A recent report published by Infinium Global Research on 4k TV market provides an in-depth analysis of segments and sub-segments in the global as well as regional 4k TV market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional 4k TV market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global 4k TV market. According to the report, the global 4k TV market is projected to grow at a CAGR of 24.16% over the forecast period of 2019-2025.
Rapid advancements in technology are shifting the dynamics of the consumer electronics segment. The innovative products developed by the evolving technology offers the customers comfort and better experience. The television industry has witnessed drastic changes in the past decade due to the development of LCD, LED, OLED and AMOLED technologies. The 4K TVs are the latest offering developed by the manufacturers, which produce ultra-high-definition pictures. The 4k TV market is highly competitive and consolidated in nature. Only a few of the leading market players have command over a large part of market share. The key players in the market including Samsung Electronics Co., Ltd., Sony Corporation, LG Electronics Inc., Sharp Corporation and others are focusing on developing new panel technologies to offer cost-efficient and energy-efficient displays with better resolution.
The growing adoption of streaming services for entertainment is majorly driving the 4k TV market. High penetration of internet and growing content on streaming platforms help the streaming services to catch the pace with conventional TV cable platforms. Moreover, the growing use of ultra-high definition camcorders and cameras for shooting by filmmakers is expected to boost the growth of the 4k TV market. To offer the audience better and real to the life experience, filmmakers and production houses are using advanced and ultra-high-definition cameras for shooting. The images shot on these cameras are experienced better on ultra-high-definition displays such as 4K TVs. Furthermore, the availability of high definition content players such as Blu-ray players augmented the growth of the 4k TV market. However, the high overall cost is the major restraining factor for the growth of the 4k TV market. Nevertheless, the increasing application in telepresence & telemedicine and military intelligence gathering & monitoring is expected to offer lucrative opportunities for the key players in the 4k TV market.
In terms of region, Asia-Pacific held the highest market share, dominating the global 4k TV market. The dominance of Asia-Pacific attributed to the increasing disposable income, increasing demand for consumer electronics, increased adoption of new technological solutions, and increasing competition among 4K television vendors. Moreover, the higher penetration of 4K TVs coupled with low price offerings by vendors is expected to boost the growth of the 4k TV market in Asia-Pacific.
The report on global 4k TV market covers segments such as technology, screen size, and end-use. On the basis of technology, the sub-markets include LCD/IPS, OLED, and quantum dot. On the basis of screen size, the sub-markets include below 55 inches, 55-65 inches, and above 65 inches. On the basis of end-use, the sub-markets include residential, and commercial.
The report provides profiles of the companies in the market such as Samsung Electronics Co., Ltd., Sony Corporation, LG Electronics Inc., Panasonic Corporation, Vu Technologies Pvt. Ltd., Sharp Corporation, Toshiba Corporation, Koninklijke Philips N.V., TTE Technology, Inc., Sceptre Inc., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of 4k TV market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.