Global Smart TV Market size is expected to reach USD 292.55 billion by 2025.
A smart TV is also known as “hybrid or connected TV”.
It offers various features like internet accessibility, GPS system, storage capacity, entertainment features such as music, movies& games, and ability to connect other devices like smartphone or tablet.Smart TV is integrated with internet connection, which allows users to access popular websites including YouTube, Hulu, Facebook, Amazon Prime, & Netflix.
The Smart TV market is expected to witnesses a CAGR of 9.5% over the forecast period as the scope, product types, and its applications are increasing across the world.Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/smart-tv-market/request-sampleThe rising demand for 4K & HDR resolution TVs ,increasing urban population, changing lifestyles, increasing internet users, growing demand for internet connected multimedia devices, rising disposable income of consumers, high investments in technological advancements by industry players, increasing consumers’ inclination toward high-tech devices, on-going TV network digitization, and rising marketing strategy by key manufactures are the factors anticipated to boost the growth of the market in the forecast period.However, high cost, lack of awareness about the advancements in developed and under developed nations, rising adoption of smartphones, personal computers or tablets are expected to negatively affect the growth of the market in the forecast period.
The market is categorized, based on technology, component, resolution, screen size, screen type, application, and geography.Browse Full Research Report @https://www.millioninsights.com/industry-reports/smart-tv-market Screen sizes that could be explored in smart TV include below 32 inches, 32 to 45 inches, 46 to 55 inches, 56 to 65 inches, and above 65 inches.
The “46 to 55 inches” display category is expected to hold the largest market share over the forecast period.