Amazon Prime Video, among others, and other advanced features is leading manufacturers to constantly innovate their products’ range, which is aiding the industry growth.
In June 2020, Samsung Electronics brought world’s first QLED 8K television to India, which features artificial intelligence (AI), delivering 16 times the resolution of full HD televisions and setting a new benchmark in TV technology.
Market Breakup by Resolution Type, Screen Size, Screen Type, Technology, Platform, Distribution Channel, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global smart TV market are LG Electronics Inc., Sony Corporation, Panasonic Corporation, Apple Inc., Hisense Group Co. Ltd, TCL Corporation, Haier Group Corporation, LG Hitachi Ltd, Koninklijke Philips N.V, and Samsung Electronics Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.