DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/9hjbn6/global_4k_tv) has announced the addition of the "Global 4K TV Market 2014-2018" report to their offering.
The Global 4K TV market will grow at a CAGR of 106.84 percent over the period 2013-2018.
Among these four segments, only LCD TVs and OLED TVs will have the 4K feature. In the coming years, most LCD screens will be equipped with 4K technology and the remaining will have the feature to upgrade. At present, the Global Television market is dominated by the LCD TVs segment and its market share will continue to rise till the end of forecast period. CRT TVs and Plasma TVs will soon be history. The OLED TVs segment, on the other hand, will grow at a more sluggish rate mainly because of the high price of these TVs and they will remain high-end products in the coming years.
One of the main trends witnessed in the Global 4K TV market is a sharp decline in prices of 4K TVs. Chinese vendors can launch 4K TVs at significantly lower prices because of the low cost of production, which brings downs the ASP of 4K TVs. The fall in prices of 2K TVs is ultimately driving down profit margins for vendors encouraging them to manufacture TVs with 4K glasses.
According to the report, Increase in demand from emerging regions such as Latin America, India, and other developing markets within the APAC region is a major driver in the Global 4K TV market. Growing awareness of the advantages of this technology will also drive the growth of this market. The new 4K technology, which is implemented in UHD and OLED TVs, has the potential to display videos with more clarity, greater texture, finer details, and smoother images. These 4K TVs also support faster frame rates and extended colors.
Further, the report states that the biggest challenge to the Global 4K TV market will be posed by China. Slowing demand for TVs in China, because of the end of a government subsidy program, forced the TV brands to look at markets outside China. Chinese brands have already captured a substantial market share because of their reasonable price and competitive features.
The Global Television market can be categorized into four segments:
- CRT TVs
- LCD TVs
- OLED TVs
- Plasma TVs.
- Samsung Electronics Co. Ltd.
- Sichuan Changhong Electric Co., Ltd.
- Skyworth Digital Holdings Co., Ltd.
- Sony Corp.
Other Prominent Vendors
- BOE Technology
- Hisense Electric
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/9hjbn6/global_4k_tv
Research and Markets
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Sector: Computing and Technology
Source: Research and Markets