SAN FRANCISCO, Sept. 15, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “TV – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 2287
Companies: 1546 – Players covered include Funai Electric Co., Ltd.; Haier Appliances (India) Pvt., Ltd.; Hisense USA Corporation; Koninklijke Philips NV; Konka Group Co., Ltd.; LG Electronics, Inc.; Micromax Informatics Ltd.; MIRC Electronics Ltd. (Onida); Mitashi Edutainment Pvt. Ltd.; Panasonic Corporation; Samsung Electronics Co., Ltd.; Sansui Electric Co. Ltd.; Seiki Digital; Sharp Corporation; Sichuan Changhong Electric Co., Ltd.; Skyworth Digital Holdings Ltd.; Sony Corporation; TCL Corporation; Toshiba Corporation; Videocon Industries Ltd.; VIZIO, Inc.; Westinghouse Digital LLC.; Xiaomi, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Technology (LCD TVs, OLED TVs, Other Technologies); TV Type (2D, 3D)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global TV Market to Reach $450.6 Billion by 2026
Amid the COVID-19 crisis, the global market for TV estimated at US$315.7 Billion in the year 2020, is projected to reach a revised size of US$450.6 Billion by 2026, growing at a CAGR of 5.9% over the analysis period. LCD TVs, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$302.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the OLED TVs segment is readjusted to a revised 6.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $91.4 Billion
The TV market in the U.S. is estimated at US$91.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$92.6 Billion by the year 2026 trailing a CAGR of 8.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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