Saudi Arabia LED TV market
is projected to register robust growth during forecast period, 2023-2027. Growth in the market can be attributed to
increasing digital broadcasting sector and decreasing product prices. The
declining prices of LED TVs have made them more affordable for consumers.
Additionally, the increasing per capita income in Saudi Arabia has led to a
higher purchasing power among consumers, allowing them to invest in better
quality electronics such as LED TVs. Another reason for the growing demand for
LED TVs is the increasing availability of these products in the market. While
demand was previously met through imports, there has been a rise in local
production and distribution of LED TVs in recent years. Furthermore, with
advancements in technology, LED TVs offer superior picture quality and energy
efficiency compared to traditional LCD or plasma televisions. This has led to a
shift towards LED TVs among consumers who prioritize high-quality visuals and
eco-friendliness. Overall, the combination of affordability, availability, and
technological advancements has contributed to the growing demand for LED TVs in
Saudi Arabia.
Rise in Online Content
Consumption Amid COVID-19 Augments the Market Growth:
The sudden outbreak of
COVID-19 pandemic led to the unprecedented health crisis. Numerous countries
are implementing internal movements to curb the spread of the virus, which
increases the demand for LED TVs. The entertainment companies are, however,
focusing on exploring innovative ways to adapt to the new digital landscape
during the pandemic. The industry is witnessing a tremendous increase in digital
content consumption, with platforms including Netflix and Amazon Prime Video
registering a spike in viewership worldwide. Enhancing focus on online content
delivery, along with the gradual ease of COVID restrictions, are expected to
escalate the popularity of several smart TV brands across Saudi Arabia and in
turn, fuel the LED TV market outlook in the upcoming years.
Increase in Demand for
HD Channels is Projected to Accelerate the Market Growth
The escalating demand
for high-definition (HD) channels and video on demand (VOD) is primarily
supporting the market growth. HD channels offers numerous features including
enhanced image quality, high resolution, extensive color change will provide
lucrative opportunities for the market players. In addition to this, the
escalating demand for HD content across Saudi Arabia, smart TV providers are
improving their HD offerings, in order to elevate their market presence.
Moreover, producers and telecasters are also extensively making investments in
Ultra-High Definition (UHD) resolution technology owing to the improvements in
camera technology which is catalyzing the market growth. Proficient film
producers are shifting their preference towards Ultra-High Definition (UHD) by
using UHD cameras and camcorders drives the growth of the market. On account of
the expanding viewing experience, the demand for 4K UHD smart TVs have
increased in several commercial applications including hospitality, hotels, and
educational institutions which would further play a significant role in fuel
the demand for LED TVs in the forthcoming years.
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Market Segmentation
Saudi Arabia LED TV market is
segmented into, type, screen size, distribution channel, regional distribution,
and competitive landscape. Based on type, the market is divided into HD, FHD
and UHD. Based on screen size, the market
is segmented into below
30”, 30”-39”, 40”-47”, 50”-57” and Above 57”. Based on distribution
channel, the market is divided into Multi Branded Stores,
Supermarkets/Hypermarkets, Online and Others (Exclusive Stores, Institutional
Sales, etc.). Saudi Arabia LED TV market is studied in major regions
namely Western, Central, Southern, Eastern and Northern.
Market Players
Samsung Electronics, LG
Electronics Gulf FZE (“LGE”), Panasonic Marketing Middle East & Africa FZE,
SONY MIDDLE EAST AND AFRICA FZE, TCL Saudi Arabia, Hisense Middle East, Sharp
Middle East, Xiaomi Saudi Arabia, Toshiba Gulf FZE, Philips Saudi Arabia, are
the key market players operating in Saudi Arabia LED TV market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Type
Screen Size
Distribution
Channel
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Regional scope
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Western, Central, Southern, Eastern and
Northern
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Key companies profiled
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Samsung Electronics, LG Electronics Gulf
FZE (“LGE”), Panasonic Marketing Middle East & Africa FZE, SONY MIDDLE
EAST AND AFRICA FZE, TCL Saudi Arabia, Hisense Middle East, Sharp Middle
East, Xiaomi Saudi Arabia, Toshiba Gulf FZE, Philips Saudi Arabia
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Saudi Arabia LED
TV market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Saudi Arabia LED TV
Market, By Type:
· Saudi Arabia LED TV
Market, By Screen Size:
o Below 30”
o Below 30”-39”
o Below 40”-47”
o Below 50”-57”
o Above 57”
· Saudi Arabia LED TV
Market, By Distribution Channel:
o Multi Branded Stores
o Supermarkets/Hypermarkets
o Online
o Others
· Saudi Arabia LED TV
Market, By Region:
o
Western
o
Central
o
Southern
o
Eastern
o
Northern
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia LED TV market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Saudi Arabia LED TV is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]