India Smart TV & OTT Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The OTT Penetration in India is Segmented by OS type and Price Range (Tizen, WebOS, Android TV, etc.). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

India Smart TV & OTT Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Smart TV & OTT Market Size

India Smart TV and OTT Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 22.39 Billion
Market Size (2030) USD 51.65 Billion
CAGR (2025 - 2030) 18.20 %
Market Concentration Medium

Major Players

India Smart TV and OTT Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Smart TV & OTT Market Analysis

The India Smart TV and OTT Market size is estimated at USD 22.39 billion in 2025, and is expected to reach USD 51.65 billion by 2030, at a CAGR of 18.2% during the forecast period (2025-2030).

As high-speed internet has become easily affordable, viewers/audiences that prefer good quality content prefer smart TVs over other television systems. Also, the increasing admiration for OTT streaming in audiovisual content is impacting the overall smart TV market in a positive manner in India.

  • The shifting consumer preferences toward online content due to the increasing proliferation of high-speed internet in most parts of India provides an impetus to market growth. Substantial investment flows by video streaming media companies, like Netflix, Amazon Prime, and Hotstar, led to an increase in Pay-TV subscribers.
  • Furthermore, a rise in disposable income levels and growing internet penetration in the country also contribute to an increase in sales of smart TVs and hence fuelling the market growth. Moreover, according to IBEF, the market size of the OTT video streaming market of India is forecasted to reach USD 5 billion by 2023, and India is projected to become one of the top 10 global OTT markets to reach USD 823 million by 2022.
  • Households in India are at a cusp of transition, and a shift in preference has been witnessed from conventional TV sets to smart TV sets. Changing the lifestyle of the middle-income population is attributed to rising income levels, increasing awareness, adoption of new technology, and growing internet penetration. Additionally, government initiatives, primarily in tier-II and tier-III cities, are some of the key factors likely to bolster the growth of the Indian smart TV market during the forecast period.
  • On the other hand, the growing demand for online streaming has opened opportunities for service providers to venture into the OTT space and distribute content via the internet. OTT content players, such as Netflix, Amazon, Hotstar, Sony Liv, and several other streaming services, are increasing their spending on marketing and local content to expand their customer base by luring them away from DTH and TV Cable services. Many of these platforms also partner with broadband providers to get the existing data users onboard by offering free bundled subscriptions. These continued efforts, coupled with changing consumer behavior, are driving the increased demand for the market.
  • The COVID-19 outbreak affected the display industry negatively, with manufacturing operations temporarily suspended across major manufacturing hubs, leading to a substantial slowdown in production. Various key manufacturers, including Samsung, LG Display, and Xiaomi, suspended their manufacturing operations in China, India, South Korea, and Europe. However, the market has witnessed considerable growth in consumer demand during the pandemic as people stayed at their homes for extended periods. Further, the increased tendency to watch television due to the pandemic is also expected to continue impacting the market, resulting in its growth.

India Smart TV & OTT Industry Overview

The Indian smart TV and OTT market consists of several players. This industry is viewed as a lucrative investment opportunity due to the recent huge consumer interest. The companies are investing in future technologies to gain substantial expertise, enabling them to achieve sustainable competitive advantage.

  • March 2022: India's public broadcaster, DD India, signed an MoU with Yupp TV, an OTT platform that is a gateway for television viewers, to expand the global reach of the DD India channel. According to the Ministry of Information and Broadcasting, this is an attempt to put forth India's perspective on various international developments on global platforms and to showcase India's culture and values to the world.
  • January 2022: Sony Electronics announced a Bravia XR television series, including MASTER Series Z9K 8K and X95K 4K Mini LED models, MASTER Series A95K, MASTER Series A90K and A80K 4K OLED models, and X90K 4K LED model.

India Smart TV & OTT Market Leaders

  1. Xiaomi Corporation

  2. Samsung

  3. LG Electronics Inc.

  4. Sony Corporation

  5. TCL Technology

  6. *Disclaimer: Major Players sorted in no particular order
India Smart TV and OTT Market Concentration
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India Smart TV & OTT Market News

  • May 2022: Kerala Government announced to launch of a state-owned over-the-top platform offering an array of movies, short films, and documentaries. The OTT platform's name is CSpace, an initiative of the Kerala State Film Development Corporation.
  • February 2022: T-Series, one of India's leading film studios, is entering into the production of web series for video streaming devices. The company will focus on creating content for all mediums, which shall appeal to all audience sectors, with gripping shows across genres.

India Smart TV & OTT Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Study Deliverables

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Assessment of Impact of COVID-19 on the market
  • 4.4 Industry Value Chain Analysis

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Large Volume of the Indian Households and Relative Less Levels of Penetration
    • 5.1.2 Growing Spending Power and Growth in Smartphone Adoption to boost OTT Demand
    • 5.1.3 Declining Unit Prices Coupled with Entry of Several Regional Players to Drive Bargaining Leverage of Buyers
  • 5.2 Market Restraints
    • 5.2.1 Manufacturers Faced with Taxation Challenges and Relatively Higher Replacement Rate

6. GLOBAL SMART TV MARKET SNAPSHOT (Unit Shipment Forecasts, Growth Strategies Adopted by Key Vendors, Market Outlook, and Major Cues for the Indian Market)

7. MARKET SEGMENTATION

  • 7.1 OS Type (Tizen, WebOS, Android TV, etc.)
  • 7.2 Price Range

8. ANALYSIS OF THE OTT LANDSCAPE IN INDIA

  • 8.1 Historical Context and Current Market Scenario
  • 8.2 Market Categorization - Broadcaster (Hotstar and ZEE), Independent (Alt Balaji and Viu), International Players (Netflix and Amazon Prime), and Telco (Jio, Airtel, and Vodafone Play)
  • 8.3 Subscriber Base of Key OTT Players (in million)
  • 8.4 Key strategies adopted by OTT players -Localization of Content, Affordable Pricing, Strategic Collaborations, Personalization and Use of Digital Transformation for View Engagement
  • 8.5 A comparative Study of OTT and DTH User Base in India
  • 8.6 Key Customer Acquisition Strategies of Major Vendors
    • 8.6.1 Bundling of Services and collaboration with Telcos
    • 8.6.2 Premiumization and Emphasis on Content-driven Programs
    • 8.6.3 Affordable Subscription Plans Targeted at Young Populace
    • 8.6.4 Other Key Strategic Themes Identified from the Current OTT Vendors
  • 8.7 Local Players expected to Catch Ground Aided by Strong Demand for Regional Content

9. VENDOR MARKET SHARE ANALYSIS - INDIA SMART TV (Xiaomi, Samsung, LG, Sony, etc.)

10. COMPETITIVE LANDSCAPE

  • 10.1 Company Profiles
    • 10.1.1 Xiaomi Corporation
    • 10.1.2 Samsung Electronics
    • 10.1.3 LG Corporation
    • 10.1.4 Sony Corporation
    • 10.1.5 TCL Technology
    • 10.1.6 Vu Technologies
    • 10.1.7 Honor
    • 10.1.8 Panasonic Corporation
    • 10.1.9 Haier
    • 10.1.10 OnePlus
    • 10.1.11 Sansui
  • *List Not Exhaustive

11. INVESTMENT OUTLOOK

12. MARKET OUTLOOK

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India Smart TV & OTT Industry Segmentation

Smart TV is a concurrence between computers and social TV, allowing users to use all features of computers or smartphones. Smart TV offers various features, such as internet accessibility, storage capacity, GPS system, and other entertainment features, such as games, music, and others. Smart TV is integrated with an internet connection that allows access to several popular websites, including Netflix, YouTube, Amazon Prime, and Hulu. The scope of the report is comprehensive and limited to India.

An over-the-top (OTT) application is an app or service that avails a product over the Internet and bypasses traditional distribution practices. Services that are available over the top are most typically related to media and communication and are generally, if not always, lower in cost than the traditional method of delivery.

The Indian smart TV and OTT market is segmented by OS type and price range (Tizen, WebOS, Android TV, etc.).

The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

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India Smart TV & OTT Market Research FAQs

How big is the India Smart TV and OTT Market?

The India Smart TV and OTT Market size is expected to reach USD 22.39 billion in 2025 and grow at a CAGR of 18.20% to reach USD 51.65 billion by 2030.

What is the current India Smart TV and OTT Market size?

In 2025, the India Smart TV and OTT Market size is expected to reach USD 22.39 billion.

Who are the key players in India Smart TV and OTT Market?

Xiaomi Corporation, Samsung, LG Electronics Inc., Sony Corporation and TCL Technology are the major companies operating in the India Smart TV and OTT Market.

What years does this India Smart TV and OTT Market cover, and what was the market size in 2024?

In 2024, the India Smart TV and OTT Market size was estimated at USD 18.32 billion. The report covers the India Smart TV and OTT Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Smart TV and OTT Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Smart TV & OTT Industry Report

The India smart TV and OTT market is witnessing substantial growth, fueled by increasing smart TV penetration in India and the rising popularity of OTT services. Technological advancements are making smart TVs more accessible and affordable, enhancing the viewing experience and supporting the demand for high-quality, feature-rich televisions that integrate seamlessly with OTT applications. The widespread adoption of high-speed internet is further boosting the market by facilitating seamless streaming of digital content. The market is diverse, segmented by services such as video and game streaming, and characterized by various monetization models, including subscription-based and advertising-based models. This integration of smart TVs and OTT services, coupled with a shift towards digital consumption, is reshaping the market landscape in India. For detailed statistics on the India smart TV and OTT market share, size, and revenue growth rate, refer to the Mordor Intelligence™ Industry Reports. These reports provide a market forecast, historical overview, and are available as a free PDF download for a comprehensive industry analysis.