The Latin America, Middle East and Africa Smart TV Market would witness market growth of 9.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 40,724.7 thousand units, showcasing a growth of 11.4% (2023-2030).
App stores, comparable to those available on mobile phones like smartphones and tablets, are a feature of smart televisions. They offer extensive applications for direct download and installation on the smart TV. Streaming platforms like Facebook and Twitter, news applications, and video streaming platforms like Hulu and Netflix are among the most widely used applications in smart TV app stores. App stores for smart TVs also provide an extensive selection of supplementary content, such as educational applications, weather applications, and diversions. The app store lets users easily personalize their fitness, social media, entertainment, and gaming experiences. Time and effort can be significantly conserved by installing and downloading applications in a manner that is more tailored to user-specific requirements and preferences.
In addition, smart TVs are equipped with voice control, enabling consumers to communicate with the television without needing a remote. Users can search for content, navigate between channels, pause, and rewind the content as required. Smart televisions that support voice control can also operate alongside additional smart home appliances. This allows consumers to control the thermostat, dim the lighting, and more with their voice.
In terms of subscriber count, Latin America is among the most significant regions for content titans. Brazil stands out as a pivotal nation in terms of subscriber count. Leading OTT and VOD providers are increasingly focusing on LAMEA. Therefore, the regional smart TV market's expansion is propelled by the increasing popularity of streaming platforms as well as the growing internet connectivity.
The Brazil market dominated the LAMEA Smart TV Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,420.3 million by 2030. The Argentina market is showcasing a CAGR of 10.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Smart TV Market is Projected to reach USD 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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