The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Digital Television Market. The growth sectors of the Digital Television Market are identified with precision for a better growth perspective.
The study reveals that the digital television is trending in North America region. The global Digital television market is expected to witness a high growth in the coming years. Moreover, Digital TV has replaced the existing versions of televisions in the electronics appliances, which is integrated with network boxes and servers.
The study indicates that the extra channels, converged communications, enhanced interactivity and mobility are the driving factor of digital television market. However, the switchover from analog broadcasting to digital broadcasting, the growth of new media platforms as sources of news, and the digital TV systems can offer access to the Internet and WWW has driven the digital TV market.
The Digital TV Market is growing rapidly over 17.3% of CAGR and is expected to reach at USD $~1.3 Billion by the end of forecast period.
Digital TV Market Segmentation
The Digital television Market has been segmented on the basis of type, resolution, size, and region. The Digital television market is highly centralized by owing to the presence of many small regional suppliers and large multinational vendors. The digital television has wide range of applications across several industries such as consumer electronics, IT and telecommunications, media and entertainment.
The prominent players in the Digital TV market – Samsung Group (South Korea), Sony Corporation (Japan), Vizio Inc. (U.S), Haier Group Corporation (China), Hisense Co., Ltd. (China), Lg Corporation (South Korea), Koninklijke Philips N.V. (Netherlands), At&T Inc. (U.S), Dish Network (U.S), Verizon Fios (U.S) among others.
Market Research Analysis:s
On geographic basis, Digital TV market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the Digital TV market. Europe is to be estimated to be second largest market for Digital TV during the forecast period. The Digital TV market accounted for over 20% of the global demand and is expected to grow at a considerable rate over the next six years in Asia Pacific regions. China is expected to be the largest CAGR to regional market revenue generation over the forecast period.
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