Dublin, March 01, 2024 (GLOBE NEWSWIRE) -- The "United States Smart TV Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
The latest market research report providing an in-depth look at the United States Smart TV Market has been added to our expansive collection of industry insights. This report covers a period forecast from 2024 to 2030 and offers a meticulous analysis of market trends, shares, growth rates, and the impact of inflation. It also includes an insightful company analysis and projections of market developments across various segments.
Expansive Growth Predicted for the US Smart TV Market
The United States Smart TV market is on track to reach a compelling US$ 100.06 Billion by 2030, illustrating the vibrant expansion of this segment within the technology sector. Powered by factors such as high adoption rates of streaming devices, burgeoning internet access, and the integration of smart homes and workplaces, smart TVs have progressed from traditional entertainment providers to versatile, multi-functional devices.
Impressive CAGR to Define Market Trajectory
Anticipated to prosper at a CAGR of 10.50% over 2024-2030, the US Smart TV market is witnessing increased opportunities for content providers to create and distribute content over the internet. Major industry players are leveraging collaborations with streaming media producers, thereby enriching their product offerings and endorsing industry growth.
High-definition Content Consumption Spurs Demand for Advanced Smart TVs
While the market diversifies across various screen sizes and resolutions, the Full HD TV segment is expected to capture the limelight, offering a perfect amalgamation of high-definition clarity and affordability. Consumers are immensely drawn towards the 46 to 55 inches screen size range, as it satisfies the desire for a cinematic home viewing experience without monopolizing living spaces.
LED Technology and Android Operating Systems Lead Market Segments
In terms of technology, LED Smart TVs are garnering the majority market share within the industry, owing to their dazzling display capabilities and energy efficiency. Furthermore, Android Smart TVs are enjoying significant growth due to their user-friendliness and abundant applications available on the Google Play Store.
- Residential Application Emerges as Primary Revenue Contributor
- California Reigns Supreme in State-Wide Market Dominance
The residential sector stands out as the primary revenue contributor, with smart TVs becoming an indispensable aspect of the connected home ecosystem. Through advanced features such as voice control and superior connectivity, residential smart TVs continue to steer the industry's revenue stream. California emerges as the frontrunner in stateside market dominance, underscoring the region's influence in tech innovation and consumer adoption.
Key Industry Giants in Focus
The report also highlights major industry behemoths, including behemoths in manufacturing such as Panasonic, Sony, and Samsung, which play significant roles in shaping the competitive landscape of the US Smart TV industry. Through this comprehensive report, stakeholders, investors, and market enthusiasts will gain valuable insight into the variables influencing the growth of the United States smart television space, the prevailing trends, and future opportunities that define this dynamic market segment. The extensive industry analysis presented in the report underlines its significance in understanding the market's trajectory and in aiding strategic decision-making. For further details and insights, the full United States Smart TV Market report is available.
Companies Mentioned
- Panasonic Corporation
- Sony Corporation
- Samsung Electronics Co. Ltd
- Sharp Corporation
- VIZIO Inc
- Koninklijke Philips NV
- Hitachi Ltd
Key Topics Covered
- Introduction
- Research & Methodology
- Executive Summary
- Market Dynamics 4.1 Growth Drivers 4.2 Challenges
- United States Smart TV Market
- Market Share - United States Smart TV Market
- Resolution Type - United States Smart TV Market
- Screen Size - United States Smart TV Market
- Type - United States Smart TV Market
- Technology - United States Smart TV Market
- Operating System - United States Smart TV Market
- Application - United States Smart TV Market
- States - United States Smart TV Market (List of states)
- Porter's Five Forces - United States Smart TV Market
- SWOT Analysis - United States Smart TV Market
- Company Analysis
For more information about this report visit https://www.researchandmarkets.com/r/lnb1r3
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