“Global Outdoor TV Market By Type (Less than 40 inches, 40-50 inches, 50-60 inches, 60-70 inches, More than 70 inches), By Application (Commercial and Residential) and Region- Global Market Size, Status and Forecast to 2026″, published by Verified Market Research.
The Global Outdoor TV Market size is projected to grow from USD 1,256.35 Million in 2018 to USD 2,813.31 Million by 2026, at a CAGR of 10.84% from 2019 to 2026. Rising urban populations and growing middle class along with improved lifestyle in developing countries is expected to support market growth during the forecast period.
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54 – Tables
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In terms of Type, the 50-60 Inches segment is estimated to be the fastest-growing type in the Global Outdoor TV market in 2019-2026.
By Application, the market is classified into Commercial, Residential. Global Outdoor TV Market for Commercial segment is expected to be largest during the forecast period. The outdoor TVs are heavily used in sports stadiums and complexes to display and broadcast the live match to their audience. Outdoor TVs are installed in several entertainment venues to attract and catch the attention of their customers. Such televisions can be seen in amusement parks and national parks. In several resorts and hotels, outdoor TVs are installed as welcome screens and advertising their hotel services.
In addition to this, wide open Western Europe, U.S. & China markets is likely to create enormous opportunities for the market growth. The three biggest market in the Europe outdoor TV market are Germany, the UK, and France due to higher participation of these countries’ residents in outdoor activities for entertainment and increasing aging population. The United States is among the leading countries in the North America outdoor TV market due to higher technological advancements in outdoor TV such as TV display screens, presence of large numbers of manufactures of outdoor TV in the U.S., and enhanced sales of outdoor TVs. China is witnessing rapid growth in the global outdoor TV market in the last few years and is predicted to progressively increase in the coming years.
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North America dominated the Global Outdoor TV Market in 2018. US market accounted for the majority of the market in this region in 2018, which is expected to continue over the forecast period. High internet penetration rates, digital infrastructure, and adoption of technologically advanced products for outdoor entertainment activities are among the major factors augmenting the North America outdoor TV market growth.
PEERLESS-AV, LUXURITE, SUNBRITETV, MIRAGEVISION, SEURA and SKYVUE among others are the key players operating in the Global Outdoor TV market. Acquisitions and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Global Outdoor TV Market.
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