The Global 4K2K Television Market Size collected USD 36.0 Billion in 2022 and is set to achieve a market size of USD 81.9 Billion in 2032 growing at a CAGR of 9.8% from 2023 to 2032.
4K2K Television Market Report Statistics
4K resolution also called as 4K is a horizontal resolution used in the screens of various devices. 4K is of the order of 4,000 pixels wherein the vertical resolution is on the order of 2,000 pixels. Various 4K resolutions persists in the digital cinematography and digital television fields. In the movie projection industry, the most widely used 4K standard namely Digital Cinema Initiatives is the dominant 4K standard and is expected to maintain its dominance over the forecast period.
Moreover, in consumer media and television, UHD-1 or 4K UHD is the dominant 4K standard. By the end of 2015, the global 4K television market share has witnessed a rapid increase due to the dramatic decline in prices during the year 2014 and 2015. By the end of 2025, approximately more than half of U.S. households are anticipated to own a 4K television with at least 2160 pixels resolution. This is expected to be a much faster adoption rate as compared to that of Full HD also known as 1080 pixels
Global 4K2K Television Market Dynamics
4K2K Television Market Report Coverage
|Market||4K2K Television Market|
|4K2K Television Market Size 2022||USD 36.0 Billion|
|4K2K Television Market Forecast 2032||USD 81.9 Billion|
|4K2K Television Market CAGR During 2023 - 2032||9.8%|
|4K2K Television Market Analysis Period||2020 - 2032|
|4K2K Television Market Base Year||2022|
|4K2K Television Market Forecast Data||2023 - 2032|
|Segments Covered||By Display Size, By End-Use, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Hisense, LG, Panasonic, Samsung, Sony, Haier, Koninklijke Philips, Konka, Micromax Informatics, Sansui Electric, Sichuan Changhong Electric, Seiki Digital, Skyworth Digital, TCL, Toshiba, Sony Electronics Inc., Videocon, and Xiaomi Technology.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
4K2K Television Market Growth Factors
Currently, the 4K2K TV is one of the latest revolution in the television technology and it offers four times higher resolution as compared to high definition television sets. 4K2K TV provides some of the prominent features such as higher resolution, wide field of view, extended color range, sharp pictures, enhanced motion portrayal, higher contrast and progressive scan at high frame rates which are the unique selling propositions of these televisions. Screen resolution also known as display resolution is the total number of different pixels in all the four dimensions which can be displayed. Screen resolution can be calculated by the height and width of the image as well as by calculating the total number of pixels present in the image. There are various types of display/screen resolutions such as full HD televisions and high definition televisions among others.
Most of the 4K2K televisions deploy liquid control display panels since they are relatively more cost effective as compared to LED displays. Also, continuous and rapid decline in the selling prices of 4K2K televisions is expected to increase its overall sales in the foreseeable years. Also, increasing popularity of 4K ultra-high-definition content, on the other hand, is expected to bolster the growth prospects of the global 4K2K TV market over the forecast period. The major factors fueling the growth of 4K2K TV market include decrease in average selling price, increase in the 4K2K panel shipments, rising popularity of 4K ultra-high definition image and video content, greater adoption rate especially in developing economies, increase in the middle class population, rise in the lifestyle of people and rising awareness about the 4K technology among youngsters. However, the growth of the global 4K2K TV market is expected to be hindered by various factors including limited adoption of 4K2K technology in bigger sized television sets coupled with high costs of 4K2K televisions. The key trends in the global 4K2K market includes increasing adoption of 4K2K TV Panels employing RGBW technology, use of LED backlights in the advanced 4K2K televisions as well as entry of new vendors in the market. Experiencing 3D video content on 4K2K television enhances the overall visual experience which is another factor projected to boost the growth of global 4K2K TV market over the forecast period. Furthermore, the global 4K2K market is anticipated to witness significant emergence of 8K video and image content in the foreseeable years.
4K2K Television Market Segmentation
The worldwide 4K2K television market is categorized based on display size, end-use, and geography.
4K2K Television Market By Display Size
According to the 4K2K television market forecast, the 56 to 65 inches display size category will account for the majority of the share in 4K2K televisions. This is because the size range of 55 to 65 inches strikes a balance between an immersive visual experience and a reasonable price point, thereby making it a popular option for many consumers. Larger sizes, such as those above 65 inches and 80 inches and above, tend to be more expensive and, as a result, may not be as popular. The size range of 32 to 45 inches may be popular for smaller spaces such as bedrooms or apartments, whereas the 46 to 55 inch size range may be popular for larger living rooms or home theatres. However, in terms of 4K2K television sales, the size range of 55 to 65 inches is the most popular among consumers.
4K2K Television Market By End-Use
The household end-use segment commands the largest market share in the 4K2K television market. This is due to the fact that 4K2K televisions provide a better viewing experience and are especially popular among consumers who value high-quality video content in their homes. As streaming services, gaming, and other high-resolution content become more popular, many consumers are upgrading their home entertainment systems that included 4K2K televisions. Furthermore, the decreasing prices of 4K2K televisions have made them more affordable to a broader range of households. While the commercial end-use segment, which includes hotels, restaurants, and sports bars, has a sizable share of the 4K2K television market, it is smaller than the household segment. Commercial customers prefer larger display sizes and require televisions that are more durable and can run for extended periods of time. However, demand for 4K2K televisions in the commercial segment may fluctuate depending on factors such as the economic environment and the accessibility of capital expenditure budget.
4K2K Television Market Regional Outlook
The Middle East & Africa
4K2K Television Market Regional Analysis
The Asia-Pacific region is one of the largest and fastest-growing 4K2K television markets, with China, Japan, and India driving growth. This can be attributed to these countries' large populations as well as the growing adoption of high-quality content in these regions.
North America is another major markets for 4K2K televisions, with the US and Canada accounting for a sizable portion of the market. This can be attributed to the region's high disposable income as well as the availability of 4K2K content. Europe is also a significant market for 4K2K televisions, with countries such as Germany, the United Kingdom, and France accounting for a sizable share. The increasing availability of 4K2K content, as well as the rising popularity of smart TVs, can be attributed to the market's growth in Europe.
4K2K Television Market Players
Some of the key players in the global 4K2K television market include Haier, Hisense, LG, Konka, Koninklijke Philips, Micromax Informatics, Panasonic, Samsung, Sansui Electric, Seiki Digital, Sichuan Changhong Electric, Skyworth Digital, Sony Electronics Inc., TCL, Toshiba, Videocon, and Xiaomi Technology.
The market size of 4K2K television was USD 36.0 Billion in 2022.
The CAGR of 4K2K television market is 9.8% during the analysis period of 2023 to 2032.
The key players operating in the global market are Haier, Hisense, LG, Konka, Koninklijke Philips, Micromax Informatics, Panasonic, Samsung, Sansui Electric, Seiki Digital, Sichuan Changhong Electric, Skyworth Digital, Sony Electronics Inc., TCL, Toshiba, Videocon, and Xiaomi Technology.
Asia-Pacific held the dominating position in 4K2K television market during the analysis period of 2023 to 2032.
North America region exhibited fastest growing CAGR for 4K2K television market during the analysis period of 2023 to 2032.
The current trends and dynamics in the 4K2K television industry include rising popularity of streaming services, increased availability of 4K2K content, growing consumer demand for larger screens, and integration with voice assistants.
The 56 to 65 inches display size held the maximum share of the 4K2K television market.