The Global 4K TV Market to grow from USD 133,329.35 Million in 2019 to USD 277,404.62 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 12.98%.
Market Segmentation & Coverage:
The research report categorizes the 4K TV Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Technology, the 4K TV Market studied across LCD/IPS, LED, OLED, and Quantum Dot.
Based on Screen Size, the 4K TV Market studied across 55 inches, 55-65 inches, and Above 65 inches.
Based on Screen Type, the 4K TV Market studied across Curved Screen and Flat Screen.
Based on Distribution Channel, the 4K TV Market studied across Offline Store and Online Store.
Based on End User, the 4K TV Market studied across Commercial and Residential.
Based on Geography, the 4K TV Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
The factors attributing to the growth of the market are growing adoption of streaming services for entertainment, increasing use of ultra-high definition camcorders and cameras for shooting by filmmakers, advancement in graphic technology in television and growing demand for high-end electronics, and availability of high definition content players such as blu-ray players. However, some factors such as high cost of the product may hinder the market growth. The 4K TV Market expected to showcase the opportunities such as increasing application in telepresence & telemedicine and military intelligence gathering & monitoring, huge investment by industry players in technology advancements, increasing penetration of uhd set-top boxes, and popularity of the ultra-high-definition televisions and increasing purchasing power of the consumers. Soon market may face the possible challenges in the growth due to display quality dependent of the bandwidth of connection. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Global 4K TV Market: Market Dynamics
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the 4K TV Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The 4K TV Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global 4K TV Market, including Haier Inc., Hisense, Koninklijke Philips N.V., LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co., Ltd., Sceptre Inc., Sharp Corporation, Sharp Corporation, Sony Corporation, TCL Corporation, Toshiba Corporation, TTE Technology, Inc., VIZIO Inc., and Vu Technologies Pvt. Ltd..