Digital TV is a way of receiving a television signal in a digital format which allows TV companies to broadcast a higher definition picture, better quality sound, and a wider range of channels than ever before. Additionally, digital TV has many other advantages over its analog predecessor, such as the interactive nature of the service.
Digital Television allows users to easily access the information by entering menus and interacting with their television. In addition to this, viewers can also listen to radio channels and even watch archived programs via digital ‘on-demand’ services. More advanced digital TV services also allow users to access the Internet via the television set.
Due to the augmenting demand for digital content, over the past couple of years, the global digital TV market is growing at a rapid pace. Moreover, technological innovations that changed the perception of TV viewing and advancements in connectivity technologies are escalating the market on the global platform.
Considering the rapid growth that the market is witnessing currently, Market Research Future (MRFR) in its recently published study analysis, asserts that the already booming global Digital TV market would garner exponential accruals by 2023, registering an impressive CAGR throughout the forecast period 2017–2023.
The growing consumer electronics market is a key driving force behind the growth of the market. The consumer electronics industry is majorly based on the research findings about the consumers’ likings, and emerging countries shows an exceptional thirst for the adoption of new technologies & products.
On the flip side, privacy & security concern is one of the key factors impeding the growth of the digital TV market. Digital TVs are capable of streaming content from the Internet, which makes it vulnerable. As digital televisions are becoming part of the information grid, the concern regarding security and privacy is also increasing and along with it are growing the numbers of cases against cybercrimes.
Global Digital TV Market — Segments
For the convenience of understanding, the report is segmented into four key dynamics;
By Type : HDTV, EDTV, and SDTV.
By Resolutions : 720p, 1080p, and 4K among others.
By Size : 11”- 32”, 33’’-42”, 44’’- 50’’, and more.
By Region : Europe, North America, Asia Pacific, and the Rest-of-the-World.
Global Digital TV Market — Regional Analysis
North America, heading with the high impact of technological advancement, is expected to retain its dominance over the global digital TV market throughout the forecast period. Additional factors such as the availability of digital content and economies of scale alongside the early adoption of digital technology boost the growth of the regional market.
The US, among other North American countries, contributes largely to the overall growth of the regional market. Furthermore, the emergence of new technological solutions, augmenting demand for digital televisions and sharper picture quality, and increasing sale of televisions in this region are some of the major factors boosting the highest revenue growth in the digital TV market in North America.
The digital TV market in Europe accounts for the second-largest market, globally. The region had acquired around 29% of the market share in 2016. Technological advancements and the presence of some of the key market players in the region are key some of the driving forces behind the growth of the regional market. Indeed, the resurging economy in the region is playing a causal role in driving the demand in the market, increasing consumers’ purchasing power.
Major Players:
Some of the players leading the digital TV market include Sony Corporation (Japan), Samsung Group (South Korea), Vizio Inc. (US), Hisense Co., Ltd. (China), Haier Group Corporation (China), LG Corporation (South Korea), AT&T Inc. (US), Koninklijke Philips N.V. (Netherlands), DISH Network (US), Roku (US), Verizon FiOS (US), Skyworth (China), Changhong (China), TCL (China),Konka (China), Metz (EU), Loewe (Eu), Funai (Japan), and Vestel (EU) among others.
More Information@ https://www.marketresearchfuture.com/reports/digital-tv-market-3936
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Global Digital TV Market Research Report: Information by Type (SDTV, EDTV, HDTV and others), Resolution (480p (640 x 480), 720p (1280*720), 1080p (1920*1080), Others (4K)), Size (11'’-32'’, 32'’-42'’, 42'’-50'’ and 50'’ & above) and Region (North America, Europe, Asia-Pacific and the Rest of the World (ROW)) - Forecast till 2023Digital TV MarketThe study reveals that digital TV is trending in North America region.
The digital TV is gaining demand in the market is due to increase in consumer electronics and automation across various organizations.
Europe market is owing to major Digital TV manufacturing companies based out here in 2016.
For the consumer electronics industry, the digitally encoded TV could provide new services, including Web access via TV.The digital television industry is booming currently, and soon it will replace completely terrestrial broadcasts.
The move to HDTV in the United States has driven the demand for televisions which have high-resolution displays, and the digital cable boxes will be replaced by cable ready high-definition televisions.
There is also a HD television mandatory in some Asian countries including Japan since their digital terrestrial signal mandates high definition density broadcasts.The digitization of television signals has expanded the capacity of the modern transmission technology.
Digital TV Global Market - OverviewThe Global Digital TV market is growing with the rapid pace; mainly due to the advent of automation and high adoption of internet of things in automotive industry.
According to a recent study report published by the Market Research Future, the global market of Digital TV is booming and expected to gain importance over the forecast period.
The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).The digital television is the new evolution in the TV industry that achieve superior picture and sound quality with minimum transmission bandwidth.
The major driving factor identified in this report are high disposable income around, pricing and increasing market of digital content whereas major challenges to this market are privacy and lack of digital infrastructure in the emerging countries.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/3936Digital TV Market is expected to witness rapid growth in the upcoming years.
Increasing disposable income and in Asian countries majorly in China and India is expected to drive the global market.
Also, rich supply chain and integration of analog and digital components in the digital TVs gives superior viewing experience which is expected to drive the overall market.
Digital TV MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Digital TV Market.
The growth sectors of the Digital TV Market are identified with precision for a better growth perspective.The study reveals that the digital television is trending in North America region.
The global Digital television market is expected to witness a high growth in the coming years.
Moreover, Digital TV has replaced the existing versions of televisions in the electronics appliances, which is integrated with network boxes and servers.The study indicates that the extra channels, converged communications, enhanced interactivity and mobility are the driving factor of digital television market.
However, the switchover from analog broadcasting to digital broadcasting, the growth of new media platforms as sources of news, and the digital TV systems can offer access to the Internet and WWW has driven the digital TV market.The Digital TV Market is growing rapidly over 17.3% of CAGR and is expected to reach at USD $~1.3 Billion by the end of forecast period.Digital TV Market SegmentationThe Digital television Market has been segmented on the basis of type, resolution, size, and region.
The Digital television market is highly centralized by owing to the presence of many small regional suppliers and large multinational vendors.
