Industry Findings: ASEAN television demand is accelerating as improving household incomes and falling smart TV prices bring connected entertainment to a broader consumer base. During 2024, expanding broadband infrastructure and growing online retail penetration increased adoption of affordable 4K televisions across Indonesia, Thailand, Vietnam, and the Philippines. Many households are purchasing smart televisions as their primary large-screen device for streaming and gaming. This leapfrog adoption pattern is creating one of the most attractive volume opportunities in the global television market.
Industry Player Insights: ASEAN’s Regional momentum is led by Xiaomi, Sharp Corporation, Skyworth Group, and Coocaa. Xiaomi continued expanding its TV A and TV X Series across Southeast Asia during 2024, targeting first-time smart TV buyers with competitively priced Google TV models. Sharp broadened distribution of AQUOS televisions in several ASEAN markets during 2024 to strengthen its premium mainstream presence. These moves are intensifying competition and accelerating the shift from basic televisions to connected 4K platforms.