Emerging Markets Opt for Smart TVs at Greater Rate than Mature Markets, According to NPD DisplaySearch
71% of connected flat panel TV owners in emerging markets report they are likely to purchase a smart TV in the next 12 months, compared to 37% in mature markets.
Santa Clara, Calif. - According to the NPD DisplaySearch Quarterly Smart TV Usage Study, consumers in emerging markets are twice as likely as those in mature markets to purchase an internet-enabled smart TV in the coming 12 months. When asked about their planned TV purchases, 71% of consumers in Brazil, China, and other emerging markets reported they were likely to purchase a smart TV in the next 12 months, compared to just 37% of TV consumers in France, the UK, and other mature markets.
“Features that are key to future smart TV purchases include being able to search for online content, web browsing, and VOD services, as they allow consumers to access entertainment, news, and other online content such as shopping,” said Riddhi Patel, Research Director at NPD DisplaySearch. “Dual-play 3D games and cloud storage were least important to consumers.”
TV brands continue to promote smart TVs, with expanded application stores and video conferencing capabilities; however, consumers in emerging markets do not consider either of these features important for their future smart TV purchases.
For connected TV owners in emerging markets who are not likely to purchase a smart TV in the next 12 months, 25% mentioned that they owned other smart devices that could access the content they wanted. Consumers also cited the high cost as one of the reasons for not planning to purchase a smart TV in the next 12 months. Reasons also varied by country. In Russia, the most cited reason (35%) was the existing ownership of other smart devices. In Indonesia, smart TV pricing was the major purchasing hurdle. In both Turkey and Mexico, consumers did not see the need for a smart TV in connected flat panel TV households, since many of the households already owned one.
The Quarterly Smart TV Usage Study is based on surveys of consumers in the mature markets of US, Japan, France, Germany, Italy, and UK and the emerging markets of China (Urban), Brazil, Mexico, India, Indonesia, Thailand, Vietnam, Russia, and Turkey. For more detailed information on shifts in the connected TV market, contact Charles Camaroto at 1.888.436.7673 or 1.516.625.2452, e-mail firstname.lastname@example.org, or contact your regional DisplaySearch office in China, Japan, Korea, or Taiwan.
About NPD DisplaySearch
NPD DisplaySearch, part of The NPD Group, provides global market research and consulting specializing in the display supply chain, including trend information, forecasts and analyses developed by a global team of experienced analysts with extensive industry knowledge. NPD DisplaySearch supply chain expertise complements sell-through information from The NPD Group, thereby providing a true end-to-end view of the display supply chain from materials and components to shipments of electronic devices with displays to sales of major consumer and commercial channels. For more information, visit us at http://www.displaysearch.com/. Read our blog at http://www.displaysearchblog.com/ and follow us on Twitter at @DisplaySearch.
About The NPD Group, Inc.
The NPD Group provides global information and advisory services to drive better business decisions. By combining unique data assets with unmatched industry expertise, we help our clients track their markets, understand consumers, and drive profitable growth. Sectors covered include automotive, beauty, consumer electronics, entertainment, fashion, food / foodservice, home, luxury, mobile, office supplies, sports, technology, toys, and video games. For more information, visit http://www.npd.com/ and npdgroupblog.com. Follow us on Twitter: @npdgroup.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.