Smart TVs

Global Smart TVs Market to Reach US$486.3 Billion by 2030

The global market for Smart TVs estimated at US$304.4 Billion in the year 2024, is expected to reach US$486.3 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2024-2030. Full HD TV, one of the segments analyzed in the report, is expected to record a 8.9% CAGR and reach US$185.7 Billion by the end of the analysis period. Growth in the HD TV segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$78.3 Billion While China is Forecast to Grow at 12.1% CAGR

The Smart TVs market in the U.S. is estimated at US$78.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$123.2 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Global Smart TVs Market - Key Trends and Drivers Summarized

The television industry has undergone a significant transformation with the advent of Smart TVs, fundamentally reshaping how content is consumed. Smart TVs offer a plethora of on-demand services and interactive features, moving beyond traditional television sets to connected devices that enhance the viewer experience through sophisticated user interfaces (UI) and improved user experience (UX) designs. Features such as voice search, AI-driven content recommendations, and gesture recognition have simplified content discovery and tailored viewing experiences to individual preferences. These innovations have made Smart TVs an essential part of modern entertainment, providing a personalized and interactive platform for accessing favorite shows and movies.

Innovative control options and AI technology have further enhanced the functionality of Smart TVs, integrating seamlessly with other smart home devices and improving accessibility for users with physical limitations. Voice and gesture recognition technologies offer hands-free operation, making it easier for users to interact with their devices. AI-driven content recommendation systems analyze viewing habits to customize suggestions, increasing user satisfaction and engagement. Additionally, the advanced infrastructure of Smart TVs, including content delivery networks and adaptive bitrate streaming, ensures high-quality viewing experiences regardless of internet speed. This optimization is crucial for maintaining service quality across diverse geographical locations and improving the effectiveness of targeted advertising by making ads more relevant and engaging.

Several key factors drive the growth of the Smart TV market. Integration with smart home systems allows Smart TVs to serve as central control units, enhancing their appeal among tech-savvy consumers. Continuous advancements in display technology, such as OLED and QLED, offer superior picture quality, attracting consumers who prioritize high-quality visuals. The growing preference for streaming services like Netflix, Hulu, and Amazon Prime, facilitated by Smart TVs` built-in streaming capabilities, is another significant driver. Voice control features powered by AI, including Amazon Alexa, Google Assistant, and Apple Siri, add convenience and appeal. Enhanced connectivity options, such as support for WiFi, Bluetooth, and multiple HDMI ports, enable seamless integration with various devices, making Smart TVs an all-in-one entertainment solution. These technological advancements and shifts in consumer behavior are pivotal in driving the adoption of Smart TVs, positioning them as integral components of modern digital homes.

SCOPE OF STUDY:

The report analyzes the Smart TVs market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Resolution Type (Full HD TV, HD TV, 4K UHD TV, 8K TV); Technology (LED, OLED, QLED, Other Technologies); End-Use (Residential, Commercial)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 53 Featured) -

• Guangdong Changhong Electronics Co. Ltd.
• Haier Group
• Hitachi Ltd.
• Koninklijke Philips N.V.
• Konka
• LeEco
• LG Electronics
• Panasonic Corp.
• Samsung Electronics Co., Ltd.
• Sharp Corporation
• Sony Corporation
• TCL Multimedia Technology Holdings Ltd.
• Toshiba Corporation
• Videocon Industries Ltd.
• VIZIO

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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