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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Australia Casting Devices Market Outlook

The Australia casting devices market size is expected to grow at a CAGR of 9.6% between 2024 and 2032.

Key Takeaways

  • As per industry reports, in 2021, internet usage in Australia reached approximately 86% of the population, with around 22.69 million active internet users as of January.
  • The average internet connection speed in the country was recorded at 41.8 Mbps in 2020. During the fourth quarter of the same year, about 94% of Australians had access to 4G networks. Additionally, in June 2020, Australia boasted around 15.28 million internet subscribers.

Casting involves transmitting media content like videos and images from devices such as smartphones, tablets, or computers to a television or connected TV device. Users can multitask on their devices while playing specific content on their TV screens. The Australia casting devices market is driven by the growing popularity of video-on-demand services and the demand for convenient entertainment access. However, the increasing availability of native smart TV apps poses a challenge to market growth.

Casting devices, primarily used for accessing on-demand internet content, rely heavily on major streaming services like Netflix and Hulu. With advancements like 4K resolution and widespread broadband access, the market is expanding rapidly, mirroring the growth of the streaming services sector. Smart TVs, combining traditional TV features with internet access and app downloads, are driving market trends, especially in emerging markets.

Technological innovations such as gesture and voice recognition in smart TVs are enhancing the entertainment experience, facilitating seamless internet browsing, gaming, and e-learning. The high adoption rate of smart TVs in developing regions contributes to the market's positive outlook, supported by increased consumer spending on electronic goods and internet penetration. Advertisers are leveraging smart TVs to expand their reach, further fuelling market growth. Overall, the Australia casting devices market development is expected to generate substantial revenue, driven by the multifunctionality and technological advancements of smart TVs.

Australia Casting Devices Market

Market Segmentation

Australia Casting Devices Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Smart TVs
  • Game Consoles
  • Media Streamers

Market Breakup by Application

  • Social Networking
  • E-learning
  • Real-time Entertainment
  • Meetings
  • Gaming
  • Others

Market Breakup by End Use

  • Residential
  • Commercial

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Western Australia
  • Australian Capital Territory
  • Others

Competitive Landscape

Key players in the casting devices in Australia innovate, design and manufacture products to support end users in the market.

  • TEAC Corporation
  • Hisense, Inc.
  • LG Electronics Co., Ltd.
  • Samsung Electronics Co., Ltd.
  • AME System
  • Others

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • End Use
  • Region
Breakup by Type
  • Smart TVs
  • Game Consoles
  • Media Streamers
Breakup by Application
  • Social Networking
  • E-learning
  • Real-time Entertainment
  • Meetings
  • Gaming
  • Others
Breakup by End Use
  • Residential
  • Commercial
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • TEAC Corporation
  • Hisense, Inc.
  • LG Electronics Co., Ltd.
  • Samsung Electronics Co., Ltd.
  • AME System
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 9.6% between 2024 and 2032.

The market is categorised according to its type, which includes smart TVs, game consoles, and media streamers.

The key market players are TEAC Corporation, Hisense, Inc., LG Electronics Co., Ltd., Samsung Electronics Co., Ltd., AME System, and others.

The market is driven by factors that include growing popularity of video-on-demand services and the demand for convenient entertainment access, and growing technological advancements, among others.

The market is categorised according to its application, which includes social networking, e-learning, real-time entertainment, meetings, gaming, and others.

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+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124