A new market study, titled “Smartphone TV Market” has been featured on Market Research Future. The study reveals that Smartphone TV market growth is attributed to factors such as surging use of Smartphone’s among the people across the world. The market has been studied segmentation wise over various segments of usage and service. The market has encountered significant development over the recent years and is anticipated to grow tremendously over the assessment period. Now the market is predicted to achieve more valuation by the end of 2023, registering an exponential CAGR between the years 2019 and 2023.
The Smart TVs market has practiced an outstanding interest from the Smartphone manufacturers in recent times. The major Smartphone brands such as Micromax, Xiaomi, and OnePlus are set to interrupt the smart television space, which has so far been led by electronics giants such as Sony and Samsung. This factor has been attributed to be the most influential one to motivate the market during the forecast period.
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Leading Market Players:
The well-known players in Smartphone TV market are included Comcast Corporation (U.S.), AT&T, Inc. (U.S.), Sky PLC (U.K.), MobiTV, Inc. (U.S.), Verizon Communications, Inc. (U.S.), Charter Communications (U.S.), Orange S.A. (France), Bell Canada (Canada), Consolidated Communications, Inc. (U.S.) and Bharti Airtel Limited (India).
Smartphone TV Market segmented by Service:
Pay-TV Services: Pay-TV services lead the market and are anticipated to expand at the highest rate during the forecast period.
Free-to-air Services: The free-to-air service segment might witness a decline in market share owing to rising consumer preference for premium video content or TV channels.
The approval of innovative technologies, such as Quantum dot LEDs (QLEDs), crossways the Ultra-high-definition (UHD) in 4K Smartphone TVs, is anticipated to fuel the demand over the assessment period. Countries like China and India are the key markets for Smartphone TV Market in the APAC region. The market growth in this region will be faster than the growth of the market in other geographies.
The surging net disposable income of consumers has been a significant factor for continued demand in the region. Europe, Asia, North America, and the Rest of the World (ROW) are the regions studied for understanding the dynamics of the global smart TV market. Asia-Pacific is the leading market for smart TVs, and it is anticipated to continue its lead over the assessment period, owing to rising demand for smart TVs by end-users, and the emerging economies of China, India, and South Korea.
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Smart TVs have become the norm these days.
With the COVID-19 pandemic having locked people inside their homes for extended periods of time, people have no other option but to look towards TVs for entertainment & picking up old hobbies.Smart TVs have really saved the day here.
With internet-integration features & support for OTT streaming apps, Smart TVs have provided the bulk of entertainment for people stuck inside their homes for about a few months now.Reference : https://www.shinco.in/article/shinco-32-inches-smart-tv-with-certified-apps/
