India Smart TV Market Exclusive Study On Upcoming Trends And Growth Opportunities By 2030

Published: 2023-12-20
Views: 88
Author: manasi05
Published in: Business

India's Smart TV Revolution: A $33.72 Billion Industry Set to Redefine Home Entertainment

In a groundbreaking development, the India Smart TV Market is poised for an unprecedented surge, reaching a staggering USD 33.72 Billion by 2030, with a remarkable CAGR of 16.57% from 2024 to 2030. This significant growth is attributed to the evolving landscape of home entertainment, driven by the integration of Smart TVs that offer a myriad of features, transforming them into comprehensive entertainment and connectivity hubs.

India Smart TV Market Overview:

India Smart TV Market research report by Maximize Market Research (MMR) offers top-notch market analysis. The report includes a list of major competitors, providing strategic insights and analyses of key factors impacting the India Smart TV industry. In-depth research covers a diverse range of markets, marketing strategies, trends, prospective future products, and emerging opportunities, resulting in highly informative market reports.

Inquire For More Details: https://www.maximizemarketresearch.com/market-report/india-smart-tv-market/22314/ 

India Smart TV Market Report Scope and Research Methodology:

The research provides India Smart TV market insights to industry stakeholders, explaining complex statistics in simple terms, and covering the industry's history, current status, and expected size and trends. The report analyses all industry segments, with a focus on key companies, including market leaders, followers, and new entrants. Each region receives a detailed PESTLE analysis. The report serves as an investor's guide, offering a comprehensive view of the competitive landscape of key companies in the India Smart TV Market, covering goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence.

India Smart TV Market Regional Insights:

India Smart TV Market Segmentation:

by Resolution

HDTV
FULL HD TV
4K UHD TV
8K UHD
Others

Over the course of the forecast period, the India Smart TV Market is anticipated to experience a notable increase in revenue share, with the HDTV resolution segment accounting for approximately 45% of the market. With a 35% market share, 4K UHD TV is the second most popular category. Thanks to cost-effectiveness and technological advancements, Indian consumers can now purchase 4K HD TVs. Major companies like Samsung Electronics Co. and Sony Corporation have embraced quantum dot and nanotechnology to improve the picture quality of their products. In the Indian smart TV market, these factors are driving the segment's growth.

by Screen Type

Flat
Curved
Others

The flat screen segment dominated the market in 2023 and is predicted to grow at a compound annual growth rate (CAGR) of roughly 17.0% in the India smart TV market over the forecast period. The growth is primarily driven by consumers' preference for flat-screen TVs over more costly alternatives. Installing these TVs on walls is also less complicated. The introduction of compact, entry-level smart TV models with flat screens and the elimination of import taxes on LCD panels have also contributed to the growth of the Indian smart TV market.

by Screen Size

Below 32 Inches
32 To 45 Inches
46 To 55 Inches
56 To 65 Inches
Above 65 Inches

In terms of screen size, the market leader in 2023 was the 32–45 inch segment, which held a share of over 36%. The medium-screen TV market is expanding due to the growing popularity of the Smart TV market in India, and models are starting to come equipped with 4K technology. Companies in the Indian smart TV market are also releasing smart TVs at low prices that have screens that range from 32 to 45 inches or smaller than 32 inches in order to appeal to the middle-class and lower-class populations. In 2023, the 46 to 55-inch screen size segments will account for 41% of the India Smart TV market. Customers are purchasing TVs with bigger screens because 4K technology is being quickly integrated with attractive features at reduced costs.

by Distribution Channel

Hypermarket
Online
wholesaler
Speciality Store
Others

During the forecast period, there will be a notable increase in the offline segment's share of the India Smart TV Market share by Distribution Channel. In the offline India Smart TV Market segment, smart TVs are sold by supermarkets, hypermarkets, and specialty stores. In this industry, offline distribution channels still make up the bulk of channels. The offline market segment was estimated to be worth billions of dollars, and growth was predicted to continue through 2023. The vendors of the India Smart TV market also sell their products through a number of renowned offline retailers, such as Kohinoor, Reliance, Vijay Sales, and Croma.

by Technology Of Screen

QLED
OLED
Nano-cell
HDR
Others

TV screens are crucial for excellent picture quality due to screen technology. LED technology has advanced to the point where Micro-LED displays are appealing to consumers due to their large screens and excellent quality. Advantages of this display include better contrast, faster response times, and energy efficiency. The next screen in the list add in the Indian smart TV market is called Nano Cell. In Nano Cell technology, nanoparticles are used at individual pixels. By absorbing unwanted light, they enhance the primary red, green, and blue colours on the screen.

by Prize Range

Under US$ 500
US$ 500 - US$ 1000
US$ 1000 - US$ 2000
US$ 2000 - US$ 3000
US$ 3000 & Above

by Application

Residential
Commercial
Restaurants & Cafeterias
Corporate Offices
Others

For additional insights into this study, please refer to: https://www.maximizemarketresearch.com/request-sample/22314 

India Smart TV Market Key Players are:

1. Samsung Electronics (Gurgaon Sector 43, Gurgaon, Delhi.)
2. LG Electronics (Greater Noida, Greater Noida, Delhi.)
3. Sony (Malad West, Mumbai )
4. Skyworth ( Sector 19, Gurugram, Haryana )
5. Foxconn (Sharp) (Sector 125, Noida, Uttar Pradesh )
6. Xiaomi (India)( Devarabisanahalli, Bengaluru)
7. Vizio (Noida, (Uttar Pradesh, India)
8. Haier (Ranjangaon, Pune, )
9. Panasonic (Gurugram, Haryana,)
10. Chonghong(Mumbai, India )
11. Konka (New Delhi.)
12. Videocon Industries Ltd. (Mumbai)
13. Sansui Electric Co. Ltd. (Pune, Maharashtra, India.)
14. Toshiba Corporation(Manali New Town)
15. Intex Technologies(Okhla Industrial Area Phase 2, Delhi )
16. Micromax Informatics Ltd.( Gurugram, Haryana,)
17. TCL India. (Sion, India)
18. Philips India Ltd.(Dlf Cyber City, Gurgaon, Delhi)
19. Croma(Mumbai, India)

Key questions answered in India Smart TV Market are:

• What is India Smart TV?
• What are the recent industry trends that can be implemented to generate additional revenue streams for India Smart TV Market? 
• Which factors are the lucrative opportunities for the India Smart TV market growth?
• Which factors are limiting the scope of India Smart TV market?
• How is the intervention from regulatory authority is shaping the India Smart TV Market?
• What growth strategies are the key players considering to increase their presence in India Smart TV Market?

Speak to an analyst and add your personal touch to the report: https://www.maximizemarketresearch.com/request-sample/22314 

Key Offerings:

• Past Market Size and Competitive Landscape 
• Past Pricing and price curve by region 
• Market Size, Share, Size & Forecast by different segment | 
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

Navigate Connected Report:

Hotels Market https://www.maximizemarketresearch.com/market-report/hotels-market/47478/ 

India Hotels Market https://www.maximizemarketresearch.com/market-report/india-hotels-market/52799/ 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com 

+91 96071 95908, +91 9607365656