Dublin, Feb. 25, 2025 (GLOBE NEWSWIRE) — The “Smart TV Market Analysis by Resolution Type, Screen Size, Screen Type, Technology, Platform, Distribution Channel, Application, and Region 2025-2033” report has been added to ResearchAndMarkets.com’s offering.

The global smart TV market size reached USD 290.7 Billion in 2024. Looking forward, the market is forecast to reach USD 475 Billion by 2033, exhibiting a growth rate (CAGR) of 5.56% during 2025-2033. The growing demand for connected and interactive entertainment experiences, rising convergence of devices to eliminate the need for separate devices, and increasing penetration of the internet represent some of the key factors propelling the market.

At present, the increasing demand for connected and interactive entertainment experiences is supporting the growth of the market. In addition, smart TVs offer a range of features and capabilities beyond traditional television, including internet connectivity, apps, and content customization, which is strengthening the growth of the market. Moreover, the growing popularity of streaming services, which provide access to a vast library of on-demand content, is positively influencing the market.

Apart from this, there is a rise in the demand for smart TVs, as they can serve as a hub for controlling and connecting various smart home devices, such as voice assistants, smart speakers, thermostats, and security systems, around the world. This, along with the escalating demand for smart TVs that offer gaming features and support popular gaming platforms or game streaming services, is propelling the growth of the market.

Smart TV Market Trends/Drivers

• Growing internet penetration positively influencing the market
• Convergence of devices propelling market growth
• Technological advancements in smart TVs stimulating market growth

Smart TV Industry Segmentation

This report provides an analysis of the key trends in each segment of the global smart TV market report, along with forecasts at the global and regional levels from 2025-2033. The report has categorized the market based on resolution type, screen size, screen type, technology, platform, distribution channel, and application.

Breakup by Resolution Type

The report has provided a detailed breakup and analysis of the market based on the resolution type. This includes 4K UHD TV, HD TV, full HD TV, and 8K TV. According to the report, 4K UHD TV represented the largest segment, as it offers a significantly higher resolution compared to traditional full HD TV. With a resolution of 3840 x 2160 pixels, 4K UHD TV provides enhanced pixels, resulting in sharper and more detailed images. This higher resolution improves the viewing experience, especially for larger screen sizes or when sitting closer to the TV.

Along with higher resolution, 4K UHD TVs often incorporate advanced display technologies like high dynamic range (HDR) and wide color gamut (WCG). HDR enables a broader range of colors and increased contrast, resulting in more vibrant and lifelike images, whereas WCG expands the color palette, providing more accurate and vivid colors. These enhancements contribute to a more immersive and visually appealing viewing experience.

Breakup by Screen Size

A detailed breakup and analysis of the market based on the screen size has also been provided in the report. This includes below 32 inches, 32 to 45 inches, 46 to 55 inches, 56 to 65 inches, and above 65 inches. According to the report, 32 to 45 inches accounted for the largest market share as smart TVs in the 35 to 42 inches range often offer a good balance between features and price. They are generally more affordable compared to larger-sized TVs, making them an attractive option for budget-conscious consumers.

Moreover, TVs in this size range are considered suitable for average-sized living rooms or bedrooms. They provide a balanced viewing experience, neither too small nor too large, making them popular among consumers. Besides this, TVs in this size range are more likely to fit comfortably within smaller rooms or apartments, making them a practical choice.

Breakup by Screen Type

A detailed breakup and analysis of the market based on the screen type has also been provided in the report. This includes flat and curved. According to the report, flat accounted for the largest market share as flat-screen TVs have a sleek and slim profile compared to older bulky cathode ray tube (CRT) televisions. This allows them to be easily mounted on walls or placed on stands, saving valuable space in a room.

They also offer improved picture quality with high-resolution displays (HD), such as 4K and even 8K. These TVs provide sharper and more detailed images, vibrant colors, and better contrast, enhancing the overall viewing experience. Moreover, flat-screen TVs have better viewing angles compared to older TVs. This means that viewers can enjoy a clear picture quality even when watching from different positions or angles in the room.

Breakup by Technology

A detailed breakup and analysis of the market based on the technology has also been provided in the report. This includes LCD (liquid crystal display), LED (light emitting diode), OLED (organic light emitting diode), and QLED (quantum dot light emitting diode). According to the report, LED (light emitting diode) accounted for the largest market share as this technology provides vibrant colors, high contrast ratios, and enhanced image clarity. LED backlights offer better brightness and color accuracy compared to older technologies like LCD TVs.

LEDs are thinner and lighter as compared to older TV models, making them easier to mount on walls or move around. Their slim profiles also add a modern and sleek aesthetic to any room. Moreover, they consume less power, reducing electricity bills and environmental impact. In addition, they come with multiple connectivity options, including HDMI, USB, Wi-Fi, and Bluetooth. This allows users to connect various devices such as gaming consoles, sound systems, media players, and smartphones, enhancing the overall entertainment experience.

Breakup by Platform

A detailed breakup and analysis of the market based on the platform has also been provided in the report. This includes android, roku, webOS, tizen OS, iOS, MyHomeScreen, and others. According to the report, android accounted for the largest market share due to the availability of different options of android smart TVs in terms of size, features, and price that makes it easier for consumers to find a TV that fits their requirements and budget.

Moreover, android smart TVs typically receive regular software updates, ensuring access to the latest features, security patches, and improvements. This helps to enhance the overall user experience and keep the TV up to date with the latest technological advancements. In addition, they come with built-in Google Assistant support. This enables voice control functionality, allowing users to search for content, adjust settings, launch apps, and control smart home devices using voice commands.

Breakup by Distribution Channel

A detailed breakup and analysis of the market based on the distribution channel has also been provided in the report. This includes offline and online. According to the report, offline accounted for the largest market share as customers can physically visit the store, see the TV models on display, and make a purchase without having to wait for the delivery.

Moreover, buying from offline channels allows customers to see and interact with the TVs before making a purchase. They can compare different models and assess picture quality, screen size, and other features. Besides this, some customers prefer to purchase expensive electronics like smart TVs from physical stores due to concerns about the authenticity of online sellers or the reliability of delivery services. Offline retailers often have established reputations and offer customer service and return policies that instill a sense of trust in buyers.

Breakup by Application

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes residential and commercial. According to the report, residential accounted for the largest market share.

Smart TVs are equipped with built-in Wi-Fi or Ethernet ports, allowing users in residential spaces to connect to the internet directly from their television sets. This connectivity opens up a world of possibilities, including streaming online content, accessing social media platforms, browsing the web, and even downloading and using various applications. They also offer an extensive app ecosystem, similar to smartphones and tablets. Users can download and use a variety of applications directly on their television, such as music apps, gaming apps, weather apps, news apps, and more. This versatility enhances the entertainment and information options available to users.

Breakup by Region

The report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.

Asia Pacific held the biggest market share due to the inflating disposable incomes and increasing willingness of individuals to spend on modern technology, including smart TVs. Moreover, with the widespread availability of high-speed internet and the increasing traction of streaming services, there is a growing demand for smart TVs that can seamlessly connect to the internet and provide access to online content. In addition, the region has a strong culture of entertainment consumption, including a preference for watching movies, TV shows, and sports.

Competitive Landscape

Key players in the industry are integrating voice assistants into their smart TVs, allowing users to control the TV and access content using voice commands. They are also incorporating advanced operating systems, providing a seamless user interface and access to a wide range of apps. Moreover, top manufacturers are introducing the webOS platform, which offers a user-friendly interface and quick access to streaming services. They are also pioneering OLED technology in their TVs, providing superior picture quality with deeper blacks and vibrant colors. Besides this, key market players are developing proprietary technologies like Triluminos Display and X1 Ultimate processor, which deliver high contrast and improved upscaling of content.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• LG Electronics, Inc.
• Samsung Electronics Co. Ltd.
• Sony Corporation
• Panasonic Corporation
• Vizio Inc.
• Apple Inc.
• Hisense Group Co. Ltd.
• Koninklijke Philips N.V.
• TCL Corporation
• Insignia Systems Inc.
• Haier Group Corporation
• Hitachi Ltd.
• Westinghouse Electric Corporation

Key Questions Answered in This Report

1. What is the size of the global smart TV market in 2024?
2. What is the expected growth rate of the global smart TV market during 2025-2033?
3. What are the key factors driving the global smart TV market?
4. What has been the impact of COVID-19 on the global smart TV market?
5. What is the breakup of the global smart TV market based on the resolution type?
6. What is the breakup of the global smart TV market based on the screen size?
7. What is the breakup of the global smart TV market based on the screen type?
8. What is the breakup of the global smart TV market based on the technology?
9. What is the breakup of the global smart TV market based on the platform?
10. What is the breakup of the global smart TV market based on the distribution channel?
11. What is the breakup of the global smart TV market based on the application?
12. What are the key regions in the global Smart TV market?
13. Who are the key companies/players in the global Smart TV market?

Key Attributes

Report Attribute	Details
No. of Pages	133
Forecast Period	2024-2033
Estimated Market Value (USD) in 2024	$290.7 Billion
Forecasted Market Value (USD) by 2033	$475 Billion
Compound Annual Growth Rate	5.6%
Regions Covered	Global

For more information about this report visit https://www.researchandmarkets.com/r/dqj242

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