What is 40 Inch TVs Market?
The availability of high definition content, high-speed broadband, and declining price points is driving consumers to buy bigger size TVs. The television industry is one of the promising industries where technological advancement is on the way. Nowadays, a smart TV has been the most popular among consumers. This can be attributed to its ability to connect to the internet as it has a built-in Wi-Fi. Apart from facilitating the service of a conventional television set, it provides for activities like Internet TV, interactive media on a real-time basis, on-demand streaming media, etc. A 40-Inch TV is one of the major segments of which the demand is growing significantly and expected to remain the same during the forecast period.
Highlights from 40 Inch TVs Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Sony Corporation (Japan), Panasonic (Japan), Philips (Netherland), Samsung (South Korea), VIZIO Inc. (United States), Sharp Corp. (Japan), TCL Corporation (China), Xiaomi (China), Vu Technologies (United States) and Onida Electronics (India) |
40 Inch TVs market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that Chinese and Japanese Vendors will contribute to the maximum growth of Global 40 Inch TVs market throughout the forecasted period.
Sony Corporation (Japan), Panasonic (Japan), Philips (Netherland), Samsung (South Korea), VIZIO Inc. (United States), Sharp Corp. (Japan), TCL Corporation (China), Xiaomi (China), Vu Technologies (United States) and Onida Electronics (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Micromax (India), Kodak (United States), Thomson (France), LeEco (China), Lloyd (A Havells Company) (India), Akai (Japan), Sansui (Japan), Intex (India), Mitashi (India) and Intel (United States). 40 Inch TVs Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Home Use and Commercial Use |
Type | LED, LCD, Plasma and OLED |
Operating System | Android TV,WebOS,Tizen,Roku TV,SmartCast,Others |
On the basis of geography, the market of 40 Inch TVs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The television industry is expected to make significant progress in IoT adoption, Move towards Smart TVs and The emergence of AI and Machine Learning
Market Growth Drivers:
The Rise in Disposable Income among the People, Growing Internet Penetration and Low Cost of 40 Inch Tvs Also Contributing to the Growth of the Market
Challenges:
Tuning In To Consumer Demands Is One of the Major Challenge
Restraints:
Availability of Bigger Size TVs May Hamper the Growth of the Market
Opportunities:
Rising Demand from Developing Regions and Continuous Technological Advancements
Key Target Audience
40 Inch Tvs Manufacturers, 40 Inch Tvs Sub Component Manufacturers, Traders/Distributors, Importer/Exporter, Technology Investors, Downstream Vendors, End Users and Others
Market Leaders & Development Strategies
On 17 Sept. 2019, Xiaomi has launched Mi TV 4A 40-inch in India. The Mi TV 4A 40-inch costs INR 17,999 (USD 250.84) in India.
On 6 Aug 2019, Samsung, the largest consumer electronics and mobile phone brand, announced its new online exclusive range of TVs – The Frame and Smart 7-in-1 TV. A revolutionary lifestyle TV – The Frame – offers a perfect balance of technology, functionality, and aesthetics. The new Samsung Smart 7-in-1 TVs have been designed for young millennials and consumers of online content, available in 32 inch and 40-inch variants.