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Australia Casting Devices Market Size, Analysis, Forecast: By Type: Smart TVs, Game Consoles, Media Streamers; By Application: Social Networking, E-learning, Real-time Entertainment, Meetings, Gaming, Others; By End Use: Residential, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Australia Casting Devices Market Outlook
The Australia casting devices market size is expected to grow at a CAGR of 9.6% between 2024 and 2032.
Key Takeaways
- As per industry reports, in 2021, internet usage in Australia reached approximately 86% of the population, with around 22.69 million active internet users as of January.
- The average internet connection speed in the country was recorded at 41.8 Mbps in 2020. During the fourth quarter of the same year, about 94% of Australians had access to 4G networks. Additionally, in June 2020, Australia boasted around 15.28 million internet subscribers.
Casting involves transmitting media content like videos and images from devices such as smartphones, tablets, or computers to a television or connected TV device. Users can multitask on their devices while playing specific content on their TV screens. The Australia casting devices market is driven by the growing popularity of video-on-demand services and the demand for convenient entertainment access. However, the increasing availability of native smart TV apps poses a challenge to market growth.
Casting devices, primarily used for accessing on-demand internet content, rely heavily on major streaming services like Netflix and Hulu. With advancements like 4K resolution and widespread broadband access, the market is expanding rapidly, mirroring the growth of the streaming services sector. Smart TVs, combining traditional TV features with internet access and app downloads, are driving market trends, especially in emerging markets.
Technological innovations such as gesture and voice recognition in smart TVs are enhancing the entertainment experience, facilitating seamless internet browsing, gaming, and e-learning. The high adoption rate of smart TVs in developing regions contributes to the market's positive outlook, supported by increased consumer spending on electronic goods and internet penetration. Advertisers are leveraging smart TVs to expand their reach, further fuelling market growth. Overall, the Australia casting devices market development is expected to generate substantial revenue, driven by the multifunctionality and technological advancements of smart TVs.
Market Segmentation
Australia Casting Devices Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Smart TVs
- Game Consoles
- Media Streamers
Market Breakup by Application
- Social Networking
- E-learning
- Real-time Entertainment
- Meetings
- Gaming
- Others
Market Breakup by End Use
- Residential
- Commercial
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the casting devices in Australia innovate, design and manufacture products to support end users in the market.
- TEAC Corporation
- Hisense, Inc.
- LG Electronics Co., Ltd.
- Samsung Electronics Co., Ltd.
- AME System
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Casting Devices Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Casting Devices Historical Market (2018-2023)
8.3 Asia Pacific Casting Devices Market Forecast (2024-2032)
9 Australia Casting Devices Market Overview
9.1 Key Industry Highlights
9.2 Australia Casting Devices Historical Market (2018-2023)
9.3 Australia Casting Devices Market Forecast (2024-2032)
10 Australia Casting Devices Market by Type
10.1 Smart TVs
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Game Consoles
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Media Streamers
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Casting Devices Market by Application
11.1 Social Networking
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 E-learning
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Real-time Entertainment
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Meetings
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Gaming
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Australia Casting Devices Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Australia Casting Devices Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 TEAC Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Hisense, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 LG Electronics Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Samsung Electronics Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 AME System
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Casting Devices Market: Key Industry Highlights, 2018 and 2032
2. Australia Casting Devices Market: Key Industry Highlights, 2018 and 2032
3. Australia Casting Devices Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Australia Casting Devices Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Australia Casting Devices Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Australia Casting Devices Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Australia Casting Devices Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Australia Casting Devices Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Australia Casting Devices Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Australia Casting Devices Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Australia Casting Devices Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 9.6% between 2024 and 2032.
The market is categorised according to its type, which includes smart TVs, game consoles, and media streamers.
The key market players are TEAC Corporation, Hisense, Inc., LG Electronics Co., Ltd., Samsung Electronics Co., Ltd., AME System, and others.
The market is driven by factors that include growing popularity of video-on-demand services and the demand for convenient entertainment access, and growing technological advancements, among others.
The market is categorised according to its application, which includes social networking, e-learning, real-time entertainment, meetings, gaming, and others.
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