Summary - A new market study, titled “Global Digital TV Market Analysis & Forecast 2017 To 2023” has been featured on WiseGuyReports.
The digital television has surfaced as a new evolution in the TV industry that offers superior picture and sound quality with minimum transmission bandwidth. It is a digitally encoded format which captures, distributes, and broadcasts the programming across the world. The digital television is integrated with the analog and digital functions in a single design and offers a high-quality viewing experience to their users. The major driving factors identified in this report are high disposable income, increasing affordabilityand increasing market for digital content, whereas privacy concerns and lack of digital infrastructure in the emerging countries pose as a few challenges in this market.
The market by type is segmented into SDTV (Standard-definition television), EDTV (Enhanced-definition television), HDTV (high definition television) and Others. Based on resolution, the market is segmented into 480p (640 x 480), 720p (1280*720), 1080p (1920*1080) and others (4K, 8K). Based onsize, the market is segmented into 11’’-32”, 32’’-42”, 42’’-50” and 50’’-above.
The global digital TV market was valued at USD 90 billion in the year 2016 and is projected to reach USD 218 billion by 2023, growing at a 13.28% CAGR.
Key Players
The key players of Digital TV market are Samsung Group (South Korea), Sony Corporation (Japan), Vizio Inc. (U.S), Haier Group Corporation (China), Hisense Co., Ltd. (China), LG Corporation (South Korea), Koninklijke Philips N.V. (Netherlands), AT&T Inc. (U.S), DISH Network (U.S), Verizon FiOS (U.S), Roku (US), Skyworth (China), TCL (China), Changhong (China), Konka (China), Loewe (EU), Metz (EU), Vestel (EU) and Funai (Japan) and others.
Global Digital TV Market Analysis & Forecast, from 2017 to 2023
- To provide a detailed analysis of the market structure along with forecast of the various segments and sub-segments included in the global digital TV market for the next six years with analysis of its development and demand in the market
- Upcoming technologies, high growth geographies, and countries have been identified
- Regional and country-specific demand and forecast for the digital TV market are studied
- Key market segments covered in the report are type, end-users, and region.
- For all the regions, forecast demand for all applications has been identified, and then with historical figure, data collected through primary and annual reports are triangulated to derive the regional market size
- Historical trends are identified to forecast and estimate the future value data
Target Audience
- Digital TV companies
- Service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
Key Findings
- The global digital TV market was valued at USD 90 billion in the year 2016 and is projected to reach USD 218 billion by 2023 with a growing at 13.28% CAGR during the forecast period 2016-2023.
- By type, the HDTV segment accounts for the largest market share and is projected to grow with 81.08 billion by 2023.
- By resolution, the 42''-50'' segment accounts for the largest market share and is projected to grow with 59.79 billion by 2023.
- By size, the HDTV segment accounts for the largest market share and is projected to grow with 81.08 billion by 2023.
- Geographically, North America region holds the largest market share in global digital TV market followed by Europe and Asia Pacific.
Regional and Country Analysis of Digital TV Market Estimation and Forecast
The regional analysis of digital TV market is done for Asia Pacific, North America, Europe, and the rest of the world. North America accounts for the largest share in digital TV market due to the presence of prominent companies such as Vizio Inc., AT&T Inc., DISH Network, and Verizon FiOS among others. The digital TV market in the European region is expected to witness a rapid growth in the forthcoming period owing to increasing demand for digital content in the region. However, Asia Pacific is expected to register a rapid growth in the forecast period due to the increasing digitization, growing demand for consumer electronics, and adoption of cutting-edge technology, which is aiding the growth of digital TV market in the region.
The reports also cover country-level analysis:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
- Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
- Rest of the World
o The Middle East & Africa
o Latin America
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/3291480-global-digital-tv-market-analysis-forecast-2017-to-2023
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Digital TV MarketDigital 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.
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.
Market Research Future published a research report on “Global Digital TV Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.Market highlights:According to Market Research Future analysis, global digital TV market has been valued at USD ~220 billion by the end of forecast period with ~13% of CAGR during forecast period 2017 to 2023.The digital television is the new evolution in the TV industry that achieve superior picture and sound quality with minimum transmission bandwidth.
It is basically the digitally encoded format which captures, distributes, and broadcasts the programming across the world.
The digital television industry is boosting the increasing demand of TV as it is integrated with the analog and digital functions in a single design.
As well as the multimedia home platform will also drive the applications of Digital TV Market due to growing demand of higher performance digital TV receivers at lower system cost.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/3936Price is the major driving factor of digital TV market.
In the last ten years, the prices of digital TV have reduced by more than 100% making it more affordable.
High integration of technology and mass production with strong supply chain is helping in reducing average price of digital TVs.
Digital TV Market Trends The 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 Trends.
Digital TV market is globally emerging across the world.
The Digital TV consist of Quadrature Phase Shift Keying (QPSK), Quadrature Amplitude Modulation (QAM), or Vestigal Side Band (VSB) modulation techniques.
Digital TV offers the better picture and sound quality to the viewers, and also provide the number of television programming.According to Market Research Future Analysis, Global Digital TV Market has been valued at US $ ~1.3 Billion by the end of forecast period with ~17.3% of CAGR during forecast period 2017 to 2023.Market Research Future (MRFR) recognizes the following companies as the key players in the Digital TV Market: – Samsung Group (South Korea), Sony Corporation (Japan), Vizio Inc. (U.S), Haier Group Corporation (China), Hisense Co., Ltd. (China), Lg Corporation (South Korea), Koninklijke Philips N.V. (Netherlands), At Inc. (U.S), Dish Network (U.S), Verizon Fios (U.S) among others.
The key vendors such as Samsung Group (South Korea), Sony Corporation (Japan), and many more are the major player in this market.
In addition, the technological advancements are expected to provide high opportunities for the market in the coming years.
