Market Value and Growth
- Global Market Value: The Smart TV market hit an impressive $161.7 billion globally in 2021.
- Future Projections: By 2026, the Smart TV market is forecasted to skyrocket to $231.44 billion.
- Annual Growth: Expect the Smart TV market to grow annually by 10.44% from 2021 to 2026.
- Regional Growth: The Asia-Pacific region’s Smart TV market is anticipated to expand at an 8% annual rate by 2026.
Sales Figures and Market Shares
- Global Sales Revenue: In 2020, Smart TVs raked in $134.9 billion in sales worldwide.
- United States Market Leader: Back in 2019, the US dominated the global Smart TV market, making up 38% of total sales.
- Samsung’s Dominance: Samsung led the pack in 2020, capturing 31.8% of global Smart TV sales.
- Samsung in US Households: As of 2021, 41.7% of American homes had a Samsung Smart TV.
Consumer Usage and Preferences
- US Smart TV Ownership: By 2021, 80.8% of TV-owning households in the US had at least one Smart TV.
- Smart TV Users in the US: The number of Smart TV users in the US is projected to hit 190 million by 2023.
- Streaming on Smart TVs: In the US, 55% of all in-home video streaming happens on Smart TVs.
Market Shares by Technology and Screen Size
- OLED TV Share: OLED Smart TVs accounted for 2.8% of the global market share in 2020.
- 4K TV Shipments: 4K Smart TVs represented about 55% of all Smart TVs shipped globally in 2020.
- Popular Screen Sizes: In 2020, 32-inch Smart TVs made up 29.2% of global shipments, while 50-55 inch TVs captured 22.1%.
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Regional and Specific Market Insights
- Smart TV Sales in India: In 2020, India saw Smart TV sales reaching 4.48 million units, 67% of total TV sales.
- US Sales Trends: By 2020, three out of every four TVs sold in the US were Smart TVs.
Future Insights and Trends
- Expanding Market: With continual advancements and increasing consumer demand, the Smart TV market is poised for robust growth, driven by technological innovations and higher adoption rates globally.
Alison Adams, a Philly native and proud University of Pennsylvania alum, is your go-to Career Expert with a laid-back approach. She’s been in the job seeker’s shoes and knows how to navigate the wild world of work. Alison’s all about sharing practical tips and tricks with a personal touch, making her a favorite for those looking to level up their careers.