Overview and Scope
4K TVs refer to a TV set that has a 4K resolution, that is, it has 3,840 horizontal pixels and 2,160 vertical pixels. With the help of this 4K TV set, we get a more vivid and detailed picture quality. It is used to provide a pristine picture that fills more of the field of view, better recreating the immersive experience of watching a film at the cinema.
Sizing and Forecast
The 4k tv market size has grown exponentially in recent years. It will grow from <b>$229.73 billion in 2023 to $285.28 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. </b> 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 <b>$685.86 billion in 2028 at a compound annual growth rate (CAGR) of 24.5%. </b> 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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Segmentation & Regional Insights
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
<b>North America</b> will be the largest region in the 4K TV market in 2023. 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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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the 4k tv market include <b> 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. </b>
The 4k tv market report table of contents includes:
1. Executive Summary
2.4K TV Market Characteristics
3.4K TV Market Trends And Strategies
4.4K TV Market analysis
5.4K TV Market Size And Growth
6.4K TV Segmentation
7.4K TV Regional And Country Analysis
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27.4K TV Competitive Landscape And Company Profiles
28.4K TV Key Mergers And Acquisitions
29.4K TV Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Samsung SDI Co. Ltd.
- Haier Group Corporation
- Panasonic Holdings Corporation
- Koninklijke Philips N.V
- Sharp Corporation
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