Global 4K Television Market Is Expected to Reach USD 50 Billion by Forecast to 2023
Global 4K Television Market Research Report by Forecast to 2023
Pune, India -- (SBWire) -- 05/26/2017 --Market Highlights:
4K TV is basically ultra HD with a resolution of 3,840 x 2,160 pixels which is four times of full HD television. The extra resolution of 4K technology images gives better definition and clarity of pictures. Also, 4K technology is used in big screens. Features such as increased pixel density, high resolutions and better picture quality are boosting the growth of the 4K television market.
Factors such as increasing disposable income, changing lifestyle and increasing demand for consumer electronics are driving the growth of the market. Whereas, high cost and initial investments are hampering the growth of the 4k Television Market.
Major Key Players:
-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)
-Toshiba Corporation (Japan)
-Panasonic Corporation (Japan)
-Skyworth Electronics Pvt Ltd (China)
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According to Market Research Future, market has been segmented into type, end-users and region.
On the basis of end-users, the market has been segmented into household and public. Out of these, household accounted for the largest market share majorly due to better standard of living, increasing disposable income and increasing consumer awareness.
Market Research Future Analysis:
The global 4K television market is expected to grow significantly over the forecast period, 2017-2023. Household segment of 4K television market globally drives the market majorly due to increasing demand for more than 55 inches television in the Asian countries. The market is expected to have higher growth rate as compared to the previous years.
Asia-Pacific region accounted for the largest market share because of technological advancements, increasing e-commerce, manufacturing hub, emerging nations and increasing consumer demand for ultra HD televisions. The sales in Asia-Pacific region has grown over the last few years, majorly from countries such as Singapore, Hong Kong, Vietnam and Korea. The region is attributed to increasing number of subscribers, biggest exporters of 4k TV and digital transformation.
However, the North-American region is expected to grow at a fast pace over the forecast period, 2017-2023. The region is attributed to the growth in digitalization.
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, 2017-2023. The reason is attributed to technological developments, biggest importer for 4K televisions and sharper picture quality.
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Table of Contents
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
List of Tables
Table 1 4k TV Market, By Type
Table 2 4k TV Market, By End-Users
Table 3 4k TV Market, By Geography
List of Figures
Figure 1 Research Methodology
Figure 2 4k TV Market, By Type (%)
Figure 3 4k TV Market, By End-Users (%)
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