Sales of global smart TVs, weakened as the supply of LCD panels has been hit hard by pandemic-related supply issues, should rise by nearly 2% this year, according to Kagan, a media research unit of S&P Global Market Intelligence.
The return of LCD supplies, coupled with increases in residential broadband penetration which Kagan claims has opened the addressable smart TV market, should add to growth.
In a research note, Kagan said global smart TV shipments should rise 1.9% by the end of this year to 153 million units. The researcher forecasts that compound annual growth rates (CAGR) for smart TVs should increase to 2.3% from 2021 to 2026.
Also: Inflation Pushes 2022 Streaming Device Shipments Down, Kagan Says
“Despite a weak first quarter for global smart TV shipments, declining panel prices and the coming World Cup in November 2022 are expected to overcome the negative effects of inflation to spark consumer demand by the end of 2022,” Kagan said in its report, adding that while supply issues remain for some LCD panel components, the overall supply for TV displays is improving.
