Televisions Market Is Likely To Engender CAGR Value Of 3.4% By 2028

The global televisions market is expected to be valued at approximately US$ 136.5 Bn in 2019 and is expected to register a CAGR of 3.4%.

MarketResearch.biz announces the publication of its most recently generated research report titled, “Global Televisions Market by Type (Under 32 inch, 32-42 inch, 42-48 inch, 48-55 inch, and 55 inch & above), by Application (Commercial Signage and Home Entertainment), and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global Forecast to 2028.”, which offers a holistic view of the global televisions market through systematic segmentation that covers every aspect of the target market.

The global televisions market is expected to be valued at approximately US$ 136.5 Bn in 2019 and is expected to register a CAGR of 3.4%. The first five-year cumulative revenue (2019–2023) is projected to be over US$ 700 Bn, which is expected to increase significantly over the latter part of the five-year forecast period.

Global Televisions Market: Overview

Television (TV) is an electronic device or system used to transmit fixed as well as moving objects along with sound through space or over a wire by converting it into electrical waves and then reconverts them into expected output such as audible sound and visible light rays. Television is majorly preferred medium for advertising, entertainment and news, to keep viewers informed, and up-to-date with events around the world.

Global Televisions Market: Market Dynamics

Increasing demand for television as it is considering as a popular and trusted platform for news, sports, culture, and entertainment is a key factor expected to drive growth of the global television market over the forecast period. In addition, rising adoption of televisions across airports, railway stations, and other public transport transit points for advertising, informative, and entertainment purpose is another factor expected to further fuel growth of the target market over the forecast period.

Furthermore, development of technologically advanced TVs along with the use of smart cards and increasing demand for TVs having smart cards are expected to propel growth of the target market.

However, increasing penetration of smartphone across the globe, coupled with growing number of OTT apps such as Netflix, HotStar, Amazon Prime, etc., is a key factor expected to restrain growth of the global televisions market to a significant extent over the forecast period.

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Global Televisions Market: Market Forecast

The comprehensive research report comprises a complete forecast of the global televisions market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global televisions market is expected to expand at a CAGR of 3.4% over the forecast period.

Global Televisions Market: Segmental Snapshot

The market report has been segmented on the basis of type, application, and region. The type segment is further bifurcated into under 32 inch, 32-42 inch, 42-48 inch, 48-55 inch, and 55 inch & above. The application segment is further bifurcated into commercial signage and home entertainment. The regions covered in the analysis include North America, Europe, Asia Pacific, South America, and Middle East & Africa.

By Type: The under 32-inch segment accounted for highest revenue share contribution as compared to other type of segment in 2018. The 32-42-inch segment is expected to register highest CAGR of over 3.3% between 2019 and 2028.

By Application: The home entertainment segment is expected to register highest CAGR of over 3.1% between 2019 and 2028. The home entertainment segment accounted for highest revenue share contribution as compared to commercial signage segment, and is projected to continue with its dominance.

By Region: The Asia Pacific market is projected to register the highest CAGR of over 3.6% between 2019 and 2028 and is accounted for the highest share in terms of revenue in the global television market in 2018.

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Global Televisions Market: Competitive Analysis

The research report on the global television market includes profiles of some of major companies such as Samsung Electronics Co. Ltd., VIZIO, Inc., Sony Corporation, LG Electronics Inc., Hisense Co., Ltd., Panasonic Corporation, TCL Corporation, Sharp Corporation, Tsinghua Tongfang Co., Ltd., Skyworth Digital Holdings Ltd. (Hong Kong Skyworth Digital Holdings Co., Ltd.), Haier Group Corporation, and Element Brand Holding, LLC.

The Global Televisions Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global television market for 2018–2028.

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Release ID: 88922144