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Growth forecast for smart TV market

Azoth Analytics report projects 7.4 per cent growth over five years

The global smart TV market is projected to grow by 7.4 per cent over the next five years, according to a report by Azoth Analytics.

The report forecasts increasing demand for flat screen smart TVs, due to escalating global sport events and rising consumer spending on smart home appliances.

Demand for 4K and 8K TVs is also projected to rise, thanks to the increasing popularity of UHD TVs and falling smart TV prices.

North America accounted for the largest regional share in the global smart TV market in 2018, driven by advancement in electronics and internet of things technology, as well as increasing demand of online streaming among millennials.

The full report is available here.

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