Foldable Smart TV Market Size, Share & Trend Analysis By Display Type, By Application, By Sales Channel, Regional Outlook, Competitive Tactics, and Segment Forecast to 2030

Foldable Smart TV Market Size, Share & Trend Analysis By Display Type, By Application, By Sales Channel, Regional Outlook, Competitive Tactics, and Segment Forecast to 2030

Category : Consumer Goods & Services Reports | Delivery Format : PDF,PPT | Publisher: Reports & Insights | Pages : 270+

Foldable Smart TV Market Overview:

By the end of 2030, it is anticipated that the global market for foldable smart TV market will be worth US$ 20.3 Bn, as per the latest industry analysis by Reports and Insights.

foldable smart TV market report image

Smart TVs have become a must have item in both developed and developing countries. The use of foldable smart TVs not only limited to entertainment but it has somehow helps to manage the aesthetics of the house. One of the key enablers for smart TVs has been google assistance along with the help of AI technology. Smart TVs have become a one spot platform for smart living. 

Further, the latest 4K smart television is a revolutionary change in the modern television industry. The key factors that have greatly contributed to the growth and development of foldable 4K smart Tv are the latest technology changes like the self-lit OLED technology, improved image quality, better and high resolution, AI and gaming features and many others. These factors have influenced the demand for foldable smart TVs in the residential as well as commercial spaces.

This market study on the global foldable smart TV market aims to cover market dynamics such as market drivers, challenges/restraints, and opportunities for the market players. It will also cover market segmentation outlook, foldable smart TV market trend, regional outlook, foldable smart TV market size, and market share, as well as industry and product insights, SWOT analysis, Porter's five force analysis, PESTEL analysis, heat map analysis, market forecast, and the major players operating in the foldable smart TV market.

Scope of the Report:

Report Metric

Report Details

Market size available for the years

2022-2030

Base year

2021

Forecast Period

2022-2030

Segments Covered

By Display Type, By Application, By Sales Channel, and By Region

Regions Covered

North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa

Companies Covered

AWOL Vision, Hisense International, and LG Electronics among others

 

Foldable Smart TV Market Drivers: Futuristic Device Design

Manufacturers are focused on innovating new designs and technology to attract consumers; LG has rolled out very high-end rollable television that unfurl like a projector screen from sleek storage compartments. The signature OLED R made its debut at the 2020 CES and is currently priced around US$ 87,000. And unlike curved devices, these rollable screens have much more applicable uses and many actually find adoption in the near future. Introduction of such designs in the market will create huge traction among consumers resulting in the increase demand for the product in the near future.

Foldable Smart TV Market Restraints: High Maintenance Cost

Repairing a foldable smart TV with multiple mechanical parts can be more expensive than repairing a conventional TV with a single function. On top of that, LG's foldable TV has a one-year warranty. With unknown design and durability issues, as well as high price tags, one year seems excessively less for a TV of this caliber. Also, majority of consumers in developing countries perceive smart TVs as expensive product and are apprehensive to incorporate the same in their daily lifestyle, as a result, these factors are expected to hinder the market growth.

Foldable Smart TV Market Opportunities: Global Expansion of 5G Technology

The expansion of 5G technology will simplify operations and aid in the smooth operation of foldable smart TVs. 5G technology is not only going to pace up the internet connectivity but will also enhance the overall experience of digital communication. Furter, with the incorporation of IoT in homes, there has been a rapid increase in demand for smart TVs, and this trend is expected to continue in the future.

Moreover, the growing demand for smart homes and smart appliances, has been a complementing factor for smart TVs. As a result, with the emergence of 5G technology, consumers will have a better experience pertaining to the usage of smart devices wowing to better connectivity and high-speed internet, which is estimated to fuel the demand for foldable smart TVs in the near future. 

Foldable Smart TV Market, by Type:

Based on the Display Type, the global foldable smart TV market is segmented into; HDR and OLED.

Foldable Smart TV Market, by Application:

Based on the Application, the global foldable smart TV market is segmented into; Residential and Commercial.

Foldable Smart TV Market, by Sales Channel:

Based on the Sales Channel, the global foldable smart TV market is segmented into Hypermarkets/Supermarkets, Multi-brand Stores, Specialty Stores, Online Retailers and Other Sales Channel.

Foldable Smart TV Market, by Region:

During the projected period, North America, led by the U.S., will continue to be the most lucrative market for foldable smart TV. The region’s market growth is due to the increased disposable income among individuals and improved standard of living in the region. The region's market is anticipated to be driven by the quick uptake of smartphones, internet, and other technologically advanced devices. Additionally, the use of AI-based digital assistants for everyday tasks, like Siri and Alexa, has a substantial impact on market expansion.

In 2022, China and India were among the key consumers in the APAC market. Consumer willingness to spend on smart TVs has increased in recent years, particularly in emerging economies such as India and other Southeast APAC countries such as Thailand, Hong Kong and Singapore supporting APAC's growing demand for high-end foldable smart TV. Further, an increase in the number of OTT content subscriptions, as well as the availability of technologically advanced smart TVs like the foldable one, has aided the region's market growth.

Moreover, real estate is one of the most rapidly growing sectors in India and China. The increasing constructions demand for office space as well as semi-urban and urban accommodation complimented by the growth of corporate environment is likely to grow the demand for the foldable smart TVs in the near future.

Foldable Smart TV Market Key Players Analysis:

LG Electronics Inc., Hisense International, and AWOL Vision and many others are the top leading players in the foldable smart TV market.

Recent Developments by Key Players:

In 2020, LG launched its first 65 Inch signature OLED R rollable TV at seven consumer electronic stores in South Korea. The Signature OLED R is built around a flexible OLED panel that LG describes with characteristic restraint as "the most innovative development in television technology in decades.


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Frequently Asked Questions

The global foldable smart TV market in 2022 is estimated for more than US$ *** Bn and expected to reach a value of US$ 20.3 Bn by 2030 with a significant CAGR of *** %.

The base year for the report is 2021 in foldable smart TV market.

Foldable smart TV market is segmented on the basis of technology, type, application, and region.

LG Electronics Inc., Hisense International, and AWOL Vision and many others are the top leading players in the foldable smart TV market.



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