Industry Findings: BRICS countries continue to reshape global television demand by combining large consumer populations, expanding domestic manufacturing, and rising adoption of connected entertainment. During 2024, policy support for electronics localization and broader broadband access accelerated purchases of affordable 4K televisions across China, India, Brazil, and South Africa. Mature urban consumers are also moving toward OLED and larger-screen products, lifting average selling prices. This combination of scale, industrial capacity, and improving household purchasing power keeps BRICS central to both global production and consumption of televisions.
Industry Player Insights: The industry innovation pulse in BRICS is driven by TCL Technology, Xiaomi, Samsung Electronics, and MultiChoice-owned Skyworth partnerships. TCL expanded manufacturing and regional promotion of its QD-Mini LED televisions across several BRICS markets during 2024. Xiaomi continued broadening its competitively priced Google TV portfolio in India and other BRICS economies. These initiatives improve affordability while accelerating adoption of connected televisions across high-growth consumer markets.