Dublin, June 25, 2021 (GLOBE NEWSWIRE) -- The "Televisions Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global televisions market as it emerges from the COVID-19 shut down.
The global televisions market is expected to grow from $63.48 billion in 2020 to $78.38 billion in 2021 at a compound annual growth rate (CAGR) of 23.5%. The growth is mainly due to the companies rearranging their operations and 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 market is expected to reach $95.79 billion in 2025 at a CAGR of 5%.
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Where is the largest and fastest growing market for the televisions? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Televisions market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider televisions market, and compares it with other markets.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
Market segmentations break down market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
The televisions market section of the report gives context. It compares the televisions market with other segments of the televisions market by size and growth, historic and forecast.
Major players in the televisions market are Samsung, LG, Sony, Hisense, TCL, Philips, Vizio, Toshiba, and Skyworth.
The televisions market consists of sales of televisions and related services used for entertainment, information and education purpose. A television is a visual image and sound transmission system replicated on screens, primarily used to broadcast entertainment, data, and education programs.
The rise in disposable incomes was a major driver of the televisions market. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India and Brazil. According to the World bank, the per capita net disposal income of lower middle-income countries is expected to be in between $1,036 and $4,045 and per capita net disposal income of upper middle-income countries is expected to be in between $4,046 and $12,535 in 2021. Increased earnings and increased disposable incomes in the emerging markets, contributing to the televisions market's growth.
The changes in consumer lifestyles and preferences had a significant impact on the televisions market. With increasing smartphone and internet penetration and advances in social media and digital technologies, consumers shifted from television to new forms of entertainment such as online audio and video streaming services on mobile phones. Television viewership continued to decline, especially among the millennial. As a whole, 18-34-year-olds spent viewing traditional TV (live and time-shifted) in Q1 2020 fell by around 15.3% from 2019. Changes in consumer preferences restricted the demand for televisions.
The television market covered in this report is segmented by product type into smart and traditional. It is also segmented by end-user into residential, commercial, others, by technology into LCD, LED, OLED, QLED and by screen size into below 32 inches, 32 to 45 inches, 46 to 55 inches, 56 to 65 inches and above 65 inches.
The demand for Ultra HD televisions is increasing rapidly, as they are energy efficient and offer high quality images. Ultra HD televisions include 4K and 8K UHDs that have an aspect ratio of 16:9 or wider, and also present a minimum resolution of 3840x2160 pixels. The transition from traditional CRT and LCD TVs to ultra HD TVs has been fast owing to brisk pace in technological advances. For instance, in 2019, worldwide sales of 4K ultra-high-definition televisions reached 100 million units thus, indicating high demand for ultra HD 4k and 8k televisions.
In February 2018, GotMatter Pvt Ltd, a Bangalore based IT and E-Commerce company, acquired Ridaex Technologies for an undisclosed amount. The acquisition will strengthen the GotMatter Pvt Ltd's position as an agile and innovative company. Also, enables the company to improve sales and increase expertise in customer services and enhance its business intelligence. Ridaex Technologies made its name by manufacturing first Indian Led Smart TVs.
Key Topics Covered:
1. Executive Summary
2. Televisions Market Characteristics
3. Televisions Market Trends and Strategies
4. Impact of COVID-19 on Televisions
5. Televisions Market Size and Growth
5.1. Global Televisions Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Televisions Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Televisions Market Segmentation
6.1. Global Televisions Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.2. Global Televisions Market, Segmentation by End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Televisions Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.4. Global Televisions Market, Segmentation by Screen Size, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
2 to5 Inches
6 to5 Inches
6 to 65 Inches
Above 65 Inches
7. Televisions Market Regional and Country Analysis
7.1. Global Televisions Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Televisions Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Televisions Market
9. China Televisions Market
10. India Televisions Market
11. Japan Televisions Market
12. Australia Televisions Market
13. Indonesia Televisions Market
14. South Korea Televisions Market
15. Western Europe Televisions Market
16. UK Televisions Market
17. Germany Televisions Market
18. France Televisions Market
19. Eastern Europe Televisions Market
20. Russia Televisions Market
21. North America Televisions Market
22. USA Televisions Market
23. South America Televisions Market
24. Brazil Televisions Market
25. Middle East Televisions Market
26. Africa Televisions Market
27. Televisions Market Competitive Landscape and Company Profiles
27.1. Televisions Market Competitive Landscape
27.2. Televisions Market Company Profiles
184.108.40.206. Products and Services
220.127.116.11. Financial Performance
18.104.22.168. Products and Services
22.214.171.124. Financial Performance
126.96.36.199. Products and Services
188.8.131.52. Financial Performance
184.108.40.206. Products and Services
220.127.116.11. Financial Performance
18.104.22.168. Products and Services
22.214.171.124. Financial Performance
29. Key Mergers and Acquisitions in the Televisions Market
29. Televisions Market Future Outlook and Potential Analysis
For more information about this report visit https://www.researchandmarkets.com/r/u68is
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