Global 4K TV Market to reach USD 407.4 billion by 2025 | CAGR: 21.30%
New York 28 December 2017, Global 4K TV industry is poised to raise USD 407.4 billion by 2025. The consumer electronics industry is evolving rapidly and hence there is a significant growth in demand for high-quality products from the end users. 4K TVs offer higher contrast ratios and better viewing angles as compared to HD TVs which is a major factor behind the replacement sales of televisions from home entertainment sector. The global 4K TV market is anticipated to grow at a CAGR of 21.30% during 2017-2025. The market growth is primarily driven by increasing consumer preference for superior quality of products and development of technologies such as Ultra Broadband(UBB). Moreover, high demand from various end-user industries such as entertainment, telemedicine, surveillance & monitoring and advertising are expected to create significant opportunities over the forecast period.
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Global 4K TV (Television) Market Size Study, By Screen Size (Below 52 inches, 52- 65 inches, Above 65 inches), and Regional (North America, Asia Pacific, Europe, Latin America, Rest of the World) Forecasts, 2017 – 2025
The global 4K TV marker report is segmented by screen size and by region. On the basis of screen type the market is segmented into three categories, viz. below 52 inches, 52-65 inches, above 65 inches. In 2016, 52 to 65 inches segment accounted the largest market share of approximately 51% of the total market. 4K televisions under this screen size range has been largely adopted in home & entertainment sector. However, owing to high demand from commercial sectors such as media and advertising above 65 inches TV are expected to witness the highest growth over the forecast period.
The geographical paradigm of global 4K TV market is dominated by Asia Pacific region. With the presence of leading market players such as Samsung, LG Electronics, Sony Corp., Hisense, and Sharp Corp the region has witnessed significant technological innovations which are driving the market growth. China holds more than 80% of the revenue share in Asia Pacific 4K TV market. Furthermore, North America is anticipated to witness highest CAGR 27.4% over the forecast period 2017-2025. Due to higher awareness level the region is expected to witness agile adoption for 4K TVs over the forecast period.
The global 4K TV industry seems to be fairly competitive. Some of the leading market players include Samsung Electronics, LG Electronics, Sony Corp. Changhong Electric Co. Ltd, and so on. Other market players discussed in the report include VU Technologies PVT. Ltd., Sharp Corporation, Panasonic Corporation, Skyworth Digital Holdings Co., Ltd., and VIZIO, Inc.
Key findings of the study:
- Asia Pacific accounted for the largest market share, more than 40% of the total market in 2016.
- 52 to 65 inches segmented is estimated to hold the largest market share of about 50% in 2016
- 4K TVs with more than 65 inches sizes are likely to witness a huge growth of more than 25% over the forecast period 2017-2025
- Key players are heavily investing in designing new designs in order to attract new customers in the market.
Bizwit Research & Consulting LLP has considered following segments for the study:
4K TV Screen Size outlook:
- Below 52 inches
- 52 to 65 inches
- greater than 65 inches
- North America
- Asia Pacific
- Latin America
- Rest of the World