4K TV Market size to grow by USD 183.45 billion from 2022 to 2027, The rising popularity of large-display televisions to drive market growth - Technavio

NEW YORK, May 1, 2023 /PRNewswire/ -- The 4K TV market size to grow by USD 183.45 billion from 2022 to 2027. The market is estimated to progress at a CAGR of 19.19% during the forecast period, according to the latest research report from Technavio. Discover Consumer Electronics industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The 4K TV market covers the following areas:

4K TV Market Sizing
4K TV Market Forecast
4K TV Market Analysis

4K TV Market - Vendor Landscape

The global 4K TV market has the presence of established players all of which account for a major share of the global market. The market is expected to grow rapidly during the forecast period. The 4K TV market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Companies Mentioned

• Apple Inc.
• Elitelux Australia
• Haier Smart Home Co. Ltd.
• Hisense International Co. Ltd.
• Koninklijke Philips NV
• LG Electronics Inc.
• MIRC Electronics Ltd.
• Panasonic Holdings Corp.
• Roku Inc.
• Samsung Electronics Co. Ltd.
• Sharp Corp.
• Sichuan Changhong Electric
• Skyworth Group Ltd.
• Sony Group Corp.
• TCL Electronics Holdings Ltd.
• Toshiba Corp.
• VIZIO Holding Corp.
• Vu Television
• Westinghouse Electric Corp.
• Xiaomi Communications Co. Ltd.

Vendor Offerings

• Apple Inc. - The company offers Apple 4K TV which is designed with 64GB of storage and has thread networking support.
• Haier Smart Home Co. Ltd. - The company offers 65-inch smart google TV with far field and local dimming which is designed to quickly cast photos, videos, music and other content from mobile device.
• Hisense International Co. Ltd. - The company offers 4K TV which is designed to display images with more accurate depth with exceptional contrast between light and dark than a Full HD TV.

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4K TV Market - Key Market Segmentation

This 4K TV market report extensively covers market segmentation by type (52-65 inches type, below 52 inches type, and above 65 inches type), application (residential, commercial, and industrial), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The market share growth by the 52-65 inches type segment will be significant for overall market growth during the forecast period. The adoption of this size 4K TVs will be influenced by the rise in disposable income in developing nations during the forecast period. As a result of the rise in disposable income, which has also increased demand for consumer electronics like 4K TVs, consumers are also spending more and more on them. Hence, such factors influence the segment growth during the forecast period.

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Regional Market Outlook

APAC is estimated to account for 40% of the global market growth during the forecast period. The regional market growth is majorly contributed by countries such as India, China, Japan, and South Korea. The growth is anticipated to increase due to the presence of strong vendors, rising 4K TV demand in these nations, and expanding use of smart classrooms. Moreover, the regional market will grow primarily as a result of the shift toward the construction of smart classrooms. Hence, due to such factors, the regional market will grow primarily as a result of the shift toward the construction of smart classrooms.

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4K TV Market - Market Dynamics

Key Drivers

• The rising popularity of large-display televisions drives the market growth during the forecast period.
• For instance, in 2018, a 40-inch television was the standard size across the globe. However, the majority of retailers now provide televisions with screens larger than 80 inches. 
• Customers are expected to have a better experience with a UHD television than they would with a screen smaller than 36 inches due to the higher resolution it offers.
• Additionally, flexible video deployments that offer numerous advantages are valuable to businesses across a range of industries.
• Hence, such factors drive the market growth for 4K TVs in the forecast period.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession  
• Global competitiveness and key competitor positions  
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report! 

Major trends

• The demand for smart TVs is one of the major trends in the 4K TVs market during the forecast period.
• Smart TVs are referred to as hybrid TVs or connected TVs that have interactive Web 2.0 features built right into them. 
• Moreover, 4K resolution is a feature of the most recent smart TVs and during the forecast period, the rising demand for such smart TVs will favorably affect the expansion of the global market.
• Smart TVs are now widely available on par with regular TVs, helping them become commonplace items in major cities, small towns, and tier-II cities. 
• Hence, such trends fuel the market growth during the forecast period.

Key Challenges

• The lack of 4K content is a major challenge hampering the market growth for 4K TVs during the forecast period.
• The advanced 4K HDR OLED technology and X1 Extreme processor used in the AF8 series are designed to give users the best experience possible and studios must use 4K-capable equipment, which is still being developed, in order to film content that can be viewed in 4K.
• However, the lack of content may make purchasing a 4K TV a disadvantage. Even though vendors are working to integrate 4K into their individual platforms, the high cost of these 4K videos prevents many users from viewing them.
• Hence, such factors challenge the growth of the 4K TVs market during the forecast period.

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Related Reports:
The UHD TV market size is expected to increase by USD 313.44 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 22.35%. Furthermore, this report extensively covers UHD TV market segmentations by display type (LED, QLED, and OLED), screen size (50-59 inches screen size, 60-69 inches screen size, 40-49 inches screen size, and 70 inches and above screen size), type (4K and 8K), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The advent of 8K UHD TVs is one of the key ultra HD television (UHD TV) market trends contributing to the market growth.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global 4K TV market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global 4K TV market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 52-65 inches type - Market size and forecast 2022-2027 
• Exhibit 34: Chart on 52-65 inches type - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on 52-65 inches type - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on 52-65 inches type - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on 52-65 inches type - Year-over-year growth 2022-2027 (%)

• 6.4 Below 52 inches type - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Below 52 inches type - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Below 52 inches type - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Below 52 inches type - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Below 52 inches type - Year-over-year growth 2022-2027 (%)

• 6.5 Above 65 inches type - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Above 65 inches type - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Above 65 inches type - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Above 65 inches type - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Above 65 inches type - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ billion)
• Exhibit 47: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 48: Chart on Application - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Residential - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.5 Industrial - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Industrial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Industrial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 64: Market opportunity by Application ($ billion)
• Exhibit 65: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027 
• Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ billion)
• Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Apple Inc.
• Exhibit 119: Apple Inc. - Overview
• Exhibit 120: Apple Inc. - Business segments
• Exhibit 121: Apple Inc. - Key news
• Exhibit 122: Apple Inc. - Key offerings
• Exhibit 123: Apple Inc. - Segment focus

• 12.4 Haier Smart Home Co. Ltd. 
• Exhibit 124: Haier Smart Home Co. Ltd. - Overview
• Exhibit 125: Haier Smart Home Co. Ltd. - Business segments
• Exhibit 126: Haier Smart Home Co. Ltd. - Key offerings
• Exhibit 127: Haier Smart Home Co. Ltd. - Segment focus

• 12.5 Hisense International Co. Ltd. 
• Exhibit 128: Hisense International Co. Ltd. - Overview
• Exhibit 129: Hisense International Co. Ltd. - Business segments
• Exhibit 130: Hisense International Co. Ltd. - Key offerings
• Exhibit 131: Hisense International Co. Ltd. - Segment focus

• 12.6 Koninklijke Philips NV 
• Exhibit 132: Koninklijke Philips NV - Overview
• Exhibit 133: Koninklijke Philips NV - Business segments
• Exhibit 134: Koninklijke Philips NV - Key news
• Exhibit 135: Koninklijke Philips NV - Key offerings
• Exhibit 136: Koninklijke Philips NV - Segment focus

• 12.7 LG Electronics Inc.
• Exhibit 137: LG Electronics Inc. - Overview
• Exhibit 138: LG Electronics Inc. - Product / Service
• Exhibit 139: LG Electronics Inc. - Key offerings

• 12.8 MIRC Electronics Ltd. 
• Exhibit 140: MIRC Electronics Ltd. - Overview
• Exhibit 141: MIRC Electronics Ltd. - Product / Service
• Exhibit 142: MIRC Electronics Ltd. - Key offerings

• 12.9 Panasonic Holdings Corp. 
• Exhibit 143: Panasonic Holdings Corp. - Overview
• Exhibit 144: Panasonic Holdings Corp. - Business segments
• Exhibit 145: Panasonic Holdings Corp. - Key news
• Exhibit 146: Panasonic Holdings Corp. - Key offerings
• Exhibit 147: Panasonic Holdings Corp. - Segment focus

• 12.10 Roku Inc.
• Exhibit 148: Roku Inc. - Overview
• Exhibit 149: Roku Inc. - Business segments
• Exhibit 150: Roku Inc. - Key offerings
• Exhibit 151: Roku Inc. - Segment focus

• 12.11 Samsung Electronics Co. Ltd. 
• Exhibit 152: Samsung Electronics Co. Ltd. - Overview
• Exhibit 153: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 154: Samsung Electronics Co. Ltd. - Key news
• Exhibit 155: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 156: Samsung Electronics Co. Ltd. - Segment focus

• 12.12 Sharp Corp.
• Exhibit 157: Sharp Corp. - Overview
• Exhibit 158: Sharp Corp. - Business segments
• Exhibit 159: Sharp Corp. - Key news
• Exhibit 160: Sharp Corp. - Key offerings
• Exhibit 161: Sharp Corp. - Segment focus

• 12.13 Skyworth Group Ltd.
• Exhibit 162: Skyworth Group Ltd. - Overview
• Exhibit 163: Skyworth Group Ltd. - Product / Service
• Exhibit 164: Skyworth Group Ltd. - Key offerings

• 12.14 Sony Group Corp.
• Exhibit 165: Sony Group Corp. - Overview
• Exhibit 166: Sony Group Corp. - Business segments
• Exhibit 167: Sony Group Corp. - Key news
• Exhibit 168: Sony Group Corp. - Key offerings
• Exhibit 169: Sony Group Corp. - Segment focus

• 12.15 TCL Electronics Holdings Ltd. 
• Exhibit 170: TCL Electronics Holdings Ltd. - Overview
• Exhibit 171: TCL Electronics Holdings Ltd. - Business segments
• Exhibit 172: TCL Electronics Holdings Ltd. - Key news
• Exhibit 173: TCL Electronics Holdings Ltd. - Key offerings
• Exhibit 174: TCL Electronics Holdings Ltd. - Segment focus

• 12.16 Toshiba Corp.
• Exhibit 175: Toshiba Corp. - Overview
• Exhibit 176: Toshiba Corp. - Business segments
• Exhibit 177: Toshiba Corp. - Key offerings
• Exhibit 178: Toshiba Corp. - Segment focus

• 12.17 VIZIO Holding Corp.
• Exhibit 179: VIZIO Holding Corp. - Overview
• Exhibit 180: VIZIO Holding Corp. - Business segments
• Exhibit 181: VIZIO Holding Corp. - Key offerings
• Exhibit 182: VIZIO Holding Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 185: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations 
• Exhibit 189: List of abbreviations

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