Press release
4K TV Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
4K TV Market
What Is the Current 4K TV Market Size and Its Estimated Growth Rate?
The size of the 4K TV market has seen dramatic expansion in recent years. The market, presently valued at $281.13 billion in 2024, is forecasted to surge to $346.83 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 23.4%. The notable growth during the historic period can be traced back to several factors such as the accessibility of 4K content, consumer inclination towards superior display quality, the booming gaming industry, effective distribution networks, and the swift pace of urbanization.
In the coming years, a significant surge is projected in the market of 4K TV, expanding to $839.62 billion in 2029 with a compound annual growth rate (CAGR) of 24.7%. The predicted uplift in this period can be ascribed to emerging markets, increase in dispensable income, the rise of new streaming platforms, work-from-home pattern, and the growing fondness for UHD set-top boxes. Notable trends expected during this period comprise OLED and QLED technology, the adoption of HDR technology, intelligent features, AI and machine learning, as well as energy efficiency.
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How Are Emerging Segments Shaping the 4K TV Market Landscape?
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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Which Growth Factors Are Influencing 4K TV Market Expansion?
Advancements in UHD technology devices, fueled by increasing consumer demand, are expected to drive the expansion of the 4K TV market. UHD technology, which denotes a display resolution standard possessing a minimum of 3840 by 2160 pixels (approximately 8.3 megapixels or 4K), enables the production of images that are sharp and clear, without any loss in image quality. This technological innovation allows manufacturers to develop larger TVs, while consumers can enjoy more vibrant and detailed pictures, making it a desirable feature in 4K TVs. For example, data from Broadband TV News, an industry information source based in the UK, reveals that the UHD's share in the German TV market surged to 75%. During the first quarter of 2021, roughly 1.45 million TV units were purchased in Germany, of which 1.1 million were UHD TVs, contributing to 75% of the total sales. Consequently, the surging consumer preference for UHD technology devices significantly contributes to the growth trajectory of the 4K TV market.
Who Are the Dominant Players Across Different 4K TV Market Segments?
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.
What Are the Latest Developing Trends in the 4K TV Market?
In the 4K TV market, dominant firms are paying keen attention to product innovation, putting a spotlight on AI-enabled 4K smart TVs, as a way to set themselves apart amidst stiff competition. These AI-backed 4K smart TVs harness the power of artificial intelligence to fine-tune picture and sound quality, suggest content tailored to the user's preference and offer voice control for a smoother, more immersive viewing encounter. For instance, the Sony Group Corporation, a consumer electronics company based in Japan, rolled out their 2024 BRAVIA 4K smart OLED TV series in India, in October 2024. The series includes the Series 7, Series 8, and Series 9 models, all boasting the advanced cognitive processor XR. This AI-centric technology takes picture and sound quality to another level, facilitating an immersive viewing experience. The TVs, supporting a resolution of 3840x2160p and a 120Hz refresh rate, also feature improved audio features such as Dolby Atmos and IMAX Enhanced. The series with its sleek design and unique features like Studio Calibration Mode, is aimed at addressing the escalating demand for high-end smart TVs.
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Which Geographic Regions Are Expected to Dominate the 4K TV Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 4K TV Market?
2. What is the CAGR expected in the 4K TV Market?
3. What Are the Key Innovations Transforming the 4K TV Industry?
4. Which Region Is Leading the 4K TV Market?
Why This Report Matters:
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