Press release
4K TV’s Market will multiply at an impressive CAGR of 18.1% | Top Key Players: Samsung, LG Electronics, Sony Corporation, Hisense, Sharp Corporation, Philips, Panasonic, Vizio, Toshiba Corporation and TCL.
The global market for 4K TV’s is expected to grow at a CAGR of 18.1% over the period 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. 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 coming years.
In the regional segment, Asia-Pacific region has accounted for the largest market share of 41% in year 2016 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. North America stood at second position in revenue terms in 4K TV’s across the globe and is projected to be the fastest growing 4K TV’s market by the end of 2024. Owing to rising popularity of ultra- high definition televisions, the Middle East Africa is also expected to witness a tremendous growth over the forecast period.
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Advancement in Technology Reflects Significant Opportunities
Enhancement and advances in 4K TV’s with advanced technologies and improved designs are expected to drive the growth of the market in the long run. Factors such as advancement in graphic technology in television and growing demand for high end electronics combined with huge investment by industry players in technology advancements are envisioned to expand the growth of 4K TV’s market by the end of 2024.
However, high cost associated with the 4K television is anticipated to hinder the growth of 4K TV’s market over the forecast period.
The report titled “4K TV’s Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the 4K TV’s market in terms of market segmentation by screen size, technology, screen type, distribution channel, price range, by end-users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the 4K TV’s market which includes company profiling of Samsung, LG Electronics, Sony Corporation, Hisense, Sharp Corporation, Philips, Panasonic, Vizio, Toshiba Corporation and TCL.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the 4K TV’s market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Research Nester
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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