4K TVs are specially designed high-resolution TVs with a display resolution of about 4,000 pixels. These TV's tend to come in larger sizes and provides an enhanced picture quality. The 4K TVs are also capable of displaying a wide range of colors than other televisions resulting in a vibrant image.
MARKET SCOPE
The "Global 4K TV Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the 4K TV market with detailed market segmentation by screen size, end use, and geography. The report provides key statistics on the market status of the leading 4K TV market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on screen size, the global 4K TV market is segmented into below 52 inches, 52-65 inches, and above 65 inches.
? On the basis of end use, the market is segmented into residential and commercial.
MARKET DYNAMICS
Drivers:
? The 4K TV market is heavily influenced by driving factors such as increasing popularity of enhanced displays, better viewer experience, and increasing number of 4K video streaming by various platforms like YouTube and Netflix.
Restraints:
? The higher cost of these televisions is impacting negatively on the growth of 4k tv market in the current market scenario.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 4K TV market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the 4K TV market in these regions.
IMPACT OF COVID-19 ON 4K TV MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the 4K TV market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from 4K TV market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 4K TV market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Changhong
? Haier Inc.
? Hisense International Co. LTD
? LG Electronics
? Panasonic Corporation
? Samsung Electronics Co. Ltd.
? Sharp Corporation
? Sony Corporation
? Toshiba Corporation
? VIZIO Inc.