Smart TV Platforms Market to Register Revenue CAGR of 6.8% from 2021 to 2030

By: MarketResearch.Biz
 
NEW YORK - July 2, 2021 - PRLog -- LATAM smart TV platforms market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2024) is projected to be over US$ 41.3 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.

LATAM Smart TV Platforms Market: Market Dynamics

The surging popularity of Over-The-Top (OTT) services content in the region of South America is leading smart TV manufacturers to pre-install OTT applications in their products. In addition, OTT platforms such as Netflix and Amazon Prime are increasingly providing diverse, original, and specialized content, which is accordingly encouraging consumers to subscribe as well as renew existing subscriptions. All these factors are positively influencing the revenue growth of the global smart TV market. Technological developments in the field of consumer electronics, in terms of design and features are expected to further amplify the sales of smart TVs across several regions. In addition to this, the adoption of 4K and higher resolution TV sets with the availability of different screen sizes, as well as the increasing penetration of OLED and QLED displays technologies that ensure excellent color, lighting, sharpness, and contrast as per consumer requirement are also factors that are expected to further augment the financial growth of this given industry.

LATAM Smart TV Platforms Market: Segmental Snapshot

By screen resolution: The HD TV segment is expected to register a CAGR of over 7.6%, thereby accounting for highest revenue share among the screen resolution segments.

By panel type: The LED segment is expected to register a CAGR of over 7.8% over the forecast period, thereby accounting for highest revenue share among the panel type segments.

By screen size: The 32-39 Inches segment is expected to register a CAGR of over 6.7% over the forecast period, thereby accounting for highest revenue share among the screen size segments.

By operating platform: The android segment is expected to register a CAGR of over 7.8% over the forecast period, thereby accounting for highest revenue share among the operating platform segments.

By country: The market in Brazil accounted for highest revenue share in the LATAM Smart TV Platforms market in 2020, and is estimated to register a CAGR of over 7.7% between 2020 and 2031.

LATAM Smart TV Platforms Market: Competitive Analysis

The research report on the LATAM Smart TV Platforms market includes profiles of major companies such as Samsung Electronics Co. Ltd., Sony Group Corp., Panasonic Corporation, LG Electronics, Xiaomi Corporation, Koninklijke Philips NV, Sharp Corp, TCL Technology Group Corp, Hisense Visual Technology Co., Ltd., Vizio Inc.

Browse full research report at https://marketresearch.biz/report/latam-smart-tv-platform...

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