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Smart TV Market Size to Grow by 293.32 million units Due to Technological Advances In TV Resolution - 46% Contribution from APAC - TechnavioNEW YORK, Sept. 6, 2022 /PRNewswire/ -- The "Smart TV Market Forecast and Analysis 2020-2024" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the smart TV market between 2019 and 2024 is 293.32 million units, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 21% during the forecast period. The analysts at Technavio have categorized the global smart TV market as a part of the global consumer electronics market. Our report provides extensive information on the value chain analysis for the smart TV market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. For more insights on the scope and value chain analysis, Read a FREE Sample Report Key Market Dynamics:
To learn about additional key market dynamics, Request for Sample Report right now! Key Market Segment Highlights The smart tv market report is segmented by Distribution Channel (Offline and Online) and Geographic Landscape (APAC, Europe, MEA, North America, and South America). Regional Opportunities: 46% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for smart TVs in APAC. Market growth in this region will be faster than the growth of the market in other regions. A rise in consumer willingness to spend on smart TV products over the last few years, particularly in emerging economies, such as India and other Southeast Asian countries, including Thailand, Vietnam, and Hong Kong will facilitate the smart TV market growth in APAC over the forecast period. Revenue-generating Segment Analysis: The smart TV market share growth in the offline segment will be significant during the forecast period. Globalization has spurred investments in traditional commerce and subsequently increased the number of offline retail outlets. Rapid internet penetration and growth in the adoption of OTT streaming services in the US, India, and China have boosted the demand for high-end smart TV products. Moreover, advances in technology and product design have made smart TVs more affordable to consumers globally over the last few years. View our sample report for segment-wise contribution and regional opportunities Some Companies Mentioned with their Offerings
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/smart-tv-market-size-to-grow-by-293-32-million-units-due-to-technological-advances-in-tv-resolution---46-contribution-from-apac---technavio-301617841.html SOURCE Technavio |