Press release
4K TV Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
4K TV Market Size
The surge in consumer interest for devices featuring UHD technology is anticipated to stimulate the expansion of the 4K TV market in the future. Ultra-high-definition (UHD) technology indicates a display resolution standard that encompasses a minimum of 3840 by 2160 pixels or 8.3 megapixels, also known as 4K. This technology produces extremely clear and sharp images without sacrificing the standard of image quality, encouraging manufacturers to create larger television sets. Simultaneously, the consumer receives an immersive and detailed visual experience. Consequently, this technology is employed in 4K TVs. For example, the UK based industry information provider, Broadband TV News, revealed UHD technology's share ascended to 75% in the German TV set market. In the first quarter of 2021, approximately 1.45 million TV sets were traded in Germany, with 1.1 million being UHD TVs, marking 75% of the total share. Thus, the heightened consumer interest for devices with UHD technology is catalyzing the progression of the 4K TV market.
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What is the future CAGR of the 4k tv market, and how will it impact industry expansion?
The market size of 4K TVs has experienced rapid growth in recent years. It is projected to increase from $281.13 billion in 2024 to $346.83 billion in 2025, with a compound annual growth rate (CAGR) of 23.4%. Various factors contributed to the growth during the historic period, including the presence of 4K content, increasing consumer demand for top-notch displays, the surge of the gaming industry, effective distribution networks, and fast-paced urbanization.
The market size of 4K TVs is anticipated to experience a rapid surge in the upcoming years. The market is predicted to expand to $839.62 billion in 2029, with a compound annual growth rate (CAGR) of 24.7%. The forecasted period growth can be associated with factors like emerging markets, increasing disposable income, the rise of new streaming services, the trend of working from home, and the growing demand for UHD set-top boxes. Key trends during the forecast period involve the adoption of OLED and QLED technology, HDR technology implementation, smart features, AI and machine learning, as well as energy efficiency.
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What are the most significant trends transforming the 4k tv market today?
Key players in the 4K TV industry are concentrating on product innovation, such as AI-enabled 4K smart TVs, to improve customer satisfaction and distinguish themselves in a competitive market. AI-enabled 4K smart TVs use artificial intelligence technology to improve picture and sound quality, suggest personalized content, and support voice control, offering a more engaging and immersive viewing experience. For example, Sony Group Corporation, a company that specializes in consumer electronics based in Japan, debuted its 2024 BRAVIA 4K smart OLED TV series in India in October 2024. The models include Series 7, Series 8, and Series 9, all powered by the highly advanced cognitive processor XR. This AI-based technology boosts both picture and sound quality for a more captivating viewing experience. The TVs support a resolution of 3840x2160p with a 120Hz refresh rate and incorporate advanced audio features such as Dolby Atmos and IMAX Enhanced. The slim design of the series and features like the Studio Calibration Mode aim to cater to the rising demand for top-tier smart TVs.
Which key market segments comprise the 4k tv market and drive its revenue growth?
The 4K TV market covered in this report is segmented -
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
Subsegments:
1) By Below 52 Inches: 32 Inches, 40 Inches, 43 Inches, 48 Inches, 50 Inches
2) By 52 - 65 Inches: 52 Inches, 55 Inches, 60 Inches, 65 Inches
3) By Above 65 Inches: 70 Inches, 75 Inches, 80 Inches, 85 Inches, 90 Inches and Larger
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What regions are at the forefront of 4k tv market expansion?
North America will be the largest region in the 4K TV market in 2024. The regions covered in the 4K TV market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the 4k tv market?
Major companies operating in the 4K TV market include Samsung SDI Co. Ltd., Haier Group Corporation, Panasonic Holdings Corporation, Koninklijke Philips N.V, Sharp Corporation, LG Corporation, Sony Group Corporation, Vu Television Corporation, Skyworth Group Co. Ltd., Sichuan Changhong Electric Co. Ltd., TCL Technology, Hitachi Ltd., Apple Inc., Toshiba Corporation, Vizio Inc., Seiki Corporation, Hisense Electrical Co. Ltd., Konka Group Co. Ltd., ASUSTEK Computer Inc., JVC Kenwood Holdings Inc., INNOLUX Corporation, Funai Electric Co. Ltd., Grundig GmbH, Vestel Elektronik Sanayi Ve Ticaret AS, Loewe, Bang & Olufsen AS, Bowers & Wilkins, Dynaudio AS, Elac America Inc., Focal-JMLab Co.
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What Is Covered In The 4K TV Global Market Report?
•Market Size Forecast: Examine the 4k tv market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the 4k tv market for a structured understanding.
•Key Players Overview: Analyze major players in the 4k tv market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 4k tv market.
•Segment Contributions: Evaluate how different segments drive overall growth in the 4k tv market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 4k tv market.
•Industry Challenges: Identify potential risks and obstacles affecting the 4k tv market.
•Competitive Landscape: Review strategic developments in the 4k tv market, including expansions, agreements, and new product launches.
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