Nairrk
Active Member
Circuit House Technologies, which raised $4.3 million in June of last year entered the home entertainment category with a new consumer tech brand, Lumio, starting with Smart TVs. The debut will focus on re-wiring customers’ expectations in this category.
India’s Smart TV segment is a USD 5 Bn market and is expected to grow at a robust rate of 13% CAGR over the next 3-4 years. This growth is increasingly driven by premiumization trends, with consumers gravitating towards larger screens, QLED/OLED/MiniLED technologies, and advanced features that are rapidly becoming mainstream preferences. The market’s evolution is particularly evident in the dominance of 4K TVs, which now account for almost 70% of total television purchases and is projected to maintain a strong growth trajectory in the future.
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