NEW YORK—A new report from Kagan, a media research group within S&P Global Market Intelligence, is forecasting that the global TV market is forecast to show signs of recovery in 2022 and beyond, thanks largely to improvements in the supply of large LCD panels, which was the primary obstacle manufacturers struggled with in 2021.
Meanwhile, the rapid expansion of residential broadband penetration is opening up the addressable smart TV market, driving smart TV penetration in the total TV market.
Kagan is predicting that global smart TV shipments are estimated to grow 1.9% year over year (y/y) to 153.0 million units by the end of 2022 with a forecast of 2.3% compound annual growth rate (CAGR) from 2021 to 2026.
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Despite a weak first quarter for global smart TV shipments, declining panel prices and the coming World Cup in November 2022 are…
