Mexico Smart TV Market to Expand at a CAGR of 14.5% Over 2023-2028

PRESS RELEASE
Published April 13, 2023

The latest research study “Mexico Smart TV Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the Mexico smart TV market is expected to exhibit a growth rate (CAGR) of 14.5% during 2023-2028.

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Industry Definition and Application:

A smart television (TV), also represented as a connected TV, is a next-generation device with internet connectivity and Web 2.0 features. It offers numerous functionalities, such as a graphical user interface (GUI), on-demand content, wireless connectivity, OTT service streaming, etc. Some of the generally available types of smart TVs are organic light-emitting diode (OLED), light-emitting diode (LED), liquid crystal display (LCD), quantum dot light-emitting diode (QLED), etc. Smart TVs provide seamless solutions for surfing, sharing, communicating, and downloading content.

Mexico Smart TV Market

Mexico Smart TV Market Trends and Drivers: 

The escalating internet penetration levels and the increasing popularity of online video streaming services, including YouTube, Netflix, Hulu, Vimeo, etc., are among the key factors augmenting the Mexico smart TV market. Furthermore, the elevating integration of smart TVs with wireless input devices, such as smartphones, keyboards, tablets, etc., for navigation, improving usability, enabling text entry, and internet browsing is acting as another significant growth-inducing factor. Moreover, the expanding consumer inclination towards premium sports, movies, and entertainment content via Video on Demand (VoD) platforms is also bolstering the market across the country. Besides this, the launch of flexible smart TV panels that give several benefits to both curved and flat panel displays is further catalyzing the market growth. Apart from this, the growing number of consumer electronics companies, which are collaborating with OTT content providers to offer inbuilt features in their television sets, thereby eliminating the need for a set-top box, is also driving the product demand. Additionally, the inflating investments in research and development (R&D) activities aimed at introducing innovative variants with convenient access, pixel-less imagery, artificial intelligence (AI) upscaling, low installation costs, etc., are expected to positively influence the Mexico smart TV market in the coming years.

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Report Segmentation: 

The report has been segmented the market into following categories:

Breakup by Resolution Type:

4K UHD TV

Full HD TV

HDTV

8K TV

Breakup by Technology:

LCD

LED

OLED

QLED

Breakup by Screen Size:

Below 32 Inches

32 to 45 Inches

46 to 55 inches

56 to 65 Inches

Above 65 Inches

Breakup by Screen Type:

Flat

Curved

Breakup by Platform:

Android

Roku

WebOS

Tizen OS

iOS

My Home Screen

Others

Breakup by Application:

Residential

Commercial

Breakup by Distribution Channel:

Offline

Online

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List of Major Key Players:

The major players in the market are Apple Inc., Hitachi, Ltd., Koninklijke Philips N.V, Panasonic Corporation, Samsung Electronics Co. Ltd., Haier Group, Hisense International, Sony Corporation, TCL, and Toshiba.

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