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July 23, 2021, 5:47 a.m. EDT

Smart TV Market Size 2021, share, Industry Growing Rapidly with Recent Demand, Trends, Development, Revenue and Forecast to 2023

Smart TV Market Growth 2021-2023 Global Industry research report presents you analysis of market size, share, and growth, trends, and cost structure, statistical and comprehensive data of the global market. Smart TV Market Report will add the analysis of the impact of COVID-19 on this industry.

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Jul 23, 2021 (The Expresswire) -- Global " Smart TV Market " (2021-2023) examines the effect of different Factors affecting the market development and drivers, further reveals insight into market outline, key producers, key received by them, size, most recent patterns and types, income, net edge with provincial investigation and conjecture. This report likewise contemplates the worldwide Smart TV market status, rivalry scene, market share, development rate, future patterns, market drivers, openings and difficulties, deals channels and wholesalers. Territorially, this report orders the creation, clear utilization, fare and import of Smart TV in North America, Europe, China, Japan, Southeast Asia and India.

Get a sample PDF of the report at - https://www.researchreportsworld.com/enquiry/request-sample/13104639

List of TOP KEY PLAYERS in Smart TV Market Report are -

● LG Electronics Inc. Samsung Electronics Co. Ltd Sony Corporation Panasonic Corporation Vizio Inc. Apple Inc. Hisense Group Co. Ltd Koninklijke Philips NV TCL Corporation Insignia Systems Inc. Haier Group Corporation Hitachi Ltd Westinghouse Electric Corporation

"Final Report will add the analysis of the impact of COVID-19 on the In Memory Computing industry."

COVID-19 Impact on Market:

The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

TO KNOW HOW COVID-19 PANDEMIC WILL IMPACT Smart TV MARKET/INDUSTRY- REQUEST A SAMPLE COPY OF THE REPORT - https://www.researchreportsworld.com/enquiry/request-covid19/13104639

The global smart TV market is expected to register a CAGR of over 16.52%, during the forecast period of 2018- 2023. The report profiles the smart TVs by resolution and panel, with the integration of advanced technologies of each segment.

The smart television technology landscape has witnessed significant changes and improvements, with the emergence of a plethora of technologies, ranging from OLEDs to QLEDs, HD to Ultra HD (UHD), and webOS to Android OS, thus creating the demand for a platform that enables simplified decision-making, for the adoption of technologies across multiple domains. With the proliferation of the internet in TV, users can now watch what they want, when they want, and however they want.

Resolution has been the main focus of improvement, over the years, thus resulting in a shift from HD (720p with a resolution of 1280×720) to UHD (4K with a resolution of 4096×2160). 4K smart televisions have gained traction, especially due to their declining prices. As per the Consumer Technology Association (CTA), the sale of 4K smart televisions is outpacing that of HDTVs.

4K Type Expected to Record Significant Growth

Currently, ultra-high definition (UHD or 4K) is now effectively the standard resolution for TVs larger than 40 inches. In Consumer Electronics Show (CES) 2018, the industry witnessed a glimpse of the next step to 8K, as a proof-of-concept of the higher resolution.

Though 4K has already hit the market, it is available in two versions - 3840 x 2160 (UHD) and 4096 × 2160 (4K). The difference between 4K and UHD is that UHD, with a resolution of 3840×2160, has a resolution twice that of Full HD and thrice that of HD. On the other hand, true 4K has the resolution of 4096×2160, which is primarily used in digital cinemas. Therefore, rather being simply 4x of Full HD, 4K derives its name from measuring 4000+ pixels on its longest side.

North America Expected to Account for the Largest Share in Smart TV Market

The advancement of new display technologies, such as QLED and OLED, across North America, has led to a decline in LCD panel manufacturing. On the other hand, the advancements are fueling the smart TV market, with upgraded QLED technology that enhances the color accuracy and produce brighter colors with larger volume.

Several regional players are focusing on expanding their worldwide presence, to gain market shares. The industry has been witnessing intense rivalry among the premium segments, as players have exhibited an eagerness toward integrating and promoting UHD screens. Some of the major players of the region include - LG Electronics Inc., Panasonic Corporation, Hisense Group Co. Ltd, Samsung Electronics Co. Ltd, Sony Corporation, and Koninklijke Philips NV.

Key Developments in the Smart TV Market

Aug 2018 - LG Electronics announced that is poised to define the future of artificial intelligence for consumers and businesses, in the years ahead, with the establishment of a major new AI research center in North America, in collaboration with leaders in the academia and startup domains.

May 2018 - Sony Corporation released the ECX339A OLED Micro-display featuring UXGA (1600 x 1200 resolution), the highest in class for a 0.5-type product. This product achieves the world's smallest pixel pitch of 6.3 μm, by leveraging Sony's OLED display technology and miniaturization technology, thus enabling a resolution that is 1.6x higher than the previous model.

Smart TV Market Major players:

LG Electronics Inc.

Samsung Electronics Co. Ltd

Sony Corporation

Panasonic Corporation

Vizio Inc.

Apple Inc.

Hisense Group Co. Ltd

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