UAE Smart TV Market Report 2023: Increase in the Demand for Luxury Homes, Growing Demand for OTT Platforms and Rapid Growth of Gaming Consoles Fuels the Market - ResearchAndMarkets.com

The "UAE Smart TV Market | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT: Market Forecast By Screen Size, By Resolution, By Technology, By Distribution, By Regions And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

According to the publisher, UAE Smart TV market size is projected to grow at a CAGR of 4.6% during 2022-2028.

Companies Mentioned

  • Samsung Electronics Co., Ltd.
  • Sony Group Corporation
  • LG Electronics.
  • Xiaomi
  • Panasonic Corporation
  • Toshiba Corporation
  • TCL Electronics Holdings Limited
  • Sharp Corporation
  • Koninklijke Philips N.V
  • Skyworth Group Limited

This market report comprehensively covers the market by Screen Size, Resolution, Technology, Distribution, Regions, and Verticals. UAE Smart TV market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

UAE Smart TV Market Synopsis

UAE Smart TV market witnessed market growth in the period 2018-20 on account of expansion in the residential sector and rising hospitality sector.

Increase in the demand for luxury homes, growing demand for OTT platforms, rapid growth of gaming consoles, internet protocol connected devices along with increase in disposable income are expected to boost the demand of smart TV market in the forecast years.

Additionally, the 2020 lockdown and the fear of the spread of coronavirus majority of people were staying at home and practicing social distancing which resulted in an increase in demand for online YouTube video streaming, downloads, news channel and conference meetings among others, which thereby has increased the use of smart TVs in the country during pandemic.

Market by Screen Size

Above 65" dominated the UAE Smart TV market in 2021, owing to rising sale of luxury homes in the country, which increased by 39% in 2021.

Furthermore, growing working-class population which accounts for around 65% of the total population contributes for the rising demand for smart TV.

For instance, above 65" offers an immersive gaming experience accompanied by big screen also provides a cinematic experience at home for the upcoming FIFA world cup. Additionally, rising disposable income, expanding demand for OTT platforms like Netflix and Amazon Prime that offer 8K UHD rich content augmenting the demand for big screen smart TV in the years to come.

Market by Resolution

By resolution, 8K resolution is expected to register highest growth in upcoming years on account of growing customer demand for Smart TVs with high-resolution picture quality.

The growing demand for OTT services like Netflix and Amazon Prime Video as well as a shift in consumer desire to stream content from these services in 8K resolution rather than Full HD would surge the demand for 8K UHD, thereby driving UAE Smart TV Market positively during the forecast period.

These 8K resolution products offer improved AI capabilities to deliver dynamic picture quality at a lower cost than 4K series, which will further increase demand for 8K resolution Smart TVs in the years to come.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • Historical Data Starting from 2018 to 2028.
  • Base Year: 2021
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.

Key Highlights of the Report

  • UAE Smart TV Market Overview
  • UAE Smart TV Market Outlook
  • UAE Smart TV Market Forecast
  • UAE Smart TV Revenues and Volume for the Period 2018-2028F.
  • Historical Market Data and Forecast of UAE Smart TV Revenues and Volume, By Screen Size for the Period 2018-2028F.
  • Historical Market Data and Forecast of UAE Smart TV Revenues, By Resolution for the Period 2018-2028F.
  • Historical Market Data and Forecast of UAE Smart TV Revenues, By Regions for the Period 2018-2028F.
  • UAE Smart TV Market Revenue Ranking, By Companies.
  • Covid-19 Impact on UAE Smart TV Market
  • Market Drivers and Restraints
  • Market Trends
  • Market Opportunity Assessment
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Screen Size

  • 32-45"
  • 46-55"
  • 56-65"
  • Above 65"

By Resolution

  • 4K UHD
  • 8K UHD
  • Full HD

By Technology

  • LED/QLED
  • OLED

By Distribution

  • Online
  • Offline

By Regions

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ajman
  • Umm Al-Quwain
  • Fujairah
  • Ras Al Khaimah

For more information about this report visit https://www.researchandmarkets.com/r/x2nzw8

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.