The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The televisions market has witnessed steady growth in recent years, reflecting a resilient industry that adapts to technological advancements and changing consumer preferences. The market size is set to increase from $87.97 billion in 2023 to $91.48 billion in 2024, with a compound annual growth rate (CAGR) of 4.0%.

Factors Driving Historic Growth

1. Analog to Digital Transition: The transition from analog to digital broadcasting played a pivotal role in the historic growth of the television market.
2. Consumer Electronics Evolution: Continuous evolution in consumer electronics, especially in television technology, contributed significantly.
3. Content Delivery: The expansion of content delivery methods and platforms fueled the demand for advanced televisions.
4. Gaming and Console Compatibility: The integration of gaming features and compatibility with consoles enhanced the appeal of televisions.
5. Emerging Markets: Growth was stimulated by the increasing presence and purchasing power in emerging markets.

Anticipated Growth and Influencing Factors

The televisions market is expected to continue its growth trajectory, reaching $104.34 billion in 2028, with a CAGR of 3.3%.

1. 8K and Beyond: The shift towards higher resolution, including 8K and beyond, is a key driver for future growth.
2. Smart TV Enhancements: Continuous enhancements in smart TV features and functionalities contribute to market expansion.
3. Immersive Technologies: Advancements in immersive technologies, such as augmented reality (AR) and virtual reality (VR), play a crucial role.
4. Sustainable and Eco-friendly TVs: Increasing consumer awareness and demand for sustainable and eco-friendly television options drive market growth.
5. Home Office and Productivity: The growing trend of using TVs for home offices and productivity purposes is a significant factor.

Major Trends Shaping the Future

1. OLED and MicroLED Displays: The adoption of OLED and MicroLED displays is a major trend, offering superior visual experiences.
2. Bezel-less and Frameless Design: Aesthetic advancements in design with bezel-less and frameless TVs are gaining popularity.
3. TV as Art: Transforming TVs into artistic elements when not in use is an emerging trend.
4. Curved and Foldable Displays: Innovative designs, including curved and foldable displays, add a futuristic touch.
5. Content Integration: Seamless integration of content across platforms and devices is a crucial trend.

View More On The Televisions Market Report 2024 – https://www.thebusinessresearchcompany.com/report/televisions-global-market-report

Internet Penetration Fuels Television Market Growth

1. Streaming Platforms and On-Demand Services: The surge in streaming platforms and on-demand services is a direct result of increased internet penetration.
2. Wider Access to Content: Greater internet penetration enables wider access to TV shows, live events, and on-demand programming.
3. Statistics on Internet Usage: According to Broadband Search, approximately 93.79% of the U.S. population, roughly 311.3 million individuals, use the internet as of September 2023.

Key Players in the Television Market

1. Samsung Electronics Co. Ltd.
2. LG Electronics Inc.
3. Sony Corporation
4. Hisense Group Co. Ltd.
5. TCL Corporation
6. Koninklijke Philips N.V.
7. Vizio Inc.
8. Toshiba Corporation
9. Skyworth Group
10. RCA Corporation
11. Magnavox
12. Sharp Corporation

Technological Advancements Driving Innovation

1. Samsung’s New Monitors: Samsung is at the forefront of innovation, introducing monitors that allow users to customize their viewing experience.
2. 2023 Neo QLED, Micro-LED, and Samsung OLED Lineup: Samsung’s 2023 lineup boasts powerful performance, secure connectivity, and personalized experiences.

Expanding Horizons with Blaupunkt’s Entry into the Indian Smart TV Segment

1. Blaupunkt’s Collaboration with Super Plastronics Pvt Ltd.: In July 2021, Blaupunkt entered the Indian smart TV market in collaboration with Super Plastronics Pvt Ltd., offering a range of smart LED TVs.
2. Exclusivity on Flipkart: Blaupunkt’s smart televisions are exclusively available on Flipkart in various screen sizes.

Market Segmentation

1. By Product Type: Smart, Traditional.
2. By Technology: LCD, LED, OLED, QLED.
3. By Screen Size: Below 32 Inches, 32 to 45 Inches, 46 to 55 Inches, 56 to 65 Inches, Above 65 Inches.
4. By End-User: Residential, Commercial, Other End-Users.

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The Televisions Global Market Report 2024  provides comprehensive insights on the televisions market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the televisions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Television Broadcasting Global Market Report 2023

Television Station Global Market Report 2023

Television Network Global Market Report 2023

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