Tv Future Outdoor

Tv Future Outdoor
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The outdoor TV market will increase at a CAGR of 3.2 % between 2020 and 2030. An predicts lacklustre growth throughout the year, despite a southern demand trend in H1 2020. Outdoor television is thought to be more resistant to erratic weather and temperature changes. It has simple day and night dimming controls that allow it to adapt to changing lighting conditions. These TV panels are designed to provide brilliant and sharp visual quality, cancelling reflection from any undesirable light source, whether enjoying entertainment on a sunny day by the pool or at night.
The love for entertaining guests in the backyard and patio is fuelling demand in the household sector. With more consumers showing inclination for relaxing outdoors than staying indoor, FMI expects outdoor televisions to get more popular in the coming years. In its recent report, FMI studies the factors boosting global consumption of outdoor television. It covers various growth drivers and restraints affecting growth of the market. The report is also intended to help market players uncover hidden opportunities.
It offers in-depth insights into the market. Some of these are:
Despite witnessing an impressive surge in the last couple of years, the unprecedented COVID-19 outbreak has exposed the vulnerabilities of the market. Since a majority of consumers are either at self-imposed isolation or avoiding public gathering due to the fear of contracting the virus, the sales of outdoor TV will steeply decline.
Nonetheless, FMI foresees hope for the market’s recovery as soon as the coronavirus passes. People from eagerly waiting for economic activities to resume and pandemic to pass. Once it happens, they are likely to resume their outdoor activities, paving way for the expansion of the market.
“Rising interest in sports among audience will be a prime growth driver of the outdoor TV market. Consumers often enjoy hosting outdoor parties during sports season to enjoy the event unfold with their friends and families from the comfort of their backyards. This will boost sales in the residential segment. Commercial places will be driven by the same interest as they seek advanced technologies to keep their customers entertained,” said a lead analyst at FMI.
Some of the companies profiled in the report are Peerless-AV, SunBriteTV, Platinum, MirageVision, Oolaa, Cinios, SkyVue, AquaLite TV, Luxurite, The TV Shield, Dish, Shenzhen WTV Technology, Cinios, and Seura.
Companies operating in the market are focusing on making their products more advanced and high-performing to lure customers. As a result, FMI observes are higher investment in research and development among the market players.
Because the outdoor TV market is fairly competitive due to the presence of several behemoths, market players give special attention to their promotional activities. In the near future, investment towards market campaigns will surge. Besides this, companies are likely to focus on creating attractive offers to attract customers. The winning imperative identified by FMI for key market actors, is ensuring brand loyalty of consumers. The report discusses several other interesting statistics.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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At what rate will outdoor TV market grow from 2022 to 2032?

At what value will the market for outdoor TV close in 2032?

Which are some leading players in the outdoor TV market?

July 2020

REP-GB-12255

300 pages

Consumer Product

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Outdoor TV Market By Product Type (LCD, LED), End-user (Commercial, Residential), Sales Channel (Online Retailers, Multi-brand Stores, Specialty Stores) & Region - Forecast 2020 - 2030
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The outdoor TV market is expected to register moderate growth between 2020 and 2030. Outdoor televisions (TV) have become increasingly popular in the past few years. Conventional TVs are not engineered to be exposed outside environment consequently the sales of outdoor TVs have peaked in the last couple of years.
End user-wise the global outdoor TV market can be bifurcated between residential and commercial. Of these, the commercial sector currently accounts for dominant percentage of sales witnessed in the market. Demand in residential sector is increasing as well, albeit at a gradual pace.
The market is primarily driven by evolving lifestyle of consumers. While indoor celebrations remain popular for cozy family dinners, the world is slowly getting its parties and celebrations outside.
Despite challenges they are looking for innovative ways of incorporating music and entertainment in outdoor parties, thus pushing transition from indoor to outdoor entertainment.
In restaurants and hotels too, the demand for outdoor arrangement has surged, naturally pushing sales of outdoor television in the commercial segment. According to FMI, these factors will spur growth witnessed in the outdoor TV market, enabling it surpass an overall valuation of US$ 500 Mn in the next five years.
Manufacturers in the global outdoor TV market are operating in a highly competitive environment. Because it is a niche, most companies are focusing to up their technology game. Evidently, there is higher focus on technologically upgrading their products to outdo competition.
Outdoor TV sets primarily come with scratch-resistant TV panels to offer crisp and bright picture quality, reducing reflection coming from any unwanted light source. Superior technologies offered by outdoor television will boost their popularity, giving tailwinds to their sales around the world.
They also come with wide viewing angle and in large sizes. Because they are meant for outdoor entertainment, these televisions come with weather proofing. Some of the leading manufacturers even ensure that the connectivity ports and remote control are weather proofed as well.
Because these television sets offer numerous advanced features, manufacturers seldom keep any stone unturned for their marketing. In order to pitch their products against that of competitors, market players generally highlight the added features in their market campaigns.
There is also ample focus on innovating better versions of their older models. For instance, Signature Series by SunBriteTV comes with commercial-grade anti-glare screen, which offers brightness of 700 nts.
Within sometime, SunBriteTV launched a better version of its aforementioned series and dubbed it as Signature 2 outdoor TV that offered superior brightness and a better operating range.
Manufacturers in the outdoor TV market are constantly striving to better their competitors and themselves. Invariably the market witnesses a higher investment in research and development.
As depicted in the chart below, Europe and South Asia Pacific are expected to show more consistency in demand for outdoor TV in comparison to the rest of the world. Evidently, manufacturers are expected to focus more on seeking opportunities in these regions.
However, both regions exhibit a high prevalence of competitive rivalry, it is therefore expected that companies will focus more on capital investments and product launches to establish a strong footprint in Europe and South Asia Pacific.
Find your sweet spots for generating winning opportunities in this market.
Outdoor televisions are considered perfectly suitable for enjoying programs, games, and sports on patios and backyards. Unlike their conventional counterparts, outdoor TVs do not get affected by humidity or extreme temperature. High-performance is almost guaranteed even in salt-air weather without breaking or causing any failure.
High-end versions of outdoor televisions can even manage full exposure to weather elements without breaking down. With that being said, these televisions perfectly complement the outdoor settings of restaurants and hotels.
The food service sector is constantly evolving its practices to lure consumers. Besides serving good food there is a great deal of importance attached to creating an aesthetic appeal suiting to the common sensibilities of modern consumers.
For instance, interest for sports has significantly increased among audiences. Undoubtedly, they will prefer visiting restaurants and hotels that offer a complementing ambience that lets them enjoy good food together with sports under the open sky. Outdoor televisions are a perfect fit to this concept.
The sales of outdoor television is expected to surge considerably in the upcoming decade. The positive trend is further supported by the rising demand in the residential sector. However, FMI projects commercial segment to remain a key growth enabler through the forecast period.
Made with nano-coating and different weatherproof technologies, outdoor televisions take entertainment outside. They almost replicate the feeling of witnessing major events unfolding in stadiums. This happens to be one of the chief drivers of the outdoor TV market.
Outdoor televisions are made with high-end technologies. They offer greater sound and video quality than conventional indoor TV sets. The sound volume and quality of outdoor TVs are two most critical features their sales depends upon.
It is imperative for an outdoor entertainment unit to have incredible sound and volume quality to rise above ambient noises. Outdoor TV speakers are designed exclusively to offer unadulterated entertainment to consumers. They come with a range of accessories and mounts to offer better viewing angle.
Besides this, recent technologies have enabled outdoor TV manufacturers to offer better video quality. They come with various adjustments that can adapt to any lighting conditions. Whether it is a bright sunny day or hosting parties and events during night, outdoor TVs are designed to function without causing any disruption.
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The unprecedented COVID-19 outbreak has adversely impacted the display industry. Lockdown orders enforced across various nations has temporarily halted manufacturing activities. Substantial slowdown in production has caused leading manufacturers such as Xiami and Samsung LG Display to suspend their operations in South Korea, India, China, and several other countries in Europe.
The ongoing pandemic has also taken a toll on the demand for outdoor television sets. Consumers are unlikely to spend on outdoor entertainment since they are avoiding public gathering and stepping outdoors for recreation in the fear of contracting the disease.
As coronavirus tightens its noose around the world, restaurants and hotels are likely to remain shuttered causing a huge set-back for the market. Uncertainty about passing of the pandemic will create more challenges for the outdoor TV market.
The global outdoor TV market is currently witnessing considerably high demand in North America. The rising demand from the U.S and Canada will continue supporting the market. In the coming years however East Asia will emerge as a lucrative market for outdoor TV.
The remarkably expanding hotel and restaurant sector and the exponentially rising number of events organized in the region will give impetus to the outdoor TV market. Consumers in the region enjoy watching major events and sports on big screen, which is a key factor driving the outdoor TV market in East Asia.
China for instance has been chosen to host the 2022 Beijing Olympics. Some of the leading companies such as Sumavision. Changhong, and Huawei have already started investing in ultra-high definition broadcast television and equipment. Spurred by surging investment, the outdoor TV market will exhibit impressive growth in the region.
Companies operating in the outdoor TV market are primarily focusing on acing the technology. They seek to outdo competition by launching better versions of their products. FMI profiles some of the leading companies operating in the market to study the prevailing competition. These include:
Consumers investing in outdoor television are primarily looking for solid and high quality picture that will be crystal clear from greater distance. Restaurants seek ultra-high definition picture quality, improved sound quality, and better resistance to erratic weather.
As a result, an increasing number of companies are investing in high wattage speakers to complement the outdoor TV. There is immense focus on gaining competitive edge by providing better image and audio performance.
FMI predicts the demand for outdoor TV to grow rapidly in the commercial segment. Despite setback due to the unprecedented COVID-19 outbreak and prevailing competition, it sees a clear recovery trend for the market. Growth prospects seem optimistic because new investments are likely to enter into the market.
However, establishing a strong footprint might be difficult for new players since high cost and accessing required technology will remain two major problems in the market.
The outdoor TV market is expected to grow at a 9% CAGR from 2022 to 2032
By 2022-end, outdoor TV sales are likely to reach US$ 380.18 Million
By 2032, the outdoor TV market is expected to reach US$ 900 Million
Peerless-AV, SunBrite TV, Platinum and MirageVision are some leading outdoor TV vendors
   1.4. Product Evolution Analysis
   1.5. FMI Analysis and Recommendations
   3.1. Key Trends Impacting the Market
   3.3. Evolution of Consumer Electronics Industry
       3.3.1. Key Developments Roadmap
       3.3.3. Acquisition & Mergers
   3.4. Future Prospects of Consumer Electronics Industry
       3.4.1. Factors Fuelling Growth
       3.4.3. Innovative Distribution & Marketing Strategies
   4.3. Top of Mind Outdoor TV Brands
   4.4. Brand Portfolio-by Key Players
5. Impact of Covid-19 on The Market
   5.1. Covid-19 The Situation Now
   5.2. The Effects of National Lockdown on Various Countries
   5.3. Scenarios For The Economic Impact of The Covid-19 Crisis
   5.4. Industries Affected By Coronavirus Outbreak Worldwide
   5.5. Projected Recovery for Hardest Hit Sectors
   5.6. Coronavirus Impact on The World of Work
   5.7. Impact of Covid-19 on Manufacturing Industry
   5.8. Manufacturing Purchasing Managers Index, 2020
   5.9. Impact of Covid-19 on Supply Chain Worldwide
   5.10. Planning & Managing During Covid-19 Pandemic
   5.11. Upcoming Pointers Business Leaders Should Focus On
6. Impact of Covid-19 on Outdoor TV Market
   6.1. Impact of Covid-19 on Electronics Industry
   6.2. Outdoor TV Sales Projection, Q1-Q4 2020 During Covid-19 Pandemic
   6.3. Pre Covid-19 Market Forecast v/s Post Covid-19 Market Forecast
7. Global Outdoor TV Market Demand Analysis 2015-2019 and Forecast, 2020-2030
   7.1. Historical Market Volume (Mn Units) Analysis, 2015-2019
   7.2. Current and Future Market Volume (Mn Units) Projections, 2020-2030
   7.3. Y-o-Y Growth Trend Analysis
8. Global Outdoor TV Ma
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