The United States has witnessed a significant decline in the prices of TVs. This trend can be attributed to several factors, primarily market competition and technological advancements.

Firstly, the rise of online retailers and e-commerce platforms has intensified competition in the TV market. Companies like Amazon, Best Buy, and Walmart have entered the fray, offering competitive pricing and attractive deals to consumers. According to a report by Statista, the online TV market in the U.S. is expected to grow at a CAGR of 6.5% from 2021 to 2025, further driving down prices.

Secondly, technological advancements have led to increased production efficiency and reduced manufacturing costs. For instance, the adoption of OLED and QLED technologies has made TVs more energy-efficient and durable, while also improving picture quality. This has allowed manufacturers to produce TVs at a lower cost, which is then passed on to consumers. According to a study by IHS Markit, the global TV market is expected to grow at a CAGR of 4.5% from 2020 to 2025, with a significant portion of this growth coming from the U.S.

Additionally, the increasing popularity of streaming services has also played a role in the price decline. As more consumers opt for streaming services like Netflix and Hulu, the demand for traditional cable TV has decreased. This shift has led to a decrease in the cost of cable TV subscriptions, which in turn has reduced the overall cost of owning a TV. According to a report by Leichtman Research Group, the number of cable TV subscribers in the U.S. has decreased by 1.2 million in the first half of 2021, further contributing to the price decline.

In conclusion, the declining prices of TVs in the United States can be attributed to increased market competition, technological advancements, and the shift towards streaming services. These factors have combined to create a more competitive and cost-effective TV market for consumers.