The Android TV Box by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Android TV Box, The android tv box market size has grown exponentially in recent years. It will grow from $8.28 billion in 2023 to $10.32 billion in 2024 at a compound annual growth rate (CAGR) of 24.6%. The growth in the historic period can be attributed to streaming revolution, smart tv adoption, content diversity and accessibility, market competition and innovation, cutting cable costs, user-friendly interface and apps.
The android tv box market size is expected to see exponential growth in the next few years. It will grow to $25.58 billion in 2028 at a compound annual growth rate (CAGR) of 25.5%. The growth in the forecast period can be attributed to consumer lifestyle changes, user interface and experience enhancements, integration with gaming services, global market expansion, content personalization and recommendations.. Major trends in the forecast period include subscription and payment models, continued hardware improvements, voice control and ai assistants, smart home integration, 4k and hdr content
The growing popularity of online entertainment among millennials is driving the android TV box market forward. Online entertainment refers to forms of entertainment that involve activities such as modern-day OTT (over the top) platforms, streaming media onto phones and TV, video games, and music using the internet. Online or on-demand forms of entertainment have gained popularity among the global crowd due to enhanced personal user experience which is also offered by android TV service providers and minimal subscription charges to popularize these platforms. For instance, in January 2022, according to an annual report published by Netflix Inc., a US-based subscription video-on-demand over-the-top streaming service and production company, Netflix generated a revenue of $29.698 billion for the financial year 2021, which was increased by 19%. Netflix is primarily supported by teenagers and millennials. Therefore, the growing popularity of online entertainment among millennials across the world is subsequently propelling the android TV box market forward.
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The android tv box market covered in this report is segmented –
1) By Type: 1080P, 4K, Other Types
2) By Application: Home, Commercial
3) By Distribution Channel: Online, Brick and Mortar
Major companies operating in the Android TV box market are developing innovative products such as TV boxes for internet streaming to meet larger customer bases, more sales, and increase revenue. A TV box for internet streaming, also commonly known as a streaming media player or set-top box, is a device that connects to a television and allows users to stream digital content from the internet to their TV screen. For instance, in July 2022, Safaricom, an Africa-based mobile network operator company, launched Android TV Box for internet streaming. The distinctive feature of this TV Box lies in its ability to empower any television, enabling seamless streaming of content from popular platforms such as YouTube, Netflix, ShowMax, Hulu, Sling, and other Android TV applications. Additionally, it offers the convenience of wirelessly projecting smartphone and laptop screens onto the TV through screen casting. Notably, the box is designed to be plug-and-play, ensuring effortless connection to TVs and home WiFi networks without the need for technical assistance. Furthermore, it supports up to 4K HD resolution, delivering viewers super-clear video clarity for an enhanced viewing experience.
The android tv box market report table of contents includes:
1. Executive Summary
2. Android TV Box Market Characteristics
3. Android TV Box Market Trends And Strategies
4. Android TV Box Market – Macro Economic Scenario
5. Global Android TV Box Market Size and Growth
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26. South America Android TV Box Market
27. Brazil Android TV Box Market
28. Middle East Android TV Box Market
29. Africa Android TV Box Market
30. Android TV Box Market Competitive Landscape And Company Profiles
Top Major Players:
- Amazon.com Inc
- Skyworth Group Co. Ltd
- NVIDIA Corporation
- Xiaomi Corporation
- SkyStream LLC
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