Smart TV Market Report 2026

The smart tv market size has grown strongly in recent years. It will grow from $229.62 billion in 2025 to $244.41 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rising adoption of digital entertainment, increase in broadband penetration, affordability of smart tvs, growth of streaming services, advancements in display technology.

The smart tv market size is expected to see strong growth in the next few years. It will grow to $322.18 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to integration with AI and iot devices, expansion of cloud-based streaming, rising demand for immersive content, development of 8k and oled technologies, smart home ecosystem expansion. Major trends in the forecast period include AI-powered content recommendation, voice-activated tv controls, cloud-based streaming platforms, interactive ar/vr tv experiences, smart home integration.

The surge in popularity of video-on-demand (VoD) services stands as a significant driver behind the expanding smart TV market. VoD, an innovative feature of Internet Protocol TV (IPTV), provides users with a vast array of available videos to stream via the Real-Time Streaming Protocol. For example, in December 2023, Netflix Inc., a US-based media services provider, reported that total paid memberships reached 80.13 million, an increase from 74.3 million at the end of December 2022. Therefore, the growing popularity of video-on-demand services is driving the expansion of the smart TV market.

Leading companies in the smart TV market are increasingly concentrating on developing advanced display technologies to improve viewer experiences and broaden entertainment options. Advanced display technology encompasses innovative systems that enhance visual performance through better color accuracy, brightness, and contrast, often employing techniques such as quantum dots, mini LEDs, and OLEDs to provide exceptional image quality and immersive viewing experiences. For example, in May 2024, TCL Technology, a consumer electronics company based in China, introduced QD-Mini LED TVs. These TVs represent a significant advancement in smart TV technology, combining Quantum Dot and Mini LED innovations to deliver outstanding picture quality with vibrant colors and remarkable brightness. They are designed with thousands of local dimming zones, allowing for precise contrast control and deeper blacks, thereby enhancing the overall viewing experience. Furthermore, these TVs are equipped with advanced processing capabilities, making them well-suited for gaming and cinematic experiences, while also supporting features like Dolby Atmos for an immersive audio experience.

In February 2024, Walmart, a US-based retail corporation, announced its agreement to acquire VIZIO Holding Corp. for an undisclosed sum. This acquisition is intended to bolster Walmart's position in the consumer electronics market by enhancing its product offerings and incorporating VIZIO's innovative technology into its retail operations. VIZIO Holding Corp. is recognized for its high-quality televisions and smart home products, aligning with Walmart's strategy to provide a broader range of entertainment options for its customers.

Major companies operating in the smart tv market are Sony Corporation, LG Corporation, TCL Corporation, Koninklijke Philips NV, Haier Electronics Group Co. Ltd., Panasonic Corporation, Samsung Electronics Co. Ltd., Toshiba Corporation, Intex Technologies Ltd., Vizio Inc., Sharp Corporation, Sichuan Changhong Electric Co. Ltd, FunAI Electric Co. Ltd., JVC Kenwood Holdings Inc., Loewe Technology GmbH, Mitsubishi Electric Corporation, Onida Electronics, Sanyo Electric Co. Ltd., Seiki Digital, Skyworth Group Ltd., Vestel Elektronik Sanayi ve Ticaret AS, Xiaomi Inc., Grundig Intermedia GmbH, Hisense Kelon Electrical Holdings Co. Ltd.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the smart TV market by increasing import costs for finished products and critical components such as displays and semiconductors, leading to higher retail prices. Asia-Pacific regions, especially China, South Korea, and Taiwan, are the most affected due to their role as primary manufacturing hubs. The tariff imposition has slowed market growth in price-sensitive regions but has encouraged manufacturers to diversify sourcing and invest in local production, resulting in improved supply chain resilience and potential cost optimization opportunities for long-term market stability.

The smart TV market research report is one of a series of new reports that provides smart TV market statistics, including smart TV industry global market size, regional shares, competitors with a smart TV market share, detailed smart TV market segments, market trends and opportunities, and any further data you may need to thrive in the smart TV industry. This smart TV market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Smart TVs are digital televisions linked to the internet, allowing streaming of diverse content from various applications and accessing multiple streaming services. They can also connect wirelessly to other devices and are utilized across households, offices, and educational settings.

These TVs come in various types such as 4K UHD, Full HD, HDTV, and 8K TV. 4K Ultra HD offers a resolution four times higher than Full HD (1080p) TVs. These TVs employ different panel technologies like LCD, LED, OLED, and QLED, serving the needs of households, offices, educational institutions, and other end-users.Asia-Pacific was the largest region in the smart TV market in 2025. North America was the second-largest region in the smart TV market. The regions covered in the smart tv market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart tv market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart TV market consists of sales of 4K ultra-high-definition (UHD) TV, full high-definition (HD) TV, high-definition television (HDTV), and other smart TV. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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