Digital TV News: Omdia

U.S. home entertainment spending topped $20 billion in H1 2023
Aug 18, 2023 – According to DEG, U.S. consumers spent $20.5 billion on movies and TV shows in the first six months of 2023, up 14.7% from the $17.9 billion spent in the first six months of 2022.
News categories: Digital Entertainment Group, Digital TV, Market Research, Streaming, USA

Connected cars on the road to grow 18% in 2023
Jul 25, 2023 – Omdia research reveals that over 900 million connected cars will be on the road at the start of the next decade, eclipsing the installed base of consumer devices such as pay-TV STBs and tablets.
News categories: Omdia, David Tett, Digital TV, In-Car, Market Research, Streaming, Worldwide

Weighted average TV panel shipped exceeds 50" for the first time
Jul 24, 2023 – Research from Omdia indicates that, for the first time, the monthly LCD TV display shipment weighted average size has surpassed 50", as panel makers shift to larger sizes.
News categories: Omdia, David Hsieh, Digital TV, Market Research, Smart TV, Worldwide

Large-area LCD shipments expected to decrease 3.2% in 2023
Jul 5, 2023 – Large-area LCD shipments are expected to exhibit negative growth of -3.2% YoY in 2023 owing to slower demand and panel makers' utilization management, according to Omdia.
News categories: Omdia, Peter Su, Digital TV, Market Research, Smart TV, Worldwide

Semiconductor market extends record decline into fifth quarter
Jun 28, 2023 – According to Omdia, the semiconductor market declined in revenue for a fifth straight quarter in Q1 2023, the longest period of decline since Omdia began tracking the market in 2002.
News categories: Omdia, Cliff Leimbach, Market Research, Semiconductor, Worldwide

FAST revenues in Eastern Europe set to reach $42m by 2028
Jun 5, 2023 – The Central and Eastern European (CEE) market is on track to reach $42m in FAST revenues by 2028 according to Omdia. CEE joins a buoyant market currently dominated by the US.
News categories: Omdia, Maria Rua Aguete, Advertising, Digital TV, Europe, Market Research, Streaming

MENA online video ad revenue to more than double to $2.3bn in 2027
May 22, 2023 – The online video advertising market in the Middle East and North Africa (MENA) region will more than double to reach $2.3bn in 2027 according to the latest research from Omdia.
News categories: Omdia, Digital TV, Market Research, Middle-East, Streaming

Omdia reveals market is favoring China panel makers
May 16, 2023 – Competition from China’s top tier TV makers is on the rise with TCL and Hisense accounting for 24% of TV panel purchases in 1Q23, up from 22% in 2022, and higher than the historical average of 19%.
News categories: Omdia, Deborah Yang, Digital TV, Market Research, Smart TV, Worldwide

Global FAST channel revenue to reach $6.3bn in 2023
Apr 20, 2023 – Free ad-supported streaming TV (FAST) channels will generate revenues of $6.3bn in 2023 according to Omdia. With the largest market, 80% of revenue is expected from the US.
News categories: Omdia, Maria Rua Aguete, Digital TV, Market Research, Streaming, Worldwide