Albany, NY -- (SBWire) -- 09/16/2016 --The global curved television market is expected to reach a valuation of US$8.4 bn by 2019. On the basis of screen size, mid-sized television segment stood as the leading segment with 61.3% of the market in 2013. This is mainly due to the increased use of 65 inch and 55 inch for commercial and residential use.
High Image Quality Offerings Benefit Market Growth
The demand for enhanced visual quality is a major factor driving the global curved television market. Presently, consumer expectations are increasing for better features, predominantly image quality. Curved television with 4K resolution has significantly amplified the image quality for end-users on the large screen. Key players such as Samsung and LG are developing newer products to serve consumer demand pertaining to image quality and display.
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The inclusion of features such as a thin display is also augmenting the demand for curved television. This offers space saving advantage for consumers along with image quality and reduced power consumption features of curved television.
The global market for curved televisions is highly consolidated and characterized by the dominance of two players, namely Samsung Electronics Co. Ltd. and LG Electronics Inc., points out Transparency Market Research (TMR). These two companies held close to 90% of the global curved televisions market in 2013. However, the entry of existing television manufacturers in the curved television segment will increase the degree of competition in this market in future.
A TMR analyst says, "Key players in this market are concentrating on integrating channel services, which include logistics network, virtual networks, service networks, and distribution network in order to deliver end-to-end solutions for customers." This helps companies to enhance their competitive strength for business expansion.
Business growth by means of brand promotion in new markets is a key growth model that top companies are adopting. This is complemented by promoting product customization by means of emerging channels such as the Internet.
Innovative designs and utilization of cutting-edge technology are also what key players in this market are offering to gain competitive advantage.
Curved Televisions Market - Latest Research, Trends, Competitive Outlook & Forecast
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