Press release
Future of the 4K TV Market: Trends, Innovations, and Key Forecasts Through 2034
4K TV Market Size
4K TV Market Size Growth Forecast: What to Expect by 2025?
The size of the 4K TV market has seen massive expansion in the past few years. It is expected to increase from a value of $281.13 billion in 2024, to a whopping $346.83 billion in 2025, representing a compound annual growth rate (CAGR) of 23.4%. Factors contributing to this growth during the historic period include availability of 4K content, rising consumer desire for superior display quality, the surge in the gaming industry, efficient supply chains, and rapid urbanization.
How Will the 4K TV Market Size Evolve and Grow by 2029?
Anticipations are high for considerable expansion in the 4K TV market size over the ensuing years, with predictions suggesting growth to a staggering $839.62 billion by 2029, progressing at a compound annual growth rate (CAGR) of 24.7%. This anticipated growth during the projected period can be ascribed to factors such as the emergence of new markets, an increase in disposable income, the rise of new streaming services, work-from-home trends, and the increasing popularity of uhd set-top boxes. Key trends shaping the forecast period encompass innovations in OLED and QLED technology, the embracement of HDR technology, smart features, AI and machine learning, and energy efficiency.
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What Drivers Are Propelling the Growth of 4K TV Market Forward?
The surge in consumer interest for devices with UHD technology is projected to fuel the expansion of the 4K TV market. UHD technology, a display resolution standard with at least 3840 by 2160 pixels (8.3 megapixels; 4K), enables ultra-clear and fine images without affecting image quality, facilitating manufacturers in the production of larger TVs. In turn, consumers enjoy a very vibrant and highly detailed picture quality, leading to the widespread use of this technology in 4K TVs. For instance, Broadband TV News, a UK industry data source, reveals that UHD's popularity escalated to a stunning 75% share in the German TV set market. During the first quarter of 2021, approximately 1.45 million TV sets were purchased in Germany, with 1.1 million being UHD TVs, representing a 75% market share. Consequently, the growing consumer preference for UHD technology devices is accelerating the 4K TV market's ascent.
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Which Emerging Trends Are Transforming the 4K TV Market in 2025?
Leading businesses in the 4K TV market are concentrating on product innovation, such as 4K smart TVs with AI capabilities, to improve the customer experience and stand out in a competitive environment. These AI-powered 4K smart TVs use artificial intelligence to fine-tune audio and visual quality, recommend content tailored to the viewer, and offer voice control for a more engaging and immersive viewing experience. In October 2024, for example, Sony Group Corporation, a consumer electronics company based in Japan, introduced its 2024 BRAVIA 4K smart OLED TV series in India. This line includes the Series 7, Series 8, and Series 9 models, all equipped with the innovative cognitive processor XR for enhanced picture and sound quality. Offering a resolution of 3840x2160p and a 120Hz refresh rate, and boasting audio advancements like Dolby Atmos and IMAX Enhanced, these TVs target the increasing demand for high-end smart TVs with their stylish design and features such as Studio Calibration Mode.
What Are the Key Segments in the 4K TV Market?
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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Who Are the Key Players Shaping the 4K TV Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the 4K TV Market?
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.
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