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Global 4K TV Market to reach USD 473.66 billion by the end of 2030

Global 4K TV Market Size study & Forecast, by Type (55 inch, <55 inch, 65 inch), by End-User (Public, Household) and Regional Analysis, 2023-2030

Product Code: ECE-30195260
Publish Date: 15-11-2023
Page: 200

Global 4K TV Market is valued at approximately USD 142.5 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.20% over the forecast period 2023-2030. The 4K TV Market is a television providing high quality and large screen display with additional smart features so that viewers can enjoy watching movies and other content. The 4K TV Market is expanding because of factors such as rise in popularity of high-quality television and increase in adoption of video walls. However, lack of availability of 4K content and high prices of large display television might hinder the market growth.

The increase in population demanding smart and high quality television results in growth of 4K TV market. As according to Statista 2023, the revenues estimated for television sector is USD 96.16 billion in 2028. Additionally, Television shipment globally would be USD 199 million. This revenue and shipment of television sector shows that there is high production and sales of television leading to the high sales of 4K television. Furthermore, increase in preference and acceptance of video walls due to it high quality and large screen also helps the 4K TV Market to grow. The increase in population demanding smart and high-quality television results in growth of 4K TV market. According to Statista 2023, The electronics market globally is expected to grow by 2.32% globally. Increase in electronics market leads to technological advancement in electronics market. This technological advancement results in advancement and innovations in 4K TV Market which further act as an opportunity for the growth of the market. The Ecommerce electronics market is also growing with shift in people buying electronic products online. As, according to Statista 2022, USD 860 billion dollar was the forecasted estimate of ecommerce electronics market, this increase in ecommerce electronics market is again an opportunity for 4K TV Market.

The key regions considered for the Global 4K TV Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 due to the increase in sales of 4K TVs with comparatively low prices in this region. According, to Statista 2023, In 2020, the revenue created in the Asian-Pacific television market amounted to USD 78.15 billion. North America is expected to grow significantly over the forecast period, owing to factors such as population adopting 4K TVs at an early stage. According to Statista 2022, In 2021, around 44% of U.S. television households have a 4K-capable TV set at home compared to 31% in 2019. Moreover. revenue in the Televisions market amounts to USD 22.1billion in 2023. This results in growth of 4K television market in this region.

Major market player included in this report are:
Apple Inc.
LG Electronics, Inc
Panasonic Corporation Ltd.
Samsung Electronics Co. Ltd.
Sony Corporation
Tokyo Shibaura Electric Co., Ltd
Hitachi, Ltd
Haier Inc
Videocon Industries Limited

Recent Developments in the Market:
Ø In August 2023, LG Electronics announced the launch of the unique LG StanbyME Go (model 27LX5). The innovative new model boasts a 27-inch touch display and a 20W four-channel speaker system. It is perfect for watching movies and playing games and has superior screen protection its high-quality screen encourages consumers to buy this product more. Which results in increase in sales of this product.
Ø In August 2023, Sony Corporation announced the release of ECX344A. This product has a large-size, high-definition 1.3-type OLED Micro display. It comes with a 4K resolution which contribute to more realistic experience of the viewers. By providing this new micro display, It supports new experiences with VR/AR head-mounted displays that deliver an incredible sense of reality immersion.

Global 4K TV Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered –Type, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
55 Inch
<55 Inch 65 Inch By End User: Public Household By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. 4K TV Market, by Region, 2020-2030 (USD Billion)
1.2.2. 4K TV Market, by Type, 2020-2030 (USD Billion)
1.2.3. 4K TV Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global 4K TV Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global 4K TV Market Dynamics
3.1. 4K TV Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rise in popularity of high-quality television Increase in adoption of video walls
3.1.2. Market Challenges Lack of availability of 4K content High prices of large display television
3.1.3. Market Opportunities Upgradation of technology in electronic market Increase in shift of population to online shopping
Chapter 4. Global 4K TV Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global 4K TV Market, by Type
5.1. Market Snapshot
5.2. Global 4K TV Market by Type, Performance – Potential Analysis
5.3. Global 4K TV Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. 4K TV Market, Sub Segment Analysis
5.4.1. 55 Inch
5.4.2. <55 Inch 5.4.3. 65 Inch Chapter 6. Global 4K TV Market, by End User 6.1. Market Snapshot 6.2. Global 4K TV Market by End User, Performance – Potential Analysis 6.3. Global 4K TV Market Estimates & Forecasts by End User 2020-2030 (USD Billion) 6.4. 4K TV Market, Sub Segment Analysis 6.4.1. Public 6.4.2. Household Chapter 7. Global 4K TV Market, Regional Analysis 7.1. Top Leading Countries 7.2. Top Emerging Countries 7.3. 4K TV Market, Regional Market Snapshot 7.4. North America 4K TV Market 7.4.1. U.S. 4K TV Market Type breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030 7.4.2. Canada 4K TV Market 7.5. Europe 4K TV Market Snapshot 7.5.1. U.K. 4K TV Market 7.5.2. Germany 4K TV Market 7.5.3. France 4K TV Market 7.5.4. Spain 4K TV Market 7.5.5. Italy 4K TV Market 7.5.6. Rest of Europe 4K TV Market 7.6. Asia-Pacific 4K TV Market Snapshot 7.6.1. China 4K TV Market 7.6.2. India 4K TV Market 7.6.3. Japan 4K TV Market 7.6.4. Australia 4K TV Market 7.6.5. South Korea 4K TV Market 7.6.6. Rest of Asia Pacific 4K TV Market 7.7. Latin America 4K TV Market Snapshot 7.7.1. Brazil 4K TV Market 7.7.2. Mexico 4K TV Market 7.8. Middle East & Africa 4K TV Market 7.8.1. Saudi Arabia 4K TV Market 7.8.2. South Africa 4K TV Market 7.8.3. Rest of Middle East & Africa 4K TV Market Chapter 8. Competitive Intelligence 8.1. Key Company SWOT Analysis 8.1.1. Company 1 8.1.2. Company 2 8.1.3. Company 3 8.2. Top Market Strategies 8.3. Company Profiles 8.3.1. Apple, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments 8.3.2. LG Electronics, Inc 8.3.3. Panasonic Corporation Ltd. 8.3.4. Samsung Electronics Co Ltd 8.3.5. Sony Corporation 8.3.6. VIZIO, Inc 8.3.7. Tokyo Shibaura Electric Co., Ltd 8.3.8. Hitachi, Ltd 8.3.9. Haier Inc 8.3.10. Videocon Industries Limited Chapter 9. Research Process 9.1. Research Process 9.1.1. Data Mining 9.1.2. Analysis 9.1.3. Market Estimation 9.1.4. Validation 9.1.5. Publishing 9.2. Research Attributes 9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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