Smart TV Market Observes a Stupendous Growth in Revenue US$ 436.2 Billion by 2028

 

Smart TV Market

A Smart TV is a television that is internet-connected and has a variety of online features, such as on-demand content from various apps, access to streaming services like Amazon Prime and Netflix, and the ability to connect with other wireless devices like smartphones and tablets. Furthermore, companies in the global smart TV market are focusing on implementing various strategies, such as collaborations and partnerships with other manufacturers, in order to expand their manufacturing facilities globally and maintain their global presence. For example, LG Electronics, a South Korean electronics company, launched eight LG OLED models in 2020, with two new series, including 77 and 65-inch class and Real 8K 88-inch ZX series. All of these elements are expected to contribute to market growth in the future.

During the forecast period, the global smart TV market is expected to grow significantly (2021–2028). During the forecast period, the global smart TV market is expected to grow due to rising demand for high-definition (HD) channels and video on demand (VOD). This is due to features such as improved image quality, high resolution, and extensive colour change, which will provide lucrative opportunities for market participants. Because of the increased demand for HD content around the world, smart TV providers are improving their HD offerings in order to increase their market presence.

The global Smart TV Market was valued at US$ 143.6 Bn in 2020 and is expected to reach US$ 436.2 Bn by 2028 at a CAGR of 15.3% between 2021 and 2028.

For example, in April 2021, Xiaomi, a Chinese electronics company, announced plans to launch a new Smart TV called the Mi QLED TV with 4K resolution in India in order to expand its market presence. Furthermore, as camera technology improves, producers and telecasters are focusing on investing in Ultra-High Definition (UHD) resolution technology. Furthermore, professional film makers are shifting their preference to Ultra-High Definition (UHD) by using UHD cameras and camcorders. Furthermore, as viewing experiences improve, the demand for 4K UHD Smart TVs has increased in a variety of commercial applications such as hospitality, hotels, and educational institutions, which will play a significant role in driving Smart TV demand in the near future.

Various Screen Technology Types of Smart TV: LCD (Liquid Crystal Display), LED (Light Emitting Diode), OLED (Organic Light Emitting Diode), and QLED (Quantum Dot Light Emitting Diode)

Major Companies involved are- Samsung, Panasonic Corporation, LG Electronics, Inc., Apple, Inc., Sony Corporation, Koninklijke Philips N.V., Videocon Industries Limited, Haier Electronics Group Co, Ltd., TCL Corporation, Hisense Group, Sansui Electric Co., Ltd

Comments

Post a Comment

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

Image
Security Robot Market The Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Security Robot Market encompasses advanced robotic technologies that are specifically designed and developed to enhance security and surveillance operations. These robots are equipped with features such as video surveillance, thermal imaging, facial recognition, and intrusion detection, among others. They are extensively used by security agencies and organizations across various sectors, including residential, commercial, industrial, and government, to enhance safety, reduce human intervention, and streamline security operations. Security robots offer real-time monitoring, remote control, and high accuracy, making them an ideal choice for surveillance in sensitive areas and remote locations. Market Dynamics:
Read more

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Image
  Scottish Whisky Market The Scottish Whisky Market is a captivating landscape that has been evolving and transforming over the years. It is a world of tradition, craftsmanship, and heritage, where every drop of whisky tells a story. The history of Scottish whisky traces back centuries, with the earliest records dating back to the 15th century. Whisky production initially started in monasteries, where monks distilled spirits for medicinal purposes. Over time, whisky production moved from monastic settings to farms and then to commercial distilleries. This transition marked the beginning of an industry that would become synonymous with Scotland. Scottish Whisky Market Was Valued At US$ 4.97 Bn In 2018, And It Is Expected To Reach US$ 7.89 Bn By The End Of 2027, Exhibiting A CAGR Of 5.3% During The Forecast Period (2019 To 2027). One of the defining characteristics of the Scottish Whisky Market is its adherence to traditional production methods. Scotch whisky is made from malted b
Read more

Monochloroacetic Acid (MCAA) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Surfactants and Herbicides

Image
Monochloroacetic Acid (MCAA) Market The Monochloroacetic Acid (MCAA) Market is estimated to be valued at USD 676.52 Million in 2022 and is expected to exhibit a CAGR of 7.03% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Monochloroacetic Acid (MCAA) Market is driven by the increasing demand for surfactants and herbicides in several industries such as agriculture, pharmaceuticals, textiles, and personal care. MCAA is extensively used in the production of surfactants, herbicides, and carboxymethyl cellulose (CMC), which are essential in various applications. These applications include detergents, agrochemicals, pharmaceuticals, dyes, and cosmetics, among others. The versatile properties of MCAA, such as its ability to act as a raw material in the production of herbicides and surfactants, make it highly desirable in the market. Market Dynamics: The Monochloroacetic Acid (MCAA) Market is driven by two k
Read more