Over half of all households in the world will have at least one smart TV by 2028. North America has already crossed that mark, and by 2028, it is predicted to have surpassed 90%. The rate at which smart TVs are sold around the world is assisting in achieving that aim. Smart TVs will account for roughly 80% of all HD TVs sold by 2020.
The global pandemic of 2020 has also contributed significantly to the expansion of the smart HD TV industry. Hogging TV, mobile, or any other digital medium content rose to record breaking proportions as a result of global lockdowns. During the lockdown last year, many who had never attempted to watch OTT video on a smart screen because they thought it was too difficult tried it. The trend of watching OTT content on larger, connected screens will continue to rise during the projected period, propelling the smart HD TV market forward.
The global smart HD TV market size is expected to reach USD 1223 Billion in 2028 and register a CAGR of 30.2%, according to the latest report by Reports and Data. Technological advancements in electronic devices like smart TVs, increasing penetration of high-speed internet, and rising disposable income across the globe are key factors driving global market revenue growth.
High speed internet is one of the most crucial aspects responsible for proper functioning of smart TVs. Thus, lack of high-speed internet especially due to high costs in several low-income countries and rising concerns of illegal streaming and piracy are key restraints that are expected to hamper global market growth in the coming years.
Samsung Electronics Co. Ltd., LG Electronics Inc., Sony Corporation, VIZIO Inc., Videocon Industries Ltd., Sansui Electric Co. Ltd., Toshiba Corporation, TCL, Panasonic, and Haier Electronics Group Co., Ltd. are some of the leading key players operating in the smart HD TV market.
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For the purpose of this report, Reports and Data has segmented the global smart HD TV market based on screen size, screen type, panel type, and region:
Screen Size Outlook (Volume, Million Units; Revenue, USD Billion, 2018 – 2028)
Screen Type Outlook (Volume, Million Units; Revenue, USD Billion, 2018 – 2028)
Panel Type Outlook (Volume, Million Units; Revenue, USD Billion, 2018 – 2028)
Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2018 – 2028))
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Table of Content:Highlights of the TOC: Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation TechniqueChapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027Chapter 3. Indicative MetricsChapter 4. Smart HD TV Market Segmentation & Impact Analysis 4.1. Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.3. Market restraints analysis 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis 4.9. Customer MappingChapter 5. Competitive Landscape 5.1. Market Revenue Share By Manufacturers 5.2. Manufacturing Cost Breakdown Analysis 5.3. Mergers & Acquisitions 5.4. Market positioning 5.5. Strategy Benchmarking 5.6. Vendor Landscape
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