4K UHD TV Market Size, Share, Growth, And Industry Analysis, By Type (55 Inch, 65 Inch, and Others), By Application (Commercial and Household), Regional Forecast To 2031

Updated On: 29 April 2024

4K UHD TV Market Report Overview

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The global 4k UHD tv market size was USD 47.52 billion in 2021 and the market is expected to reach USD 434.72 billion in 2031, exhibiting a Compound annual growth rate (CAGR) of 21.52% during the forecast period. The sudden rise in CAGR was brought on by the market's expansion and the demand levelling down after the pandemic is over.

The name "UHD" serves as an umbrella for technologies with greater resolutions (more pixels) than HDTV, more natural-looking color, and faster frame rates. The 4K resolution is essentially the only one of those advancements that is currently and this year available in new TVs and content, therefore that is what we will discuss today. According to the new TVs displayed at CES 2014, manufacturers are scrambling to release a new range of 4K compatible items. Not all display technologies support UHD. Instead, it refers to a display resolution called Ultra High Definition. It is an improvement over Full HD, which is 1,920 x 1,080 or 1080p. 3,840 by 2,160 is the resolution of Ultra High Definition (UHD), which is also known as 4K.

These days, the entertainment industry is seeing rapid growth. This is the main driver of the growth of the global ultra-high-definition panel market as these advances are delivering new displays with high quality and high-definition panels. Further, manufacturers are developing creative display units in an effort to provide clients with a better experience. These developments are essential to the projected pace of expansion of the global ultra-high-definition panel market.

COVID-19 Impact: Pandemic Induced Lockdowns to Hamper Market Growth

The activities of numerous industries have either been temporarily discontinued or are being conducted with less staff due to the mandatory lockdowns and other restrictions imposed by the relevant regulatory organizations in the wake of the recent COVID-19 outbreak. Due to this factor, the market is anticipated to have major slowdowns in revenue growth, similar to other markets. Another thing that could impede the global 4k UHD tv market's revenue growth during this projected period is the high installation and maintenance costs associated with these devices.

Latest Trends

"Excellent Graphics of the Machinery to Propel Market Growth"

Even when viewing movies on a big screen, the UHD TV's image resolution is razor-sharp. When viewing action flicks or blockbusters, there are no jerks, noises, or smearing in the transitions between scenes or in the movements on the screen. No pixelation effect even when close to the screen prevents eye strain, painful eyes, and provides greater eye protection than traditional TVs.

4K UHD TV Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into 55-inch, 65 inch and others.

In terms of product, 65 inch is the largest segment.

• By Application Analysis

Based on application, the market can be divided into commercial and household.

In terms of application, household is the largest segment.

Driving Factors

"Increased Demand for the Technology to Augment Market Growth"

The population's increasing disposable wealth has greatly increased the need for display units of higher caliber. During the forecast period, this demand will be the main driver of the worldwide ultra-high-definition panel market. Additionally, buyers are demanding display monitors and panels of higher quality. Due to this demand, manufacturers of ultra-high-resolution panels have been spurred to create cutting-edge display monitors for consumers. Due to this need, the 4k UHD tv market growth is anticipated to increase significantly.

"Growth in Entertainment sector to Enhance Market Sales"

The world is continually experiencing an influx of technology in many different fields. A significant push toward technology penetration is also occurring in the media and entertainment industry. The manufacturing of televisions and monitors has undergone a revolution as a result. Moreover, people can now acquire UHD panels thanks to the increased disposable income of several emerging nations. The adoption of UHD panels has increased dramatically in recent years due to the strengthening of the economy, which is fueling the expansion of the market for ultra-high-definition panels worldwide.

Restraining Factors

"High Installation cost to Impede Market Expansion"

Compared to HD TV, UHD TV is substantially more expensive. Additionally, it's critical to avoid purchasing old UHD TVs because they lack the newest capabilities and make it difficult to fully appreciate 4K technology. This device's purchasing price is well justified by the benefits it offers thanks to the excellent technology that it uses to produce images that are sharp and colorful. In the near future, it will be challenging to reduce the price of the device to an "affordable" level because it produces a unique 4k resolution. Additionally, 4k UHD tv from unknown brands shouldn't be bought because numerous tests reveal they fall short of those made by well-known companies.

4K UHD TV Market Regional Insights

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"Asia Pacific to Dominate the Market Due to Large Number of Manufacturers"

Asia Pacific owns largest portion of 4k UHD tv market share. The market for ultra-high-definition panels is anticipated to rise significantly in the Asia Pacific region, largely as a result of an increase in the number of manufacturers in nations like Korea, China, and Japan. A significant driver of Asia Pacific's expansion in the worldwide ultra-high-definition panel market over the projection period is also India's economy's strengthening.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

The market for 4k UHD tv is currently quite competitive and dispersed. The dominance of a few notable firms over the market's dynamics is blamed for the market's characteristics. This situation makes it challenging for new competitors to enter the market for ultra-high-definition panels on a worldwide scale. In addition, the players are spending money on research and development in order to release new items. This will assist the players in attracting new clients while retaining current ones.

The new players are combining and working with a number of other companies to overcome this obstacle and achieve sustainability in the global ultra-high-definition panel industry. These tactics enable the participants to obtain necessary resources that might enable them to secure a long-term future in the worldwide ultra-high-definition panel industry. The established players, on the other hand, are acquiring other companies to keep control of the ultra-high-definition panel market. The established players can improve their manufacturing capacity and distribution network with the aid of this method. These tactics give established players a considerable competitive advantage over their rivals.

List of Market Players Profiled

• Panasonic (Japan)
• Samsung (India)
• Hisense (China)
• LG (South Korea)
• Toshiba (Japan)
• Konka (China)
• SONY (Japan)
• Seiki (Tongfang) (China)
• Skyworth (China)
• Changhong (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.