Authored By: Sarah
11 Dec 2023

 Unveiling APAC's Dominance: Driving the TV Market's Unprecedented Growth 

The TV market sees fierce competition amid evolving customer preferences driven by technological advancements. Product innovation is driving market growth by expanding portfolios and enhancing product quality. Estimates place the size of the worldwide television market at a compound annual growth rate (CAGR) of 7.67% from 2023 to 2027. It is anticipated that the market will grow by USD 59 billion.

What precisely is driving APAC to become the Television (TV) Market's fastest-growing topography?

APAC is poised to contribute significantly, estimated at 39% growth in the global television market throughout the forecast period.

Market advancement gained momentum from urbanization and evolving lifestyles in the region. Anticipated as the fastest-growing region compared to others, APAC's surge owes much to the burgeoning middle-class population and their escalating disposable income, fueling spending on consumer electronics.

Television (TV) Market Analysis, Television (TV) Market  Trend, Television (TV) Market Forecast

Overview of the Fastest Growing Topography of  Television (TV) Market

APAC stands as a prominent manufacturing hub for HD and UHD TVs, hosting leading manufacturers in IC drivers, panel displays, and OEMs.

Global brands like Samsung and LG Electronics Inc., amplify domestic demand, fueling substantial growth in the regional market.

Moreover, the influx of new market entrants is poised to escalate TV shipments in APAC during the forecast period. The growing appetite for Smart TVs, particularly in developing nations like India, stands as a driving force further propelling market expansion within the region. Don't skip our comprehensive market report! Uncover a treasure trove of insights about the booming market.

Television Market Highlights of the Report for 2023-2027

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive Television Market growth during the next five years
  • Precise estimation of the Television Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the television industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Television Market players
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