Curved Televisions Market Size, Status and Industry Outlook During 2029
The global Curved Televisions Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Curved Televisions market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the curved televisions market was valued at USD 5.57 billion in 2021 and is likely to reach USD 38.00 billion by 2029, and is expected to grow at a CAGR of 27.13% during the forecast period.
Top Companies in the Global Curved Televisions Market:
LG Electronics Inc. (South Korea), Haier Group (China), Sony Corporation (Japan), Sichuan Changhong Electronics Co. Ltd (China), Samsung Electronics Co. Ltd. (China), Koninklijke Philips N.V. (Netherlands), Sharp Corporation (Japan), VIZIO Inc. (U.S), Hisense Co., Ltd. (China), Panasonic Corporation. (Japan), among others.
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Market Segmentation:
The curved televisions market is segmented on the basis of type, screen size and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
• Cable Track Cables
• Torsion Cables
Screen size
• Large-sized Curved Televisions
• Mid-sized Curved Televisions
• Small-sized Curved Televisions
End User
• Commercial
• Institutional
• Residential
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America dominates the global curved televisions market in terms of revenue due to increased adoption of curved televisions by the general population.
Asia-Pacific is expected to grow at a significant growth rate over the forecast period of 2022 to 2029 due to the high disposable incomes and rapidly changing consumer preferences in developing economies such as India, and Japan.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
• Shift in customers preferences
Customers' preferences are now shifting toward more excellent characteristics and the most significant picture and display feature, which is expected to drive market growth from 2020 to 2027. The need for unconventional and high-level technologies in communication broadcast, as well as shifting consumer attitudes toward more reliable picture quality, volume, and television peculiarities, are key stimuli for the growth of the curved televisions market.
• Technological advancement as well as durability
Longer life of curved televisions, environmentally friendly technology, and efficient energy usage by curved televisions are some of the major factors driving the global curved televisions market.
Restraints
• High cost as well as presence of alternatives
However, the high cost of curved display televisions is a major impediment to the global curved display televisions market's growth. Furthermore, an increase in R&D expenditure by major players into alternative television technologies such as OLED televisions (organic LED) and an increase in customer expectations from curved televisions are expected to stifle growth in the global curved televisions market.
Opportunities
The high growth in the entertainment industry is expected to create various growth opportunities over the forecast period. As per the International Trade Administration, the U.S. media and entertainment industry is the largest in the world. Therefore growth in the entertainment industry is likely to augment the curved televisions market growth.
This curved televisions market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the curved televisions market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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