Study: Smart TV Global Penetration To Reach 54% Of Homes By 2026
The estimated global penetration of smart TVs at the end of 2020 stood at 665 million households (or 34% of households around the world), according to a new study from market research firm Strategy Analytics. The study released last week further forecasts the penetration number…
CTA: 2021 U.S. TV Sales To Decline In Units But Grow In Revenue
The Consumer Technology Association (CTA) has released its mid-year industry forecasts study predicting retail sales revenue for the U.S. tech industry will reach a record-breaking $487 billion by the end of the year, reflecting a 7.5% jump from a year ago. The forecast is expecting…
Strategy Analytics: Global CE Industry Grew In 2020
Despite the impact of COVID-19 around the world last year, sales of consumer electronics products generated factory dollar revenue of $358.5 billion, up 7% from 2019, according to data released by market research firm Strategy Analytics. According to the firm’s Global Consumer Electronics Market Forecasts…
High-End TV Display Growth Predicted Through 2025
High-end TV displays are expects to be 30% of all TV display in 2025 in unit base, and 57% in revenues base according to Omdia’s latest 3Q20 Display Long-Term Demand Forecast Tracker. As the sitcom song goes, “we’re movin’ on up” in the mix of…
NPD: Bigger Screens, HDR Driving TV Replacements
U.S. consumers continue to gravitate to larger and larger TV screen sizes with the number of installed sets measuring 60-inches and larger, up 15% from a year ago, according to data recently released by U.S. market research firm NPD. At the same time, the average…
Omdia: Gaming Devices Should Boost 2021 TV Shipments
The unlikely growth seen in TV sales during this year of the pandemic should continue in 2021 largely due to the 2020 holiday launches of Sony’s PlayStation 5 and Microsoft’s Xbox Series X next-gen video game consoles, market research Omdia recently announced. Omdia didn’t supply…
Report: TV Panel Prices Rising As TV Brands Fight For Market Share
COVID-19 or not, pricing on LCD panels used for TVs have been on an upswing this summer with demand for 55- and 32-inch sizes climbing about 10%, positively impacting profitability of panel makers and eating into margins of TV manufacturers heading into the holidays. But…
Ups And Downs In U.S. TV Sales Start To Stabilize As Q2 Progresses
With the COVID-19 pandemic continuing to complicate the business of television selling, we thought it was high time to take the industry’s temperature again. According to U.S. market research firm The NPD Group, the impact of COVID-19 on U.S. television sales has taken some hard…
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