Learn about the global smart TV market through The Business Research Company, which provides information on smart TV market size, smart TV market drivers and restraints, smart TV market players, the COVID-19 impact on the smart TV market, and more.

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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%.

The rising popularity of video-on-demand service is expected to drive innovation in smart TV manufacturing, thus driving the market during the forecast period.

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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.

Global smart TV market segments include:

By Product Type: 4K UHD TV, Full HD TV, HDTV, 8K TV

By Panel Type: LCD, LED, OLED, QLED

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.

The 8K TV is a key trend in the smart TV market. The 8K TV sets have 33 million pixels, compared to 8 million pixels in a 4K package. All those millions of extra pixels provide clearer, more accurate images than the 4 K UHD TVs. The 8K Ultra HD doubles the 4K Ultra HD resolution, and it is 16 times the full HD resolution.

TBRC’s smart TV market report covers:

Major Market Players: Sony Corporation, LG Electronics, Inc, TCL Corporation, Koninklijke Philips N.V., Haier Electronics Group Co., Ltd, Panasonic Corporation, Samsung Electronics, Apple Inc., Toshiba Corporation, and Hitachi Ltd.

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)

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, leading competitor revenues, profiles and market shares.

TBRC’s 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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