Global 3D, LED, HD, and Smart Televisions Market Propelled by Increasing Consumer Demand

ALBANY, New York, February 24, 2016: Transparency Market Research (TMR) presents a research report on the global 3D, LED, HD, and smart television market; the report provides a 360-degree overview of the market’s proceedings for the 2014-2020 period. In this report, trends and growth prospects for each of the product segments, viz. 3D, HD, LED, and smart television are looked into for the forecast period.
 
In the home entertainment space, smart televisions have mixed technological capabilities with entertainment to offer a heightened entertainment experience. Smart televisions offer a large spectrum of features through Internet-connected services, which is an exceptional advancement over traditional CRT televisions. Smart televisions are equipped with Wi-Fi capability or an Ethernet port that enables the user to connect to the Internet. Currently, connected TVs are in their fourth generation, with top manufacturers competing to offer the best experience in terms of user interface, application development, and content aggregation.

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The other capabilities of smart TVs are video and audio streaming; the operating system of Smart TVs supports apps and widgets for these functionalities. In addition to this, TV recording and internet browsing are some of the other functionalities that smart TVs offer. Thus, smart TVs can be used for watching online movies, TV shows, listening music, reading news, playing social games, weather information, browsing social networking sites, and making internet voice calls, which were the capabilities of smartphones and computers previously.
 
According to the report, the increasing popularity of 3D visual content and availability of 3D movies and 3D videos on the internet are the reasons for the rising popularity of 3D television. With a large number of manufacturers foraying into the 3D TV space and competing for a larger market presence, the prices of 3D TVs will drop in the coming years. Due to the dropping prices of these devices, 3D TVs will be affordable to a larger consumer base, especially in developing economies. Plasma 3D, LED 3D TVs, and LCD 3D are the product segments of the global 3D TV market.
 
In current times, the increasing demand for energy-efficient devices has boosted the demand for LED TVs. Reduced size and high quality of the video output are the major factors for the increasing sales of LED TVs. Within the consistent product development in LED TV configurations, product manufacturers are currently focused on offering better viewing angles, leading to the introduction of curved LED TVs. Curved LED TVs incorporate high definition and other smart features, leading to the surging demand for these devices. However, the enormous price difference between LED TVs and traditional CRT TVs makes the former affordable only for a small consumer base. Moreover, with the rising popularity of IPTV and a large number of internet providers for online sports telecasts and TV shows, growth of the LED TV market is further challenged.
 
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