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Consumer Buying Behaviour
of Smart TV Market in Ranchi
                    Presented by,
                     Abhay Anand
                     Praveen Kumar
                     Kavita Khoya
                     Santa Soreng
                     Kunal Bara
                     Komal Khalkho
                     Nadeem Ansari
                     Sunit Lakra
INTRODUCTION
 Represents a new lifestyle that lets you communicate
  with the world, experience joy, share your emotions
  and make a statement.
 Smart TV also referred as a connected TV or Hybrid TV.
 Works as a television set with integrated internet
  capabilities.
 Smart TV revolutionize the landscape of our home
  entertainment.
 Smart TV is the fast multitasking for the best uses.
FEATURES
 High definition display
 Internet(web browsing)
 USB connectivity
 Conversion facility from 2D to 3D
 Video conferencing
 Data storage facility
 Face recognition
 Motion control
OBJECTIVE
Main objective
 To study and analyze the factor influences the
  consumer to purchase the Smart TV.
 To examine the product and brand awareness of Smart
  TV.
Sub-objective
 To find out the degree of satisfaction of this product’s
  post purchase services.
 To examine customer preference for buying Smart TV.
RESEARCH METHODOLGY
 Primary source of data has been collected through
  questionnaire.
 Secondary source of data collected from organizational
  record , catalog.
 Sample size 40
 Statistical method is used to summarize and describe
  the collected data.
 Graphical methods has been used to show the data
  analysis.
Age Group liked Smart TV                              20-30
40.00%                                                                           31-40
                                    37.50%                                       41-50
35.00%
                                                                                 Above 50
30.00%
25.00%            25.00%
20.00%                                               20.00%
                                                                     17.50%
15.00%
10.00%
 5.00%
 0.00%
              20-30             31-40            41-50          Above 50




 In above graph, it is clear that the age group of 31-40 prefer the Smart TV most. Other
than this few has a budget problem and few are not aware with the new feature and
technology of the Smart TV.
People Occupation Graph

  40.00%
                                                    37.50%

  35.00%

  30.00%
                 27.50%

  25.00%
                                  22.50%

  20.00%

  15.00%                                                              12.50%
  10.00%

   5.00%

   0.00%
               Non Gov.           Gov.            Business         Others

From the above graph and table, it is clear that most of the people with whom we have
interacted belong from business world, which shows that most of the customer of Smart TV
available in market has their own business and are interested in purchasing of Smart TV.
How People get informed?

                  Friends, 15.00%
                                              Internet, 25.00%
        News
     Paper, 20.00%                                                               Internet
                                                                                 Ads on TV
                                                                                 Radio
                                                                                 News Paper

        Radio, 2.50%                        Ads on                               Friends

                                           TV, 37.50%




This Pie Chart represents the media through which companies reaching to the
maximum number of customer. From the above graph it is very clear that the ads on
TV is most effective way to attract the customer and then internet, while radio is the
worst way of communication. If product feature and quality is good enough then
people interact with each other and suggest for buying that product.
Product Availability in Market

                                      5%
                            12.50%
                                                                                Yes
                                                                                No
                                                                                Can't Say

                                             82.50%



Smart TV is newly launched product and is very costly. May be this is the reason why this
product is still not reached in remote area. Almost 13% people said that Smart TV is not
available in their local market while 83% in which most of the people belongs from town have
said that “yes”, only 5% people are not aware with this product.
Product Preference by The Public
60.00%

50.00%                                                  55.00%

40.00%

30.00%              27.50%

20.00%                                                                     17.50%

10.00%

 0.00%
                     LCD                          LED                        Plasma
                                            TV Type

When we asked about the display, most of the people liked LED display, 28% said LCD
while only 18% has said Plasma display. Here the best one is Plasma display but its cost is
too high to fit in the budget of folk. LED display stand in the middle whose display quality
and price is good enough. LCD generally preferred by the low budget customer.
Brand Preference by Public
                                          Samsung
                                     40.00%
                                              35.00%
                                     30.00%

                                     20.00%

                                     10.00%                     40.00%
                                              2.50%
               Videocon               0.00%                        LG




                                          22.50%


                                           Sony



When we were talking about the brand 40% people has liked LG due to its low price, 35%
said Samsung due to its picture quality, 23% has liked Sony due to its brand name and
quality but its price is too high. Videocon is not preferred as a good brand for Smart TV.
Most considerable thing
30.00%
                                                          30.00%
                                     25.00%                                 25.00%
25.00%

                20.00%
20.00%


15.00%


10.00%


 5.00%


 0.00%
                 Price            Size of display     Type of display     Tech. Properties

Most of the people have considered the type of display. Technical properties and size of
display has scored equal grade while only 20% people has said price is his first priority. The
people who preferred price have had low budget for Smart TV. It shows that Smart TV is also
attracting those people who are not capable but if the price is slightly reduced they will prefer
to buy this product.
Feature liked by people
40.00%

35.00%                                       37.50%


30.00%
                                                          25.00%               25.00%
25.00%

20.00%

15.00%          12.50%

10.00%

 5.00%

 0.00%
             HD Display         Internet /Storage           3D                  Other

 Internet connectivity facility provided in the Smart TV has attracted most of the people
 while 3D feature and other facility has attracted equally. Other feature includes VGA port
 connectivity, USB port, Storage facility, inbuilt set top box etc. HD is preferred less
 because it is the main feature of any smart TV and without it imagination of Smart TV is
 not possible.
Price Satisfaction
 50.00%                                                                     47.50%
 45.00%
 40.00%
 35.00%
 30.00%                              27.50%
 25.00%
 20.00%                                                 17.50%
 15.00%
 10.00%           7.50%
  5.00%
  0.00%
            Highly Satisfied       Satisfied           Neutral           Dissatisfied


This graph is made to show the price satisfaction level of the people. Here 48 % of the
people are not satisfied with the price of Smart TV, which can be overcome by reducing the
price level through cutting the some of the feature which were not utilized by common
people.
Better Services Provided by Brand
              42.50%
 45.00%
 40.00%                      35.00%
 35.00%
 30.00%
 25.00%
 20.00%                                        12.50%
 15.00%
                                                            7.50%
 10.00%
                                                                             2.50%
  5.00%
  0.00%
            Samsung          LG            Sony         Videocon       Others

This question has been asked to know the public propensity towards brand and their
reason. 43% people have selected Samsung for their better and fast service. This is also
playing an important role in market demand.
Buying Preference Vs Better Services
                        Better service provider      Buying Preference
45.00%       42.50%
                                      40.00%
40.00%
35.00%
              35.00%           35.00%
30.00%
25.00%
                                                     22.50%
20.00%
15.00%
                                         12.50%
10.00%
                                                                      7.50%
 5.00%
                                                              2.50%                    2.50%
0.00%
            Samsung              LG               Sony         Videocon          Others

  This graph is showing the difference between preference of the public for brand and
  services provided by them. Here better service providing company is Samsung while
  highest buying preference is for LG. This is only due to the price variation of both brand
  for similar features.
FINDINGS

 By the introduction of Smart TV we can see that the
  competition has increased between the respective
  companies.
 In this survey we found that the demand of LED Smart
  TV was more than that of LCD and Plasma among the
  consumers.
 The consumers of Smart TV are mainly concern about
  the features like quality of the display and the
  technical properties (internet accessibility).
 High price is one of the major factors which affect the
  consumer buying behavior regarding Smart TV.
RECOMMENDATION
 Company should promote their product and make
  them available in the remote areas of Ranchi.
 In the companies perspective they should develop the
  technology that deduct the price of smart TV in order
  to segment the middle income group.
 The company should segment the other age group 20-
  30 & 40 above to increase the sale.
 The company should increase the post purchase
  services of Smart TV in order to attract the consumers.
Smart TV

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Smart TV

  • 1.
  • 2. Consumer Buying Behaviour of Smart TV Market in Ranchi Presented by,  Abhay Anand  Praveen Kumar  Kavita Khoya  Santa Soreng  Kunal Bara  Komal Khalkho  Nadeem Ansari  Sunit Lakra
  • 3. INTRODUCTION  Represents a new lifestyle that lets you communicate with the world, experience joy, share your emotions and make a statement.  Smart TV also referred as a connected TV or Hybrid TV.  Works as a television set with integrated internet capabilities.  Smart TV revolutionize the landscape of our home entertainment.  Smart TV is the fast multitasking for the best uses.
  • 4. FEATURES  High definition display  Internet(web browsing)  USB connectivity  Conversion facility from 2D to 3D  Video conferencing  Data storage facility  Face recognition  Motion control
  • 5. OBJECTIVE Main objective  To study and analyze the factor influences the consumer to purchase the Smart TV.  To examine the product and brand awareness of Smart TV. Sub-objective  To find out the degree of satisfaction of this product’s post purchase services.  To examine customer preference for buying Smart TV.
  • 6. RESEARCH METHODOLGY  Primary source of data has been collected through questionnaire.  Secondary source of data collected from organizational record , catalog.  Sample size 40  Statistical method is used to summarize and describe the collected data.  Graphical methods has been used to show the data analysis.
  • 7. Age Group liked Smart TV 20-30 40.00% 31-40 37.50% 41-50 35.00% Above 50 30.00% 25.00% 25.00% 20.00% 20.00% 17.50% 15.00% 10.00% 5.00% 0.00% 20-30 31-40 41-50 Above 50  In above graph, it is clear that the age group of 31-40 prefer the Smart TV most. Other than this few has a budget problem and few are not aware with the new feature and technology of the Smart TV.
  • 8. People Occupation Graph 40.00% 37.50% 35.00% 30.00% 27.50% 25.00% 22.50% 20.00% 15.00% 12.50% 10.00% 5.00% 0.00% Non Gov. Gov. Business Others From the above graph and table, it is clear that most of the people with whom we have interacted belong from business world, which shows that most of the customer of Smart TV available in market has their own business and are interested in purchasing of Smart TV.
  • 9. How People get informed? Friends, 15.00% Internet, 25.00% News Paper, 20.00% Internet Ads on TV Radio News Paper Radio, 2.50% Ads on Friends TV, 37.50% This Pie Chart represents the media through which companies reaching to the maximum number of customer. From the above graph it is very clear that the ads on TV is most effective way to attract the customer and then internet, while radio is the worst way of communication. If product feature and quality is good enough then people interact with each other and suggest for buying that product.
  • 10. Product Availability in Market 5% 12.50% Yes No Can't Say 82.50% Smart TV is newly launched product and is very costly. May be this is the reason why this product is still not reached in remote area. Almost 13% people said that Smart TV is not available in their local market while 83% in which most of the people belongs from town have said that “yes”, only 5% people are not aware with this product.
  • 11. Product Preference by The Public 60.00% 50.00% 55.00% 40.00% 30.00% 27.50% 20.00% 17.50% 10.00% 0.00% LCD LED Plasma TV Type When we asked about the display, most of the people liked LED display, 28% said LCD while only 18% has said Plasma display. Here the best one is Plasma display but its cost is too high to fit in the budget of folk. LED display stand in the middle whose display quality and price is good enough. LCD generally preferred by the low budget customer.
  • 12. Brand Preference by Public Samsung 40.00% 35.00% 30.00% 20.00% 10.00% 40.00% 2.50% Videocon 0.00% LG 22.50% Sony When we were talking about the brand 40% people has liked LG due to its low price, 35% said Samsung due to its picture quality, 23% has liked Sony due to its brand name and quality but its price is too high. Videocon is not preferred as a good brand for Smart TV.
  • 13. Most considerable thing 30.00% 30.00% 25.00% 25.00% 25.00% 20.00% 20.00% 15.00% 10.00% 5.00% 0.00% Price Size of display Type of display Tech. Properties Most of the people have considered the type of display. Technical properties and size of display has scored equal grade while only 20% people has said price is his first priority. The people who preferred price have had low budget for Smart TV. It shows that Smart TV is also attracting those people who are not capable but if the price is slightly reduced they will prefer to buy this product.
  • 14. Feature liked by people 40.00% 35.00% 37.50% 30.00% 25.00% 25.00% 25.00% 20.00% 15.00% 12.50% 10.00% 5.00% 0.00% HD Display Internet /Storage 3D Other Internet connectivity facility provided in the Smart TV has attracted most of the people while 3D feature and other facility has attracted equally. Other feature includes VGA port connectivity, USB port, Storage facility, inbuilt set top box etc. HD is preferred less because it is the main feature of any smart TV and without it imagination of Smart TV is not possible.
  • 15. Price Satisfaction 50.00% 47.50% 45.00% 40.00% 35.00% 30.00% 27.50% 25.00% 20.00% 17.50% 15.00% 10.00% 7.50% 5.00% 0.00% Highly Satisfied Satisfied Neutral Dissatisfied This graph is made to show the price satisfaction level of the people. Here 48 % of the people are not satisfied with the price of Smart TV, which can be overcome by reducing the price level through cutting the some of the feature which were not utilized by common people.
  • 16. Better Services Provided by Brand 42.50% 45.00% 40.00% 35.00% 35.00% 30.00% 25.00% 20.00% 12.50% 15.00% 7.50% 10.00% 2.50% 5.00% 0.00% Samsung LG Sony Videocon Others This question has been asked to know the public propensity towards brand and their reason. 43% people have selected Samsung for their better and fast service. This is also playing an important role in market demand.
  • 17. Buying Preference Vs Better Services Better service provider Buying Preference 45.00% 42.50% 40.00% 40.00% 35.00% 35.00% 35.00% 30.00% 25.00% 22.50% 20.00% 15.00% 12.50% 10.00% 7.50% 5.00% 2.50% 2.50% 0.00% Samsung LG Sony Videocon Others This graph is showing the difference between preference of the public for brand and services provided by them. Here better service providing company is Samsung while highest buying preference is for LG. This is only due to the price variation of both brand for similar features.
  • 18. FINDINGS  By the introduction of Smart TV we can see that the competition has increased between the respective companies.  In this survey we found that the demand of LED Smart TV was more than that of LCD and Plasma among the consumers.  The consumers of Smart TV are mainly concern about the features like quality of the display and the technical properties (internet accessibility).  High price is one of the major factors which affect the consumer buying behavior regarding Smart TV.
  • 19. RECOMMENDATION  Company should promote their product and make them available in the remote areas of Ranchi.  In the companies perspective they should develop the technology that deduct the price of smart TV in order to segment the middle income group.  The company should segment the other age group 20- 30 & 40 above to increase the sale.  The company should increase the post purchase services of Smart TV in order to attract the consumers.