Smart TV Market Size By Screen Size, By Technology, By Application, By Geographic Scope And Forecast

Posted June 4, 2020 by jennysmith22119

Smart TV Market was valued at USD 283.56 Billion in 2019 and is projected to reach USD 953.15 Billion by 2027, growing at a CAGR of 16.5% from 2020 to 2027.

Smart TV Market Size And Forecast
The Global Smart TV Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Smart TV Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

According to Verified Market Research, The Global Smart TV Market was valued at USD 283.56 Billion in 2019 and is projected to reach USD 953.15 Billion by 2027, growing at a CAGR of 16.5% from 2020 to 2027.

What is Smart TV?
Smart TV, also known as connected TV is a digital television with integrated internet and interactive features. Smart TV is a mixture of computer and social TV that allows users to use all the features of computers or smartphones on TV. In addition to this, smart TVs have additional hardware and connections along with a TV operating system & a graphical user interface (GUI). Smart TVs come with both an ethernet connection and built-in Wi-Fi which eliminates the need for a separate set-top box. It offers functionality such as web browsing, video-on-demand and video streaming from services such as YouTube & Netflix, internet radio via services such as Pandora, social networking from sites such as Twitter & Facebook, apps, games and more.

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Global Smart TV Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Improving living standards, easy availability of high-speed internet, especially in developed countries, and the rising disposable income of the consumers is the major growth driver for the smart TV market. In addition to this, the high investment of key players for the development of advanced smart TV’s and a substantial drop in the price of smart TV have triggered the demand for smart TV’s. For instance, in July 2020, LG has introduced a pair of new 4 K LED smart TVs in India with support for 4K active HDR and X sound technology. Furthermore, smartphone compatibility, screen sharing, web browsing & convenience, better viewing experience, enhanced color accuracy, and bright colors are the features that are expected to support the growth of the market. However, high-cost associate with the smart TV’s and risk of data privacy & security are the elements which might hamper the market growth.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Smart TV Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Smart TV Market Competitive Landscape
The “Global Smart TV Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such asLG Electronics, Samsung, Panasonic Corporation, Apple Inc., Sony Corporation, Hisense Group Co. Ltd., Koninklijke Philips N.V., TCL, Insignia Systems Inc., and Haier Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Smart TV Market, By Screen Size
• Below 32 inches
• 32 to 40 inches
• 40 to 47 inches
• 48 to 55 inches
• Above 55 inches

Smart TV Market, By Technology
• Plasma
• Others

Smart TV Market, By Application
• Residential
• Commercial

Smart TV Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World

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Issued By vmr
Country United States
Categories Business
Tags smart tv market
Last Updated June 4, 2020