Market Scenario:
The ultra-definition televisions is a combination of 4K resolution, high dynamic range, high frame rate and wide color gamut (WCG). 4K television is a biggest change in the television industry. The competition between various 4K television vendors has intensified over the past few years.
The factors contributing to the growth of the 4K television market are new technological changes, features such as better picture quality, high resolution, increasing demand for consumer electronics and increasing demand for live shows. However, factor such as high cost is hindering the overall growth of the 4K television market.
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Geographically, Asia-Pacific accounted for the largest market share in the global 4K television market, whereas North-America is expected to grow at a fast pace over the forecast period, 2018-2023.
The global 4K television market is expected to reach approximately USD 50 billion by the end of 2023 with 24% CAGR during forecast period 2018-2023.
Key Players
The key players in the global 4K Television Market include- Sony Corporation (Japan), Videocon Industries Limited (India), TTE Technology, Inc (China), LG Display (South Korea), Samsung Electronics Co. Ltd (South Korea), Haier Inc. (China), Sharp Corporation(Japan), Panasonic Corporation (Japan), Skyworth Electronics Pvt Ltd (China), Toshiba Corporation (Japan), among others.
Regional Analysis:
Regionally, Asia-Pacific accounted for the largest market share, owing to increased adoption of new technological solutions, increasing competition among 4K television vendors, increasing demand for consumer electronics and increasing disposable income.
However, North-America region is expected to grow over the forecast period, 2018-2023. The reason is attributed to technological developments, biggest importer for 4K televisions and sharper picture quality.
Segments:
For the purpose of this study, Market Research Future has segmented the market of 4K television into type, end-users and region.
Type
- <55 Inch
- 55 Inch
- 65 Inch
- Others
End-users
- Household
- Public
Region
- North-America
- Europe
- Asia-Pacific
- RoW
Study Objectives of 4K TV Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the 4K TV
- To provide insights about factors affecting the market growth.
- To analyze the 4K TV market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of type, application, end -users and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the 4K TV.
Intended Audience
- Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Software Developers
- Vendors
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 4K TV MARKET, BY TYPE (%)
FIGURE 3 4K TV MARKET, BY END-USERS (%)
FIGURE 4 4K TV MARKET, BY REGIONS (%)
FIGURE 5 NORTH AMERICA 4K TV MARKET, BY TYPE (%)
FIGURE 6 NORTH AMERICA 4K TV MARKET, BY END-USERS (%)
FIGURE 7 EUROPE 4K TV MARKET, BY TYPE (%)
FIGURE 8 EUROPE 4K TV MARKET, BY END-USERS (%)
FIGURE 9 ASIA-PACIFIC 4K TV MARKET, BY TYPE (%)
FIGURE 10 ASIA-PACIFIC 4K TV MARKET, BY END-USERS (%)
FIGURE 11 REST OF THE WORLD 4K TV MARKET, BY TYPE (%)
FIGURE 12 REST OF THE WORLD 4K TV MARKET, BY END-USERS (%)
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Global 4K TV Market, By Type (<55 Inch, 55 Inch, 65 Inch), By End-users (Household, Public) - Forecast 2023Market OverviewThe 4K format is being increasingly adopted by various TV manufacturers, and 4K TV is gradually entering the mainstream TV space.
Market Research Future (MRFR) has predicted a dynamic CAGR of 24% in the global 4K TV market after a thorough examination of various factors affecting the market over the forecast period of 2017-2023.
Moreover, various over-the-top (OTT) streaming service providers such as Netflix and others have started streaming content in 4K resolution which has encouraged consumers to invest in 4K TV sets.Remarkable technological advancements such as Quantum dot LEDs (QLEDs) and Super UHD (SUHD) have further propelled the 4K TV market.
These new entrants have invested capital in production, distribution, and R in recent years which has driven the market pervasively.
For instance, Xiaomi Corporation, a comparatively newer TV brand, has launched two new Mi 4K TVs and is looking to expand its TV portfolio.
4K TV manufacturers are also incorporating various strategies such as price drops in developing countries to insulate growth from poor consumer spending.Key PlayersThe key players in the global 4K Television Market include- Sony Corporation (Japan), Videocon Industries Limited (India), TTE Technology, Inc (China), LG Display (South Korea), Samsung Electronics Co. Ltd (South Korea), Haier Inc. (China), Sharp Corporation(Japan), Panasonic Corporation (Japan), Skyworth Electronics Pvt Ltd (China), Toshiba Corporation (Japan), among others.SegmentationThe global 4K TV market has been segmented based on type and end user.By type, the 4K TV market has been segmented into <55 Inch, 55 Inch, 65 Inch, and others.By end user, the 4K TV market has been segmented into household and public.Regional AnalysisBy region, the 4K TV market has been segmented into North America, Rest-of-the-World (RoW), Asia Pacific (APAC), and Europe.The APAC 4K TV market is anticipated to eventually emerge as the global manufacturing hub owing to the cost advantage it provides for business operations which is a key factor enhancing the growth of the market.
