AI, OTT Video Among Drivers for 19% TV Growth Over 4 Years, Says Technavio
Artificial intelligence, high resolution and voice control are among the features that will drive a 21% compound annual growth rate in TV sales through 2024 when global shipments are forecast to reach 293.3 million, reported Technavio Wednesday. Growth rate for…
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2020 is forecast as 18.9% higher than 2018, it said. Launches of smart TVs with advanced capabilities, such as Samsung’s QLED 8K TV with Bixby voice assistance and LG’s high-end OLED models with AI and deep learning, will contribute to significant growth for the category, said the researcher. Some 46% of growth is expected to come from the Asia-Pacific region. The rising popularity of over-the-top video content will further boost market growth during the forecast period, it said.