Press release
4K TV’s Market is estimated to grow at a CAGR of 18.1% during the period 2017-2024, According to Research Nester
4K television is an ultra-high definition (UHD) television. 4K TV’s have a resolution of 3,840 pixels* 2,160 lines (8.3 megapixels, aspect ratio 16:9). This 4K resolution is four times the resolution of full HD. 4K televisions provide a wider range of colors and pictures appears are more vibrant.
Market Size and Forecast
The global 4K TV’s market is expected to grow at a CAGR of 18.1% over the forecast period i.e. 2017-2024. The market of 4K TV’s is driven by various factors such as rising adoption of innovative technology and swelled disposable income of the population all across the globe.
By geography, with 41% in 2016, Asia-Pacific region accounted for the largest market share followed by North America. Asia-Pacific region is anticipated to continue its dominance over the forecast period. This region is most lucrative market across the globe owing to emerging economies such as India and China. Further, product innovation by manufacturers in China and South Korea are fuelling the growth of 4K TV’s in this region. Besides this, rise in per capita income in this region is also envisioned to flourish the growth of 4K TV’s market.
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4K TV Market
North America stood at second position in revenue terms in 4K TV’s across the globe. Further, North America region is projected to be the fastest growing 4K TV’s market by the end of 2024. Further, evolution of consumer electronic industry and increasing demand for high-end home products are anticipated to foster the demand for 4K TV’s in this region. U.S. is anticipated to capture highest market share in this region over the forecast period. Europe region is the third largest 4K TV’s market owing to growing consumer preference from HD to 4K technology for better imaging. The major countries witnessing the augmented demand for 4K television include Germany, U.K. and France.
Furthermore, Middle East and Africa is also expected to witness a tremendous growth over the forecast period owing to rising popularity of ultra-high definition televisions in this region.
Market Segmentation
Our in-depth analysis segmented the global 4K TV’s market in the following segments:
By Screen Size
Below 52 Inches
52 - 65 Inches
Above 65 inches
By Technology
Organic Light Emitting Diode (OLED)
Light Emitting Diode (LED)
By Screen Type
Flat Screen
Curved Screen
By Distribution Channel
Online Store
Offline Store
By Price Range
Premium
Mid
Low
End-users
Residential
Commercial
By Region
Global 4K TV’s market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea &Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and Africa (GCC, South Africa, North Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
Factors such as advancement in graphic technology in television and growing demand for high end electronics are believed to be the dynamic factor behind the rapid growth of 4K TV’s market across the globe. Further, huge investment by industry players in technology advancements is envisioned to bolster the growth of 4K TV’s market by the end of 2024.
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Moreover, popularity of the ultra-high definition televisions and increasing purchasing power of the consumers are the major factor propelling the growth of 4K TV’s market. Likely, growing demand for 4K television for better picture quality and increased penetration of UHD set top boxes are projected to boost the demand for 4K TV’s. Swelled disposable income of the population across the globe supported by the positive GDP figures in growing nations is supporting the penetration of consumer electronics.
However, high cost associated with the 4K television is anticipated to hinder the growth of 4K TV’s market over the forecast period.
Key players
The major key players for 4K TV’s market are as follows
Samsung
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
LG Electronics
Sony Corporation
Hisense
Sharp Corporation
Philips
Panasonic
Vizio
Toshiba Corporation
TCL
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global 4K TV’s market is segmented as follows:
By Screen Size Market Size & Y-O-Y Growth Analysis
By Technology Market Size & Y-O-Y Growth Analysis
By Screen Type Market Size & Y-O-Y Growth Analysis
By Distribution Channel Market Size & Y-O-Y Growth Analysis
By Price Range Market Size & Y-O-Y Growth Analysis
By End User Market Size & Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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