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 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
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015-2020) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Technology (LCD/IPS, OLED, Quantum Dot), Screen Size (Below 55 Inches, 55-65 Inches, Above 65 Inches), End-User (Residential, Commercial) |
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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. |
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Market Players Covered |
Samsung (South Korea), LG Electronics, Inc. (South Korea), Sony Corporation (Japan), Vu Technologies Pvt. Ltd. (U.S.), Sharp Corporation (Japan) |
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Market Opportunities |
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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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