Outdoor TVs are costlier or sold at a premium price than the regular TVs installed inside the house or office. This is because outdoor TVs are to be operated in bright sunlight and need to withstand various elements such as rain, snow, and extreme cold and hot temperatures. A portable projector with an outdoor screen, or regular HDTV in combination with an outdoor TV cover are the primary alternatives for outdoor TV. Outdoor TVs are installed in backyards, gazebos, swimming pools, outdoor gardens, entrance of a commercial building and so on. There are few points which need to be considered while installing an outdoor TV. Outdoor TV should be covered with an IP rated enclosure to withstand heat, dirt, dust, and theft. It should be covered under a shade and the cables connected to the TV should be short in terms of length for better performance.
The outdoor TV market is expected to expand at a decent growth rate during the forecast period. Demand for outdoor TV is anticipated to increase due to rising urban population and increasing number of middle class population in developing countries. Furthermore, people tend to buy stylish and new products due to various factors such as increased disposable income of households and individuals and improved lifestyle in developing countries, and. These factors have forced companies to manufacture a variety of products in outdoor TV.
Surging demand for efficient products and growing industrialization followed by modernization and urbanization creates an opportunity for manufacturers to develop new products and sell them in the market. Various factors such as consumer preference toward outdoor TV as an entertainment option, unexplored markets in emerging economies, improved lifestyle, and increasing investments in the industry creates opportunities for the outdoor TV market. High capital expenditure, cost of the product, and products getting obsolete due to technological advancement over a period of time might act as restraints to the growth of the outdoor TV market.
The outdoor TV market is segmented based on product type, application, distribution channel, and region. Based on product type, the outdoor TV market is segmented into less than 32 inch size, 40 inch size, 42 inch size, 46 inch size, 47 inch size, 50 inch size, 55 inch size, 60 inch size, 65 inch size & more than 70 inch size. In terms of application, the market is segmented into commercial, residential, and others. The outdoor TV market is segmented on the basis of distribution channel into offline and online. Offline distribution channel is further sub segmented into retailers, specialty store, hypermarkets, and supermarkets.
Some of the key players in the outdoor TV market include SunBriteTV, MirageVision, Platinum, Cinios, SkyVue, Oolaa, AquaLite TV, Peerless-AV, Luxurite, Shenzhen WTV Technology, The TV Shield, Dish, Cinios, and Seura. Manufacturers focus on launch of quality, efficient, and technologically advanced products to maintain their customer base. Key players in the outdoor TV market focus on innovation and expansions to remain in the competition. Furthermore, manufacturers undertake promotional activities which includes exciting offers, new product launch, and discounted prices to endorse the products.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.