Connect with us

Technology

Smart TV Market to Reach $497.3 Billion, Globally, by 2033 at 9.5% CAGR: Allied Market Research

Published

on

WILMINGTON, Del. , Aug. 30, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Smart TV Market by Resolution Type (8K TV, HDTV, FULL HDTV, and 4K UHD TV), Screen Type (Curved Screen and Flat Screen), Application (Commercial and Household), Panel Type (Liquid Crystal Display (LCD), Light Emitting Diode (LED) , Organic Light Emitting Diode (OLED) , Quantum Dot Light Emitting Diode (QLED)), Platform (Android, Roku, WebOS, MyHomeScreen, Tizen OS, and IOS) and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2023-2033″. According to the report, the smart TV market was valued at $202.8 billion in 2023, and is estimated to reach $497.3 billion by 2033, growing at a CAGR of 9.5% from 2024 to 2033.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A06562

Prime determinants of growth 

The market for smart TVs is expected to grow mostly driven by technological developments, such as the incorporation of voice recognition and artificial intelligence (AI) to improve user experience and convenience. The expansion of streaming services and the rising demand for high-definition content have both accelerated industry growth. The growth is aided by a rise in disposable incomes and shift in customer preferences for smart home ecosystems. Manufacturers’ extensive feature offerings and competitive prices attract more customers. In addition, expanding the internet and enhanced broadband access make smart TVs more desirable by enabling smooth streaming and smart features. Finally, significant development potential is created by the digitalization trend and smart gadgets in developing economies.

Report coverage & details:

Report Coverage  

Details  

Forecast Period  

2024–2033 

Base Year  

2023

Market Size in 2023  

$202.8 billion 

Market Size in 2033 

$497.3 billion 

CAGR  

9.5 %

No. of Pages in Report 

250

Segments Covered  

Operating System, Resolution, Screen Size, Screen Shape, Distribution Channel, Technology, and Region. 

Drivers 

 

Technological Advancements Consumer Demand for Convenience Content Accessibility

Opportunities  

 

Emerging Markets Enhanced Connectivity

Restraints 

 

High Initial Costs Privacy and Security Concerns

Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures): 
https://tinyurl.com/5fvz46pd

Segment Highlights

Since Full HD TV strikes a balance between quality and price, it maintains a substantial market share in the smart TV industry. With their 1920 x 1080-pixel resolution, full HD TVs are more popular among consumers who want better picture quality without having to pay the higher price of 4K TVs. They offer a better viewing experience than ordinary HD versions. Their popularity is further increased by incorporating clever features like internet connectivity and access to streaming services. Owing to this, full HD smart TVs continue to be a competitive option for consumers on a limited budget who want good performance and new features.

The increased demand from consumers for advanced features such as 4K resolution, HDR support, and integrated streaming services has created a highly competitive market for 46- to 55-inch smart TVs. Leading companies such as Samsung, LG, Sony, and TCL are always coming up with new ideas to provide better picture quality, improved user interfaces, and seamless networking possibilities. Customers looking for a balance between screen size and price are catered to by this market, which makes it a popular option for both home and office use. This market is expected to grow due to the rapid advancements in technology, especially with the increasing popularity of AI capabilities and smart home integration.

The market for smart TVs, especially flat TVs, is expanding significantly due to rising customer demand for better viewing experiences and technological improvements. These TVs include built-in internet connectivity, so you can browse the web, use apps, and access streaming services right from the screen. Leading companies in the industry, such as Samsung, LG, and Sony, have introduced new features like voice control, 4K and 8K resolution, and high dynamic range. This trend is accelerated by a shift toward bigger screens and better picture quality, which positions smart flat TVs as the focal point of home entertainment and smart home integration.

Regional Outlook

Technological developments and growing customer desire for integrated entertainment systems are driving the robust expansion of the smart TV market across many countries. The demand for sophisticated home entertainment and strong disposable incomes in North America drive industry growth. Europe follows suit, with notable expansion in nations where the use of smart homes is common, such as Germany and the UK. Owing to rapid urbanization, a growing middle class, and increased internet penetration, the Asia-Pacific region especially China and India are experiencing the fastest development. A slower rate of growth is also observed in Latin America, the Middle East, and Africa, which is attributed to improving economic conditions and a wider range of reasonably priced smart TV models. 

Want to Access the Statistical Data and Graphs, Key Players’ Strategies:  
https://www.alliedmarketresearch.com/purchase-enquiry/A06562

Players: –

Haier Inc.Intex TechnologiesKoninklijke Philips N.V.LG ElectronicsPanasonic CorporationSamsung Electronics Co. LtdSansui Electric Co. LtdSony CorporationTCL Electronics Holdings LimitedToshiba SolutionsHisense International

The report provides a detailed analysis of these key players in the global smart TV market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Recent Developments:

In April 2022, the Neo QLED 8K smart TV line was introduced by Samsung Electronics Co. Ltd. Televisions with 65- and 85-inch screens were part of this launch. Additionally, Samsung Electronics Co. Ltd. organizes promotions that allow customers to buy TVs for less money, thus boosting demand for its products.In July 2022, the first 24 GHz GDDR6 DRAM in the industry was introduced by Samsung Electronics to power next-generation high-end graphics cards in smart TVs.

Similar Reports We Have on Consumer Goods Industry:

Wearable Technology Market Opportunity Analysis and Industry Forecast, 2020-2031Water purifier Market Opportunity Analysis and Industry Forecast, 2020-2031Smart Toys Market Opportunity Analysis and Industry Forecast, 2024-2033Wellness Water Market Opportunity Analysis and Industry Forecast, 2024-2033Dehumidifier Market Opportunity Analysis and Industry Forecast, 2023-2032Electronic Cigarette Market Opportunity Analysis and Industry Forecast, 2022-2031Household Appliances Market Opportunity Analysis and Industry Forecast, 2024-2035Air Fryer Market Opportunity Analysis and Industry Forecast, 2023-2032Cigarette Vending Machine Market Opportunity Analysis and Industry Forecast, 2021-2031Smartphone Photo Printers Market Opportunity Analysis and Industry Forecast, 2023-2032

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | LinkedIn | YouTube |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/smart-tv-market-to-reach-497-3-billion-globally-by-2033-at-9-5-cagr-allied-market-research-302234892.html

SOURCE Allied Market Research

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Macrogen Consortium win tender for National Bio Big Data Project

Published

on

By

Illumina is proud to be selected as sequencing technology partner to the Macrogen Consortium.

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — Macrogen a global healthcare company that specializes in precision medicine and Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, announced today that they are honoured to support the National Bio Big Data project by sequencing and analysing 145,952 Korean genomes.

The National Bio Big Data Project project has been running in Korea as a pilot project since 2020. During this period about 20,000 genomes were analysed, 10,000 of these including people with a rare disease. The ultimate goal is to enable precision medicine by building a reference genome for about 770,000 Koreans by 2028 and a total of 1 million by 2032.  

“Being a part of this step change to improving public health in Korea through the voluntary collection and analysis of genomic, clinical and life record information from the general public, is paramount to ensure precision medicine becomes a standard of care for all Koreans,” said Changhoon Kim, CEO Macrogen.

“Illumina is pleased to be a part of the Korean bio industry ecosystem and to participate in such an important national project. We look forward to contributing to Korea by bringing our expertise and lessons learned from our direct involvement in leading pop gen projects around the world,” said Robert McBride, General Manager of Illumina Korea.

People across the globe have very similar genes but a small number of variants between populations can impact health. For example, some variants are associated closely with particular diseases such as cystic fibrous.[1]These variants can present differently in populations and have a significant impact on how individuals respond to medicines and treatments. Therefore, it is beneficial for Koreans to have information available that is unique to them.

Worldwide, the number of pop gen projects is expanding rapidly, including the UK, Japan, Singapore, Qatar, the United Arab Emirates, and Nigeria.

“Population genome projects are growing worldwide with many programs reaching significant milestones. But despite this inequity remains with the majority of genome datasets being of European descent. This means we have a lot of information how to develop drugs for European populations but this doesn’t translate in any meaningful way to other nationalities, said Robert McBride.

Population genomics provides a platform for industry engagement and investment, specifically in the pharmaceutical, biotechnology, and data sectors. By integrating large, diverse data sets and using advanced computing technology (such as artificial intelligence or machine learning), health systems and partners are optimally positioned to unlock the power of the genome even further, while improving quality of life and care and fostering economic growth.

“Precision medicine is changing how diseases are treated and this benefits everyone. For patients, treatments often work better when decisions are based around an individual’s genome, for drug companies it can reduce cost of development and for governments there are long term savings related to less waste and healthier patients,” said Changhoon Kim.

References

[1] https://www.genome.gov/about-genomics/educational-resources/fact-sheets/human-genomic-variation#:~:text=How%20do%20peoples’%20genomes%20vary,person%20responds%20to%20certain%20medications.

About Macrogen

Macrogen is a global genetic service provider, partnered with over 18,000 scientists in 150+ countries, and with more than 20 years of experience in the industry.

Established in 1997, from the Genome Medical Research Institute of Seoul National University, Macrogen has become a major service provider and consulting agent for government agencies, universities and research institutes around the world.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit www.illumina.com and connect with us on X (Twitter), Facebook, LinkedIn, Instagram, TikTok, and YouTube

About the Consortium

Macrogen Consortium members include the following companies: DNA Link, Theragen Bio, and CG Invites

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/macrogen-consortium-win-tender-for-national-bio-big-data-project-302335981.html

SOURCE Illumina

Continue Reading

Technology

As 2025 IRS Mileage Rate Hits 70 Cents, Expert Warns: Ditch Risky Apps for Secure Paper Tracking

Published

on

By

Gig economy expert Ed Ryder warns against the risks of mileage tracking apps, and advocates using paper-based tracking methods instead. He introduces The Big Mileage Form, a secure alternative developed over two years to meet the specific needs of food delivery gig workers. Ryder highlights recent tech failures, like the July 2024 global IT outage, to underscore the vulnerabilities of digital solutions. The press release also mentions Ryder’s significant mileage deduction using his form and directs readers to GigCoach.net for additional resources, including a consumer tutorial to drive better food delivery outcomes and a gig coach training program.

PHILADELPHIA, Dec. 22, 2024 /PRNewswire-PRWeb/ — As the IRS announces a standard mileage rate of 70 cents per mile for 2025, gig economy expert Ed Ryder, who has completed over 10,000 deliveries with his own car using major food delivery platforms, urges fellow gig workers to reconsider their mileage tracking methods. While acknowledging the convenience of digital solutions, Ryder advocates for a return to secure, paper-based tracking to protect valuable mileage deductions.

With the mileage rate at 70 cents, accurate tracking is crucial for gig workers and small business owners. Mileage apps seem convenient, but they risk data loss from outages, glitches, and cyber attacks. Many overlook these significant dangers.

“With the mileage rate increasing to 70 cents, accurate tracking is more crucial than ever for gig workers and small business owners,” says Ryder, creator of The Big Mileage Form. “While mileage tracking apps seem convenient, they come with significant risks that many overlook. Network outages, app glitches, and cyber attacks can jeopardize months of data.”

Ryder points to the July 2024 global IT outage as a prime example of technology’s vulnerabilities. “A faulty software update caused mass airline disruptions and impacted other industries, catching major corporations off guard. This incident highlights that even in our digital age, software isn’t infallible. For me, I simply won’t trust mileage tracking apps with my most important tax deduction.”

To address these concerns, Ryder developed a comprehensive, paper-based solution. “I spent two years perfecting The Big Mileage Form, tailoring it to the specific needs of food delivery gig workers,” he explains. “At 11×17 inches, it provides ample space for detailed record-keeping and, crucially, it’s immune to software glitches, data breaches, and ransomware attacks.”

Ryder’s meticulous paper-based record-keeping resulted in a mileage deduction exceeding $19,000 on his 2023 federal taxes. “All my business-related miles are thoroughly documented on paper. I’m fully prepared to defend this deduction in case of an audit. This level of confidence is what I aim to provide other gig workers.”

“In today’s digital age, sometimes the most secure solution is the simplest one,” Ryder concludes. “My form not only ensures data security but also prepares users for potential IRS audits. It’s time to reconsider the old-fashioned, but reliable pen-and-paper method.”

For those interested in learning more about effective mileage tracking and other aspects of gig work, Ryder offers valuable resources on GigCoach.net. These include a tutorial for consumers titled ‘Fair Deal Delivery,’ which provides insights on how to improve food delivery outcomes. Additionally, experienced food delivery couriers can explore Ryder’s gig coach training program. Visit GigCoach.net to access these resources and learn more about The Big Mileage Form.

Media Contact

Ed Ryder, Match Experiment LLC, 1 484-493-8740, hello@ideamaned.com, gigcoach.net

View original content to download multimedia:https://www.prweb.com/releases/as-2025-irs-mileage-rate-hits-70-cents-expert-warns-ditch-risky-apps-for-secure-paper-tracking-302337779.html

SOURCE Gig economy expert Ed Ryder

Continue Reading

Technology

DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Ascension Health Customers Whose Data May Have Been Compromised

Published

on

By

NEWTOWN, Pa., Dec. 22, 2024 /PRNewswire/ — The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by Ascension Health (“Ascension”). Ascension learned of suspicious activity on or about May 8, 2024. To join this case, go HERE.

About Ascension Health

Ascension is a prominent non-profit health system in the nation and operates under Catholic principles.

What happened?

On or about May 8, 2024, Ascension detected unauthorized activity in its computer systems. Ascension initiated an investigation, which included retaining consulting cybersecurity experts and notifying the FBI. The investigation determined that between May 7 and 8, 2024, a cybercriminal accessed files containing personal information about Ascension’s patients and employees. This information included names, medical records, payment details, insurance information, government identification numbers, and other personal data such as dates of birth and addresses. Approximately 6 million individuals have been affected by this data breach.

How can I protect my personal data?

If you receive a data breach notification, you must guard against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for suspicious or unauthorized activity. Additionally, you should consider legal options for mitigating such risks.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for customers whose sensitive personal and patient data may have been compromised by the Ascension data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492
Email: medelson@edelson-law.com
Web:  www.edelson-law.com 

About Edelson Lechtzin LLP
Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so counsel does not represent you unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing now. Your ability to share in any potential future recovery does not depend on serving as lead plaintiff.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-ascension-health-customers-whose-data-may-have-been-compromised-302337976.html

SOURCE Edelson Lechtzin LLP

Continue Reading

Trending