Key Takeaways
- The US CTV advertising market grew by 22% year-over-year to $21.3 billion in 2023.
- Global CTV market revenue is projected to reach $187.6 billion by 2027.
- CTV penetration in US households reached 82% in 2023.
- 65% of US adults have at least one CTV device, up from 55% in 2022.
- 78% of US CTV viewers watch daily, averaging 2.5 hours per day.
- 62% of global consumers prefer CTV for streaming over traditional cable.
- 70% of US CTV ad spend allocated to programmatic buying.
- CTV video ads deliver 1.7x higher brand lift than mobile.
- US CTV ad impressions grew 35% to 2.5 trillion in 2023.
- US CTV original content spend reached $18 billion in 2023.
- FAST channels worldwide exceeded 1,500 in number by 2023.
- 40% of CTV viewing is live/linear content.
- 75% of Roku smart TVs run OS 11 or later with AV1 support.
- Amazon Fire TV devices hold 35% US CTV OS market share.
- 4K UHD penetration in CTV devices reached 68% globally.
Connected TV advertising is growing rapidly worldwide, fueled by rising viewership and device adoption.
Advertising and Revenue
- 70% of US CTV ad spend allocated to programmatic buying.
- CTV video ads deliver 1.7x higher brand lift than mobile.
- US CTV ad impressions grew 35% to 2.5 trillion in 2023.
- Global CTV ad revenue share of TV total reached 38% in 2023.
- FAST CTV channels generated $2.5 billion globally in 2023.
- 45% of CTV ads in US are shoppable formats.
- CTV CPMs averaged $25 in the US, 20% higher than desktop.
- Retail media CTV spend hit $1.8 billion in 2023.
- 55% ROI uplift from personalized CTV ads vs. standard.
- Political CTV ad spend in US reached $1.4 billion in 2023 cycle.
- CTV out-of-home ad market valued at $800 million globally.
- 62% of brands plan to increase CTV budgets by 20% in 2024.
- UK CTV ad revenue grew 24% to £3.2 billion in 2023.
- CTV social commerce ads generated $500 million in sales.
- Average CTV completion rates at 85% vs. 70% for mobile video.
- Gaming CTV ad spend up 40% to $900 million globally.
- 48% of CTV inventory now addressable for targeting.
- Pharma CTV ads reached 15% market share in health category.
- CTV affiliate revenue for broadcasters hit $4 billion US.
- Asia CTV ad market at $12 billion, led by China at 60%.
- CTV dynamic ad insertion grew 50% in adoption rate.
- Automotive brands spent $2.1 billion on CTV ads in US.
- CTV podcast companion ads revenue at $300 million.
- 35% of CTV revenue from sponsorships and branded content.
- CPG CTV spend increased 28% to $1.5 billion globally.
- CTV header bidding adoption at 75% of publishers.
- Travel industry CTV ads post-pandemic recovery to $700M.
- CTV 360 video ad formats used in 12% of campaigns.
- Financial services CTV revenue share at 8% of total ads.
Advertising and Revenue Interpretation
Consumer Behavior and Adoption
- 65% of US adults have at least one CTV device, up from 55% in 2022.
- 78% of US CTV viewers watch daily, averaging 2.5 hours per day.
- 62% of global consumers prefer CTV for streaming over traditional cable.
- US Gen Z CTV usage at 92% penetration, highest demographic.
- 55% of CTV users cut the cord from linear TV in 2023.
- Average US household streams 5.2 hours of CTV content daily.
- 71% of UK viewers use CTV for live sports consumption.
- 48% of global CTV users share passwords across households.
- US Hispanics over-index CTV adoption by 15% vs. general population.
- 67% of CTV viewers multitask with second screens.
- 82% of millennials prefer ad-supported CTV tiers.
- Daily CTV viewing time in Europe averages 3 hours per person.
- 59% of US parents use CTV for kids' content daily.
- 74% of CTV users discover new shows via recommendations.
- Boomers represent 25% of CTV streaming hours despite lower adoption.
- 66% of global consumers cite convenience as top CTV reason.
- US rural CTV adoption lags urban by 12% at 70% penetration.
- 53% of CTV viewers binge-watch series weekly.
- Women account for 52% of total CTV viewing time globally.
- 69% of Indians access CTV via mobile casting.
- 61% of CTV users prefer voice search for content.
- Australia sees 80% of viewers using CTV for news.
- 57% of low-income US households rely solely on CTV.
- 73% of CTV adoption driven by original content availability.
- Brazil CTV daily usage averages 4 hours per household.
- 64% of seniors over 65 now stream on CTV regularly.
- 76% of CTV viewers pause and resume content across devices.
Consumer Behavior and Adoption Interpretation
Content and Programming
- US CTV original content spend reached $18 billion in 2023.
- FAST channels worldwide exceeded 1,500 in number by 2023.
- 40% of CTV viewing is live/linear content.
- Sports streaming on CTV accounted for 25% of peak hours.
- User-generated CTV content views up 45% YoY.
- 55% of SVOD content on CTV is binge-eligible series.
- Global news CTV channels reached 200 million monthly users.
- Kids programming on CTV grew 30% in hours available.
- 28% of CTV content is international co-productions.
- Music videos dominate 15% of non-premium CTV slots.
- Premium SVOD exclusives drive 60% of CTV subscriptions.
- Gaming streams on CTV averaged 500 million hours monthly.
- 42% of CTV movies are classics or back-catalog.
- Local content localization on CTV at 70% in emerging markets.
- Reality TV shows 20% of top 100 CTV programs globally.
- Educational content views on CTV up 35% post-pandemic.
- 65% of CTV dramas feature diverse casts.
- Horror genre CTV consumption spiked 50% in October 2023.
- Australia FAST services offer 500+ channels.
- CTV anime streaming hours reached 1 billion annually.
- 33% of CTV viewing is short-form vertical video.
- Documentary channels on CTV grew to 300 globally.
- Lifestyle content 18% of female-targeted CTV hours.
- India regional language CTV content at 80% of views.
- Comedy specials account for 12% of event CTV views.
- 50% of CTV sci-fi is original IP.
- Fitness programming views doubled to 800M hours.
- Brazil telenovelas dominate 40% of local CTV prime time.
- True crime series 22% of top scripted CTV genres.
- Global faith-based CTV channels serve 100M users.
Content and Programming Interpretation
Market Size and Growth
- The US CTV advertising market grew by 22% year-over-year to $21.3 billion in 2023.
- Global CTV market revenue is projected to reach $187.6 billion by 2027.
- CTV penetration in US households reached 82% in 2023.
- The CTV ad market in North America expanded at a CAGR of 18.5% from 2019-2023.
- Worldwide CTV device shipments hit 150 million units in 2023.
- US CTV video ad spending forecasted to hit $30 billion in 2024.
- CTV market share of total TV ad spend reached 40% in the US by Q4 2023.
- Global CTV subscriptions grew 15% to 1.2 billion in 2023.
- European CTV market valued at €12.5 billion in 2023.
- Asia-Pacific CTV ad revenue surged 28% to $8.4 billion in 2023.
- US smart TV market size was $15.2 billion in 2023.
- CTV accounted for 35% of global video ad impressions in 2023.
- Latin America CTV market grew 25% YoY to $2.1 billion.
- CTV households worldwide reached 650 million in 2023.
- UK CTV ad spend hit £2.8 billion, up 20% in 2023.
- CTV streaming hours in US increased 12% to 4.1 trillion annually in 2023.
- Global OTT CTV revenue projected at $300 billion by 2028.
- CTV ad market CAGR expected at 16% through 2027 globally.
- Australia CTV penetration at 75% of households in 2023.
- CTV device market in India valued at $1.5 billion in 2023.
- US CTV FAST channels revenue reached $1.2 billion in 2023.
- Global CTV market share of TV viewing hit 45% in 2023.
- Brazil CTV ad spend grew 30% to R$3.5 billion in 2023.
- CTV market in Middle East valued at $900 million in 2023.
- Worldwide CTV app downloads exceeded 2 billion in 2023.
- Canada CTV ad market at CAD 2.1 billion, up 18% in 2023.
- CTV contributed 28% to global digital ad growth in 2023.
- France CTV households reached 25 million in 2023.
- CTV market revenue in Germany hit €4.2 billion in 2023.
- Global CTV hardware shipments forecasted to grow 10% CAGR to 2028.
Market Size and Growth Interpretation
Technology and Devices
- 75% of Roku smart TVs run OS 11 or later with AV1 support.
- Amazon Fire TV devices hold 35% US CTV OS market share.
- 4K UHD penetration in CTV devices reached 68% globally.
- HDR10+ adopted in 45% of new Samsung CTVs in 2023.
- Google TV/Android TV on 40% of global smart TVs.
- Wi-Fi 6 enabled in 55% of premium CTV devices shipped.
- Apple TV 4K sales hit 20 million units cumulatively.
- 60% of CTV apps now support Dolby Atmos audio.
- Gaming CTV consoles like PS5 represent 15% of devices.
- 8K TV shipments grew 200% but still under 1% market.
- Voice assistants integrated in 85% of new CTVs.
- Hybrid broadcast-broadband TV (HbbTV) in 30% Europe devices.
- 50% of CTV traffic now via IPv6 addressing.
- OLED panels in 12% of premium CTV sales.
- Matter smart home compatibility in 20% CTV OS.
- 5G fixed wireless powers 10% rural CTV broadband.
- MicroLED prototypes in 5 high-end CTV models launched.
- Thread protocol for IoT in 15% smart CTVs.
- AI upscaling used in 70% LG CTV models.
- HDMI 2.1 ports standard in 65% gaming CTVs.
- Low latency modes (ALLM) in 80% 2023 TVs.
- Free ad-supported TV OS like Vizio hold 10% share.
- Quantum dot tech in 40% mid-range CTVs.
- Remote-free gesture control in 8% premium models.
- Energy-efficient CTVs with 30% lower power draw certified.
- Multi-view split-screen in 25% sports-oriented CTVs.
- India CTV average screen size at 55 inches.
- Rollable OLED CTVs demoed but 0.1% market.
- Blockchain DRM in 5% secure CTV platforms.
- AR content overlay support in 12% developer CTV SDKs.
Technology and Devices Interpretation
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