Overview and Scope
4K TVs refer to a TV set that has a 4K resolution, that is, it has 3,840 horizontal pixels and 2,160 vertical pixels. With the help of this 4K TV set, we get a more vivid and detailed picture quality. It is used to provide a pristine picture that fills more of the field of view, better recreating the immersive experience of watching a film at the cinema.
Sizing and Forecast
The 4k tv market size has grown exponentially in recent years. It will grow from <b>$229.73 billion in 2023 to $285.28 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. </b> The growth in the historic period can be attributed to availability of 4k content, consumer demand for high-quality displays, rise in gaming industry, efficient distribution channels, rapid urbanization.
The 4k tv market size is expected to see exponential growth in the next few years. It will grow to <b>$685.86 billion in 2028 at a compound annual growth rate (CAGR) of 24.5%. </b> The growth in the forecast period can be attributed to emerging markets, rising disposable income, emergence of new streaming services, work-from-home trends, growing popularity of uhd set-top boxes. Major trends in the forecast period include oled and qled technology, adoption of hdr technology, smart features, ai and machine learning, energy efficiency.
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Segmentation & Regional Insights
The 4k tv market covered in this report is segmented –
1) By Screen Size: Below 52 inches, 52 – 65 inches, Above 65 inches
2) By Technology: LCD/IPS, OLED, Quantum Dot
3) By Distribution Channel: Offline Stores, Online Stores
4) By End-User: Residential, Commercial, Industrial
<b>North America</b> will be the largest region in the 4K TV market in 2023. The regions covered in the 4k tv market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising consumer demand for UHD technology devices is expected to propel the growth of the 4K TV market going forward. UHD technology refers to a type of display resolution standard that has at least 3840 by 2160 pixels (8.3 megapixels; 4K). This technology results in very crisp and fine images without compromising on image quality, and this helps manufacturers to make bigger TVs, while the consumer gets a more vivid and detailed picture quality. This is why this technology is used in 4K TVs. For instance, in April 2021, according to Broadband TV News, a UK-based industry information provider, UHD share rose to 75% in the German TV set market. In Q1 of 2021, around 1.45 million TV sets were sold in Germany. 1.1 million were UHD TVs and accounted for 75% of the share. Therefore, the rising consumer demand for UHD technology devices is driving the growth of the 4K TV market.
Key Industry Players
Major companies operating in the 4k tv market include <b> Samsung SDI Co. Ltd., Haier Group Corporation, Panasonic Holdings Corporation, Koninklijke Philips N.V, Sharp Corporation, LG Corporation, Sony Group Corporation, Vu Television Corporation, Skyworth Group Co. Ltd., Sichuan Changhong Electric Co. Ltd., TCL Technology, Hitachi Ltd., Apple Inc., Toshiba Corporation, Vizio Inc., Seiki Corporation, Hisense Electrical Co. Ltd., Konka Group Co. Ltd., ASUSTEK Computer Inc., JVC Kenwood Holdings Inc., INNOLUX Corporation, Funai Electric Co. Ltd., Grundig GmbH, Vestel Elektronik Sanayi Ve Ticaret AS, Loewe, Bang & Olufsen AS, Bowers & Wilkins, Dynaudio AS, Elac America Inc., Focal-JMLab Co. </b>
The 4k tv market report table of contents includes:
1. Executive Summary
2.4K TV Market Characteristics
3.4K TV Market Trends And Strategies
4.4K TV Market analysis
5.4K TV Market Size And Growth
6.4K TV Segmentation
7.4K TV Regional And Country Analysis
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27.4K TV Competitive Landscape And Company Profiles
28.4K TV Key Mergers And Acquisitions
29.4K TV Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Samsung SDI Co. Ltd.
- Haier Group Corporation
- Panasonic Holdings Corporation
- Koninklijke Philips N.V
- Sharp Corporation
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Market Scenario: The ultra-definition televisions is a combination of 4K resolution, high dynamic range, high frame rate and wide color gamut (WCG).
The competition between various 4K television vendors has intensified over the past few years.The factors contributing to the growth of the 4K television market are new technological changes, features such as better picture quality, high resolution, increasing demand for consumer electronics and increasing demand for live shows.
However, factor such as high cost is hindering the overall growth of the 4K television market.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2916Geographically, Asia-Pacific accounted for the largest market share in the global 4K television market, whereas North-America is expected to grow at a fast pace over the forecast period, 2018-2023.The global 4K television market is expected to reach approximately USD 50 billion by the end of 2023 with 24% CAGR during forecast period 2018-2023.Key Players The key players in the global 4K Television Market include- Sony Corporation (Japan), Videocon Industries Limited (India), TTE Technology, Inc (China), LG Display (South Korea), Samsung Electronics Co. Ltd (South Korea), Haier Inc. (China), Sharp Corporation(Japan), Panasonic Corporation (Japan), Skyworth Electronics Pvt Ltd (China), Toshiba Corporation (Japan), among others.Regional Analysis:Regionally, Asia-Pacific accounted for the largest market share, owing to increased adoption of new technological solutions, increasing competition among 4K television vendors, increasing demand for consumer electronics and increasing disposable income.However, North-America region is expected to grow over the forecast period, 2018-2023.
The reason is attributed to technological developments, biggest importer for 4K televisions and sharper picture quality.Segments:For the purpose of this study, Market Research Future has segmented the market of 4K television into type, end-users and region.Type<55 Inch55 Inch65 InchOthersEnd-usersHouseholdPublicRegionNorth-AmericaEuropeAsia-PacificRoWStudy Objectives of 4K TV Market:To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the 4K TVTo provide insights about factors affecting the market growth.To analyze the 4K TV market based porter’s five force analysis etc.To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).To provide country level analysis of the market with respect to the current market size and future prospective.To provide country level analysis of the market for segment on the basis of type, application, end -users and region.To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the 4K TV.Intended AudienceManufacturersDistributorsResearch firmsConsultancy firmsSoftware DevelopersVendorsSemiconductor ManufacturersEnd-user sectorsTechnology InvestorsGet complete Report @ https://www.marketresearchfuture.com/reports/4k-tv-market-2916LIST OF FIGURESFIGURE 1 RESEARCH METHODOLOGYFIGURE 2 4K TV MARKET, BY TYPE (%)FIGURE 3 4K TV MARKET, BY END-USERS (%)FIGURE 4 4K TV MARKET, BY REGIONS (%)FIGURE 5 NORTH AMERICA 4K TV MARKET, BY TYPE (%)FIGURE 6 NORTH AMERICA 4K TV MARKET, BY END-USERS (%)FIGURE 7 EUROPE 4K TV MARKET, BY TYPE (%)FIGURE 8 EUROPE 4K TV MARKET, BY END-USERS (%)FIGURE 9 ASIA-PACIFIC 4K TV MARKET, BY TYPE (%)FIGURE 10 ASIA-PACIFIC 4K TV MARKET, BY END-USERS (%)FIGURE 11 REST OF THE WORLD 4K TV MARKET, BY TYPE (%)FIGURE 12 REST OF THE WORLD 4K TV MARKET, BY END-USERS (%)Know More about this Report @ https://www.marketresearchfuture.com/press-release/4k-tv-industry About Us:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.Media Contact:Market Research FutureOffice No.
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