Vision

Following a period of turbulence, the global consumer TV market is beginning to regain its footing. That’s according to Futuresource Consulting’s latest consumer TV display market outlook report, which shows a 0.9% year-on-year increase in global TV shipments for 2024, reaching 218 million units. This marks the beginning of a slow but steady growth trajectory through to 2029, with annual volumes forecast to hit 230 million units.

The set-top-box market continues to shrink, with global market volume retreating by 2% in 2023. That’s according to a new report from Futuresource Consulting, which identifies a combination of challenges facing the industry.  However, shifting strategies and a keener focus on operating system software may provide some opportunities as the market moves forward.

TV shipments and the sector’s worldwide market value both diminished in 2023, according to the latest outlook report from Futuresource Consulting. Yet the specialist research firm expects the market to stabilise this year and achieve volume growth from 2025 onwards.

The media streamer market continues to face some serious challenges, as the combination of a weak economic climate and the growing ownership of smart TVs continues to exert downward pressure on sales. However, despite the decline, a new report from Futuresource Consulting identifies several areas of opportunity.

Unsurprisingly, global video entertainment has already seen a wealth of change in 2023. As certain markets near saturation point, subscription services are adopting various strategies to retain viewers and combat churn.

Global demand for televisions is set to remain weak in 2023, with total TV shipments for 2023 forecast to contract by 2%. Although some pockets of optimism remain, and the market is expected to stabilise in the long term, inflation continues to rear its head and dull the global economic outlook, leaving consumers unmotivated to upgrade their televisions. That’s according to Futuresource Consulting’s latest report into the global TV market outlook.

While our consumer electronics and entertainment analyst teams are regular fixtures at the  largest and most influential tech event each year, this year saw two members of the Futuresource marketing team head stateside to experience their first CES in Las Vegas.