Smart TV Market Resilience: Adapting to Changing Consumer Preferences


Posted October 17, 2023 by Akashmaximize123

India Smart TV Market Volume was at 14 Mn. Units in 2020. 4K UHD TV, one of the segments reviewed in MMR report dominated the India Smart TV Market.
 
Market Overview:

The market is driven by technological advancements and increasing popularity of smart TV providers. Smart TVs are becoming an essential part of smart homes, serving not only for entertainment but also for functions like DVD players and internet-based applications.

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Market Dynamics:

The market is growing due to falling smart TV prices and significant investments from video streaming media companies.
The surge in high-speed internet has shifted consumer preferences toward online content.
Factors like rising disposable income and increased internet penetration are contributing to the increased sales of smart TVs.
Market Trends and Challenges:

The report highlights market trends and challenges and analyzes data from 2020 to provide a better understanding of market dynamics.

Methanol Market Segmentation:

by Resolution

• 4K UHD TV
• Full HD TV
• HDTV
by Application

• Residential
• Commercial
by Screen Size

• 32 to 38
• 40 to 48
• 50 to 60
• Above 65

Market Segments:

By Resolution: The 4K UHD TV segment dominated the market with a 39% share in 2020, driven by product innovation and cost efficiency. The 8K TV segment is expected to grow at a CAGR of 15%.
By Screen Size: The 40 to 48-inch segment held a 39% share in 2020. The 50 to 65-inch segment is expected to grow at a CAGR of 12%.
By Application: The residential segment dominated with a 70% share in 2020, driven by factors like rising population, availability of cost-effective smart TVs, and an increased demand for home theater experiences.
Methanol Market Key Players

• LG Electronics Inc.
• Apple Inc.
• Hisense Group Co. Ltd
• Haier Group Corporation
• Hitachi Ltd
• Intex Technologies
• Micromax Informatics Ltd.
• Panasonic India Pvt. Ltd.
• Philips India Ltd.
• Samsung India Electronics Pvt. Ltd
• Sony India Pvt. Ltd.
• TCL India
• Vu Technologies Pvt. Ltd.
• Xiaomi Technology India Pvt. Ltd.

Regional Insights:

North America: The United States has the greatest market share, with a significant focus on neuroscience research and diagnostics.
MEA: The medical infrastructure sector is expected to dominate the MEA neuroscience market, and moderate growth is anticipated.
APAC: China is leading in the APAC market, with significant growth in the aging population and CNS diseases.
Unlocking Mechanism: Encompasses keypad, card key, touch-based, key fob, and smartphone-based. Touch-based unlocking mechanisms are gaining traction.

Verticals: Includes commercial, residential, institutional & government, industrial, and transportation & logistics. Residential is the leading vertical.



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Key Players:

Major players in the India Smart TV market include LG Electronics, Apple, Hisense, Haier Group, Intex Technologies, Micromax Informatics, Panasonic India, Philips India, Samsung India Electronics, Sony India, TCL India, Vu Technologies, and Xiaomi Technology India.

The report aims to provide a comprehensive analysis of the India Smart TV market, including market dynamics, trends, and challenges. It presents data and forecasts based on real numbers and past trends, taking into account the impact of the global lockdown in 2020 and 2021.

This information offers an overview of the smart TV market in India, and more detailed data would be required for in-depth market analysis and investment decisions.

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Issued By akash shinde
Country India
Categories Business , Consumer , News
Tags india smart tv market
Last Updated October 17, 2023