Saudi Arabia Television Market Trends, Growth, Opportunity and Forecast 2027Posted by arshiyashaikh on December 21st, 2022  Saudi Arabia Television Market is expected to grow at a CAGR of 6.76% during the forecast period and reach USD 706.67 million by 2027 owing to the rising affluent class, increasing nuclear families, and preferences for smart television. Furthermore, changing lifestyles, product innovation, and rising per capita income are expected to boost the Saudi Arabia television market during the forecast period. The television market is segmented based on screen size which include 50''-59'', 40''-49'', 39'' and Below, above 59''. The demand for television in Saudi Arabia is witnessing a surge owing to the increasing demand for local content on over-the-top platforms. Hence, people prefer to watch content on a larger screen, thus, boosting the demand for television in Saudi Arabia. Moreover, major companies have launched smart televisions with multiple benefits, such as the television can be synced with other smart devices, it can be accessed through voice control, and a wide range of applications can be surfed on television. This boosts the demand for television in Saudi Arabia as people are replacing their old television with smart ones. Browse our full report with Table of Contents: Like it? Share it! More by this author |