Philippines Smart TV Market (2023-2029) | Size, Share, Analysis, Trends, Industry, Forecast, Growth, Revenue, Segmentation, Outlook & COVID-19 IMPACT

Philippines Smart TV Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by China, Hong Kong SAR. It has registered a decline of -15.33% over the previous year. While China, Hong Kong SAR registered a growth of 32.92% as compare to the previous year. In the year 2017 China was the largest exporter followed by Viet Nam. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Philippines has the Herfindahl index of 1881 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  2895 which signifies high concentration in the market.

Philippines Smart TV Market - Export Market Opportunities

Topics Covered in the Philippines Smart TV Market

The Philippines Smart TV Market report thoroughly covers the market by screen type, by pannel type, by resolution type, by distribution channel, and by end-use.  The Philippines Smart TV Market outlook report provides an unbiased and detailed analysis of the ongoing Philippines Smart TV Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Philippines Smart TV Market Synopsis

The Philippines Smart TV Market is expected to grow enormously in the upcoming years. The growth is mainly attributed to the growing popularity of streaming services, rising disposable incomes, and the increasing affordability of smart TVs. There is potential for further penetration of smart TVs into various households. Also, there is an opportunity to increase the use of smart TVs for gaming purposes and browsing the internet.

According to 6Wresearch, the Philippines Smart TV Market is projected to grow at a higher growth rate during 2023-2029. The country has a large population and a growing economy. Additionally, a high level of technological literacy, economic expansion, and the launch of new services and applications will further increase demand for Smart TVs. Moreover, increasing Internet penetration and growing demand for online content are other factors contributing to the Philippines Smart TV Market growth. The increasing penetration of broadband Internet in the country is providing a boost to the growth of the smart TV market as consumers are increasingly spending more time watching streaming content on their smartphones and other devices. However, the high cost of smart TVs, the lack of content available for smart TVs in the Philippines, and the lack of awareness about smart TVs in the Philippines are some of the challenges hindering the growth of Philippines Smart TV Market Industry.  

COVID-19 Impact on the Philippines Smart TV Market

The COVID-19 pandemic influenced the Philippines smart TV market share. With the implementation of lockdowns and restrictions on social gatherings, people have spent more time at home, leading to increased demand for smart TVs as a source of entertainment.  However, the pandemic has also caused disruptions to supply chains, leading to a shortage of raw materials.  Additionally, the economic impact of the pandemic has led to a decrease in purchasing power which has affected the demand for smart TVs.

Key Players in the Philippines Smart TV Market

There are several players operating in the Philippines smart TV market, including:

• Samsung
• LG
• Sony
• Sharp
• Panasonic
• Devant

Market Analysis by Screen Type

In terms of screen type, the 41 to 59-inch segment is the largest segment in the Philippines smart TV market on account of the increasing demand for larger screen sizes.

Market Analysis by Panel Type

According to Dhaval, Research Manager, 6Wresearch, the LED segment is the largest segment in the market, accounting for a majority of the market share. However, the OLED segment is anticipated to grow enormously owing to the surging demand for higher-quality displays.

Market Analysis by Resolution Type

Based on resolution type, the 4K UHD TV segment is dominating the Philippines smart TV market share owing to its higher resolution display compared to HD and Full HD TVs. However, the 8K TV segment is also growing due to the emergence of new technologies.

Market Analysis by Distribution Channel

By Distribution Channel, the indirect segment includes retailers and e-commerce platforms. This segment is the largest segment in the smart TV market. However, the direct distribution channel is expected to grow at a faster rate in the upcoming years backed by the growing adoption of online shopping.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Philippines Smart TV Market Outlook
• Market Size of Philippines Smart TV Market, 2022
• Forecast of Philippines Smart TV Market, 2029
• Historical Data and Forecast of Philippines Smart TV Revenues & Volume for the Period 2019 - 2029
• Philippines Smart TV Market Trend Evolution
• Philippines Smart TV Market Drivers and Challenges
• Philippines Smart TV Price Trends
• Philippines Smart TV Porter's Five Forces
• Philippines Smart TV Industry Life Cycle
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Screen Type for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By 28 to 40 inch for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By 41 to 59 inch for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By 60 Inch & above for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Pannel Type for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By LED for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By OLED for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By QLED for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Resolution Type for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By HD TV for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Full HD TV for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By 4K UHD TV for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By 8K TV for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Direct for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Indirect for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By End Use for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Commercial for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Residential for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Smart TV Market Revenues & Volume By Others for the Period 2019 - 2029
• Philippines Smart TV Import Export Trade Statistics
• Market Opportunity Assessment By Screen Type
• Market Opportunity Assessment By Pannel Type
• Market Opportunity Assessment By Resolution Type
• Market Opportunity Assessment By Distribution Channel
• Market Opportunity Assessment By End Use
• Philippines Smart TV Top Companies Market Share
• Philippines Smart TV Competitive Benchmarking By Technical and Operational Parameters
• Philippines Smart TV Company Profiles
• Philippines Smart TV Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Screen Type

• 28 To 40 Inch
• 41 To 59 Inch
• 60 Inch & Above

By Pannel Type

• LED
• OLED
• QLED
• Others

By Resolution Type

• HD TV
• Full HD TV
• 4K UHD TV
• 8K TV

By Distribution Channel

• Direct
• Indirect

By End Use

• Commercial
• Residential
• Others

Philippines Smart TV Market: FAQs