Dublin, August 12, 2024 (GLOBE NEWSWIRE) — The report “Smart TV Sticks – Global Strategic Business Report” has been added to The Offer.

The global Smart TV Sticks market is valued at USD 1.4 billion in 2023 and is expected to reach USD 2.1 billion by 2030, growing at a CAGR of 6.0% between 2023 and 2030. This comprehensive report offers in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.

The growth in the smart TV stick market is driven by several factors, including continuous improvement in digital infrastructure, changes in consumer habits, and the general move towards smart home technologies. Improved internet speeds and widespread use of broadband services have made streaming of high-quality video content more accessible and encouraged more consumers to use streaming devices. Consumer behavior has also evolved, preferring on-demand content over traditional television programming, which has fueled the demand for devices with flexible viewing options.

In addition, increasing consumer interest in smart home devices has increased the appeal of smart TV sticks as they can easily integrate with other smart devices and ecosystems, providing a unified point of control for various functions in the home. This convergence of technology and consumer preferences makes for a robust and growing market for smart TV sticks and reflects general trends toward connectivity and convenience in consumer electronics.

Key questions answered:

• How is the global smart TV stick market expected to develop by 2030?
• What are the key drivers and restraining factors affecting the market?
• Which market segments will grow the most during the forecast period?
• How will the market shares of different regions and segments change by 2030?
• Who are the leading players in the market and what are their prospects?

Key findings:

• Market Growth: Understand the significant growth curve of the non-4K TV sticks segment which is expected to reach $1.2 billion by 2030 at a CAGR of 5.8%. The 4K and above TV sticks segment is also expected to grow at a CAGR of 6.2% during the analysis period.
• Regional Analysis: Gain insights into the US market, estimated to reach $381.0 million in 2023, and China, which is forecast to grow at an impressive CAGR of 9.6% per year to reach $445.8 million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.

Reporting features:

• Comprehensive market data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.
• Detailed Regional Analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
• Company Profiles: Coverage of major players like Amazon.com, Inc., ASUSTeK Computer Inc., Bharti Airtel Ltd. and more.
• Free Updates: Get free report updates for one year to stay informed of the latest market developments.

Main features:

MARKET OVERVIEW

• Insights into the influencer market
• World market development
• Global economic update
• Smart TV Sticks – Percentage market share of the most important competitors worldwide in 2024 (D)
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• Demand for streaming content drives growth in the smart TV stick market
• Universal access to fast broadband promotes the spread of smart TV sticks
• Developments in smart home network technologies support market growth
• Consumer demand for portable and user-friendly devices
• Consumer preferences are shifting towards minimalist and integrated home entertainment
• Improved data security for connected devices
• Expansion of content libraries and partnerships with content providers

Focus on selected players (Total 44 presented)

• Amazon.com, Inc.
• ASUSTeK Computer Inc.
• Airtel India Ltd.
• Dish TV India Ltd.
• Geniatech Inc.
• Google LLC
• Matricom
• MECOOL
• Roku Inc.
• SDMC Technology Co., Ltd
• Shenzhen Tomato Technology Co. Ltd.
• Sky PLC (now TV)
• Sky Germany
• Topleo Technology Ltd.
• Xiaomi Corporation

For more information about this report visit https://www.researchandmarkets.com/r/4ux9xw

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• Global Smart TV Stick Market