4K TV Market Industrial Insights, Growth, Future Trends, Geographic Analysis to 2023

Market Scenario:

The ultra-definition televisions is a combination of 4K resolution, high dynamic range, high frame rate and wide color gamut (WCG). 4K television is a biggest change in the television industry. The competition between various 4K television vendors has intensified over the past few years.

The factors contributing to the growth of the 4K television market are new technological changes, features such as better picture quality, high resolution, increasing demand for consumer electronics and increasing demand for live shows. However, factor such as high cost is hindering the overall growth of the 4K television market.

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Geographically, Asia-Pacific accounted for the largest market share in the global 4K television market, whereas North-America is expected to grow at a fast pace over the forecast period, 2018-2023.

The global 4K television market is expected to reach approximately USD 50 billion by the end of 2023 with 24% CAGR during forecast period 2018-2023.

Key Players

The key players in the global 4K Television Market include- Sony Corporation (Japan), Videocon Industries Limited (India), TTE Technology, Inc (China), LG Display (South Korea), Samsung Electronics Co. Ltd (South Korea), Haier Inc. (China), Sharp Corporation(Japan), Panasonic Corporation (Japan), Skyworth Electronics Pvt Ltd (China), Toshiba Corporation (Japan), among others.

Regional Analysis:

Regionally, Asia-Pacific accounted for the largest market share, owing to increased adoption of new technological solutions, increasing competition among 4K television vendors, increasing demand for consumer electronics and increasing disposable income.

However, North-America region is expected to grow over the forecast period, 2018-2023. The reason is attributed to technological developments, biggest importer for 4K televisions and sharper picture quality.

Intended Audience

• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors

Segments:

For the purpose of this study, Market Research Future has segmented the market of 4K television into type, end-users and region.

Type

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