The Mexico smart TV market is expected to exhibit a growth rate (CAGR) of 14.5% during 2023-2028.
A smart television (TV), also referred to as a connected TV, is a next-generation device with internet connectivity and Web 2.0 features. It offers several functionalities, including a graphical user interface (GUI), on-demand content, wireless connectivity, OTT service streaming, etc. Some of the commonly available types of smart TVs are organic light-emitting diode (OLED), light-emitting diode (LED), liquid crystal display (LCD), quantum dot light-emitting diode (QLED), etc. They provide seamless solutions for surfing, sharing, communicating, and downloading content.
Mexico Smart TV Market Trends:
The increasing internet penetration coupled with the rising popularity of online video streaming services, including YouTube, Netflix, Hulu, Vimeo, etc., is primarily driving the Mexico smart TV market. In addition to this, the elevating integration of smart TVs with wireless input devices, such as smartphones, keyboards, tablets, etc., for navigation, enhancing usability, enabling text entry, and internet browsing is also catalyzing the regional market. Moreover, the growing consumer inclination towards premium sports, movies, and entertainment content via Video on Demand (VoD) platforms is acting as a significant growth-inducing factor. Apart from this, the launch of flexible smart TV panels that provide numerous benefits of both curved as well as flat panel displays is positively influencing the Mexico smart TV market. Additionally, numerous consumer electronics companies are collaborating with OTT content providers to offer inbuilt features in their television sets, thereby eliminating the need for a set-top box. This, in turn, is further propelling the demand for smart TVs in the region. Besides this, the inflating investments in R&D activities aimed at introducing innovative product variants with convenient access, pixel-less imagery, artificial intelligence (AI) upscaling, low installation costs, etc., are expected to drive the Mexico smart TV market over the forecasted period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Mexico smart TV market report, along with forecasts for the period 2023-2028. Our report has categorized the market based on resolution type, technology, screen size, screen type, platform, application and distribution channel.
Breakup by Resolution Type:
- 4K UHD TV
- Full HD TV
- 8K TV
Breakup by Technology:
Breakup by Screen Size:
- Below 32 Inches
- 32 to 45 Inches
- 46 to 55 inches
- 56 to 65 Inches
- Above 65 Inches
Breakup by Screen Type:
Breakup by Platform:
- Tizen OS
- My Home Screen
Breakup by Application:
Breakup by Distribution Channel:
The competitive landscape of the industry has also been examined with some of the key players being Apple Inc., Haier Group, Hisense International, Hitachi, Ltd., Koninklijke Philips N.V, Panasonic Corporation, Samsung Electronics Co. Ltd., Sony Corporation, TCL, and Toshiba.
|Base Year of the Analysis
||Resolution Type, Technology, Screen Size, Screen Type, Platform, Application, Distribution Channel
||Apple Inc., Haier Group, Hisense International, Hitachi, Ltd., Koninklijke Philips N.V, Panasonic Corporation, Samsung Electronics Co. Ltd., Sony Corporation, TCL, and Toshiba
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Key Questions Answered in This Report:
- How has the Mexico smart TV market performed so far and how will it perform in the coming years?
- What is the impact of COVID 19 on the Mexico smart TV market?
- What is the breakup of the market based on the resolution type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the screen size?
- What is the breakup of the market based on the screen type?
- What is the breakup of the market based on the platform?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the Mexico smart TV market and who are the key players?
- What is the degree of competition in the market?