Press release
4K TV Market Share 2018 by Global Leaders: Panasonic, Toshiba, Skyworth Electronics, TTE Technology, LG Display, Samsung Electronics, Haier, Sharp
Market Highlights
4K TV is basically ultra HD with a resolution of 3,840 x 2,160 pixels which is four times of full HD television. The extra resolution of 4K technology images gives better definition and clarity of pictures. Also, 4K technology is used in big screens. Features such as increased pixel density, high resolutions and better picture quality are boosting the growth of the 4K television market.
Factors such as increasing disposable income, changing lifestyle and increasing demand for consumer electronics are driving the growth of the market. Whereas, high cost and initial investments are hampering the growth of the 4K television market.
The global 4K TV Market is expected to reach approximately USD 50 billion by the end of 2023 with 24% CAGR during forecast period 2018-2023.
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Segmentation
Based on region, the market is segmented into Asia-Pacific, North-America, Europe, and rest of the world. Asia Pacific is expected remain at the forefront of the global market for 4K TV in 2017 and beyond. Currently, the region commands for the largest market share and is likely to continue its dominance throughout the assessment period. Presence of leading television manufacturers, arrival of new vendors and a large pool of consumer is expected to propel the market in the region. Sales of 4K television is expected remain strong in North America. The US is one of the largest importers of 4K television in the world. Therefore, the region is expected to present lucrative growth opportunities for market over 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, 2017-2023. The reason is attributed to technological developments, biggest importer for 4K televisions and sharper picture quality.
Latest Industry Trends and News:
Panasonic Media Entertainment Company, a business unit of Panasonic Corporation of North America, which specialises in creating and delivering audio visual solution and immersive entertainment experiences has unveiled a wide array of visual systems, which also features LinkRay a unique visible light communication system. The company showcased these technologies during the 2018 Digital Signage Expo in Las Vegas.
Xiaomi has recently unveiled the 55-inch Mi TV 4S in China with voice control and 4K HDR. Reportedly, the TV will enter the market by first week of April. The price set for the TV is at around CNY 2,999 (roughly Rs 31,000). In addition, the company’s 55-inch Mi TV 4 with 4K HDR recently made its India debut.
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Intended Audience
• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors
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