OLED TV Market Projected to grow at a CAGR of 23.1% by 2024

New York, USA, 2018-Nov-16 — /EPR Network/ —According to Goldstein Research, global OLED TV market estimated at USD 4.2 billion in 2016, which is estimated to reach USD 22.1 billion by 2024, growing at a CAGR of 23.1% over the forecast period 2016-2024. The factors such as rapid urbanization, technological advancement in TV and rising disposable income of population majorly in the developing countries such as India & China is anticipated to propel growth the of global OLED TV market. Further geographically, global OLED TV market is dominated by North America region with nearly 23.0% market share owing to high personal disposable income of the people in the region. Whereas, Asia Pacific is expected to be the fastest growing OLED TV industry over the forecast period.

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Market Segmentation

Global OLED TV Market can be segmented as follows:

By Technology

  • AMOLED (Active Matrix OLED)Market Analysis, 2016-2024
  • PMOLED (Passive Matrix OLED)Market Analysis, 2016-2024

By End Users

  • Commercial Sector Market Analysis, 2016-2024
  • Residential Sector Market Analysis, 2016-2024

By Region

  • North America OLED TV Market Analysis, 2016-2024
  • Europe OLED TV Market Analysis, 2016-2024
  • Middle East And Africa OLED TV Market Analysis, 2016-2024
  • Latin America OLED TV Market Analysis, 2016-2024
  • Asia Pacific OLED TV Market Analysis, 2016-2024
  • Rest Of The World OLED TV Market Analysis, 2016-2024

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“Global OLED TV Market Outlook 2024” contains detailed overview of the global OLED TV market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology, end users and geography.

The Global OLED TV Market Report encompasses the competitive outlook of major players that summarises the business strategies, revenue distribution, product portfolio, financial analysis, R&D activities and investments. The comprehensive analysis of OLED TV market report helps the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global OLED TV market discussed in the report are: L.G Electronics, Samsung Electronics, Haier Group, Konka group, Panasonic, Sichuan Changhong Electric, Sony, Hitachi,etc.

Further, Global OLED TV Market Share Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The OLED TV Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. Report also includes the OLED TV market share, expert analysis which provides complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

Global OLED TV market is further bifurcated in various segments with separate market analysis mentioned below:

China Smart TV Market

China smart TV market is set to reach USD 36.1 billion by 2024, expanding at a CAGR of 4.61% over the forecast period (2016-2024).  Further, smart TV sales in China were increased by nearly 14% in 2017 from the sales in 2016.

Global Smart TV Market

Global smart TV market experienced various mergers and acquisitions such as LeEco acquired the huge TV player Vizio for about $2 billion in July 2016. LeEco also aspires to dominate the global market in every consumer electronics segment. Further, the lack of broadband connection in developing countries is a major constraint in the growth of the market.Global smart TV market is set to reach USD 290.8 billion by 2025, growing at a CAGR of 4.71% over the forecast period (2017-2025).

Japan Smart TV Market

It is expected that by 2020 the shipment of 4K UHD TV will reach to 7.5 million units. Further, there is a prospect threat to Japanese smart TV manufacturers from the Chinese and South Korean smart TV manufacturers for taking over the larger market share. Goldstein Research analyst forecast that the Japan smart TV market is set to reach USD 38.1 billion by 2024, growing at a CAGR of 4.58% over the forecast period (2017-2025).

United Kingdom Smart TV Market

It is estimated that nearly 32.1% households in Germany in 2017 had smart TV. United Kingdom smart TV market is set to reach USD 38.6 billion by 2024, growing at a CAGR of 4.53% over the forecast period (2017-2025).

United States Smart TV Market

United States is a technology advanced country with its high penetration rates. Since the birth of television, it has been the major source of entertainment. Globally 245.1 million smart TV shipments were recorded, with U.S. acquiring the major share. United States has huge internet penetration, thus on an average the people of U.S. spends 2-3 hours on smart TV and further 4-6 hours on other internet connected devices such as chromecast. US smart TV market is set to reach USD 41.6 billion by 2024, growing at a CAGR of 4.5% over the forecast period (2017-2025).

India Smart TV Market

Consumer electronic device market in India is growing at a CAGR of 10.1% over the period of 2017-2025 and thus the growth is expected to positively impact the India smart TV market. Smart TV market in India is set to reach USD 20.4 billion by 2024, growing at a CAGR of 4.7% over the forecast period (2017-2025).

Building Energy Management System Market

Building energy management system enables the large corporations and buildings to monitor their energy consumptions and further control and manage it, in order to achieve efficiency goals by using advanced energy usage control techniques. Building energy management system market accounted for USD 2.8 billion in 2016 and expected to reach USD 9.2 billion by the end of forecast period i.e. 2024.

Middle East and Africa Home Appliances Market

Home appliances have become integral part of modern lifestyle. On an average, Middle East and Africa (MEA) household own six appliances. Middle East and Africa home appliances market size is set to reach USD 3,957 million by 2025, growing at a CAGR of 13.1% over the forecast period.

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