Mexico Television Market Overview, 2028

Mexico Television Market Overview, 2028

Television is widely regarded as a form of entertainment and a means of escaping from everyday life. Television often plays a role in family and social bonding in Mexico. Families and friends gather around the TV to watch popular programmes together, fostering shared experiences and sparking discussions. Television can serve as a common topic of conversation and help strengthen social connections. Television often plays a role in family and social bonding in Mexico. Families and friends gather around the TV to watch popular programmes together, fostering shared experiences and sparking discussions. Television can serve as a common topic of conversation and help strengthen social connections. Smart TVs have gained significant popularity in Mexico. While non-smart TVs are still in use, the market trend has been shifting towards smart TVs. The rise of digital streaming platforms like Netflix, Amazon Prime Video, and Disney+ has contributed to the growing popularity of smart TVs. These platforms offer a vast library of content, including movies, TV series, and documentaries, and smart TVs provide an easy and direct way to access them. Smart TVs often come with additional features such as voice control, screen mirroring, built-in Wi-Fi, and compatibility with other smart devices in the home. These features enhance the user experience and offer added convenience and flexibility.

According to the research report Mexico Television Market Overview, 2028, published by Bonafide Research, the Mexico Television Market is expected to grow at a CAGR of above 3.62% from 2023 to 2028. Several major brands are prominent in the television market in Mexico. These brands offer a wide range of options, including both smart and non-smart TVs. Samsung, LG, Sony, TCL, Hisense, Philips, Panasonic, and Vizio are the prominent players in the Mexican market. There is a noticeable trend towards larger screen sizes in the Mexican television market. As prices become more affordable and consumer preferences lean towards a more cinematic experience, larger-sized TVs, such as those in the 50- to 75-inch range, are becoming more popular. Older adults, particularly those aged 50 and above, are a significant demographic for television viewership in Mexico. Many individuals in this age group have established television viewing habits and tend to rely on traditional broadcast channels for news, telenovelas, and other programming. Televisions are being integrated with smart home ecosystems, allowing users to control their TVs and access content through voice assistants and smart home devices. This integration enhances the overall connected living experience.

Televisions in Mexico are sold through various retail channels, including both physical stores and online platforms. Walmart operates numerous stores across Mexico and offers a wide range of consumer electronics, including televisions. They have both physical stores and an online platform where customers can browse and purchase TVs. Additionally, Liverpool is a department store chain in Mexico that offers a diverse selection of products, including televisions. They have physical stores in major cities as well as an online store for convenient shopping. Best Buy is a popular retail chain in Mexico that offers a range of consumer electronics, appliances, and household goods. Amazon Mexico and MercadoLibre are popular online marketplaces in Mexico that connect buyers and sellers. Economic conditions, including disposable income levels and purchasing power, can influence consumer spending on television and subscription services. Economic fluctuations and uncertainties can impact consumer demand and investment in the television market. The NOM-001-SCFI-1993 regulation, issued by the Mexican Ministry of Economy, establishes the safety requirements for electronic devices, including televisions. It covers aspects such as electrical safety, protection against electric shock, and prevention of fire hazards. Many television manufacturers in Mexico also ensure compliance with international standards and certifications, such as CE (Conformité Européene), FCC (Federal Communications Commission), and Energy Star. These standards ensure that the televisions meet safety, electromagnetic compatibility, and energy efficiency requirements for global markets.

Considered in this report
• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Mexico Television Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Type of tv
• Smart tv
• Non smart tv

By Distribution Channel
• Multi branded stores
• Supermarket
• Brand stores and Other
• Online

By Screen
• Full HD TV
• HD TV
• 4K UHD TV
• 8K TV

By Screen Size
• Bellow 32 Inches
• 32-45 Inches
• 46-55 Inches
• 56-65 Inches
• 65+ Inches

By End User
• Residential
• Commercial

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analysing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Frozen Food Market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Keywords:
Mexico, Smart Tv, binge watch, OLED and QLED Displays, Voice Control, LCD, LED, Online,Offline, Residential,Commercial.