6wresearch logo
6wresearch discount on market reports

Samsung expects double digit growth in Smart TV biz

9 April, 2013

Consumer electronic company Samsung Electronics said, the company expects a double-digit growth from its panel and Smart TV business in the country. Presently, the company enjoys around 30 per cent of the market in the panel TV segment. The company also said it will launch its first Ultra High Definition TV (UHD TV), the 85S9, with an 85-inch display screen in India in June this year. However, the company said, it has not fixed the price for the model.

"We are witnessing a good growth in the panel TV business in the country. With the latest launch of Smart TV, we expect to double the business. The Smart TV adoption in the country is growing and as a leading player in the panel TV business in the country we believe that we can capitalise on the growing trend in the country," said Atul Jain, Senior Vice-President, Consumer Electronics, Samsung India.

The company also unveiled about 20 new television models across its flagship Smart TV and LED TV series. Samsung also said, LED TVs will drive the company's panel TV growth and expects Smart TV to contribute 20 per cent of its panel TV growth. With the new launch the company is targeting the growing consumers who are shifting from normal TVs to LED.

According to a report from market intelligence firm 6Wresearch, Indian smart TV market is expected to reach Rs 54,000 crore ($10.41 billion) by 2017, growing at a CAGR of 87 per cent during 2012-2017. It also said that India's smart TV market is expected to ship 9.86 million units of smart TVs in 2017, at a CAGR of over 109 per cent from 2012-2017. In 2011, smart TVs accounted for less than 5 per cent of the total flat TVs unit shipments and are expected to cross 50 per cent mark in 2017.

Samsung's Flat Panel TV products has 43 models across LED, LCD and plasma Technologies with screen sizes ranging from 22 inches to 75 inches priced between Rs 14,500 to Rs 750,000.

"With the launch of our 2013 Smart TV range, we are looking to consolidate our leadership in the panel TV market in India. We expect LED TVs to drive our Panel TV growth, with Smart TVs contributing at least 20 per cent of our Panel TV volumes this year," Samsung India Senior Vice-President (Consumer Electronics) S K Kim said.

The company has also announced the launch of Evolution Kit. The kit available on select 2012 Series 7, 8 and 9 Smart TVs, it provides both software and hardware updates that include access to the 2013 Smart Hub and other Smart features, and transforms the set’s dual-core CPU to quad-core, resulting in faster internal processing speeds, the company said. The company also said the new Smart TV comes with around 750 global and Indian application. It also launched five new Plasma televisions across 43 inches, 51inches and 64 inches screen sizes were introduced in Series 8 priced between Rs 35,500 to Rs 209,900.

Source:http://www.business-standard.com/article/companies/samsung-expects-double-digit-growth-in-smart-tv-biz-113040900504_1.html

      Browse More Report

Indonesia Power Rental Market (2017-2023)

Market Forecast By Type (Diesel Genset and Gas Genset), By KVA Rating (Diesel Genset (Below 100 KVA, 100.1 KVA-350 KVA, 350.1 KVA-750KVA, 750.1 KVA- 1000KVA and Above 1000 KVA), Gas Genset (Below 100 KVA and Above 10000 KVA)), By Applications...

Read More

India Diesel Generator Rental Market (2017-2023)

Market Forecast By KVA Rating (Below 100 KVA, 100.1-350 KVA, 350.1-750 KVA, 750.1-1000 KVA and Above 1000 KVA), By Verticals (Power Utilities, Construction, Manufacturing and Others), By Market Structure (Organized and Unorganized), By Regions...

Read More

Saudi Arabia Catering Services Market (2017-2023)

Market Forecast By Type (Contractual Services and Non-Contractual Services), By End User (Industrial, Hospitality, Educational, Healthcare, In-Flight and Others including Military, Events and Worker camps), By Regions (Central, Eastern, Western and Southern)...

Read More

Germany E-Cigarette Market (2017-2023)

Market Forecast By Device Type (Disposable, Rechargeable and Modular), By Demography (Gender, Income Group and Age Group) and Competitive Landscape

Read More

India Fitness Equipment Market (2017-2023)

Market Forecast By Type (Cardiovascular Training Equipment (Treadmills, Elliptical Trainer/Cross Trainer, Stationary Bikes and Others including Rowing, Stair/Stepper machines), Strength Training Equipment (Weights and Single & Multifunctional Strength Training Equipment))...

Read More

Saudi Arabia Industrial Pumps Market (2017-2023)

Market Forecast By Type (Centrifugal Pump and Positive Displacement Pump), By Centrifugal Type (Single-Stage Pump, Multi-Stage Pump, Axial & Mixed-Flow Pump, Submersible Pump and Sealless & Circular Pump), By Positive Displacement Type (Reciprocating and Rotary), By Applications ...

Read More

UAE Fitness Equipment Market (2017-2023)

Market Forecast By Product Type (Cardiovascular Training Equipment (Treadmills, Elliptical Trainer/Cross Trainer, Stationary Bikes and Others), Strength Training Equipment (Weights and Single& Multifunctional Strength Training Equipment)), By End User Applications...

Read More

Global Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast By Types (Fire Fighting Systems and Equipment (Fire Extinguishers (CO2, Dry Chemical, Clean Agent, Foam Fire, Wet Chemical and Water), Fire Suppression Systems (Inert Agent, Halocarbon Agent, Carbon Dioxide, Wet Chemical Fire and Dry Chemical)...

Read More

India Electric Chimney Market (2017-2023)

Market Forecast By Types (Wall Mounted, Straight Line, Island and Downdraft), By Applications (Commercial and Residential), By Suction Type (Less than 300 CFM, 300-600 CFM, 601-900 CFM, 901-1200 CFM and More than 1200 CFM), By Regions...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events