Global Smart TV Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Smart TV Market Report by The Business Research Company covers smart TV market drivers and restraints, smart TV market size, major players, and the impact of COVID-19 on the smart TV market.
The smart TV market consists of sales of smart TV and related services that are used in homes, offices and education sectors. A smart TV is a digital TV that is basically an entertainment-specific, internet-connected, storage-ware device.
The rising popularity of video-on-demand service is a key factor driving the growth of the smart TV market. Video on Demand (VoD) is one of the innovative features that Internet Protocol TV (IPTV) gives. VoD gives consumers a range of available videos to choose from. The video is transmitted via the Real-Time Streaming Protocol. In the recent years VoD has gained tremendous popularity, this has resulted in higher smart TV adoption rates.
The global smart TV market is expected grow from $147.8 billion in 2020 to $193.23 billion in 2021 at a compound annual growth rate (CAGR) of 30.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart TV market is expected to reach $284.19 billion in 2025 at a CAGR of 10%.
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Some smart TV market trends include the rising popularity of video-on-demand service. Video on Demand (VoD) is one of the innovative features that Internet Protocol TV (IPTV) gives. VoD gives consumers a range of available videos to choose from. The video is transmitted via the Real-Time Streaming Protocol. In the recent years VOD has gained tremendous popularity, this has resulted in higher smart TV adoption rates.
Global smart TV market segments include:
1) By Product Type: 4K UHD TV, Full HD TV, HDTV, 8K TV.
2) By Panel Type: LCD, LED, OLED, QLED.
3) By End User: Home, Offices, Education Institutions, Other.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Smart TV Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides smart TV market overviews, analyzes and forecasts market size, share, smart TV market players, smart TV market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The smart TV market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Smart TV Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Sony Corporation, LG Electronics Inc, TCL Corporation, Koninklijke Philips N.V., Haier Electronics Group Co. Ltd, Panasonic Corporation, Samsung Electronics, Apple Inc., Toshiba Corporation, Hitachi Ltd, Westinghouse Electric Corporation, Insignia Systems Inc., Hisense Group Co. Ltd., Intex Technologies, LeEco, Videocon Industries Limited, IZIO Inc., Advanced Micro Devices Inc., Google Haier Group+D318:D329, Intel Corp., Microsoft Corporation, Boxee, Cable Labs, Logitech International S.A., Nyxio Technologies Corp., Yahoo Inc., Vizio Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Smart TV Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Smart TV Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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