While the overall LCD TV market has reached a certain level of maturity and has been experiencing shipment declines in many regions, the emergence of 4K TVs is driving demand in developed markets as well as price-sensitive countries like China. Unit shipment for the global smart TVs market is expected to increase from 193.7 million in 2017 to 249.9 million in 2023, at a compound annual growth rate (CAGR) of 4.3%.As the costs of smart TVs – especially high-end TVs that feature large screen sizes and boast of features like 4K, HDR, Dolby Vision, curved displays, and bezel-free designs – continue to sharply drop year-on-year, vendors are rapidly pushing replacements and upgrades to consumers. Unit shipment for
This market insight covers the following:
- Global market trend analyses—including market drivers and restraints
- Detailed unit shipment forecasts for the total smart TVs market
- A competitive landscape, in terms of major participants and market share analysis
Geographic Segmentation: The global market has been segmented into North America/Latin America (NALA), Asia-Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).
The base year is 2017, with forecasts running up to 2023. The research highlights key trends impacting the global smart TVs market and outlines future implications.
Key Issues Addressed
- Will the market continue to grow over the forecast period? If so, at what rate?
- Where does smart TV technology stand today? What are the primary challenges faced by vendors addressing this market? What are the drivers and restraints for market growth?
- What does the current competitive landscape look like? Is market concentration a restraint? Is the market attractive for mergers and acquisitions?
- What are the revenue breakups by geographical regions - NALA/EMEA/APAC? Which are the fastest growing?