The global UHD TV market to grow at a CAGR of 28.23% during the period 2018-2022.
Global UHD TV Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in the market is reduction in ASP of UHD TVs. It has been observed that by 2017, the ASP of UHD TVs in China has reduced by about 85%. Similarly, the North American TV market also witnessed a 90% reduction in UHD TV price since its induction in 2012.
One trend in the market is rising popularity of curved UHD TV. With TV manufacturers such as Samsung and Mitashi introducing curved TVs, the coming years will witness a growing preference for curved UHD TVs, which according to our UHD TV market forecast, will be one of the major UHD TV market trends gaining traction during the forecast period.
Further, the report states that one challenge in the market is lack of UHD content. One of the key factors that would hinder the adoption of UHD TVs is the lack of content. In march 2018, Sony unveiled the new 4K OLED AF8 TV that is expected to hit stories by the end of 2018.