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The 4K TV market
The 4K TV market is estimated to garner a revenue of USD 600 billion by the end of 2033 growing at a CAGR of ~21% during the forecast period, i.e., 2023 – 2033
NEW YORK CITY, NEW YORK, UNITED STATES, Nov. 8, 2022 /EINPresswire.com/ — Advances in technology and rapid urbanization are expected to fuel the growth of the global 4K TV market and help achieve a revenue of USD 600 billion in 2033.
The latest market research analysis of “4K TV Market: Global Demand Analysis and Forecast to 2033” by Research Nester provides in-depth competitor analysis and a comprehensive view of the global 4K TV market in terms of market segmentation by screen size, technology, screen type, distribution channel, price range by region for the forecast period, ie, 2023-2033.
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Furthermore, in an in-depth analysis, the report includes industry growth indicators, restraints, supply and demand risks, and a detailed discussion on current and future trends associated with the growth of the global 4K TV market. This analysis helps organizations to identify the continuous flow of growth opportunities to succeed in the unpredictable future. Additionally, the growth opportunities revealed by the market are poised to gain significant momentum over the next few years.
4K TV market to find more opportunities for growth on the back of reduced prices of electronic goods, finds Nester Research
The global 4K TV market is predicted to grow mainly due to the increasing adoption of new technologies in the industry, and increasing IT spending. Furthermore, increasing purchasing power, increasing demand for HD channels and decreasing prices of electronic goods across the world are expected to drive the market growth. For example, Panasonic plasma TVs are estimated to cost USD 2,600 in 2012, while Hisense 65H9F 4K LED TVs are estimated to cost USD 590 in 2019.
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The global 4K TV market is segmented on the basis of technology into Organic Light Emitting Diode (OLED) and Light Emitting Diode (LED). The Organic Light Emitting Diode (OLED) segment is expected to achieve the highest revenue by the end of 2033 by growing at a significant CAGR during the forecast period supported by the growing number of smart TVs and the launch of new products by manufacturers. In North America, LG Electronics presented a 97-inch organic light-emitting diode (OLED) TV at CEDIA Expo 2022, the world’s largest OLED TV. TVs with OLED displays offer the best picture quality and thinnest screens ever – providing the most stunning television in history.
By region, the Asia Pacific 4K TV market will generate the highest revenue by the end of 2033. This growth is predicted by technological advances in televisions, increased demand for high-end electronics, and growing per capita incomes. It was noted that China’s per capita disposable income increased by 9% over the 2020s, reaching USD 5,200 in 2021. In addition, the rapid growth of UHD set-top boxes in China and South Korea, and innovation by manufacturers in these countries. is expected to stimulate the growth of the regional market.
The research is global in nature and covers detailed analysis of the 4K TV market in North America (US, Canada), Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC. [Finland, Sweden, Norway, Denmark]Poland, Turkey, Russia, the rest of Europe), Latin America (Brazil, Mexico, Argentina, all of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore , Malaysia, Australia, New Zealand , All Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Middle East and Africa). Additionally, analysis including global 4K TV market size, YOY growth and opportunity analysis, competitive analysis of market players, investment opportunities, future demand outlook etc.
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The report also provides the current competitive situation of other major players in the global 4K TV market which includes company profile of Samsung, LG Electronics, Sony Corporation, Hisense, Sharp Corporation, Koninklijke Philips NV, Panasonic, Vizio, Toshiba Corporation and TCL. , and others. The profile contains key company information including business overview, products and services, key financials and the latest news and developments. Overall, this report presents a detailed description of the global 4K TV market that will help business consultants, equipment manufacturers, existing players looking for expansion opportunities, new players looking for opportunities and other stakeholders to adjust their market strategies in line with current and expected trends. future trends.
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About Nester Research
Research Nester is a leading service provider of systematic market research and consulting. We aim to provide unbiased, unbiased market insights and business analysis to help businesses, conglomerates and managers take wise decisions on their future marketing strategy, expansion and investment etc. the right time is found with creative minds. Our out-of-the-box thinking helps our clients make a wise decision to avoid uncertainty in the future.
AJ Daniel
Nester Research
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