Smart TV News

Recent industry report about Smart TV company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Smart TV Market industry experts.

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Smart TV News

  • January 2021 - Hisense launched a new product line of laser TV, TriChroma Laser TV, using its cutting-edge display technology. The laser TV will control and package separate lasers to get purer colors for display. TriChroma will have 20% brightness enhancement at the pixel level with a 430-nit picture brightness. The new TV product line will be offered in various screen sizes, including 75-inch to 100-inch giant screens. The company also aims to provide its customers with customized solutions, home fitness screens, and various professional options for different industries.
  • August 2021 - Xiaomi launched Mi TV 5X series as a part of the Mi TV lineup in India. The MiTV 5X comes in multiple sizes, including 43-inch, 50-inch, and 55-inch with 4K resolution displays. It will also have various features, including HDR 10, Dolby Vision, adaptive brightness, Patchwall interface, and Google Assistant integration. The company is aiming to strengthen its presence in the region through such strategies.
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  • February 2024: Tactile Technologies, a prominent provider of touch, auto-ID, and payment solutions, has announced a partnership with Unitech, a renowned leader in AIDC technologies. This collaboration is a major achievement for both companies as they strive to deliver cutting-edge solutions and exceptional service to customers in South Africa. Tactile Technologies provides personalized service and customized solutions through in-house repairs and support.
  • January 2024: NEC, a leading biometrics developer and electronics company, has introduced a new facial recognition product that is able to gather vital signs from individuals simply by scanning their faces. NEC is currently concentrating on multimodal biometric authentication, which integrates face recognition and iris recognition for increased precision. According to Himaoka, the company is optimistic that facial recognition technology will extend beyond just access control applications to include usage in stores, transportation, and online identity verification.
  • June 2024: Nureva Inc., a pioneer in advanced audio conferencing solutions, has received certification for its HDL310 and HDL410 systems as professional audio devices tailored for larger Zoom Rooms. Being USB devices, the HDL pro series systems seamlessly integrate into the design of any larger Zoom-enabled environment, be it classrooms, boardrooms, or training spaces. These systems feature one or two wall-mounted microphones and speaker bars paired with a compact connect module.
  • January 2024: Google announced that Microsoft Teams is coming to Android Auto. Android Auto, an app that enables Android phones to connect to a car’s built-in system, was anticipated to introduce Microsoft’s communication and collaboration platform in February 2024.
  • March 2024: Cisco introduced the Cisco Desk Phone 9800 Series, which aims to provide seamless and personalized collaboration experiences that are adaptable for both on-prem and cloud calling platforms. Moreover, it enhances every desk with enterprise calling features, including premium audio and AI-driven noise removal.
  • June 2024: Johnson & Johnson announced the acquisition of Proteologix Inc., a privately-held biotechnology company focused on bispecific antibodies for immune-mediated diseases, for USD 850 million. Beyond PX-128 and PX-130, this acquisition will provide Johnson & Johnson with eight other bispecific antibody programs with applications across various other diseases, further boosting the Company’s capabilities to create novel bispecific programs.
  • May 2024: Merck announced the acquisition of Eyebiotech Limited, a privately held ophthalmology-focused biotechnology company. Under the terms of the agreement, the company, through its subsidiary, will acquire all shares of EyeBio for up to USD 3 billion, including an upfront payment of USD 1.3 billion in cash and a further potential USD 1.7 billion in developmental, regulatory, and commercial milestone payments.
  • January 2024: GNT partnered with Plume Biotechnology, a UK-based startup focused on fermentation science and bioprocessing for natural colors, to develop a new plant-based Exberry color for food and beverages using fermentation. The partnership will enable GNT to expand its plant-based Exberry options.
  • March 2024: Toro Aluminum Group of Companies used fixed UHF RFID readers and antennas from FEIG ELECTRONIC to track and localize aluminum windows from production through shipment and delivery. The readers and antennas from FEIG ELECTRONIC are an integral part of the RFID system provided by RFID Canada.
  • March 2024: Surgere released the first of its new Apex Series readers to help companies deploy a high-performance RFID solution across its dock doors or conveyors in volume. The readers, built in partnership with RF Controls, are designed to be easily mounted overhead and accomplish a nearly 100% read rate.
  • May 2024: Blackmagic Design slashed the price of its high-end Blackmagic Cinema Camera 6K to USD 1,575, offering a significant 40% discount. The Blackmagic Cinema Camera 6K stands out for its ability to capture precise skin tones and vibrant organic colors. Key features include a large 24 x 36 mm full-frame 6K sensor boasting a wide dynamic range, a versatile L-Mount for lenses, and a custom-designed optical low pass filter tailored to the sensor.
  • March 2024: Sony unveiled its latest addition to the CineAlta lineup: the BURANO camera. The BURANO is equipped with a sensor that aligns with the color science of the VENICE 2. This camera seamlessly blends top-tier image quality with enhanced mobility, tailored for single-camera operators and smaller teams. Notably, it stands out as the world's inaugural digital cinema camera boasting a PL-Mount, now equipped with in-body image stabilization.
  • July 2024: Buildots introduced Integrated Tracking as its latest initiative to propel Performance-Driven Construction Management (PDCM). This move consolidates fragmented progress data into a unified, actionable dataset. By harnessing advanced analytics, users can better anticipate delays, pinpoint root causes, fine-tune task scheduling, and bolster project oversight. This innovative feature empowers project teams to utilize AI for automated progress tracking. Simultaneously, it allows professionals to log and verify tasks requiring human oversight. Examples include confirming the presence of electrical wiring in conduits and completing essential tasks like quality assurance checks and inspections.
  • May 2024: Roofer.com secured USD 7.5 million in a seed round spearheaded by Mucker Capital. The drone conducts scans that generate detailed inspection reports for properties utilizing AI. All inspections are stored on the platform RoofFax, which the company likens to the vehicle condition-monitoring software CarFax. As stated in the release, while Roofer.com primarily targets re-roofing homes for consumers, it also boasts a burgeoning enterprise segment catering to multifamily apartments and commercial buildings. Owing to this funding, the company is set to expand into Austin, Texas - marking its second location and inaugural site outside its Dallas headquarters.
  • April 2024: Contract Logix, known for its data-driven contract management software, rolled out significant updates to its innovative Collaboration Room technology. This groundbreaking tool allows internal and external parties to negotiate contracts in real time, ensuring speed, user-friendliness, and complete visibility from any location through Contract Logix's secure cloud application. The latest upgrades focus on refining information management, enhancing interactions and communication, and elevating the user experience. These improvements streamline reviewing, commenting, editing, approving, and signing contracts while maintaining audit readiness and compliance.
  • March 2024: FinQuery, previously known as LeaseQuery, broadened its product suite by launching its AI-driven FinQuery Contract Management. This innovative software empowers users to upload contracts into an AI interface directly, utilize contract data for cash flow forecasting and enhanced budgeting, get automated reminders for impending deadlines, securely store all contracts in a centralized location, access them via a dashboard or search function, and monitor contract modifications with a comprehensive audit trail.
  • June 2024: TomTom (TOM2), a location technology company, partnered with Miovision, specializing in traffic management technologies. This partnership aims to enhance traffic signal analytics and in-vehicle solutions, ultimately reducing congestion and emissions while bolstering public safety. Miovision's innovations include the Audi Traffic Light Information system, a pioneering technology that guides drivers to bypass red lights at optimal speeds. By integrating TomTom's traffic data, Miovision's solutions will benefit from enriched real-time and historical traffic flow insights at intersections.
  • March 2024: Thales partnered with Neural Labs, a provider of video analysis solutions for Smart Cities and AI-driven Intelligent Transportation Systems (ITS). This partnership aims to deliver efficient, secure, and significant solutions for vehicle access control and logistical planning. Leveraging Thales's Sentinel platform, which specializes in software licensing, entitlement management, delivery, and protection, Neural Labs has streamlined license creation and issuance automation.
  • August 2024: CV Sync, one of the monitored traffic technology upgrades, Q-Free's advanced traffic management system (ATMS) harmonises traffic across nearly a dozen communities in California's Coachella Valley. The CV Sync project comprehensively overhauls the region's outdated signal controllers and traffic management systems. This upgrade integrates the latest, off-the-shelf Intelligent Transportation Systems technologies, incorporates cybersecurity measures, and establishes a new regional traffic management centre complemented by several local traffic operations centres.
  • June 2024: Spinergie, a specialist in maritime data integration and analytics, revealed that AsianBulk Logistics (ABL), known for its integrated logistics services and infrastructure solutions for bulk commodities, opted for smart fleet management. This choice aims to refine ABL's global transshipment operations. The centralized digital solution promises to simplify onboard reporting for bulk cargo transfers, bolster activity tracking throughout ABL's fleet, and facilitate efficient oversight of remote offshore project zones. Through the Spinergie solution, ABL now leverages automated outgoing reports derived from digital Daily Reports (DRs) filled out by captains.
  • April 2024: Seaward Services, a subsidiary of Hornblower Group, is implementing Spinergie Inc.'s smart fleet management solution across its fleet. This fleet includes Jones Act-compliant offshore service vessels, multipurpose service vessels (MPSVs), and crew transfer vessels (CTVs) actively engaged in offshore wind operations along the US East Coast. Spinergie's customizable smart fleet management solution consolidates various systems into a unified analytics platform, enabling shoreside operations personnel to manage the fleet remotely.
  • May 2024: OSCOO launched two new USB flash drives: the K001 USB 3.0 and the R001 USB 2.0. The R001, leveraging USB 2.0 technology, ensures stable and swift data transfers, simplifying the data transfer process. With a maximum capacity of 64GB, it caters to diverse storage needs, from documents to multimedia files. On the other hand, the K001 USB 3.0 is compact and portable, easily fitting into pockets, keychains, or bags for on-the-go use. Due to its USB 3.0 technology, the K001 guarantees rapid and efficient file transfers and backups.
  • April 2024: Samsung launched two stylish models of higher-capacity flash drives. The Bar Plus USB Flash Drive and the Fit Plus USB Flash Drive are now offered at 512GB capacity. Previously, the Samsung Bar Plus and Samsung Fit Plus USB flash drives were available in 32GB, 64GB, 128GB, and 256 GB. Additionally, the company unveiled a 512GB variant of its Type-C flash drive.

Smart TV Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)