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Worldwide Smart TV Shipment Volume is Estimated to Reach Around 88 million Units in 2015: MIC
May 08, 2015

Worldwide smart TV shipment volume is estimated to reach around 88 million units in 2015, about 41.2% of the worldwide LCD TV market, according to MIC (Market Intelligence & Consulting Institute).

Smart TV Share of Worldwide LCD TV Shipments, 2012 - 2015

Source: MIC, May 2015

"Consumers' high acceptance of high-end products drove Japan Internet TV penetration to over 50% in 2014," said Cindy Gu, industry analyst at MIC. "In Western Europe where broadcasters have deployed open standard interactive platforms such as Hbb.TV and aggressively introduced Internet TV services, the penetration rate reached nearly 40%."

In China, not only traditional TV vendors but also new players such as LeTV and Xiaomi have spent a great deal of effort on smart TV development, leading to an increase in Chinese smart TV market. China currently holds the largest share of the worldwide smart TV market, accounting for 60%.

By comparison, smart TVs in the United States have attracted few consumers due to the availability of a wide range of Internet TV services provided through various hardware devices such as Apple TV, Roku Media Player OTT STB, and Xbox game consoles, hence lower smart TV penetration. However, the US market has still reached over 30% penetration as leading TV vendors Samsung and Vizio have integrated smart TV functions in their mainstream models.

Due to lower consumption power and incomplete broadband network infrastructure, smart TV penetration in emerging markets has only reached 20%. The environment will become friendlier towards smart TVs as broadband infrastructure in emerging markets improves. In the meantime, brands will continue to enhance user interfaces of their products, enrich multimedia content and application services, and reduce product prices to make smart TV more affordable and appealing to consumers.

To see more about this report, please visit: Worldwide Supply Chain Analysis: 2015 LCD TV Industry

For future receipt of press releases, or more information about MIC research findings, please contact MIC Public Relations.

About MIC

Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry.