INDIAN TELEVISION INDUSTRY AT A GLANCE IN 2022 - 2023 The flat panel television (LED, LCD, HD, and UHD) market in India was valued at INR 690.16 Billion in 2018 and is expected to reach INR 1,238.33 Billion by 2024, expanding at a compound annual growth rate (CAGR) of 9.25% during the 2019-2024 period.
The number of televisions in households stood at 226 million in 2022. TV households were expected to grow to 248 million by 2026.
In 2022, India's television industry was worth approximately 709 billion Indian rupees. It is estimated to reach 796 billion Indian rupees by 2025, indicating a compound annual growth rate of around four percent.
India’s smart TV shipments grew 28% YoY in 2022, according to latest industry reports.
Indian Television brands showed the fastest growth and had a share of 24% in smart TV shipments during the year, whereas global and Chinese brands had 40% and 36% shares respectively.
India’s television industry has recorded a growth of around 5%, standing at Rs 72,000 crore for 2021-22 as compared to Rs 68,500 crore in the previous fiscal, shows the Telecom Regulatory Authority of India’s (TRAI) annual report.
