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4K TV Market Outlook - Trends, Sales and Key manufacturer Analysis by 2024-2033
4K TV
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the 4k tv industry. This report on 4k tv market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The 4k tv market size has grown exponentially in recent years. It will grow from $229.73 billion in 2023 to $285.28 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to availability of 4k content, consumer demand for high-quality displays, rise in gaming industry, efficient distribution channels, rapid urbanization.
The 4k tv market size is expected to see exponential growth in the next few years. It will grow to $685.86 billion in 2028 at a compound annual growth rate (CAGR) of 24.5%. The growth in the forecast period can be attributed to emerging markets, rising disposable income, emergence of new streaming services, work-from-home trends, growing popularity of uhd set-top boxes. Major trends in the forecast period include oled and qled technology, adoption of hdr technology, smart features, ai and machine learning, energy efficiency.
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Key Market Players:
Samsung SDI Co. Ltd., Haier Group Corporation, Panasonic Holdings Corporation, Koninklijke Philips N.V, Sharp Corporation, LG Corporation.
Market Drivers:
According to the 4K TV Market Report 2024 by The Business Research Company, The rising consumer demand for UHD technology devices is expected to propel the growth of the 4K TV market going forward. UHD technology refers to a type of display resolution standard that has at least 3840 by 2160 pixels (8.3 megapixels; 4K). This technology results in very crisp and fine images without compromising on image quality, and this helps manufacturers to make bigger TVs, while the consumer gets a more vivid and detailed picture quality. This is why this technology is used in 4K TVs. For instance, in April 2021, according to Broadband TV News, a UK-based industry information provider, UHD share rose to 75% in the German TV set market. In Q1 of 2021, around 1.45 million TV sets were sold in Germany. 1.1 million were UHD TVs and accounted for 75% of the share. Therefore, the rising consumer demand for UHD technology devices is driving the growth of the 4K TV market.
More information about the Global 4K TV Market Report -
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Market segments for 4k tv include:
1) By Screen Size: Below 52 inches, 52 - 65 inches, Above 65 inches
2) By Technology: LCD/IPS, OLED, Quantum Dot
3) By Distribution Channel: Offline Stores, Online Stores
4) By End-User: Residential, Commercial, Industrial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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