The global 4K TV market is predicted to reach USD XXXX Billion by 2020, at a CAGR of XX% during the forecast year. 4K technology stands for, 4096 x 2160 pixel resolution that means around 4,000 pixels on screen. The high resolution gives sharper picture quality and vibrant display color.
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The growth of 4K TV market size, is due to the rising consumer demand for UHD technology device instead of HD devices. Constant development in customer electronic industry, innovations in graphics engines, competitive manufacturers providing cheaper options, growing demand for ultra-high definition technology devices are some of the factors helping the growth of global 4k TV market. New technology for graphic processors have led to latest technical image format that have enhanced the quality of content considerably, leading to growth in demand. Users having experienced and worked with high quality images, are influencing the growth of 4k TV market size. Furthermore, digital media is opting for high quality data which is visually appealing to viewers.
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The 4K Technology Market has many segments like Television, Camera, Consumer Electronics, Media and Entertainment and so on. Television sector had the largest share in 4K Technology Market in 2016. The 4k TV market share in 2018 was dominated by 52-56 inches owing to the variety of products offered. Furthermore, new technologies like Quantum for LEDs (QLEDs) and Super UHD (SUHD) and reduced market price of 4K TV’s, along with the increased spending capacity of users have increased growth prospects for global 4k TV market. During the forecast period 62 inches screen size is predicted to observe the highest demand and growth. The availability of high-speed internet, especially in developed parts is also helping the industry to grow.
4k TV market size is segmented on the basis of Screen Size, Products, End-user, Technology used and Region. On the basis of screen size it is segmented as less than 55 inches, 55 inches, 65 inches and others. Segmentation on the basis of products is TV, digital signage, monitor, set-top box, smartphone, laptop, tablet, projector, blu-ray player and camera. Based on end-user segmentation is done as Household and Public.
Product based on 4k technology are set-top box, projector, and camera and blu-ray player. Segmentation based on region is Asia-Pacific, Europe, North America, South America, Middle East and Africa. China manufacturers maximum of LCD panels and has contributed 70% of total market share in the year 2016. The growing spending power in North America owing to its development has led to growth in market size.
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4K Technology Market is led by Asia Pacific region which contributes to 40% of the total market revenue. Asia Pacific is leading contributor in the 4k TV market size. Some key players in technology market are Blackmagic Design Pty Ltd., Canon Inc., Innolux Corp., Panasonic Corp., LG Electronics Corp., (Japan), and Sharp Corp. (Japan) and many others. Among these key players Samsung is a leading and trusted brand in the global 4k TV market, followed by brands like Sony and LG.
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