4K TV Market Size, Share & Trends Analysis Report By Screen Size (Below 52 Inches, 52 To 65 Inches, Greater Than 65 Inches), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2024 - 2030

4K TV Market Size, Share & Trends Analysis Report By Screen Size (Below 52 Inches, 52 To 65 Inches, Greater Than 65 Inches), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2024 - 2030

4K TV Market Growth & Trends

The global 4K TV market size is expected to reach USD 441.63 billion by 2030, registering a CAGR of 6.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The evolving nature of the consumer electronic industry, advancements in graphic engines of televisions, increased pressure on manufacturers to reduce prices, and popularity of the ultra-high definition technology & its advantages have fueled the demand for UHD televisions in the past few years. Latest graphic processors permit advanced technical image formats and have improved the content quality significantly hence, they are widely used in production and distribution of UHD content. Customers are getting accustomed to using such contents, which is further anticipated to spur the market growth.

The 52-65 inches’ segment dominated the global 4K TV market in 2016 since this segment has a wide range of product offering at different price points. Moreover, the adoption of novel technologies, such as Quantum dot LEDs (QLEDs) and Super UHD (SUHD) and decreasing prices of 4K TVs are expected to catapult the segment demand over the forecast period. Televisions belonging to this range have high penetration rates as compared to the others. However, the above 62 inches’ screen size segment is expected to witness the highest growth over the forecast period owing to the declining price trend of 4K TVs coupled with increasing disposable incomes of individuals globally.

China is one of the biggest manufacturers of LCD panels for televisions. The country accounted for more than 70% of the total market share in 2016. Furthermore, North America is projected to be the highest growing region owing to the rising disposable income of the individuals and the increasing penetration of UHD set top boxes in the region.

4K TV Market Report Highlights

• The 52 - 65 inches’ segment accounted for the largest share in 2023, which is accredited to increasing penetration of 4K TVs in the higher economic class; however, with decline in TV prices the above 65-inch screen size segment pose high growth opportunities.
• North America held the highest revenue share of 36.8% in 2023. This sizeable share is due to a large consumer base in the region with high disposable income that can afford high-end electronics.
• Moreover, 4K streaming requires a stable and high-speed internet connection. A well-developed infrastructure for high-speed internet and digital media delivery facilitates seamless streaming of 4K content, a crucial element for maximizing the benefits of 4K TVs.

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