Global UHD TV Market 2018-2022
About UHD TV
Ultra-high definition (UHD)is a form of TV technology. It is also called Ultra-HD TV, Ultra HD, UHDTV, UHD, and Super Hi-Vision. It includes the 4K and 8K digital video formats of TVs. The 4K exhibits a resolution of 3,840 x 2,160 pixels and 8K exhibits of a resolution of 7,680 pixels x 4,320 lines.Technavio’s analysts forecast the global UHD TV market to grow at a CAGR of 28.23% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global UHD TV market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global UHD TV Market 2018-2022
Technavio recognizes the following companies as the key players in the global UHD TV market: CHANGHONG ELECTRIC, Hisense, LG Electronics, SAMSUNG, and SONY.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising popularity of curved UHD TV. With TV manufacturers such as Samsung and Mitashi introducing curved TVs, the coming years will witness a growing preference for curved UHD TVs, which according to our UHD TV market forecast, will be one of the major UHD TV market trends gaining traction during the forecast period.”
According to the report, one driver in the market is reduction in ASP of UHD TVs. It has been observed that by 2017, the ASP of UHD TVs in China has reduced by about 85%. Similarly, the North American TV market also witnessed a 90% reduction in UHD TV price since its induction in 2012.
Further, the report states that one challenge in the market is lack of UHD content. One of the key factors that would hinder the adoption of UHD TVs is the lack of content. In march 2018, Sony unveiled the new 4K OLED AF8 TV that is expected to hit stories by the end of 2018.
List of abbreviations