Global Televisions Market Strategies 2024, Forecast To 2033
19 Jan, 2024
The televisions market has shown steady growth, increasing from $87.97 billion in 2023 to $91.48 billion in 2024, marking a 4.0% CAGR. Historical growth is attributed to the analog-to-digital transition, consumer electronics evolution, content delivery, gaming, and emerging markets. Forecasts indicate continued stability, with an estimated size of $104.34 billion in 2028, reflecting a 3.3% CAGR. Growth is attributed to 8k and beyond, smart TV enhancements, immersive technologies, sustainable and eco-friendly TVs, and the rise of home offices and productivity. Major trends involve OLED and microLED displays, bezel-less design, TV as art, curved and foldable displays, and content integration.
Global Televisions Market Key Driver
The televisions market's growth is attributed to increased disposable incomes, spurred by economic and middle-class expansion in developing nations like China, India, and Brazil. In 2021, lower middle-income countries had per capita net disposal income between $1,036 and $4,045, while upper middle-income countries ranged from $4,046 to $12,535. Rising earnings and disposable incomes in emerging markets contribute significantly to the televisions market's growth.
Get A Free Sample Of The Global Televisions Market ReportGlobal Televisions Market Segments
The televisions market covered in this report is segmented –
1) By Product Type: Smart, Traditional
2) By Technology: LCD, LED, OLED, QLED
3) By Screen Size: Below 32 Inches, 32 to 45 Inches, 46 to 55 Inches, 56 to 65 Inches, Above 65 Inches
4) By End-User: Residential, Commercial , Other End-Users
By Geography: The regions covered in the televisions market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the television market in 20232. North America was the second-largest region in the television market. The regions covered in the televisions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Televisions Industry Players
Samsung Electronics Co. Ltd., LG Electronics Inc., Sony Corporation, Hisense Group Co. Ltd., TCL Corporation, Koninklijke Philips N.V., Vizio Inc., Toshiba Corporation, Skyworth Group, RCA Corporation, Magnavox, Sharp Corporation, JVC (Victor Company of Japan Limited), Polaroid/Sceptre, Fujitsu Limited, Sansui Electric Co. Ltd., Onida, Xiaomi Corporation, Micromax Informatics Limited, Haier Group Corporation, Hitachi Ltd., Lloyd Electric & Engineering Ltd., Panasonic Corporation, Funai Electric Co. Ltd., Changhong Electric Co. Ltd., Konka Group Co. Ltd., Seiki Digital Inc., Element Electronics Corporation, Westinghouse Electric Corporation, Mitsubishi Electric Corporation, NEC Corporation, Videocon Industries Limited, Intex Technologies (India) Ltd., Akai Electric Co. Ltd.
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Televisions Market Overview
A television refers to a visual image and sound transmission system replicated on screens, primarily used to broadcast entertainment, data, and education programs.
Televisions Global Market Report 2023 provides data on the global televisions market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The televisions market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.