Press Release

Samsung Overtakes Sony in 4K Technology Market in 2016

Declining prices of 4K technology enabled products, growing awareness regarding enhanced picture quality coupled with recording of sports and other events in 4K resolution to drive global 4K technology market through 2022

According to TechSci Research report, Global 4K Technology Market By Product, By End User, By Region Competition Forecast & Opportunities, 2012 – 2022”, the global 4K technology market is projected to grow at a CAGR of over 20% during 2017-2022, on account of increasing disposable income and surging awareness about the 4K technology among the consumers. Further, effort by companies like Netflix, Amazon, Youtube to provide content in 4K and UHD resolutions is expected to give a major booster to the market in the coming years. Additionally, growing economies of the emerging countries like India, China, etc., is also a major factor likely to have a positive impact on the market during the forecast period. In 2016 Asia-Pacific tablet userbase stood at 538.25 million, which is anticipated to reach 994.37 million by 2022, which is expected to further boost 4K technology adoption in the ensuing years.

Browse 85 market data Tables and 79Figures spread through 213 Pages and an in-depth TOC on "Global 4K Technology Market"

https://www.techsciresearch.com/report/global-4k-technology-market-by-product-television-camera-etc-by-end-user-consumer-electronics-media-entertainment-etc-by-region-asia-pacific-europe-north-america-south-america-mea-competition-forecast-and-opportunities/1098.html

A huge chunk of demand for 4K technology is being generated by 4K technology televisions. In 2016, the televisions segment captured the largest share in global 4K technology market, and the segment is anticipated to lead the market through 2022. The second largest share in 2016 was garnered by the cameras segment, followed by projector, smartphones & tablets, and monitors. Consumer electronics end user segment dominated the market in 2016 due to increasing demand from household segment on the back of expanding affluent consumer base and desire to have 4K televisions, monitors, smartphones, tablets, laptops, etc. Nevetheless, 4K technology is expected to observe growth in commercial, defense & aerospace and healthcare segments as well in the coming years. Some of the leading players operating in the market include Samsung Electronics Co. Ltd, Sony Corporation, LG Electronics Inc, Canon Inc., Hisense Electric Co. Ltd., and others.

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“Augmenting demand from various end use segments in order to leverage the benefits offered by 4K technology, accelerated adoption of over the top market, and expanding gaming industry and smartphone consumer base are anticipated to propel 4K technology market over the course of next five years. Moreover, with a large population base coupled with presence of major players in region, Asia-Pacific is expected to continue its dominance in the global 4K technology market until 2022.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.  

Global 4K Technology Market By Product, By End User, By Region Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of global 4K technology market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global 4K technology market. 

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Global 4K Technology Market By Product (Television, Camera, etc), By End User (Consumer Electronics, Media & Entertainment, etc), By Region (Asia-Pacific, Europe, North America, South America, & MEA), Competition Forecast and Opportunities, 2012-2022

ICT | Jul, 2017

Declining prices of 4K technology enabled products, growing awareness regarding enhanced picture quality coupled with recording of sports and other events in 4K resolution to drive global 4K technology market through 2022

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