4K TV Market will grow with a CAGR of 16.20% by 2030 | Analysis by Type, Operating Platforms, and Region
Research Reports
Mar 21, 2023
According to MRFR analysis, the global 4K TV Market is expected to register a CAGR of ~ 16.20% from 2023 to 2030 and hold a value of over ~USD 556.99 billion by 2030.
The 4K TV industry is energetic the ultra-definition television is a perfect combination of 4K resolution, enormously high dynamic range, superior high frame rate, and incredibly wide color gamut (WCG). The latest 4K television is a revolutionary alteration in the modern television industry. The presence of competition between various 4K television global vendors has intensified the 4K TV industry over the past few years. The main factors which are highly contributing to the increase and growth of the 4K TV market are the latest technological changes, modern features such as better picture quality, better high resolution, increasing demand for consumer electronics, and enhancing demand for live shows. In addition to this, prime factors such as immense cost are curbing the overall growth of the 4K TV market. COVID-19 has inclined the 4K Technology Market: such as by straight influencing production and demand, by developing the latest supply chain and market disturbance, and by its effect on financial markets. To combat the undesirable effects, countries lead lockdowns that have unfavorably affected the 4K television market size. The global epidemic leads to several challenges to the Smart TV market share sector; it is exaggerated all over the world. Major strategic developments are taking place. MNCs are investing more because of the growing demand from consumers across the globe. 4K TV Market Share is huge in the consumer market.
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Key Players
Some of the key market players are
- Panasonic LTD, Philips
- Samsung
- Apple limited
- Boxee
- Haier LTD
- LG
- Sharp LTD
- Sony Corporation LTD
- TCL
- Toshiba Ltd.
- Videocon
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Regional Analysis
Asia-Pacific (APAC) dominates the 4K TV industry owing to the mass availability of 4K TVs and low price contributions within the region. North America is anticipated to witness the highest growth during the forecast period of 2022 to 2030 because of the increase in the trend of 4K TV in the region.
4K TV Market Segmentation
The global 4K TV Market has been segmented into type and end-user.
Based on the Type, The global 4K TV Market has been segmented into