The Europe Smart TV Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 54,163.1 thousand units, showcasing a growth of 7.7% (2019-2022).
Smart TV voice control is enabled by sophisticated artificial intelligence technology that allows the television to comprehend natural language and provide conversational responses to commands. This functionality will enable users to converse with their television as if conversing with someone, making it an exceptionally intuitive and user-friendly feature of smart TVs. In general, voice command is an efficient smart TV function that significantly enhances users' convenience of smart TV usage. Users can enjoy a comfortable, user-friendly, hands-free entertainment experience by simply speaking commands on their TV and other devices.
Smart TVs with internet connectivity grant users access to diverse online content, including sports, news, and social media platforms, alongside streaming services. This enables users to remain informed about current affairs and news without navigating multiple devices. Numerous smart TV producers have also developed application stores, allowing users to acquire and install various productivity tools and games.
The amalgamation of the digital gadgets segment and the internet fundamentally transforms how users interact and engage. The technological obstacle posed by linear transmission has been surmounted with the introduction of the internet, allowing television companies to repackage their linear programs as nonlinear. As a result, the expansion of the smart TV market in the region is propelled by the rising internet usage rate.
The Germany market dominated the Europe Smart TV Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $19,688.3 million by 2030. The UK market is exhibiting a CAGR of 6.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.2% during (2023 - 2030).
Based on Screen Type, the market is segmented into Flat, and Curved. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Resolution, the market is segmented into HDTV, Full HDTV, 4K UHD, and Others. Based on Screen Size, the market is segmented into 46 to 55 inches, 32 to 45 Inches, 56 to 65 Inches, Below 32 Inches, and Above 65 Inches. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart TV Market will Hit $353.3 Billion by 2030, at a CAGR of 7.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Haier Smart Home Co., Ltd. (Haier Group Corporation), Xiaomi Corporation, LG Electronics, Inc. (LG Corporation), Panasonic Holdings Corporation, Samsung Electronics Co. Ltd. (Samsung Group), Sony Corporation, Toshiba Corporation, Hisense International Co., Ltd., Koninklijke Philips N.V., Intex Technologies
By Screen Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Resolution (Volume, Thousand Units, USD Billion, 2019-2030)
By Screen Size (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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