PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401345
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401345
Global 4K TV Market is valued at approximately USD 142.5 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.20% over the forecast period 2023-2030. The 4K TV Market is a television providing high quality and large screen display with additional smart features so that viewers can enjoy watching movies and other content. The 4K TV Market is expanding because of factors such as rise in popularity of high-quality television and increase in adoption of video walls. However, lack of availability of 4K content and high prices of large display television might hinder the market growth.
The increase in population demanding smart and high quality television results in growth of 4K TV market. As according to Statista 2023, the revenues estimated for television sector is USD 96.16 billion in 2028. Additionally, Television shipment globally would be USD 199 million. This revenue and shipment of television sector shows that there is high production and sales of television leading to the high sales of 4K television. Furthermore, increase in preference and acceptance of video walls due to it high quality and large screen also helps the 4K TV Market to grow. The increase in population demanding smart and high-quality television results in growth of 4K TV market. According to Statista 2023, The electronics market globally is expected to grow by 2.32% globally. Increase in electronics market leads to technological advancement in electronics market. This technological advancement results in advancement and innovations in 4K TV Market which further act as an opportunity for the growth of the market. The Ecommerce electronics market is also growing with shift in people buying electronic products online. As, according to Statista 2022, USD 860 billion dollar was the forecasted estimate of ecommerce electronics market, this increase in ecommerce electronics market is again an opportunity for 4K TV Market.
The key regions considered for the Global 4K TV Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 due to the increase in sales of 4K TVs with comparatively low prices in this region. According, to Statista 2023, In 2020, the revenue created in the Asian-Pacific television market amounted to USD 78.15 billion. North America is expected to grow significantly over the forecast period, owing to factors such as population adopting 4K TVs at an early stage. According to Statista 2022, In 2021, around 44% of U.S. television households have a 4K-capable TV set at home compared to 31% in 2019. Moreover. revenue in the Televisions market amounts to USD 22.1billion in 2023. This results in growth of 4K television market in this region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable