The North America Smart TV Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 69,580.9 Quintal, showcasing a growth of 7.4% (2019-2022).
Smart televisions (TVs), or connected TVs, have built-in internet connectivity. This feature provides users with the capacity to access streaming platforms, establish connections with different wireless devices, and retrieve on-demand content from a variety of applications. Passive reception of satellite, cable, or over-the-air (OTA) broadcasting is also possible. Smart televisions comprise graphical user interfaces (GUIs), operating systems, and supplementary hardware and connections. By utilizing these modifications, audiences can manage and access components of connected devices and stream content from online video platforms.
Manufacturers of smart TVs are competing for the most recent advancements in user interface, content accumulation, and application development in anticipation of the 4th industry generation. For instance, some smart TVs have an operating system capable of running widgets and applications and streaming videos and music. Smart televisions provide connectivity and many advanced computing capabilities integrated with uniform internet capabilities. These televisions enable users to perform content searches, chats, browsing, sharing, downloading, and updates. Smart TV manufacturers are expected to prioritize experience design in the coming five years.
In this region, larger television displays have been in high demand. Consumers able incomes among consumers have increased, so have smart TVs. The emergence of rapid fashion, shifting consumer preferences, and a boost in disposable income have all contributed to the demand for these items. Thus, the expansion of the smart TV market in the region is growing because of the rising disposable income of its citizens.
The US market dominated the North America Smart TV Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $66,673.2 million by 2030. The Canada market is experiencing a CAGR of 9.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Smart TV Market is Predict to reach $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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