Global
4K TV’s Market by Screen Size (Below 52 inches, 52-65 Inches, Above 65 inches)
By Technology (Organic Light Emitting Diode (OLED), Light Emitting Diode (LED))
By Screen Type (Flat Screen, Curved Screen) and Region - Global Forecast to
2024
4K
television is an ultra-high definition (UHD) television. 4K TV’s have a
resolution of 3,840 pixels* 2,160 lines (8.3 megapixels, aspect ratio 16:9).
This 4K resolution is four times the resolution of full HD. 4K televisions
provide a wider range of colors and pictures appears are more vibrant.
Market Size and Forecast
The global
4K TV’s market is expected to grow at a CAGR of 18.1% over the forecast period
i.e. 2017-2024. The market of 4K TV’s
is driven by various factors such as rising adoption of innovative technology
and swelled disposable income of the population all across the globe.
By
geography, with 41% in 2016, Asia-Pacific region accounted for the largest
market share followed by North America. Asia-Pacific region is anticipated to
continue its dominance over the forecast period. This region is most lucrative
market across the globe owing to emerging economies such as India and China.
Further, product innovation by manufacturers in China and South Korea are
fuelling the growth of 4K TV’s in this region. Besides this, rise in per capita
income in this region is also envisioned to flourish the growth of 4K TV’s
market.
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North
America stood at second position in revenue terms in 4K TV’s across the globe.
Further, North America region is projected to be the fastest growing 4K TV’s
market by the end of 2024. Further, evolution of consumer electronic industry
and increasing demand for high-end home products are anticipated to foster the
demand for 4K TV’s in this region. U.S. is anticipated to capture highest
market share in this region over the forecast period. Europe region is the
third largest 4K TV’s market owing to growing consumer preference from HD to 4K
technology for better imaging. The major countries witnessing the augmented
demand for 4K television include Germany, U.K. and France.
Furthermore,
Middle East and Africa is also expected to witness a tremendous growth over the
forecast period owing to rising popularity of ultra-high definition televisions
in this region.
Market Segmentation
Our
in-depth analysis segmented the global 4K TV’s market in the following
segments:
By Screen Size
·
Below
52 Inches
·
52
- 65 Inches
·
Above
65 inches
By Technology
·
Organic
Light Emitting Diode (OLED)
·
Light
Emitting Diode (LED)
By Screen
Type
·
Flat
Screen
·
Curved
Screen
By Distribution Channel
·
Online
Store
·
Offline
Store
By Price
Range
·
Premium
·
Mid
·
Low
End-users
·
Residential
·
Commercial
By Region
Global 4K
TV’s market is further classified on the basis of region as follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity
Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, South Korea &Rest
of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
·
Middle
East and Africa (GCC, South Africa, North Africa, Rest of Middle East and
Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
Factors
such as advancement in graphic technology in television and growing demand for
high end electronics are believed to be the dynamic factor behind the rapid
growth of 4K TV’s market across the
globe. Further, huge investment by industry players in
technology advancements is envisioned to bolster the growth of 4K TV’s market
by the end of 2024.
Moreover,
popularity of the ultra-high definition televisions and increasing purchasing
power of the consumers are the major factor propelling the growth of 4K TV’s
market. Likely, growing demand for 4K television for better picture quality and
increased penetration of UHD set top boxes are projected to boost the demand
for 4K TV’s. Swelled disposable income of the population across the globe
supported by the positive GDP figures in growing nations is supporting the
penetration of consumer electronics.
However,
high cost associated with the 4K television is anticipated to hinder the growth
of 4K TV’s market over the forecast period.
Key players
The major
key players for 4K TV’s market are as follows
·
Samsung
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
LG
Electronics
·
Sony
Corporation
·
Hisense
·
Sharp
Corporation
·
Philips
·
Panasonic
·
Vizio
·
Toshiba
Corporation
·
TCL
Scope and Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
4K TV’s market is segmented as follows:
·
By
Screen Size Market Size & Y-O-Y Growth Analysis
·
By
Technology Market Size & Y-O-Y Growth Analysis
·
By
Screen Type Market Size & Y-O-Y Growth Analysis
·
By
Distribution Channel Market Size & Y-O-Y Growth Analysis
·
By
Price Range Market Size & Y-O-Y Growth Analysis
·
By
End User Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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