4K TV Market Share - Trends, Segmentation, Opportunities and Forecast 2023
Posted by Akash Sangshetti on March 20th, 2020
4K TV is basically ultra HD with a resolution of 3,840 x 2,160 pixels which is four times of full HD television. The extra resolution of 4K technology images gives better definition and clarity of pictures. Also, 4K technology is used in big screens. Features such as increased pixel density, high resolutions and better picture quality are boosting the growth of the 4K TV market Share.
Factors such as increasing disposable income, changing lifestyle and increasing demand for consumer electronics are driving the growth of the market. Whereas, high cost and initial investments are hampering the growth of the 4K television market.
The 4K TV Market Share is expected to reach approximately USD 50 billion by the end of 2023 with 24% CAGR during forecast period 2018-2023.
The key players in the 4K TV Market Share 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.
The 4K TV Market Share has been segmented based on type and end user.
By 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. Moreover, prolific growth of the consumer electronics industry along with the expansion of inter-related industries such as semiconductor has uniquely positioned the APAC 4k tv market for further progress. The region is swiftly adopting new technologies such as Quantum dot LEDs (QLEDs) and Super UHD (SUHD) which is being purveyed by the rise in spending capabilities of consumers. This has affected the market growth positively. South Korea, Japan, and China are concentrated with market players and are generating a significant portion of the revenue.
North America is pegged to capture the second largest share of the 4K TV market. Technological developments in the region along with consumer preference for streaming services due to fast internet speeds with low latency is favoring the growth of the market. More number of network providers are streaming content in 4K resolution which is encouraging the growth of the market. Moreover, due to affordability, a high number of consumers are subscribing to over-the-top (OTT) services which is anticipated to fuel the market growth.
TABLE OF CONTENTS
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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About the AuthorAkash Sangshetti
Joined: October 1st, 2019
Articles Posted: 322
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