What Is The Scope Of The Global Curved Televisions Market?
Curved televisions (TV) are electronic display devices that feature a concave viewing surface, in contrast to traditional flat-panel displays. They are marketed as providing an immersive viewing experience and a wider field of view, though the benefits are debated. Curved TVs have applications in gaming, digital signage, and movie theaters, where the curved screen can help minimize distortion and create a more panoramic view.
Curved Televisions Global Market Report 2024 provides data on the global curved televisions market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The curved televisions market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Projections Can We Expect For The Size And Growth Rates Of The Global Curved Televisions Market?
The curved televisions market has seen substantial growth, increasing from $10.69 billion in 2023 to $11.59 billion in 2024, at a CAGR of 8.4%. Growth during the historical period can be linked to larger screen sizes, higher resolution standards, content availability, retail channel growth, and the rising popularity of curved televisions. By 2028, the market is forecasted to reach $16.08 billion at a CAGR of 8.5%, driven by demand for immersive viewing experiences, rising disposable incomes, online shopping preferences, decreasing prices, and overall economic growth. Emerging trends include technological advancements, enhanced gaming experiences, and integration with consumer electronics.
What Are The Core Factors Supporting Growth In The Curved Televisions Market?
The increasing popularity of online gaming is expected to fuel the growth of the curved televisions market. Online gaming has grown significantly due to its accessibility, social interaction, and the immersive experiences it offers. Curved televisions enhance the online gaming experience by providing a wider field of view, reducing glare, and offering a more comfortable viewing angle during extended sessions. For example, in 2022, the digital gaming industry was valued at $240 billion, and it is projected to grow to $294 billion by 2024. This growth, particularly in international markets, is driving the demand for curved televisions.
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What Are The Major Segments Within The Global Curved Televisions Market?
The curved televisions market covered in this report is segmented –
1) By Type: Cable Track Cables, Torsion Cables
2) By Screen Size: Large-Sized Curved Televisions, Mid-Sized Curved Televisions, Small-Sized Curved Televisions
3) By End User: Commercial, Institutional, Residential
Which Trends Are Expected To Transform The Curved Televisions Market?
Companies in the curved television market are leveraging new technologies, such as flexible OLED display televisions, to better serve customers. These displays utilize organic light-emitting diode technology on flexible substrates, enabling them to bend, roll, or fold for innovative designs. In January 2021, LG Corporation, a South Korean consumer electronics giant, introduced a 48-inch flexible OLED display with dual configurations. The display’s curved mode, with a tight 1000R curvature radius, delivers an immersive gaming experience, supporting a variable refresh rate range of 40–120 Hz and a rapid 0.1 ms response time.
What Is The Fastest Growing Region In The Curved Televisions Market?
North America was the largest region in the curved televisions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the curved televisions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
