According to 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 smart TV market. 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 enjoy 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 enables 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.
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Global Smart TV Market Trends:
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 camera technology is creating a positive market outlook. Other factors, such as rapid urbanization, the rising adoption of 4K resolution TV sets, inflating disposable income levels of the masses, and shifting consumer preferences, are also influencing the market.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
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Key Market Segmentation:
Breakup by Resolution Type:
Breakup by Screen Size:
Breakup by Screen Type:
Breakup by Technology:
Breakup by Platform:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
Key highlights of the Report:
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.
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About Us
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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