Global 4K TV (Television) Market is anticipated to reach USD 380.9 billion by 2025. The ultra-definition televisions are a mixture of 4K resolution, wide color gamut (WCG), high frame rate, and high dynamic range. 4K television is a major alteration in the television manufacturing. The competition among numerous 4K television sellers has increased over the past few years.
The factors that propel the growth of the 4K TV industry include development in graphic technology in television and rising demand for high end electronics. On the other hand, there are factors that may hamper the growth of the market including high cost related with the 4K television. 4K TV Market is anticipated to grow at a significant CAGR of 21.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
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4K TV (Television) industry may be explored by screen size, technology, screen type, end user, distribution channel, and geography. The market may be explored by screen size as 52 – 65 inches, Below 52 inches, and Above 65 inches. The “52 – 65 inches” segment led the 4K TV market in 2016 and is anticipated to maintain its dominance by 2025 owing to fast introduction of advanced technologies such as Super Ultra High Definition (SUHD) and Quantum dot LEDs (QLEDs).
The 4K TV industry could be explored based on technology as Light Emitting Diode (LED), and Organic Light Emitting Diode (OLED). The market could be explored based on screen type as Curved Screen, and Flat Screen. The market could be explored based on end user as Public, and Household. The industry may be analyzed by distribution channel as Offline Store, and Online Store.
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Asia-Pacific accounted for the major share of the 4K TV market size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes huge acceptance along with declining prices of 4K televisions. Asia-Pacific region is followed by the North America and it is expected to grow over the forecast period due to increasing adoption.
Some of the key players that fuel the growth of the 4K TV industry comprise Samsung, LG Electronics, Sony Corp., Hisense, and Sharp Corp. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
4K TV Screen Sizes Outlook (Revenue, USD Billion,Volume, Million Units; 2014 – 2025)
• Below 52 inches
• 52 – 65 inches
• Above 65 inches