Video Equipment Market - High Demand For Ultra HD Televisions In The $120.47 Billion
PRNewswire is a press release distribution service. On Mar 23, 2020 released an article on the global video equipment market, sourced from TBRC`S Global Video Equipment Market report. The demand for Ultra HD televisions is increasing rapidly, as they are energy efficient and offer high quality images. Ultra HD televisions include 4K and 8K UHDs that have an aspect ratio of 16:9 or wider, and also present a minimum resolution of 3840x2160 pixels. The transition from traditional CRT and LCD TVs to ultra HD TVs has been fast, owing to brisk pace in technological advances. For instance, ultra HD (4K resolution) TV shipments grew from 1.5 million units in 2013 to 68.2 million units in 2017 at an annual growth rate of 160%, thus indicating high demand for ultra HD 4k and 8k televisions.