4K TV Market Industry Statistics, Overview, Trends and Forecast 2031
The rapidly growing smart entertainment technologies such as HD steaming has propelled the need for better television sets supporting and enhancing high resolution. 4K televisions can display 4096 x 2160 pixel resolution and has a wide variety of types as per their resolution levels, depending on the display resolution.
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4K TVs are upgraded versions of Ultra high definition or full high definition or full HD television sets and are currently in high demand owing to their amazing output. Improving lifestyle of people, rising inclination towards high definition entertainment choices are the key factors promoting the growth of the global 4K TV market. This is likely to continue in the forecast period set between 2021 and 2031.
Mechanical progressions have strikingly modified television sizes and their resolutions in the last decade. Emerging trends of the 4K TV market such as UHD or Ultra HD offer multiple times higher resolution when contrasted with the regular High Definition (HD) resolution. At present, shoppers are inclined towards purchasing ultra-high-definition TVs for the vivid visual experience. The declining costs of these systems will further augment the sales of 4K TV market during the forecast period.
The report on the global 4K TV market provides a 360-degree overview of the market and factors such as drivers, restraints, challenges, and new growth opportunities. It also highlights the table of segmentation and mentions the names of the leading segment and its growth attributing factors. Additionally, the report discusses the list of latest innovations, product quality changes and any other significant initiatives that helps players gain a competitive edge in the overall market competition. The report is available for sale on the company website.
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4K TV Market - Competitive Landscape
The nature of the 4K TV market is highly competitive owing to the presence of multiple Competitors are adopting new growth strategies, such as innovations in the current technologies such as QLED (Quantum dot LEDs) and SUHD (Super Ultra High Definition), along with mergers and acquisitions, and more. Heavy investment in R&D is undertaken by market leaders to improve style and appearance of the 4K television sets will emerge as recent development in the global 4K TV market. Such initiatives will provide authenticity in the field and strengthens the overall market position.
Some of the key players of the global 4K TV market include:
LG Electronics Inc.
Koninklijke Philips N.V.TOSHIBA Electronic Devices & Storage Corporation
Samsung Electronics Co., Ltd.
TTE Technology, Inc.
4K TV Market - Growth Drivers
4K television sets provide ultra-high definition viewing experience with crystal clear as well as sharp viewing experience to viewers along with improved audio controls and bass. Besides this, their increasing use in telemedicine and military monitoring fields will also augment the growing demand for 4K TV in the market during the forecast period. Major investments in digital broadcasting and reduced price of 4K TVs for increasing its demand will further help create new growth opportunities for this market in the long run.
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4K TV Market - Geographical Insights
Regionally, North America and Europe both contributed significantly to the 4K TV market in the past and is likely to continue generating high revenues for this market in the forecast period. Factors attributing to the growth of this market include the increasing adoption of LCD and OLED display. On the other side, Asia Pacific is projected to emerge as the fastest growing market for 4K TV in the forecast period with a major revenue generation from China. Increasing rate of population, rising popularity of better entertainment experience and availability of 4K TV at cost-efficient prices will further help Asia Pacific continue to grow at the fastest pace in the near future.
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