Global 4K TV market data 2024, Forecast To 2033
23 Jan, 2024
The 4K TV market has experienced exponential growth, escalating from $229.73 billion in 2023 to $285.28 billion in 2024, reflecting a compound annual growth rate (CAGR) of 24.2%. Historical growth is attributed to the availability of 4K content, consumer demand for high-quality displays, the rise in the gaming industry, efficient distribution channels, and rapid urbanization. Looking forward to 2028, the market is expected to witness continued exponential growth, reaching $685.86 billion at a CAGR of 24.5%. Anticipated drivers include emerging markets, rising disposable income, the emergence of new streaming services, work-from-home trends, and the growing popularity of UHD set-top boxes. Major trends encompass OLED and QLED technology, the adoption of HDR technology, smart features, AI and machine learning, and energy efficiency.
Global 4K TV Market Key Driver
The 4K TV market witnessed growth fueled by rising consumer demand for UHD technology devices. UHD technology, with a resolution of 3840 by 2160 pixels, gained popularity, constituting 75% of the German TV set market in Q1 of 2021. The increasing consumer preference for UHD technology devices drove the growth of the 4K TV market, with market size values for 2023, 2024, and 2028 reflecting this upward trend.
Get A Free Sample Of The Global 4K TV Market ReportGlobal 4K TV Market Segments
The global 4k tv market covered in this report is segmented –
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
By Geography: The regions covered in the 4K TV market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America will be the largest region in the 4K TV market in 2023. The regions covered in the 4k tv market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major 4K TV Industry Players
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.
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4K TV Market Overview
4K TVs refer to a TV set that has a 4K resolution, that is, it has 3,840 horizontal pixels and 2,160 vertical pixels. With the help of this 4K TV set, we get a more vivid and detailed picture quality. It is used to provide a pristine picture that fills more of the field of view, better recreating the immersive experience of watching a film at the cinema.
4K TV Global Market Report 2023 provides data on the global 4k tv market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The 4k tv market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.