4K TV Global Market Report 2024

“4K TV Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on 4k tv market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for 4k tv? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The 4k tv market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

• The impact of higher inflation in many countries and the resulting spike in interest rates.
• The continued but declining impact of COVID-19 on supply chains and consumption patterns.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Screen Size: Below 52 inches; 52 - 65 inches; Above 65 inches
• 2) By Technology: LCD/IPS; OLED; Quantum Dot
• 3) By Distribution Channel: Offline Stores; Online Stores
• 4) By End-User: Residential; Commercial; Industrial
• Companies Mentioned: Samsung SDI Co. Ltd.; Haier Group Corporation; Panasonic Holdings Corporation; Koninklijke Philips N.V; Sharp Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

4K TVs, or televisions with a 4K resolution, boast 3,840 horizontal pixels and 2,160 vertical pixels, providing a more vivid and detailed picture quality. These TVs offer a pristine display that fills more of the field of view, delivering an immersive experience akin to watching a film in a cinema.

The main screen types of 4K TVs are categorized by size, including below 52 inches, 52-65 inches, and above 65 inches. 4K TVs under 52 inches cater to smaller spaces, making them ideal for applications like small bedrooms. Technologies utilized in 4K TVs include LCD, IPS, OLED, and quantum dot. These TVs are distributed through both offline and online stores, and their end-users span residential, commercial, and industrial settings.

The 4k TV market research report is one of a series of new reports from The Business Research Company that provides 4k TV market statistics, including 4k TV industry global market size, regional shares, competitors with an 4k TV market share, detailed 4k TV market segments, market trends and opportunities, and any further data you may need to thrive in the av4k TV industry. This 4k TV market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The 4k tv market size has grown exponentially in recent years. It will grow from $229.73 billion in 2023 to $285.28 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth observed during the historical period can be attributed to factors such as the availability of 4K content, consumer demand for high-quality displays, the rise in the gaming industry, efficient distribution channels, and the effects of rapid urbanization.

The 4k tv market size is expected to see exponential growth in the next few years. It will grow to $685.86 billion in 2028 at a compound annual growth rate (CAGR) of 24.5%. The projected growth in the forecast period can be attributed to factors like the expansion of emerging markets, the increase in disposable income, the emergence of new streaming services, the continuation of work-from-home trends, and the growing popularity of Ultra High Definition (UHD) set-top boxes. Noteworthy trends expected in this forecast period encompass the adoption of OLED and QLED technology, the integration of High Dynamic Range (HDR) technology, the inclusion of smart features, the application of artificial intelligence (AI) and machine learning, and a focus on energy efficiency.

The expanding consumer interest in UHD technology devices is set to drive the growth of the 4K TV market in the foreseeable future. UHD technology, characterized by a display resolution standard of at least 3840 by 2160 pixels (8.3 megapixels, 4K), delivers exceptionally sharp and detailed images without compromising quality. Manufacturers capitalize on this technology to produce larger TVs, providing consumers with vivid and finely-detailed picture quality. For instance, as reported by Broadband TV News in April 2021, UHD TV sales constituted 75% of the German TV set market, with approximately 1.45 million TV sets sold in Q1 of 2021, where 1.1 million were UHD TVs, accounting for 75% of the market share. This escalating demand for UHD technology devices significantly propels the expansion of the 4K TV market.

The increasing prominence of e-commerce platforms is also poised to steer the growth of the 4K TV market. E-commerce, known for online buying and selling, offers detailed product information for 4K TVs along with associated discounts. For instance, statistics from the United States Census Bureau in August 2023 revealed a notable increase in e-commerce in the second quarter of 2023, climbing by 7.5% compared to the same period in 2022, while overall retail sales saw a 0.6% rise. Online stores accounted for 15.4% of all sales in the second quarter of 2023, signifying the pivotal role played by e-commerce in driving the 4K TV market.

Technological advancements emerge as a crucial trend shaping the 4K TV market landscape. Major companies within this domain are dedicated to developing innovative technological solutions to reinforce their market standing. For instance, in June 2021, TCL, a China-based consumer electronics manufacturer specializing in televisions offering 4K TV, unveiled its latest technological innovation - mini LED technology integrated into its mini LED QLED 4K Android 11 TV C825. The mini LED technology incorporates smaller LEDs compared to conventional ones, allowing manufacturers to pack more LEDs owing to their reduced size, leading to enhanced display capabilities.

Leading companies in the 4K TV market are committed to product innovation, exemplified by offerings like the Crystal Vision 4K UHD TV, aiming to provide customers with reliable and advanced services. The Crystal Vision 4K UHD TV is a versatile 4K television model available in screen sizes of 43 inches, 55 inches, and 65 inches. For instance, in August 2023, Samsung Electronics Co., Ltd., a renowned South Korea-based consumer electronics corporation, introduced the Crystal Vision 4K UHD TV. This TV model boasts numerous advanced features including video calling support, compatibility with multiple voice assistants, an integrated Internet of Things (IoT) hub, a solar-powered remote, and various other functionalities. It is specifically designed to offer quicker frame transitions and minimal latency, ensuring an enhanced gaming experience.

In a strategic move, in January 2022, Pantone LLC, a US-based company, entered into a partnership with Samsung Electronics Co. Ltd. This collaboration is aimed at delivering a true-to-life visual color experience to users, ensuring that displays accurately reproduce Pantone color matching system (PMS) and SkinTone colors. Samsung Electronics Co. Ltd., a South Korea-based leader in appliances and consumer electronics, remains dedicated to providing high-quality 4K TVs, and this partnership with Pantone LLC signifies a concerted effort to deliver an exceptional and authentic visual experience to customers.

Major companies operating in the 4k tv market include Samsung SDI Co. Ltd., Haier Group Corporation, Panasonic Holdings Corporation, Koninklijke Philips N.V, Sharp Corporation, LG Corporation, Sony Group Corporation, Vu Television Corporation, Skyworth Group Co. Ltd., Sichuan Changhong Electric Co. Ltd., TCL Technology, Hitachi Ltd., Apple Inc., Toshiba Corporation, Vizio Inc., Seiki Corporation, Hisense Electrical Co. Ltd., Konka Group Co. Ltd., ASUSTEK Computer Inc., JVC Kenwood Holdings Inc., INNOLUX Corporation, Funai Electric Co. Ltd., Grundig GmbH, Vestel Elektronik Sanayi Ve Ticaret AS, Loewe, Bang & Olufsen AS, Bowers & Wilkins, Dynaudio AS, Elac America Inc., Focal-JMLab Co.

North America will be the largest region in the 4K TV market in 2023. The regions covered in this 4K TV market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the 4K TV market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The 4K TVs market consists of sales of LCD, LED, OLED, QLED, mini-LED, and microLED screens with different sizes 65inches, 50-52inches,46inches, 40-42 inches, and 32inches .Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.