Consumers are buying these products to have a theatre experience at home, increasing gaming in smart TVs, various live streaming options available, a wide range of cost-efficient processes.
The India Smart TV Market Volume was at 14 Mn. Units in 2020. 4K UHD TV, one of the segments reviewed in MMR report dominated the India Smart TV Market.
Market Overview :
The global business consulting firm Maximize Market Research has announced a global business intelligence report on the India Smart TV market. The report indicates the lucrative growth for India Smart TV market suppliers in the forecast period through 2029. The report provides a competitive and pricing analysis along with the regional demand and supply and production analysis in it. It specifies its main segmentation and key drivers of the industry.
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Market Scope
The market intelligence report on India Smart TV market provides the readers with valuable information on the specific market drivers, challenges, restraints and market penetration and the opportunities prevailing in the market. The detailed analysis of the various segments of the market helps the stakeholders and investors to formulate investments and productiondecisions. While researching the market the quantitative and qualitative methods are used to properly analyse the industry. The size of the market and growth rate are covered in the report. The keys players and the new entrants in the market are analysed to understand a comprehensive competitive analysis.
Research tools are also used to understand the market’s strength, weakness, new opportunities and challenges coming in forecast period. Tools such SWOT, PESTLE and PORTER’s five forces are used to analyse to understand underlying factors affecting the industry.
Segmentation :
In terms of resolution, 4K UHD TV commanded a 39% market share in 2020. Affordably priced 4K HD TV is now available to Indian consumers thanks to product innovation and cost effectiveness. The visual quality of products has been improved by the adoption of quantum dot technology and nanotechnology by major players like Sony Corporation and Samsung Electronics Co. These variables are fueling the segment's market expansion in the Indian smart TV market.
By screen size, 40 to 48 segments controlled a 39% share of the market in 2020. Customers are buying Televisions with bigger screens due to decreasing product prices and the quick integration of 4K technology with appealing features. Large TV screens should often use 4K displays to get higher image quality that smaller screens cannot deliver. Major vendors recently debuted a comprehensive 4K TV with screen sizes ranging from 40 to 48 inches to fulfil growing consumer demand. These elements are fueling the segment's market expansion.
With a 39% market share in 2020, the 40 to 48 segment topped the market by screen size. Customers are purchasing Televisions with higher screen sizes as a result of declining product prices and the quick integration of 4K technology with appealing features. In order to attain greater image quality that small screen sizes cannot deliver, 4K displays are typically advised for large TV screens. A comprehensive 4K TV with screen sizes ranging from 40 to 48 inches has recently been introduced by key vendors in response to rising client demand. The market expansion of the sector is being driven by these factors.
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Key Players :
• LG Electronics Inc.
• Apple Inc.
• Hisense Group Co. Ltd
• Haier Group Corporation
• Hitachi Ltd
• Intex Technologies
• Micromax Informatics Ltd.
• Panasonic India Pvt. Ltd.
• Philips India Ltd.
• Samsung India Electronics Pvt. Ltd
• Sony India Pvt. Ltd.
• TCL India
• Vu Technologies Pvt. Ltd.
• Xiaomi Technology India Pvt. Ltd.
Regional Analysis :
India Smart TV Region dominated the market in 2021 and is also expected to witness the significant growth during the forecast period. The regional analysis in the report includes geographic condition of the market a revenue as well as in depth research into the business network structure, opportunities and news updates. It also guides investors to plan the market strategies which are suitable and applicable in specific regions.
Key Questions answered in the India Smart TV Market Report are:
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Key offerings:
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 impactstudies.
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Maximize Market Research provides B2B and B2C research on 6,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bevera
Mar 05, 2023
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