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Connected TV to Dominate Global TV Shipments by 2015
As emerging markets drive the global TV market forward, connected TV is expected to be the dominant platform by 2015, according to new research from Futuresource Consulting.
London, UK(19 Jan 2012)
With forecasts exceeding 80% of units shipped by 2015, connected TVs are expected to lead the way in global TV shipments escalating from 27% in 2011, according to new research from Futuresource Consulting. On a regional level, Japan leads the way in the adoption of connected TVs, with 59% of shipments in 2011 integrating IP connectivity as standard. Penetration in the USA and China hit 29%, however Europe is behind the curve with 24% of TV sales being connected.
As demand for connected TVs gains momentum, major TV manufacturers are responding by making IP connectivity a standard feature in 60% to 80% of their product portfolio. In addition, embedded Wi-Fi is expected to drive usage moving forwards and many premium models now incorporate this feature enabling consumers to connect and use with ease.
Looking to the wider market, as developed territories head towards saturation the world's emerging markets including Brazil and India, witnessing 40% and 86% growth respectively, look set to be driving the global consumer TV industry.
Market development will be primarily driven by LED TV shipments, accounting for 90% of units to be shipped globally by 2015. Other technologies including LCD, PDP and CRT are expected to decline throughout the forecast period, while OLED currently used in smartphone technology, will gain traction in TV development by 2015. Market leaders Samsung and LG are already showcasing this technology with launches anticipated in 2012.
Increased product availability and falling price premiums have contributed to a growth in global shipments of 3DTVs. Shipments of 16 million units are expected for 2011 once final numbers are in, with anticipated growth throughout the forecast period accounting for 50% of the market in 2015.
One of the key reasons behind the growth of 3DTVs is that consumers are purchasing the 3D function by default when looking to upgrade to higher-end models, mainly as they are unaware of the in-built 3D capability at the time of purchase.
The new TV Market Report from Futuresource Consulting provides an update for the global consumer TV market. It reviews key developments in the market up to 2011 and provides an outlook to 2015. It profiles key regions and countries and reviews the major developments in terms of product features and the competitive landscape.
The report consists of the following sections:
* Flat Panel TV Market Development by Region: Global
* Global Flat Panel TV Revenues Flattening as the Market Saturates
* TV Market Profile by Country
* TV Market Development by Technology: Global
* Flat Panel TV feature Development: Global
* Flat Panel TV Market Shipments by Vendor: Global
* Vendor Share of Flat Panel TV Shipments (Volume) by Country 2011
To find out more visit www.futuresource-consulting.com or contact Simon Bryant via email@example.com.
Futuresource Consulting is a specialist research and knowledge-based consulting company, providing organisations with insight into consumer electronics, digital imaging, entertainment media, broadcast, storage media, education technology and IT. With a heritage stretching back to the 1980s, the company delivers in-depth analysis and forecasts on a global scale, advising on strategic positioning, market trends, competitive forces and technological developments.