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Global Smart TV Market Analysis, Share, Trends, Forecast: By Resolution Type: HD TV, Full HD TV, 4K UHD TV, 8K TV, Others; By Screen Size: Below 32 Inches, 32 to 45 Inches, Others; By Size Type; By Screen Technology; By Platform; By Distributional Channel; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Smart TV Market Trends
The integration of smart TVs with smart home devices is a key trend in the consumer electronics market. Smart TVs offer a unified interface through which users can control various smart home devices, including lights, thermostats, security cameras, smart locks, and more. This integration simplifies the management of the smart home ecosystem, making it more accessible and user-friendly. Many smart TVs are equipped with voice assistants like Amazon Alexa, Google Assistant, or Samsung Bixby, which allow users to control smart home devices using voice commands directly through the TV, enhancing convenience, and consequently boosting the smart TV market development.
Smart TV providers are offering innovative television products with high-end functionalities to consumers. In August 2023, Samsung released its Crystal Vision 4K UHD TV in India which is an extension of the Crystal UHD TV series. The TV supports various voice assistants, allowing users to control it using voice commands through their preferred service and facilitates video calls directly from the TV, due to the inclusion of the SlimFit Cam, which is designed to blend seamlessly with its design.
Smart TV Market Report Snapshots
Smart TV Market Regional Analysis
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart TV Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart TV Historical Market (2018-2023)
8.3 Global Smart TV Market Forecast (2024-2032)
8.4 Global Smart TV Market by Resolution Type
8.4.1 HD TV
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Full HD TV
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 4K UHD TV
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 8K TV
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Smart TV Market by Screen Size
8.5.1 Below 32 Inches
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 32 to 45 Inches
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 46 to 55 Inches
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 56 to 65 Inches
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Above 65 Inches
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Smart TV Market by Screen Type
8.6.1 Flat
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Curved
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Smart TV Market by Screen Technology
8.7.1 LCD (Liquid Crystal Display)
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 LED (Light Emitting Diode)
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 OLED (Organic Light Emitting Diode)
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 QLED (Quantum Dot Light Emitting Diode)
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.8 Global Smart TV Market by Platform
8.8.1 Android
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Roku
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 WebOS
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Tizen OS
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 iOS
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 MyHomeScreen
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Others
8.9 Global Smart TV Market by Distribution Channel
8.9.1 Offline
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Online
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.10 Global Smart TV Market by Application
8.10.1 Residential
8.10.1.1 Historical Trend (2018-2023)
8.10.1.2 Forecast Trend (2024-2032)
8.10.2 Commercial
8.10.2.1 Historical Trend (2018-2023)
8.10.2.2 Forecast Trend (2024-2032)
8.11 Global Smart TV Market by Region
8.11.1 North America
8.11.1.1 Historical Trend (2018-2023)
8.11.1.2 Forecast Trend (2024-2032)
8.11.2 Europe
8.11.2.1 Historical Trend (2018-2023)
8.11.2.2 Forecast Trend (2024-2032)
8.11.3 Asia Pacific
8.11.3.1 Historical Trend (2018-2023)
8.11.3.2 Forecast Trend (2024-2032)
8.11.4 Latin America
8.11.4.1 Historical Trend (2018-2023)
8.11.4.2 Forecast Trend (2024-2032)
8.11.5 Middle East and Africa
8.11.5.1 Historical Trend (2018-2023)
8.11.5.2 Forecast Trend (2024-2032)
9 North America Smart TV Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart TV Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart TV Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart TV Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart TV Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Samsung Electronics Co., Ltd.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 LG Electronics
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Apple Inc.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Panasonic India
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Koninklijke Philips N.V.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Sony Corporation
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 TCL
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Haier Group Corporation
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Vizio Inc.
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.3.10 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart TV Market: Key Industry Highlights, 2018 and 2032
2. Global Smart TV Historical Market: Breakup by Resolution Type (USD Billion), 2018-2023
3. Global Smart TV Market Forecast: Breakup by Resolution Type (USD Billion), 2024-2032
4. Global Smart TV Historical Market: Breakup by Screen Size (USD Billion), 2018-2023
5. Global Smart TV Market Forecast: Breakup by Screen Size (USD Billion), 2024-2032
6. Global Smart TV Historical Market: Breakup by Screen Type (USD Billion), 2018-2023
7. Global Smart TV Market Forecast: Breakup by Screen Type (USD Billion), 2024-2032
8. Global Smart TV Historical Market: Breakup by Technology (USD Billion), 2018-2023
9. Global Smart TV Market Forecast: Breakup by Technology (USD Billion), 2024-2032
10. Global Smart TV Historical Market: Breakup by Platform (USD Billion), 2018-2023
11. Global Smart TV Market Forecast: Breakup by Platform (USD Billion), 2024-2032
12. Global Smart TV Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
13. Global Smart TV Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
14. Global Smart TV Historical Market: Breakup by Application (USD Billion), 2018-2023
15. Global Smart TV Market Forecast: Breakup by Application (USD Billion), 2024-2032
16. Global Smart TV Historical Market: Breakup by Region (USD Billion), 2018-2023
17. Global Smart TV Market Forecast: Breakup by Region (USD Billion), 2024-2032
18. North America Smart TV Historical Market: Breakup by Country (USD Billion), 2018-2023
19. North America Smart TV Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Europe Smart TV Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Europe Smart TV Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Asia Pacific Smart TV Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Asia Pacific Smart TV Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Latin America Smart TV Historical Market: Breakup by Country (USD Billion), 2018-2023
25. Latin America Smart TV Market Forecast: Breakup by Country (USD Billion), 2024-2032
26. Middle East and Africa Smart TV Historical Market: Breakup by Country (USD Billion), 2018-2023
27. Middle East and Africa Smart TV Market Forecast: Breakup by Country (USD Billion), 2024-2032
28. Global Smart TV Market Structure
Key Questions Answered in the Report
In 2023, the global smart TV market attained a value of nearly USD 245.51 billion.
The market is projected to grow at a CAGR of 9.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 559.58 billion by 2032.
The major drivers expected to aid the market growth are rising disposable incomes, increasing population, growing penetration of the high-speed internet, reducing prices of smart TVs, and growing technological advancements.
The key market trend guiding the growth of the smart TV market include the increased acceptance of 4K resolution televisions.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
HD TV, Full HD TV, 4K UHD TV, and 8K TV, among others are the major resolution types of the product in the market.
The major screen sizes of the product in the market include below 32 inches, 32 to 45 inches, 46 to 55 inches, 56 to 65 inches, and above 65 inches, among others.
The significant screen types of the product in the market are flat and curved.
LCD (Liquid Crystal Display), LED (Light Emitting Diode), OLED (Organic Light Emitting Diode), and QLED (Quantum Dot Light Emitting Diode) are the significant screen technology segments of the product in the market.
Android, Roku, WebOS, Tizen OS, iOS, and MyHomeScreen, among others, are the significant platforms of the product in the market.
Offline and online are the major distribution channels of the product in the market.
Residential and commercial applications are the major application segments of the product in the market.
The major players in the market are Samsung Electronics Co., Ltd., LG Electronics, Apple Inc., Panasonic India, Koninklijke Philips N.V., Sony Corporation, TCL, Haier Group Corporation, and Vizio Inc., among others.
Analyst Review
The global smart TV market attained a value of USD 245.51 billion in 2023 driven by the growing penetration of the high-speed internet and reduced prices of smart TVs. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9.6%. The industry is projected to reach USD 559.58 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its resolution types, the global smart TV market can be segmented into HD TV, Full HD TV, 4K UHD TV, 8K TV, and others. On the basis of screen sizes, the industry is divided into below 32 inches, 32 to 45 inches, 46 to 55 inches, 56 to 65 inches, above 65 inches, and others. On the basis of screen type, the industry is bifurcated into flat and curved. On the basis of screen technology, the industry is segmented into LCD (Liquid Crystal Display), LED (Light Emitting Diode), OLED (Organic Light Emitting Diode), and QLED (Quantum Dot Light Emitting Diode). On the basis of platform, the industry is divided into Android, Roku, WebOS, Tizen OS, iOS, MyHomeScreen, and others. On the basis of distribution channels, the industry is segregated into offline and online. Based on applications, the industry is divided into residential and commercial applications. The major regional markets for smart TVs are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Samsung Electronics Co., Ltd., LG Electronics, Apple Inc., Panasonic India, Koninklijke Philips N.V., Sony Corporation, TCL, Haier Group Corporation, and Vizio Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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