NEW YORK, June 18, 2019 /PRNewswire/ --
The global smart TV market size reached US$ 157 Billion in 2018.
A smart TV is a television that is connected to the internet and
offers a wide array of online features, this includes on-demand
content from various apps, access to streaming services such as
Netflix, and the capability to connect with numerous other wireless
devices such as smartphones and tablets. Besides having the ability
to receive cable and satellite or over the air (OTA) transmission
passively, smart televisions have extra hardware and connection
types, along with a TV operating system with a GUI. These
adaptations enable viewers to access and control features for
connected devices and streaming content from internet video
services.
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Ethernet, Wifi, USB, Bluetooth and flash memory cards from digital
cameras are normally supported by smart TV's. They normally also
support coaxial cable, HDMI and other audio-video connections.
Apart from the OS and apps, the connectors also allow on demand
video services and access to pictures, music and video on connected
storage devices. Smart TV apps enable connection to websites such
as Youtube, Netflix, Hulu and Vimeo along with social media sites
such as Facebook and Twitter. Smart TVs can connect to various
input devices wirelessly, to enhance usability and control.
Wireless keyboards and mouse, smart phones and tablets can all
connect to enable text entry, navigation and internet browsing from
the couch. Catalyzed by the increasing penetration of the
high-speed internet, the viewership of online content has increased
significantly over the last few years catalyzing the demand of
smart TV's. Moreover, there has also been a significant drop in the
prices of smart TV's increasing their affordability among the
general population. Other major factors driving the demand of smart
TV's include rising disposable incomes, increasing adoption of
4K resolution televisions,
technological advancements, etc. The market value is further
expected to reach US$ 278 Billion by
2024, exhibiting a CAGR of around 10% during 2019-2024.
Market Summary:
Based on the resolution type, the market has been segmented as
4K UHD TV, HD TV, full HD TV and
8K TV.
Based on the screen size, the market has been segmented as below 32
inches, 32 to 45 inches, 46 to 55 inches, 56 to 65 inches and above
65 inches.
Based on the screen type, the market has been segmented as flat and
curved type.
Based on the technology, the market has been segmented as LCD, LED,
OLED and QLED.
Based on the platform, the market has been segmented as Android,
Roku, Web Os, Tizen Os, iOS, MyHomeScreen and others.
Based on the distribution channel, the market has been segmented as
offline and online.
Based on the application, the market has been segmented as
residential and commercial.
Region-wise, the market has been segmented into Asia Pacific, Europe, North
America, Middle East and
Africa, and Latin America.
The competitive landscape of the market has also been examined with
some of the key players being LG Electronics Inc., Samsung
Electronics Co. Ltd, Sony Corporation, Panasonic Corporation, Vizio
Inc., Apple Inc., Hisense Group Co. Ltd, Koninklijke Philips NV,
TCL Corporation, Insignia Systems Inc., Haier Group Corporation,
Hitachi Ltd and Westinghouse Electric Corporation.
This report provides a deep insight into the global smart TV market
covering all its essential aspects. This ranges from macro overview
of the market to micro details of the industry performance, recent
trends, key market drivers and challenges, SWOT analysis, Porter's
five forces analysis, value chain analysis, etc. This report is a
must-read for entrepreneurs, investors, researchers, consultants,
business strategists, and all those who have any kind of stake or
are planning to foray into the Smart TV industry in any manner.
Key Questions Answered in This Report:
How has the global smart TV market performed so far and how will it
perform in the coming years?
What are the key regional markets in the global smart TV
industry?
What is the breakup of the global smart TV market on the basis of
resolution type?
What is the breakup of the global smart TV market on the basis of
screen size?
What is the breakup of the global smart TV market on the basis of
screen type?
What is the breakup of the global smart TV market on the basis of
technology?
What is the breakup of the global smart TV market on the basis of
platform?
What is the breakup of the global smart TV market on the basis of
distribution channel?
What is the breakup of the global smart TV market on the basis of
application?
What are the various stages in the value chain of the global smart
TV industry?
What are the key driving factors and challenges in the global smart
TV industry?
What is the structure of the global smart TV industry and who are
the key players?
What is the degree of competition in the global smart TV
industry?
How are smart TVs manufactured?
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