Press release
4K TV Market 2018 Global Leaders Analysis: Skyworth Electronics, Toshiba, TTE Technology, LG Display, Haier, Sharp Corporation, Panasonic Corporation
Global Market for 4K TV to Reach a Valuation of Close to USD 50 Bn By 2023-End
Modern televising technology is shifting towards ultra-high resolution, changing the viewing experience. Continuous overhauls in audio visual broadcasting technology has also influenced the display or television technologies. 4K is one of the most recent television technology that has taken audio visual entertainment to the next level. Technologies as such has enhanced the overall television viewing experience. 4K viewing is best experienced in large screen displays. As 4K televisions have a superior display quality with greater clarity, smoothened images, and finer details, their popularity among consumers is growing at rapid pace. 4K displays are not only used for entertainment purposes but are also turning out to be useful in medical and aerospace applications. The latest study conducted by Market Research Future (MRFR) reveals that the global market for 4K TV will surge at a double-digit CAGR of 24% during the projection period (2017-2023) and stand at around USD 50 Bn.
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4K technology is a combination of dynamic range, ultra-definition, wide colour gamut and high frame rate. 4K can be considered as a revolutionary display technology. Incessant advances in display technology, increased demand for high image quality and resolution is influencing the 4K TV Market. Filmmakers are broadcasters are quickly shifting to 4K technology to deliver a better viewing experience. Arrival of easy-to-use 4K camcorders and handicams are allowing broadcasters to recode 4K quality images without any complications. Nonetheless, 4K being a leading-edge technology carries a premium price, which restricts it to a smaller customer base.
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.
Global Market for 4K TV – Segmental Analysis
MRFR in its report has offered a segmental analysis of the market based on product type and end users. On the basis of type, the market has been segmented into 65 Inch, 55 Inch and
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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.
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