The global TV Accessories market is projected to reach USD 2,814.2 million in 2028 from USD 1,682.5 million in 2018 at a CAGR of 8.1% during the forecast period (2019-2028). The growth is mainly attributed to increasing demand for remote controls and chips as well as rise in adoption by consumers owing to enhanced connectivity and networking features.
The TV Mounts segment is projected to dominate the market during the forecast period, with a growing adoption of these products for improving space utilization and enhancing home décor. The Remote Controls segment is expected to grow at the highest CAGR due to increasing demand from new-age consumers who are adopting smart TVs in their homes. Chips & Circuit Boards will experience growth owing to rise in global sales of TV sets as well as technological advancements that have helped improve performance capabilities by upgrading current versions on chipsets/circuit boards. On basis of type, the market has been segmented into TV Mounts, TV Cables & Connectors, Remote Controls, TV Antennas and Outdoor TV Covers.
TV Mounts are devices that allow for mounting a TV to the wall or some other surface. The device typically consists of arms with screws and anchors in order to attach it firmly onto any flat surface, either on the floor or on the walls. A mount can be used when installing new TVs into homes as well as replacing broken mounts from previous installations. Wall mounted brackets: These brackets serve two purposes - attaching a television screen securely to a wall and positioning it at an optimal viewing angle relative to eye level for people sitting close enough (generally within three feet). They come up high enough so that cords will not interfere with visibility while still providing adequate access space behind them
TV Cables & Connectors are small and simple in design, but still have a major role to play in the viewing experience. These products connect televisions with other devices such as DVD players or gaming consoles, for example. They can also be used to extend the length of an already installed cable or wire that may not quite reach from one end of the room to another. A TV's cables and connectors typically consist of: composite video (CV), stereo audio (SA) CV/YUV conversion, left right channel selection on TVs without built-in YPbPr converters; S-Video signals; Audio Line Out jacks for connecting external speakers or sound systems;
TV remote controls come in many shapes and sizes. Some are designed to go with a specific TV model, while others can be used for multiple brands of TVs or other devices like DVD players, gaming consoles etc. Remote Controls also come in "universal" designs that work across various models of televisions from different manufacturers. A typical universal remote control has features such as: A power button; An input selector for the desired device being controlled; Volume adjustment buttons (up/down); Channel navigation buttons (up/down). Remote Controls can have more advanced functionality depending on their design and intended use - e.g., some may include additional playback commands like fast-forwarding through content or rewinding it back.
TV Antennas provide a way to receive TV signals through an aerial, and are used in non-broadcast areas. They use electromagnetic waves from the transmission tower and deliver them via a coaxial cable or antenna wirelessly with sound vibrations (i.e., radio). This is achieved by using one of three types: digital antennas, analogue antennas, or "smart" antennas which automatically switch between modes depending on what's needed. Digital TVs work better without any obstruction as they send data digitally - so it's less likely for anything like trees to disrupt the signal; Analogue TVs don't have that issue but can be affected if there is interference from other electrical devices such as microwaves nearby.
TV Outdoor Covers are a type of TV accessory that protects TVs from heat, UV light and moisture. They also help to protect against theft or vandalism by hiding the TV while it's not in use.
TV Chips are a type of TV accessory that helps to boost the picture quality. They work by making adjustments in brightness, contrast and color balance in order to create a clearer image.
TV Circuit Boards are a type of TV accessory that help to control the power, voltage and current in TVs. They regulate everything from sound to screen brightness to make sure they stay at safe levels.
On basis of application type, the market is categorized under Residential (single-family), Commercial (multi-tenancy) and Educational (school). The residential application dominates the global market with a vast majority share in terms on value as well as volume. This can be attributed to higher penetration rate for TVs within households coupled with an inclination towards purchasing costly accessories such as mounts and antennas by consumers who own more than one television set at home. The North America region accounts for nearly 40% of total revenue generated from sales of these products owing to high adoption rates among residents across this region. Europe market is the second-largest market with a share of 25%.
Up Market Research published a new report titled “TV Accessories Market research report which is segmented by Types (TV Mounts, TV Cables & Connectors, Remote Controls, TV Antennas, Outdoor TV Covers, Chips, Circuit Board), By Applications (Residential, Commercial, Educational), By Players/Companies LG Electronics, TCL, Hisense, Sony, Skyworth, Foxconn, Vizio, Haier, Panasonic, Konka, MediaTek, Samsung”.
Report Attributes | Report Details |
Report Title | TV Accessories Market Research Report |
By Type | TV Mounts, TV Cables & Connectors, Remote Controls, TV Antennas, Outdoor TV Covers, Chips, Circuit Board |
By Application | Residential, Commercial, Educational |
By Companies | LG Electronics, TCL, Hisense, Sony, Skyworth, Foxconn, Vizio, Haier, Panasonic, Konka, MediaTek, Samsung |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 239 |
Number of Tables & Figures | 168 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type TV Mounts, TV Cables & Connectors, Remote Controls, TV Antennas, Outdoor TV Covers, Chips, Circuit Board and By Application Residential, Commercial, Educational.
Some of the companies that are profiled in this report are:
TV Accessories Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the TV Accessories Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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