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Global 4K TV Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics

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Global 4K TV Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global 4K TV Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 77.30 Billion
Diagram Market Size (Forecast Year) USD 359.92 Billion
Diagram CAGR %

Global 4K TV Market, By Technology (LCD/IPS, OLED, Quantum Dot), Screen Size (Below 55 Inches, 55-65 Inches, Above 65 Inches), End-User (Residential, Commercial) – Industry Trends and Forecast to 2030.

4K TV Market

4K TV Market Analysis and Size

The global 4K TV market refers to the worldwide industry for television sets that offer a resolution of 3840 x 2160 pixels, commonly known as 4K or Ultra High Definition (UHD). It encompasses the production, distribution, and sales of these advanced televisions, as well as related technologies and accessories. The market is driven by consumer demand for superior picture quality, larger screen sizes, and smart features, with key players competing to innovate and capture a share of this growing segment. Factors such as technological advancements, pricing, and content availability play a significant role in shaping the market dynamics.                       

Data Bridge Market Research analyses that the global 4K TV market which was USD 77.3 billion in 2022, is expected to reach USD 83.3 billion by 2030, and is expected to undergo a CAGR of 21.2% during the forecast period of 2023 to 2030. The “Technology type” segment is expected to dominate because of its crucial role in high-performance 4K TV, where ability to deliver superior picture quality, including deep blacks, vibrant colours, and rapid response times. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

 4K TV Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Technology (LCD/IPS, OLED, Quantum Dot), Screen Size (Below 55 Inches, 55-65 Inches, Above 65 Inches), End-User (Residential, Commercial)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Samsung (South Korea), LG Electronics, Inc. (South Korea),  Sony Corporation (Japan),  Vu Technologies Pvt. Ltd. (U.S.), Sharp Corporation (Japan)

Market Opportunities

  • Rise in strategic collaborations
  • Technological Advancements
  • Smart Features and Connectivity

 

Market Definition

The 4K TV market refers to the industry segment focused on the production, distribution, and sales of television sets with a resolution of 3840 x 2160 pixels, also known as 4K or Ultra High Definition (UHD). This market encompasses the competition among manufacturers, technological advancements, content availability, and consumer demand for higher-quality visuals and enhanced viewing experiences. It represents the global landscape of 4K television products and related technologies.

Global 4K TV Market Dynamics

Drivers

  • Increasing Consumer Demand

The global 4K TV market is experiencing robust growth due to the surging demand from consumers for superior image quality. As people seek more immersive viewing experiences, 4K TVs, with their higher resolution and clarity, have become increasingly popular. This demand is fueled by the desire for sharper visuals and more vibrant colors, especially for larger screen sizes

  • Content Proliferation

A significant driver is the proliferation of 4K content across various entertainment platforms. Streaming services, broadcasters, and content creators are producing a growing library of 4K content, including movies, TV series, and sports events. As a result, consumers are motivated to upgrade to 4K TVs to fully enjoy this content, boosting market growth

  • Falling Prices and Accessibility

The declining prices of 4K TVs have made them more accessible to a broader range of consumers. Advances in manufacturing processes and economies of scale have led to cost reductions, making 4K TVs a more affordable choice. This affordability factor is a key driver behind the widespread adoption of 4K TVs

Opportunity

  • Technological Advancements

Ongoing technological advancements in the 4K TV sector, such as High Dynamic Range (HDR), OLED, and Quantum Dot (QLED) technologies, are driving market growth. These innovations enhance contrast, color accuracy, and overall picture quality, making 4K TVs increasingly attractive to consumers looking for top-notch

Restraints/Challenges

  • High Initial Costs

The adoption of 4K TVs is hindered by their higher initial purchase costs compared to standard Full HD TVs. Consumers may be deterred by the premium price point, especially when considering larger screen sizes or additional features, impacting market growth

  • Limited 4K Content

While content availability is a driver, the lack of a comprehensive library of 4K content remains a significant challenge. Not all TV programs, films, or streaming services offer 4K options, which can deter consumers from upgrading to 4K TVs as they may not fully utilize their capabilities

Recent Development

  • In November 2020, TCL, a China-based electronics company that manufactures consumer products, including televisions, merged with BOE for the captive TV/monitor OEM business. This merger will help both companies optimise their group supply chain resources. BOE Technology Group Co. Ltd. is a China-based company that manufactures LCD and OLED displays, including 4K TVs

Global 4K TV Market Scope

The global 4K TV Market is segmented on the basis of technology, screen size and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

  • LCD/IPS
  • OLED
  • Quantum Dot

Screen Size

  • Below 55 Inches
  • 55-65 Inches
  • Above 65 Inches

End-User

  • Residential
  • Commercial

Global 4K TV Market Regional Analysis/Insights

The global 4K TV Market is analyzed and market size insights and trends are provided by technology, screen size and end-user as referenced above.

The countries covered in the global 4K TV market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the global 4K TV market because of its advanced technological infrastructure and high adoption of smart city initiatives, strong presence of major players in the market, and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth in the global 4K TV market during the forecast period of 2023 to 2030 due to rapid urbanization, increasing infrastructure development, and the adoption of advanced technologies in countries such as China, Japan, and India. In addition, the region's expanding automotive and consumer electronics industries contribute to the growing demand for infrared LED lighting solutions. Furthermore, favourable government initiatives and investments in smart city projects further drive the market growth in the Asia-Pacific region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global 4K TV Market Share Analysis

The global 4K TV market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global 4K TV market.

Some of the major players operating in the global 4K TV market are:

  • Samsung (South Korea)
  • LG Electronics, Inc. (South Korea)
  • Sony Corporation (Japan)
  • Vu Technologies Pvt. Ltd. (U.S.)
  • Sharp Corporation (Japan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The 4K TV market size will be worth USD 83.3 billion by 2030.
The 4K TV Market growth rate is 21.2% during the forecast period.
Increasing Consumer Demand, Content Proliferation & Falling Prices and Accessibility are the growth drivers of the 4K TV Market.
The technology, screen size and end-use rare the factors on which the 4K TV Market research is based.
TCL, a China-based electronics company that manufactures consumer products, including televisions, merged with BOE for the captive TV/monitor OEM business and this merger will help both companies optimise their group supply chain resources are the latest developments in the 4K TV Market.
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