Ownership of traditional television sets in the United Kingdom has fallen to its lowest level since 1972. Figures from the UK industry ratings body BARB show that 1.72 million households declared that they did not have a television set.
Traditional TV viewing took a beating in Q1 2015. Every age group watched less traditional television in the first quarter compared to Q1 2014. The biggest declines are in the 18-24 year olds, where time watching fell over 16%, to 93 hours and 19 minutes a month.
The worldwide pay-TV market has surpassed more than 900 million subscribers during the first quarter of 2015, representing 48 percent penetration, according to the latest study by ABI Research.
Ultra high definition LCD TV panel shipments continue to rise. Shipments of 4K TV panels in April 2015 exceeded 3 million units for the first time — comprising 14% of all TV panels shipped globally during the month, according to IHS.
The consumer rebellion to abandon pay-TV is becoming a worldwide, but slow moving, phenomena. Parks Associates latest market study found that global OTT video service subscription revenues will increase from nearly $9 billion in 2014 to over $19 billion in 2019.
Shipments of connected TV devices grew 12% on an annual basis during Q1 2015 to 10.4 million units — bringing the overall number of such devices installed in U.S. homes to more than 180 million. With annual growth of close to 40%, the digital media streamer is a high-growth category, due to low cost streaming dongles such as Google’s Chromecast.
Based on forecasts for 138 countries, the number of digital TV homes will increase by more than 1 billion between 2010 and 2020 to reach 1.65 billion — that’s up by 180 percent, according to the latest worldwide market study by Digital TV Research.