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According to the latest report by IMARC Group, titled
“Smart TV Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global smart TV market reached a value of US$ 202.1 Billion in 2020. Smart televisions (TVs) are new generation TVs that are integrated with the internet and Web 2.0 features. They can connect to various input devices wirelessly to enhance usability and offer an interactive experience to the users. These devices are utilized to stream over-the-top (OTT) media services, such as Netflix, Hulu and Amazon Prime Video, that offer a vast online library of movies, documentaries and TV shows. Apart from this, various free media platforms, including Vimeo and YouTube, as well as social media sites, such as Twitter, Facebook and Instagram, can be accessed through these TVs. Nowadays, manufacturers are also integrating gesture and voice recognition features, like Google Assistant and Amazon Alexa, in advanced smart TV models to
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Digital Light Processing Technology Market is expected to grow at a rate of 30.50% in the forecast period of 2020 to 2027. Increasing usage of digital screen in film industry, rising preferences of digital screen over analog screen along with rising demand of high brightness and with interactive capabilities projectors, introduction of advanced technology as well as method are some of the factors that will enhance the growth of the digital light processing technology market in the forecast period of 2020-2027. On the other hand, prevalence of spectroscopes, holographic storage and medical imaging will further boost various opportunities that will lead to the growth of the digital light processing technology market in the above mentioned forecast period.