Demand : 4K2K TV Market Globally Grow at a CAGR of 33.81% by 2020

ALBANY, NY, April 28, 2017 : The 4K2K TV is the latest revolution in TV technology and the most significant transformation of the TV since full HD (FHD) TVs. 4K2K TVs offer 3840 x 2160 resolution, which is four times the resolution of HD TV. In 2013, the shipment of 4K2K TVs was 2 million units. Shipments reached 18 million units in 2014, due to the rise in 4K content that has a resolution of up to 4K. The adoption rate is likely to increase because of the growing awareness about the technology. We estimate the total shipment to reach 207 million units by 2020. Also, vendors in the market are increasing their R&D investments to meet the rising demand for improved display resolution and are enhancing their value proposition.

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Technavios analysts forecast the global 4K2K TV market to grow at a CAGR of 33.81% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global 4K2K TV market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales of 4K2K TVs by display size:
40-49 inches
50-59 inches
60-69 inches
70-79 inches
80 inches and above

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global 4K2K TV Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Hisense
LG Electronics
Panasonic
Samsung Electronics
Sony

Other prominent vendors
Haier
Koninklijke Philips
Konka
Micromax Informatics
Sansui Electric
Sichuan Changhong Electric
Seiki Digital
Skyworth Digital
TCL
Toshiba
Videocon
Xiaomi Technology

Market driver
Rising popularity of 4K UHD content
For a full, detailed list, view our report

Market challenge
Discrepancy in demand-supply ratio for LCD panels
For a full, detailed list, view our report

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Market trend
Growing number of Chinese players
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.