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Smart TV Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global smart TV market reached a value of US$ 183.6 Billion in 2019. Smart televisions (TVs), also known as connected TVs, are integrated with internet connectivity, which assists in providing a wide range of features, such as on-demand content from different applications, access to streaming services, and the capability of connecting with other wireless devices. They can also receive cable, satellite or over the air (OTA) transmission passively. Besides this, smart TVs have extra hardware and connections, along with a TV operating system and a graphical user interface (GUI). These adaptations help viewers in accessing and controlling features of the connected devices and streaming content from internet video services.

Global Smart TV Market

Owing to rapid urbanization, inflating income levels and the easy availability of high-speed internet, there is an increase in the consumers’ spending on online video streaming channels, such as YouTube Premium, Netflix, Hulu, Vimeo and Amazon Prime Video. In line with this, as smart TVs can wirelessly connect to input devices, such as keyboards, mouses, smartphones and tablets, for enhancing usability and enabling text entry, navigation and internet browsing, their demand is increasing across the globe. Furthermore, some of the leading smartphone manufacturers, such as Xiaomi, Micromax and OnePlus, are taking a notable interest in smart TVs. As a result, they are focusing on entering the smart TV market, which has been dominated by electronics giants like Sony and Samsung for several years. Apart from this, the adoption of 4K resolution TV sets, in confluence with technological advancements in the industry are also anticipated to bolster the market growth in the upcoming years. Owing to these factors, IMARC Group expects the market value to reach US$ 321.6 Billion by 2025, at a CAGR of 8.8% during the forecast period (2020-2025).

Breakup by Resolution Type:

  • 4K UHD TV
  • HD TV
  • Full HD TV
  • 8K TV

 

Breakup by Screen Size:

  • Below 32 Inches
  • 32 to 45 Inches
  • 46 to 55 Inches
  • 56 to 65 Inches
  • Above 65 Inches


The 46 to 55 inches segment exhibits a clear dominance in the market.

Breakup by Screen Type:

  • Flat
  • Curved


Flat-screen TVs currently hold the largest market share.

Breakup by Technology:

  • Liquid Crystal Display (LCD)
  • Light Emitting Diode (LED)
  • Organic Light Emitting Diode (OLED)
  • Quantum Dot Light Emitting Diode (QLED)


Amongst these, LED accounts for the majority of the total market share.

Breakup by Platform:

  • Android
  • Roku
  • WebOS
  • Tizen OS
  • iOS
  • MyHomeScreen
  • Others


At present, Android dominates the market, holding the largest market share.

Breakup by Distribution Channel:

  • Offline
  • Online


The offline segment represents the most popular distribution channel.

Breakup by Application:

  • Residential
  • Commercial


The residential sector accounts for the majority of the global market share.

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America


On the geographical front, Asia Pacific enjoys the leading position in the market.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:

  • LG Electronics, Inc.
  • Samsung Electronics Co. Ltd.
  • Sony Corporation
  • Panasonic Corporation
  • Vizio Inc.
  • Apple Inc.
  • Hisense Group Co. Ltd.
  • Koninklijke Philips NV
  • TCL Corporation
  • Insignia Systems Inc.
  • Haier Group Corporation
  • Hitachi Ltd.
  • Westinghouse Electric Corporation

Key Questions Answered in This Report:

  • How has the global smart TV market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the industry?
  • What are the major resolution types in the industry?
  • What are the popular screen sizes in the industry?
  • What are the key screen types in the industry?
  • What are the major technologies in the industry?
  • What are the popular platforms in the industry?
  • What are the key distribution channels in the industry?
  • What are the major applications in the industry?
  • What are the various stages in the value chain of the global smart TV industry?
  • What are the key driving factors and challenges in the global smart TV industry?
  • What is the structure of the global smart TV industry and who are the key players?
  • What is the degree of competition in the global smart TV industry?
  • How are smart TVs manufactured?

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Smart TV Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Resolution Type
    5.4    Market Breakup by Screen Size 
    5.5    Market Breakup by Screen Type
    5.6    Market Breakup by Technology
    5.7    Market Breakup by Platform
    5.8    Market Breakup by Distribution Channel
    5.9    Market Breakup by Application
    5.10    Market Breakup by Region
    5.11    Market Forecast
    5.12    SWOT Analysis
        5.12.1    Overview
        5.12.2    Strengths
        5.12.3    Weaknesses
        5.12.4    Opportunities
        5.12.5    Threats
    5.13    Value Chain Analysis
        5.13.1    Overview
        5.13.2    Research and Development
        5.13.3    Raw Material Procurement
        5.13.4    Manufacturing
        5.13.5    Marketing
        5.13.6    Distribution
        5.13.7    Exports
        5.13.8    End-User
    5.14    Porters Five Forces Analysis
        5.14.1    Overview
        5.14.2    Bargaining Power of Buyers
        5.14.3    Bargaining Power of Suppliers
        5.14.4    Degree of Competition
        5.14.5    Threat of New Entrants
        5.14.6    Threat of Substitutes
    5.15    Price Analysis
6   Market Breakup by Resolution Type 
    6.1    4K UHD TV 
    6.2    HD TV 
    6.3    Full HD TV 
    6.4    8K TV 
7   Market Breakup by Screen Size
    7.1    Below 32 Inches
    7.2    32 to 45 Inches
    7.3    46 to 55 Inches
    7.4    56 to 65 Inches
    7.5    Above 65 Inches
8   Market Breakup by Screen Type
    8.1    Flat
    8.2    Curved 
9   Market Breakup by Technology
    9.1    LCD (Liquid Crystal Display)
    9.2    LED (Light Emitting Diode) 
    9.3    OLED (Organic Light Emitting Diode) 
    9.4    QLED (Quantum Dot Light Emitting Diode) 
10  Market Breakup by Platform
    10.1    Android 
    10.2    Roku 
    10.3    WebOS  
    10.4    Tizen OS 
    10.5    iOS 
    10.6    MyHomeScreen
    10.7    Others
11  Market Breakup by Distribution Channel 
    11.1    Offline
    11.2    Online
12  Market Breakup by Application
    12.1    Residential
    12.2    Commercial
13  Market Breakup by Region
    13.1    Asia Pacific
    13.2    Europe
    13.3    North America
    13.4    Middle East and Africa
    13.5    Latin America
14  Smart TV Manufacturing Process
    14.1    Product Overview
    14.2    Raw Material Requirements
    14.3    Manufacturing Process
    14.4    Key Success and Risk Factors
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1   Apple Inc. 
        15.3.2   Ltd Haier Group Corporation 
        15.3.3   Hisense Group Co. Ltd
        15.3.4   Hitachi Ltd 
        15.3.5   Insignia Systems Inc.  
        15.3.6   Koninklijke Philips NV
        15.3.7   LG Electronics Inc. 
        15.3.8   Panasonic Corporation
        15.3.9   Samsung Electronics Co. 
        15.3.10 Sony Corporation  
        15.3.11 TCL Corporation
        15.3.12 Vizio Inc.  
        15.3.13 Westinghouse Electric Corporation  

 

List of Figures

Figure 1: Global: Smart TV Market: Major Drivers and Challenges
Figure 2: Global: Smart TV Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Smart TV Market: Breakup by Resolution Type (in %), 2019
Figure 4: Global: Smart TV Market: Breakup by Screen Size (in %), 2019
Figure 5: Global: Smart TV Market: Breakup by Screen Type (in %), 2019
Figure 6: Global: Smart TV Market: Breakup by Technology (in %), 2019
Figure 7: Global: Smart TV Market: Breakup by Platform (in %), 2019
Figure 8: Global: Smart TV Market: Breakup by Distribution Channel (in %), 2019
Figure 9: Global: Smart TV Market: Breakup by Application (in %), 2019
Figure 10: Global: Smart TV Market: Breakup by Region (in %), 2019
Figure 11: Global: Smart TV Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 12: Global: Smart TV Industry: SWOT Analysis
Figure 13: Global: Smart TV Industry: Value Chain Analysis
Figure 14: Global: Smart TV Industry: Porter’s Five Forces Analysis
Figure 15: Global: Smart TV (4K UHD TV) Market: Sales Value (in Million US$), 2014-2019
Figure 16: Global: Smart TV (HD TV) Market: Sales Value (in Million US$), 2014-2019
Figure 17: Global: Smart TV (Full HD TV) Market: Sales Value (in Million US$), 2014-2019
Figure 18: Global: Smart TV (8K TV) Market: Sales Value (in Million US$), 2014-2019
Figure 19: Global: Smart TV (Below 32 Inches) Market: Sales Value (in Million US$), 2014-2019
Figure 20: Global: Smart TV (32 to 45 Inches) Market: Sales Value (in Million US$), 2014-2019
Figure 21: Global: Smart TV (46 to 55 Inches) Market: Sales Value (in Million US$), 2014-2019
Figure 22: Global: Smart TV (56 to 65 Inches) Market: Sales Value (in Million US$), 2014-2019
Figure 23: Global: Smart TV (Above 65 Inches) Market: Sales Value (in Million US$), 2014-2019
Figure 24: Global: Smart TV (Flat) Market: Sales Value (in Million US$), 2014-2019
Figure 25: Global: Smart TV (Curved) Market: Sales Value (in Million US$), 2014-2019
Figure 26: Global: Smart TV (LCD) Market: Sales Value (in Million US$), 2014-2019
Figure 27: Global: Smart TV (LED) Market: Sales Value (in Million US$), 2014-2019
Figure 28: Global: Smart TV (OLED) Market: Sales Value (in Million US$), 2014-2019
Figure 29: Global: Smart TV (QLED) Market: Sales Value (in Million US$), 2014-2019
Figure 30: Global: Smart TV (Android) Market: Sales Value (in Million US$), 2014-2019
Figure 31: Global: Smart TV (Roku) Market: Sales Value (in Million US$), 2014-2019
Figure 32: Global: Smart TV (WebOS) Market: Sales Value (in Million US$), 2014-2019
Figure 33: Global: Smart TV (Tizen OS) Market: Sales Value (in Million US$), 2014-2019
Figure 34: Global: Smart TV (iOS) Market: Sales Value (in Million US$), 2014-2019
Figure 35: Global: Smart TV (MyHomeScreen) Market: Sales Value (in Million US$), 2014-2019
Figure 36: Global: Smart TV (Other Platforms) Market: Sales Value (in Million US$), 2014-2019
Figure 37: Global: Smart TV Market: Offline Sales (in Million US$), 2014-2019
Figure 38: Global: Smart TV Market: Online Sales (in Million US$), 2014-2019
Figure 39: Global: Smart TV (Residential) Market: Sales Value (in Million US$), 2014-2019
Figure 40: Global: Smart TV (Commercial) Market: Sales Value (in Million US$), 2014-2019
Figure 41: Asia Pacific: Smart TV Market: Sales Value (in Million US$), 2014-2019
Figure 42: Europe: Smart TV Market: Sales Value (in Million US$), 2014-2019
Figure 43: North America: Smart TV Market: Sales Value (in Million US$), 2014-2019
Figure 44: Middle East and Africa: Smart TV Market: Sales Value (in Million US$), 2014-2019
Figure 45: Latin America: Smart TV Market: Sales Value (in Million US$), 2014-2019
Figure 46: Smart TV Manufacturing: Detailed Process Flow

 

List of Tables

Table 1: Global: Smart TV Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Smart TV Market: Breakup by Resolution Type (in Million US$), 2014-2019
Table 3: Global: Smart TV Market: Breakup by Screen Size (in Million US$), 2014-2019
Table 4: Global: Smart TV Market: Breakup by Screen Type (in Million US$), 2014-2019
Table 5: Global: Smart TV Market: Breakup by Technology (in Million US$), 2014-2019
Table 6: Global: Smart TV Market: Breakup by Distribution Channel (in Million US$), 2014-2019
Table 7: Global: Smart TV Market: Breakup by Application (in Million US$), 2014-2019
Table 8: Global: Smart TV Market: Breakup by Region (in Million US$), 2014-2019
Table 9: Global: Smart TV Market: Competitive Structure
Table 10: Global: Smart TV Market: Key Players

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