Global Smart TV Market Size is estimated to expand rapidly in coming years, at a CAGR of 10.36 % from 2018 to 2025. In 2017, the global market valuation was USD 147.35 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. A smart TV is a digital television offering internet connection and large storage for entertainment. Apart from receiving cable and transmitting network, smart TVs are equipped with Ethernet, Wi-Fi, USB, Bluetooth, flash memory cards coaxial cable, HDMI and other audio-video connections. Smart TV is also able to access video or movie on demand services, music, and video connected storages. Smart TV enables to record and plays service with which user can record the video or a program and watch it later. The increasing adoption of artificial intelligence in smart TV is driving global network growth. AI-configured smart TVs can be accessed by voice commands and provide efficient results. According to the research, the Asia-Pacific region has accounted for the largest share in the global market.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global smart TV market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart TV market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Resolution Type Insights: On the basis of device type, the global smart TV market has been segmented into 4K UHD TV, HDTV, Full HD TV, 8K TV. The 4KUHD TV market is expected to grow rapidly in the forecast period owing to the increasing adoption of 4 KHD for residential purposes. The growing demand for high-resolution televisions in developing countries is expected to drive the market growth. Increasing consumption of online content, increasing demand for facilities such as video on demand and high-speed internet is expected to drive the market in the forecast period.

By Screen Size Insights: On the basis of screen size, the global smart TV market has been segmented into 28 to 40 inches, 41 to 59 inches, and above 60 inches. According to the research, 28 to 40 inches segment witnessed noticeable growth in recent years. This segment is equipped with Ethernet, Wi-Fi, USB, Bluetooth, and other advanced technologies as well as growing demand from emerging economies, and increasing consumer interest towards advanced technology are factors to provide growth in the coming years.

Regional Analysis

The global smart TV market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, The Asia Pacific is considered a key contributor in the global smart TV market. Emerging countries such as China, India, and Japan are remote players in the automotive market and advance technology and is expected to drive the market in the forecast period. Major market players such as Panasonic, Samsung are focusing on adopting artificial intelligence technology in their advanced TVs which will be expected to drive the market in the forecast period.

North America is projected to be the rapidly growing region in the global smart TV market. North America is expected to witness high growth in upcoming time span due to high demand in advanced technology and increasing use of high-speed internet. Technical advancements and government’s insistence for providing highly advanced technological products is also one of the reasons behind market uplifting. Europe is anticipated to dominate the global smart TV market over the projected period majorly owing to high consumer demand, better technological connectivity, and highly cost-effective business strategies. Latin America and Africa are expected to witness moderate growth in the forecast period.

Global Smart TV Market Size, Share Analysis by Region 2017

Global Smart TV Market Study Objective

1. To forecast the market size of global smart TV market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of global smart TV market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of global smart TV market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of global smart TV market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the global smart TV market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Sony Corporation, Videocon Industries Limited, Toshiba Corporation, Philips N.V., Sansui Electric Co. Ltd., Hitachi Ltd., TCL Corporation, Skyworth Digital Holdings Co., Ltd., Samsung Electronics Co. Ltd., LG Electronics, Inc., Haier Electronics Group Co., Ltd., and Panasonic Corporation are some of the key players in the market of smart TV.

Global Smart TV Market Study Report Offer You!

The global smart TV market study report gives an idea about market size, share, stock, equity, investment, and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities, and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review, and market prediction & projection to develop effective strategies for optimizing their market position.