The report on 4K TV Market by Infinium Global Research analyzes the 4K TV market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global 4K TV market. It will help a lot of decision makers to develop strategies and find new opportunities in the 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.
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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.
What are the Biggest Profitability Drivers for the 4K TV Industry?
The increasing adoption of streaming services for entertainment is majorly driving the 4K TV market. 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. 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.
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What are the Fastest Growing Segments in the 4K TV Industry?
The 4K TV market is segmented on the basis of technology, screen size, and end-user. The technology of 4K TV is classified into LCD/IPS, OLED, and Quantum dot. The OLED segment among the technology held the largest share owing to lower cost and number of innovations in the LEDs.
The screen size of the 4K TV includes below 55 inches, 55-65 inches and above 65 inches. Among the screen sizes the 55-65 inches segment dominated the market owing to the increased purchasing power of the customers and the greater number of 4K TVs in the 55-65 inches segment. Based on end-users the 4K TV market is segmented into residential and commercial. The residential segment among the end-users held the highest market share owing to growing disposable income of the individuals and their improving lifestyle.
Which Region is a Market Leader in the Global 4K TV Market and what are the Key Reasons?
Regionally, 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.
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