The latest report by IMARC Group, titled "Smart TV Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the global
. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global smart TV market size reached US$ 256.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 379.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028. A smart TV is a consumer electronic device that allows users to utilize distinct features of computers and smartphones on TV. It comprises an ethernet connection and built-in Wi-Fi connection, which eliminates the need for a separate set-top box and offers numerous functions, such as web browsing, and video-on-demand. It also enables users to connect with various video streaming services, including youtube and netflix, internet radio via pandora, and social networking sites. It also allows viewers to search and view photos, movies, videos, and web content from a local cable TV channel, a satellite TV channel, and a local storage drive. There has been a considerable rise in the demand for smart TV among the masses since it offers interactive media, over-the-top content, and home networking access.
The growing demand for high-definition (HD) channels among individuals is driving the global market. This can be attributed to easy accessibility to advanced features, such as improved image quality, high resolution, and extensive color change. Moreover, the rising popularity of over-the-top (OTT) services for streaming the latest TV content on smart televisions and the influx of high-speed internet in the form of broadband internet are favorably impacting the market. Furthermore, numerous major companies are focusing on investing in ultra-high definition (UHD) resolution technology due to continual improvements in the camera technology, which is creating a positive market outlook. Other factors, such as rapid urbanization, the adoption of 4K resolution TV sets, shifting consumer preferences and inflating disposable income levels of the masses, are also influencing the market.
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
Scope and Methodology
Value Chain Analysis
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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