India Television Market Competition Forecast & Opportunities, 2028

The Indian television market is currently witnessing robust demand and is poised for rapid expansion in the forthcoming years

The Indian television market is currently witnessing robust demand and is poised for rapid expansion in the forthcoming years. This growth is primarily attributed to the increasing popularity of large-screen televisions and smart TVs equipped with advanced features. Furthermore, the burgeoning demand for Over-The-Top (OTT) platforms in the country is significantly propelling the television market in India, driven by the preference for consuming OTT content on larger screens.

Currently, a plethora of smart TV manufacturers collaborate closely with OTT content providers and device suppliers to integrate relevant built-in functionalities into their products. These include a diverse range of OTT apps available on smart televisions. These features not only enhance the user experience of smart TVs but also transform them into comprehensive offerings that resonate with millennial consumers. The integration of smart televisions, a majority of which operate on Android or iOS platforms, is also augmented by proprietary operating systems developed by leading technology companies. This integration has facilitated the inclusion of multiple apps on modern smart TVs, rendering them exceedingly adaptable and dynamic.

Escalating Television Ownership Propelling Market Growth

According to data from the Broadcast Audience Research Council (BARC), India boasted approximately 210 million television households in 2021, marking a notable 6.9% increase from 197 million in 2018. Interestingly, rural India outpaced urban areas in terms of television ownership, with urban television households experiencing a 4% rise from 87.8 million in 2018 to 91 million in 2020. In tandem, rural areas witnessed a 9% surge, reaching 119.2 million TV households in 2020, up from 108.9 million. Moreover, as highlighted in a Mint article, a substantial opportunity awaits television manufacturers, as around 90 million households are yet to acquire a television.

Surging Demand for Smart Televisions Drives Market Expansion

Larger television screens have gained enduring favor among consumers, and the rise in disposable incomes has fueled the demand for Smart Televisions, constituting approximately 18-20% of sales within India's electronics sector. Smart TVs have transitioned from being niche products to mainstream favorites, captivating not only metropolitan areas but also smaller towns and Tier II cities due to their affordability comparable to conventional TVs. Smart TVs enable internet connectivity and provide access to a plethora of online content. India Brand Equity Foundation (IBEF) data projects that by 2025, the count of connected smart TVs will range between 40 to 50 million. These screens will host a variety of content, including gaming, social media, short videos, and content tailored for this audience by various media channels. Remarkably, the second quarter of 2021 witnessed a 65% year-on-year increase in smart TV exports from India, buoyed by substantial growth endeavors by original equipment manufacturers (OEMs) for their smart TV portfolios.

Surge in OTT Platform Popularity Driving Market Momentum

Consumers' media consumption habits have undergone a transformative shift. Traditionally, viewers adhered to scheduled cable or satellite broadcasts. However, the preference has shifted towards streaming services like Netflix, Amazon Prime, and YouTube, offering greater flexibility and content access. This trend has been bolstered by the convenience of viewing preferred content on larger screens. Data from the CII-BCG report titled 'Blockbuster Script for a New Decade' highlights that India's paid subscribers to OTT services surged from 14 million in 2018 to 70-80 million by the end of 2021. This drastic growth further cements the television market's high growth trajectory, fueled by the escalating popularity of OTT platforms in India.

Market Segmentation

The India television market is segmented on the basis of screen size, display type, distribution channel, and region. The market is further segmented into 50''-59'', 40''-49'', 39'' and below, and above 59'', based on screen size. The display type is further fragmented into LED, OLED, and others (LCD, QLED, etc.). The distribution channel is segmented into multi branded stores, supermarkets/hypermarkets, online, and others including institutional sales, exclusive stores, etc. On the basis of region, the market is divided into North, South, East, West.

Market Players

Samsung India Electronics Pvt Ltd., LG Electronics India Private Limited, Xiaomi Technology India Private Limited, Oneplus Technology India Private Limited, Sony India Private Limited, Hisense India Private Limited, TCL-India Holdings Private Limited, Intex Technologies (India) Limited, Panasonic Life Solutions India Private Limited, Haier Appliances India Private Limited are some of the major players in the India Television market.

Report Scope

In this report, India television market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Television Market, by Screen Size:

• 50''-59''
• 40''-49''
• 39'' and Below
• Above 59''

India Television Market, by Display Type:

• LED
• OLED
• Others (LED, OLED, Others (LCD, QLED, etc.))

India Television Market, by Distribution Channel:

• Multi Branded Stores
• Supermarkets/Hypermarkets
• Online
• Others (Institutional Sales, Exclusive Stores, etc.)

India Television Market, by Region:

• North
• South
• East
• West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India television market.

Available Customizations

The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.