Report Ocean introduces a fresh report examining the “India Television Market” encompassing its size, share, growth, industry trends, and forecast up to 2030. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
The flat panel television market in India was valued at INR 986.4 Billion in 2020 and is expected to reach INR 1,638.65 Billion by 2027, growing at a CAGR of 8.54%.
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Television is a fast-growing market in India’s consumer durable goods industry, with the flat panel television market experiencing strong growth due to the reduced price of large screen TVs, increasing affordability of customers, and the availability of innovative products. Despite the growth, there are some challenges to the market, including increased competition from substitute devices, low profitability, and a lack of 4K content. However, the Indian government’s Atmanirbhar Bharat scheme, which aims to boost domestic manufacturing and reduce imports, is helping to boost the production of televisions in the country.
The market share of smart TVs has reached 84% in 2021, with the smart TVs over 40 inches in screen size gaining a 42% market share. In 2021, 32 inches is the most popular display size among customers.
The television market in India is segmented into smart and non-smart TVs, with the former having a market share of 80% and the latter at 20%. The smart TV segment has shown a 65% YoY growth in June 2021. Smart TVs of less than 32 inches screen size have the maximum market share of 39.40%.
The COVID-19 pandemic has had a significant impact on the television market in India, with the emergence of work-from-home culture and adoption of online classes boosting the growth of smart TVs. With most cinema halls closed during the lockdown period, film makers started releasing their content on OTT platforms, leading to an increase in demand for smart TVs for both entertainment and work purposes.
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The report addresses the following key questions regarding the India Television market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of India Television in the market?
- How are regulatory policies and government initiatives impacting the growth of the India Television market?
- What is the market share of the top 5 players in the India Television market and how is it likely to change in the future?
- What are the latest technologies and innovations in the India Television market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India Television market?
- What are the challenges related to the supply chain and logistics that India Television market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the India Television market?
- What are the potential risks and uncertainties associated with investing in the India Television market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of India Television market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the India Television market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the India Television market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate India Television business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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