TV
Global Televisions (TVs) Market to Reach $193.3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Televisions (TVs) estimated at US$111.2 Billion in the year 2020, is projected to reach a revised size of US$193.3 Billion by 2027, growing at aCAGR of 8.2% over the period 2020-2027. LCD TVs, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$114.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the OLED TVs segment is readjusted to a revised 16.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $30.4 Billion, While China is Forecast to Grow at 10.9% CAGR
The Televisions (TVs) market in the U.S. is estimated at US$30.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$37.8 Billion by the year 2027 trailing a CAGR of 10.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.
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