The Business Research Company’s report on the 4K TV Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the 4k tv market?
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, 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.
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How has the 4k tv market size evolved, and what are the latest forecasts for its expansion?
The 4K TV market size has grown exponentially in recent years. It will grow from $281.13 billion in 2024 to $346.83 billion in 2025 at a compound annual growth rate (CAGR) of 23.4%. 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 $839.62 billion in 2029 at a compound annual growth rate (CAGR) of 24.7%. 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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Which major companies dominate the 4k tv market?
Major companies operating in the 4K TV market include 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.
What trends will shape the future of the 3d printing plastics market?
Major companies operating in the 4K TV market are focusing on innovating products, such as AI-powered 4K smart TVs, to enhance user experience and differentiate themselves in a competitive landscape. AI-powered 4K smart TVs use artificial intelligence to optimize picture and sound quality, provide personalized content recommendations, and enable voice control for a more intuitive and immersive viewing experience. For instance, in October 2024, Sony Group Corporation, a Japan-based consumer electronics company, launched its 2024 BRAVIA 4K smart OLED TV series in India, featuring the Series 7, Series 8, and Series 9 models, all powered by the advanced cognitive processor XR. This AI-driven technology enhances picture and sound quality, delivering an immersive viewing experience. The TVs support a resolution of 3840x2160p with a 120Hz refresh rate and include audio enhancements like Dolby Atmos and IMAX Enhanced. With a sleek design and features such as Studio Calibration Mode, the series aims to meet the growing demand for premium smart TVs.
Which region dominates the 4k tv market, and what factors contribute to its leadership?
North America will be the largest region in the 4K TV market in 2024. 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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How is the 4k tv market segmented, and which segment holds the largest share?
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
Subsegments:
1) By Below 52 Inches: 32 Inches, 40 Inches, 43 Inches, 48 Inches, 50 Inches
2) By 52 – 65 Inches: 52 Inches, 55 Inches, 60 Inches, 65 Inches
3) By Above 65 Inches: 70 Inches, 75 Inches, 80 Inches, 85 Inches, 90 Inches and Larger
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How is the 4k tv market defined, and what are its core characteristics?
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.
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