4K TV Market Size By Type (Below 52 Inches Type, 52-65 Inches Type, Above 65 Inches Type), Application (Household Use, Commercial Use), Region for 2024-2031
Report ID: 30134|No. of Pages: 202
4K TV Market Size By Type (Below 52 Inches Type, 52-65 Inches Type, Above 65 Inches Type), Application (Household Use, Commercial Use), Region for 2024-2031
4K TV Market Valuation – 2024-2031
The widespread adoption of 4K TVs has become a significant trend in the consumer electronics market. These televisions have become the standard in most households and entertainment centers today. Thus, the prevailing adoption of 4K technology surged the growth of the market size, surpassing USD 245.93 Billion in 2023 to reach a valuation of USD 940.09 Billion by 2031.
These televisions also offer smart features, enabling seamless integration with streaming services and smart home devices, making them particularly appealing to tech-savvy consumers. Thus, the integration of smart features in 4K TVs enables the market to grow at a CAGR of 20.13% from 2024 to 2031.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=30134
4K TV Market: Definition/ Overview
4K TV refers to televisions that offer ultra-high-definition (UHD) resolution, typically with a pixel count of 3840 x 2160. This provides a clearer, more detailed, and immersive viewing experience compared to standard high-definition (HD) TVs. 4K TVs are used in various applications, from home entertainment and gaming to commercial purposes such as digital signage and broadcast services.
4K TVs are popular for their superior image quality, which is crucial in today’s media-rich world where streaming services, gaming platforms, and digital content demand high-definition displays. Their smart features, such as connectivity to the internet and integration with streaming platforms, enhance user convenience. With the increasing availability of 4K content from providers like Netflix, YouTube, and gaming consoles, consumer demand for these TVs has grown.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=30134
How has the Increasing Availability of 4K Content from Streaming Platforms Influenced the Growth of the 4K TV Market?
According to a report by the Consumer Technology Association (CTA), 4K Ultra HD TV shipments in the United States were projected to reach 25 million units in 2020, representing a 12% increase from the previous year. The increasing availability of 4K content from streaming platforms has significantly influenced the growth of the 4K TV Market. Services like Netflix, Amazon Prime, YouTube, and Disney+ have steadily expanded their libraries of 4K Ultra HD content, offering movies, TV shows, and documentaries in higher resolution. As consumers demand better visual quality for a more immersive experience, 4K TVs have become a preferred choice, enabling viewers to fully enjoy this high-definition content.
The rise of streaming platforms has made it easier and more affordable for users to access 4K content compared to traditional methods like Blu-ray discs. This shift has accelerated the adoption of 4K TVs, as people seek to optimize their home entertainment experience with sharper images and enhanced picture quality. The gaming consoles like the PlayStation 5 and Xbox Series X have incorporated 4K capabilities, further driving demand for 4K TVs among gaming enthusiasts.
What Impact Does the Limited Availability of 4K Content have on the Widespread Adoption of 4K TVs?
The limited availability of 4K content significantly impacts the widespread adoption of 4K TVs, as the full potential of these high-resolution displays can only be realized with corresponding 4K content. While streaming platforms like Netflix, Amazon Prime, and YouTube offer some 4K content, it remains relatively small compared to the vast libraries of HD content. This limited availability reduces the incentive for many consumers to invest in a 4K TV, as they may not have enough content to fully utilize the higher resolution.
Traditional cable and satellite broadcasters have been slow to adopt 4K broadcasting due to infrastructure challenges and high costs associated with upgrading to 4K technology. Many TV channels and live broadcasts still operate in HD or even SD (standard definition), further limiting the need for consumers to upgrade to 4K TVs.
For consumers without access to consistent 4K content, purchasing a 4K TV may not seem worthwhile, especially when the visual difference between HD and 4K is not as noticeable without 4K content. This challenge is particularly pronounced in regions with slow internet speeds, where streaming 4K content is impractical due to high bandwidth requirements. Until 4K content becomes more widely available and accessible, this remains a key barrier to 4K TV adoption.
Category-Wise Acumens
How is the Growing Demand For 52-65-inch 4K TVs Influencing Consumer Preferences in the Television Market?
The 52-65-inch 4K TVs segment stands out as the dominant segment in the 4K television market, reflecting a balance between size, affordability, and performance that appeals to a broad range of consumers. These TVs are particularly popular for home entertainment systems, as they offer a cinematic viewing experience without overwhelming smaller living spaces. The growing demand for 52-65-inch TVs is driven by advancements in display technology, such as OLED, QLED, and HDR, which enhance picture quality while maintaining manageable price points.
Consumers in this segment are seeking TVs that deliver immersive viewing experiences for streaming, gaming, and sports, making this size range ideal for modern living rooms. The rise in smart TV features, such as voice control and app integration, further boosts the attractiveness of this segment. As more households upgrade to larger, high-resolution TVs, the 52-65-inch segment continues to grow, offering an optimal balance between screen size and room compatibility. This trend reflects changing consumer preferences toward larger displays that still fit comfortably within most home environments.
How is the Increasing Demand for 4K TVs for Commercial Use Impacting the Growth of the 4K TV Market?
The commercial use segment of 4K TVs stands out as a significant driver in the overall growth of the 4K TV Market, reflecting the increasing demand for high-quality displays in professional settings. Businesses, including hotels, restaurants, retail stores, and corporate offices, are increasingly adopting 4K TVs for various applications, such as digital signage, presentations, and immersive customer experiences.
The superior resolution and image quality of 4K TVs enhance visual communication, allowing businesses to display advertisements, menus, and promotional content with exceptional clarity and detail. This has made 4K TVs an attractive investment for companies looking to engage customers and enhance their brand presence. The growing trend of remote work and virtual meetings has led organizations to seek high-quality displays for conference rooms and collaborative workspaces, further driving the demand for 4K TVs in commercial environments.
As the technology continues to advance, the price of 4K TVs has become more competitive, making them accessible to a wider range of businesses. This trend is expected to propel the growth of the 4K TV Market, as commercial entities increasingly recognize the value of investing in high-resolution displays to improve their operational efficiency and customer engagement.
Gain Access to 4K TV Market Report Methodology
https://www.verifiedmarketresearch.com/select-licence/?rid=30134
Country/Region-wise Acumens
What Factors are Driving the Growth of the 4K TV Market in North America?
North America significantly dominates the 4K TV and it is expected to maintain throughout the forecast period driven by the United States, the largest economy in North America, which generates the majority of the market’s revenue. The increasing consumer demand for high-quality visual experiences is at the forefront. As more households upgrade their home entertainment systems, 4K TVs have become the preferred choice due to their superior resolution and enhanced picture quality, especially for streaming, gaming, and sports viewing.
The rise of streaming services offering a wealth of 4K content, such as Netflix, Amazon Prime, and Disney+, has significantly contributed to market growth. This availability encourages consumers to invest in 4K TVs to fully enjoy the rich content. The technological advancements in display technology, including OLED and QLED, have improved the visual performance of 4K TVs, making them more appealing to tech-savvy consumers. The declining prices of 4K TVs, driven by increased competition among manufacturers, further enhance their accessibility.
The trend towards smart TVs, which offer seamless integration with other smart home devices and apps, has made 4K TVs more attractive for North American consumers. These factors collectively contribute to the robust growth of the 4K TV Market in North America.
How is the Increasing Urbanization in the Asia Pacific Region Influencing the Demand for 4K TVs?
The Asia-Pacific region is anticipated to experience the fastest growth in the 4K TV Market during the forecast period driven by the increasing urbanization in the Asia-Pacific region significantly influences the demand for 4K TVs, driving market growth as more people move to urban areas and seek modern entertainment solutions. According to a report by the Asian Development Bank, the middle class in Asia Pacific was expected to grow from 1.38 billion people in 2015 to 3.49 billion by 2030, representing 65% of the global middle-class population. Urbanization often correlates with rising disposable incomes, leading consumers to invest in high-quality home entertainment systems. As urban dwellers prioritize their living environments, many are upgrading to 4K TVs to enhance their viewing experiences.
The proliferation of smart homes in urban areas fosters an environment where 4K TVs are highly sought after. Consumers are increasingly looking for televisions that integrate seamlessly with smart home technologies and offer access to a wide range of streaming services providing 4K content. The rapid expansion of the middle class in countries like China, India, and Southeast Asia also contributes to the growing demand for 4K TVs. As consumers become more tech-savvy, they are more likely to choose advanced features, such as enhanced display technologies and connectivity options.
The popularity of gaming and high-definition streaming in urban centers further boosts the demand for 4K TVs, as consumers seek superior visuals for an immersive experience. This combination of factors positions the Asia Pacific region as a crucial market for 4K TV growth.
Competitive Landscape
The competitive landscape of the 4K TV Market is dynamic and constantly evolving. New players are entering the market, and existing players are investing in research and development to maintain their competitive edge. The market is characterized by intense competition, rapid technological advancements, and a growing demand for innovative and efficient solutions.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the 4K TV Market include Samsung, Sony Corp, LG Electronics, Sharp Corp, Hisense, Xiaomi, TCL, Philips, Changhong, Panasonic, Skyworth, Asus, Haier, Vu Technologies.
4K TV Latest Developments:
- In June 2024, Samsung announced the launch of its 2024 QLED 4K TV series featuring quantum dot technology and 4K upscaling in India. The technology was expected to enhance the viewing experience for Indian consumers with high color accuracy and display contrast ratio, specifically catering to the premium gaming and 4K content-watching audiences.
- In May 2024, Sony India announced the launch of its BRAVIA 2 series of 4K Ultra HD TVs, integrated with Google TV. The TV was equipped with a new X1 processor, which was anticipated to enhance the viewing experience by offering a high contrast ratio and superior picture quality for Indian consumers. The TV was also compatible with the PS5, addressing the requirements of gamers in the country.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2031 |
| Growth Rate | CAGR of ~20.13% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2018-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis. |
| Segments Covered |
|
| Regions Covered |
|
| Key Players | Samsung, Sony Corp, LG Electronics, Sharp Corp, Hisense, Xiaomi, TCL, Philips, Changhong, Panasonic, Skyworth, Asus, Haier, Vu Technologies. |
| Customization | Report customization along with purchase available upon request. |
4K TV Market, By Category
Type:
- Below 52 Inches Type
- 52-65 Inches Type
- Above 65 Inches Type
Application:
- Household Use
- Commercial Use
Geography:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL 4K TV MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL 4K TV MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL 4K TV MARKET, BY TYPE
5.1 Overview
5.2 Below 52 Inches Type
5.3 52-65 Inches Type
5.4 Above 65 Inches Type
6 GLOBAL 4K TV MARKET, BY APPLICATION
6.1 Overview
6.2 Commercial Use
6.3 Household Use
7 GLOBAL 4K TV MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL 4K TV MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Samsung
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 LG
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Sony Corp
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Sharp Corp
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Hisense
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 TCL
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Philips
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Xiaomi
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Panasonic
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Asus
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10. Appendix
10.1. Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
