Global Outdoor TV Market
Global Outdoor TV Market Size By Type, By Application, By Geography Scope And Forecast
According to Verified Market Research, The Global Outdoor TV Market was valued at USD 1.25 Billion in 2018 and is projected to reach USD 2.81 Billion by 2026, growing at a CAGR of 13.61% from 2019 to 2026.
Outdoor TVs are to be functioned in bright sunlight and required to withstand several elements such as snow, rain, extreme hot and cold temperatures. A portable projector with regular HDTV or outdoor screens in combination with outdoor TV cover is the key alternatives for outdoor TV. These TVs are installed in several areas such as backyards, outdoor gardens, swimming pools, and the entrance of any commercial buildings, and other outdoor locations. Outdoor TVs are built and designed to withstand the lighting conditions and ever-changing temperatures of the outdoor locations.
Outdoor TV demand is significantly increasing due to the rising urban population. Another important driving factor for the growth of this market is the rising disposable income of the middle-class population. With the rise in disposable incomes level along with the growing middle class, youth people from developed and developing countries are looking forward to spend in outdoor activities, that is significantly contributing for the increased demand for outdoor TVs, thereby propelling the market growth over the forecast period.
However, the ongoing technological advancements in outdoor TVs and its accessories are increasing the cost of the products, therefore, restraining the global outdoor TV market growth.
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