NEW YORK, Nov. 19, 2021 /PRNewswire/ — UHD TV Market- Forecast and Analysis Report 2018-2022: The market witnessed a YOY growth rate of 23.24% at an accelerating CAGR of over 28% between 2017 and 2022, as per the Technavio.
Revenue Generating Segment
- The 4K UHD TV monopolized the UHD TV market share in 2017 with a 100% share. While it will continue to dominate the market, the advent of 8K UHD TV will diminish its market share.
- 8K UHD TV will account for the highest UHD TV market growth during the forecast period.
- Additionally, the report also provides an accurate prediction of the contribution of the various product segments to the growth of the UHD TV market size.
Revenue generating segments highlights and insights on market analysis of coming years –View FREE Sample
The report is segmented by resolution (4K and 8K), screen size (40-49 inches, 50-59 inches, 60-69 inches, and 70 inches and above), and display type (LED, OLED, and QLED).
Vendor Insights
- The global UHD TV market is moderately fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
- The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their products. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
- For Instance- In March 2018, LG Electronics unveiled its 2018 TV line-up with an array of new and innovative OLED and SUPER UHD models, which feature ThinQ artificial intelligence technology and advanced α (alpha) processors. Similarly,In January 8, 2018, Sony Electronics launched its X900F series and A8F BRAVIA OLED series of Sony TVs that use 4K HDR content.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- CHANGHONG ELECTRIC
- Hisense
- LG Electronics
- SAMSUNG
- SONY
Find additional highlights on the growth strategies adopted by vendors & their product offerings. Read Free Sample Report.
Geographical Market Analysis
The APAC region will account for the largest UHD TV market share of 71% and will also register the highest UHD TV market growth throughout the forecast period.
Know more about this market’s geographical distribution along with the detailed analysis of the top regions https://www.technavio.com/report/global-uhd-tv-market
Key Market Trends & Challenges:
View free sample for highlights on market Trends & Challenges affecting UHD TV market.
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About Us:
UHD TV Market Scope
Report Coverage
Details
Page number
120
Base year
2017
Forecast period
2018-2022
Growth momentum & CAGR
Accelerate at a CAGR of over 28%
Market growth 2017-2022
USD 256.14 billion
Market structure
Moderately Fragmented
YoY growth (%)
23.24
Performing market contribution
APAC at 71%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
CHANGHONG ELECTRIC, Hisense, LG Electronics, SAMSUNG, and SONY.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
Customization preview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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SOURCE Technavio
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