Industry Background:
The growing popularity of the Ultra-HD TV is executed to drive the global demand for the Ultra-HD TV in the forecasted period. Ultra-high-definition television today includes 4K UHD and 8K UHD that are two digital video formats with an aspect ratio of 16:9. These were first proposed by NHK Science & Technology Research Laboratories and later defined and approved by the International Telecommunication Union. It has various benefits such as Better image depth, 4K pictures have more detail, Better colour handling, A more cinematic, immersive experience and many others. The ultra HD real-time features suppliers, for example, Amazon, Netflix, Vudu, and Sony are improving their administrations. This is required to contribute towards the development of the Ultra HD Television market in the upcoming years.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Sony (Japan), Samsung (South Korea), Skyworth (China), Changhong (China), Hisense (China), LG (South Korea), Vizio (United States), TCL (China), Panasonic (Japan) and Sharp (Japan) |
According to AMA, the market for Ultra-HD TV is expected to register a CAGR of 21.2% during the forecast period to 2027. This growth is primarily driven by Increased global production capacities and constant pressure for price reduction exerted by the retailers are the primary reasons for a steep decline in Ultra High Definition (UHD) TV prices over the last few years.
Globally, a noticeable market trend is evident The rising demand from the commercial sector
The Electronic Equipment & Instruments sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Sony (Japan), Samsung (South Korea), Skyworth (China), Changhong (China), Hisense (China), LG (South Korea), Vizio (United States), TCL (China), Panasonic (Japan) and Sharp (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The industry is highly competitive due to the presence of several dominant players. The key market players offer a broad range of televisions with different screen sizes and features to increase their sales.
Key Developments in the Market:
On 6th January 2020, Sony Electronics Inc. has announced new Z8H 8K LED, A8H and MASTER Series A9S OLED, and X950H and X900H 4K LED televisions. Offering a premium viewing experience consumers have come to expect from Sony, this new lineup features proprietary technologies previously only found in Sony's MASTER Series models.
Influencing Trend:
The rising demand from the commercial sector and The growing popularity of the LCD TVs among the customers
Market Growth Drivers:
Increased global production capacities and constant pressure for price reduction exerted by the retailers are the primary reasons for a steep decline in Ultra High Definition (UHD) TV prices over the last few years
Restraints:
The rising concern related to the threat of substitutes such as the internet
Opportunities:
High demand due to technological advancements have remarkably altered television sizes and their resolutions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Ultra-HD TV Market
- Analysis about New Entrants in Ultra-HD TV Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Ultra-HD TV Study Sheds Light on
The Ultra-HD TV Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ultra-HD TV industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ultra-HD TV industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.