pune, India — 05/18/2018 — Market Scenario:
Modern televising technology is shifting towards ultra-high resolution, changing the viewing experience. Continuous overhauls in audio visual broadcasting technology has also influenced the display or television technologies. 4K is one of the most recent television technology that has taken audio visual entertainment to the next level. Technologies as such has enhanced the overall television viewing experience. 4K viewing is best experienced in large screen displays. As 4K televisions have a superior display quality with greater clarity, smoothened images, and finer details, their popularity among consumers is growing at rapid pace. 4K displays are not only used for entertainment purposes but are also turning out to be useful in medical and aerospace applications. The latest study conducted by Market Research Future (MRFR) reveals that the global market for 4K TV will surge at a double-digit CAGR of 24% during the projection period (2017-2023) and stand at around USD 50 Bn.
4K technology is a combination of dynamic range, ultra-definition, wide colour gamut and high frame rate. 4K can be considered as a revolutionary display technology. Incessant advances in display technology, increased demand for high image quality and resolution is influencing the 4K TV Market. Filmmakers are broadcasters are quickly shifting to 4K technology to deliver a better viewing experience. Arrival of easy-to-use 4K camcorders and handicams are allowing broadcasters to recode 4K quality images without any complications. Nonetheless, 4K being a leading-edge technology carries a premium price, which restricts it to a smaller customer base.
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The key players in the global 4K Television Market include- Sony Corporation (Japan), Videocon Industries Limited (India), TTE Technology, Inc (China), LG Display (South Korea), Samsung Electronics Co. Ltd (South Korea), Haier Inc. (China), Sharp Corporation(Japan), Panasonic Corporation (Japan), Skyworth Electronics Pvt Ltd (China), Toshiba Corporation (Japan), among others.
For the purpose of this study, Market Research Future has segmented the market of 4K television into type, end-users and region.
– 55 Inch
– 55 Inch
– 65 Inch
Regionally, Asia-Pacific accounted for the largest market share, owing to increased adoption of new technological solutions, increasing competition among 4K television vendors, increasing demand for consumer electronics and increasing disposable income.
However, North-America region is expected to grow over the forecast period, 2017-2023. The reason is attributed to technological developments, biggest importer for 4K televisions and sharper picture quality.
Latest Industry Trends and News:
Panasonic Media Entertainment Company, a business unit of Panasonic Corporation of North America, which specialises in creating and delivering audio visual solution and immersive entertainment experiences has unveiled a wide array of visual systems, which also features LinkRay a unique visible light communication system. The company showcased these technologies during the 2018 Digital Signage Expo in Las Vegas.
Xiaomi has recently unveiled the 55-inch Mi TV 4S in China with voice control and 4K HDR. Reportedly, the TV will enter the market by first week of April. The price set for the TV is at around CNY 2,999 (roughly Rs 31,000). In addition, the company's 55-inch Mi TV 4 with 4K HDR recently made its India debut.
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– Research firms
– Consultancy firms
– Software Developers
– Semiconductor Manufacturers
– End-user sectors
– Technology Investors
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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