India Smart TV Streaming Device Market By Device Type (TV Sticks, TV Box), By Video Support (Non-4K, 4K, Above), By Sales Channel (Online, Offline), By Region, Competition, Forecast & Opportunities, 2020-2030F

The India Smart TV Streaming Device Market was valued at USD 351.62 Billion in 2024 and is expected to reach USD 733.82 Billion by 2030 with a CAGR of 13.11% during the forecast period. The shift towards smarter, connected living spaces has fueled a growing consumer demand for convenience and easy access to entertainment. The rise of smart TV streaming devices, like TV sticks and TV boxes, is transforming media consumption by offering seamless access to a wide range of streaming services and apps, eliminating the need for traditional cable subscriptions. According to TRAI, out of approximately 320 million households in India, around 182 million have access to television sets, including both linear and non-linear TV services. This leaves more than 100 million homes without television, often referred to as 'TV Dark' homes. Among the homes with TV access, around 169 million are connected to either cable or DTH services. Currently, there are about 63.52 million active DTH subscribers, 62 million cable TV subscribers, 2 million HITS subscribers, and approximately 45 million subscribers of DD Free Dish.

Key Market Drivers

Increasing Adoption of OTT Platforms

The rapid growth and increasing popularity of over-the-top (OTT) platforms are one of the primary drivers of the India Smart TV streaming device market. With the proliferation of high-speed internet and affordable data plans, more consumers are shifting towards OTT services like Netflix, Amazon Prime Video, Disney+ Hotstar, and regional platforms. These services offer a vast range of on-demand content, including movies, TV shows, sports, and live events, all accessible at the viewer's convenience. Smart TVs provide an integrated platform that allows users to access these OTT services directly without the need for additional devices like set-top boxes or streaming sticks. This convenience is driving the demand for smart TVs and streaming devices, especially as more people prefer to consume content through streaming rather than traditional cable or satellite TV. Additionally, with the rise in disposable income, urban and semi-urban populations are increasingly investing in smart devices, including TVs, which are designed to cater to the growing demand for digital entertainment. The appeal of seamless, high-definition viewing experiences further boosts the adoption of smart TVs equipped with built-in streaming capabilities. Furthermore, the shift from linear television to on-demand content has been accelerated by younger, tech-savvy consumers who prefer flexible viewing schedules, a major factor driving the growth of smart TV streaming devices. As a result, the convenience of having integrated OTT platforms within smart TVs has made them an attractive choice for Indian consumers.

Key Market Challenges

High Price of Premium Smart TV Models

While there has been a significant decrease in the price of smart TVs in India, premium models with advanced features such as 4K resolution, HDR support, and cutting-edge processors still remain expensive for many consumers, particularly in smaller towns and rural areas. The initial cost of purchasing a high-quality smart TV, combined with the additional cost of streaming devices or subscriptions to OTT platforms, can be a barrier for a significant portion of the population. Although affordable models are becoming more available, they often lack high-end features like advanced audio technology, the latest software updates, or higher screen resolutions. This creates a gap in the market where consumers who desire premium entertainment experiences might be unable to justify the investment due to their price sensitivity. Even with the increase in internet connectivity and OTT platform subscriptions, many consumers in India may still prefer traditional cable or DTH services over investing in a high-cost smart TV or streaming device. The affordability challenge has led to slower penetration in certain segments of the population, especially in lower-income groups or regions with limited access to disposable income. As a result, despite the increasing popularity of smart TV devices, the market faces the hurdle of catering to a wider audience without pricing out potential customers.

Key Market Trends

Integration of OTT Platforms with Smart TVs

One of the major trends in the India Smart TV streaming device market is the seamless integration of multiple OTT platforms within smart TVs. This trend is driven by the growing demand for on-demand, flexible content consumption. As Indian consumers increasingly shift from traditional cable TV to digital platforms, the integration of popular OTT services like Netflix, Amazon Prime Video, Disney+ Hotstar, and others directly into smart TVs has become a significant selling point. Users can access these platforms without the need for additional devices, making the overall experience much more convenient and streamlined. This trend is being supported by major smart TV manufacturers like Samsung, LG, Sony, and Xiaomi, which are equipping their TVs with built-in access to OTT services. Additionally, some smart TVs are coming with pre-installed apps, exclusive content, and unique features such as voice search and recommendation engines powered by AI, all of which enhance the user experience. This integration not only simplifies the viewing experience but also allows smart TV manufacturers to differentiate their products in a competitive market. The growing adoption of internet-connected TVs that support high-definition streaming is also an integral part of this trend. As internet speeds and data plans improve across India, consumers are more likely to take advantage of these smart features, making this integration of OTT services a defining trend in the market.

Key Market Players

• Amazon Retail India Private Limited
• Apple India Private Limited
• Bharti Airtel Limited
• Xiaomi Technology India Private Limited
• Realme Mobile Telecommunications (India) Private Limited
• Tata Play Limited
• Google India Private Limited
• CloudWalker Streaming Technologies Pvt. Ltd.
• Motorola Mobility India Pvt. Ltd.
• Roku Inc.

Report Scope:

In this report, the India Smart TV Streaming Device Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Smart TV Streaming Device Market, By Device Type:

• TV Stick
• TV Box

India Smart TV Streaming Device Market, By Video Support:

• Non-4K
• 4K
• Above

India Smart TV Streaming Device Market, By Sales Channel:

• Online
• Offline

India Smart TV Streaming Device Market, By Region:

• North
• West
• South
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the India Smart TV Streaming Device Market.

Available Customizations:

India Smart TV Streaming Device Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).