Smart TV Global Market To Reach Value Of About $284 Billion In 2025

The smart TV market consists of sales of smart TV and related services that are used in homes, offices and education sectors. A smart TV is a digital TV that is basically an entertainment-specific, internet-connected, storage-ware device.

Global Smart TV Market Size And Drivers:

The global smart TV market is expected grow from $147.80 billion in 2020 to $193.23 billion in 2021 at a compound annual growth rate (CAGR) of 30.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart TV market is expected to reach $284.19 billion in 2025 at a CAGR of 10%. The rising popularity of video-on-demand service is a key factor driving the growth of the smart TV market.

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Trends In The Global Smart TV Market

The 8K TV is a key trend in the smart TV market. The 8K TV sets have 33 million pixels, compared to 8 million pixels in a 4K package. All those millions of extra pixels provide clearer, more accurate images than the 4 K UHD TVs. The 8K Ultra HD doubles the 4K Ultra HD resolution, and it is 16 times the full HD resolution. In 2020, LG unveiled three new 8K versions and this year, Samsung tripled its 8K QLEDs. Therefore, TV manufacturers are gradually promoting 8K TVs as their 2020 flagship sets.

Global Smart TV Market Segments:
The global smart TV market is further segmented –
By Product Type: 4K UHD TV, Full HD TV, HDTV, 8K TV
By Panel Type: LCD, LED, OLED, QLED
By End User: Home, Offices, Education Institutions, Other
By Geography: The global smart TV market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Smart TV Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides smart TV market overviews, analyzes and forecasts market size and growth for the global smart TV market, smart TV market share, smart TV market players, smart TV market segments and geographies, smart TV market’s leading competitors’ revenues, profiles and market shares. The smart TV market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.