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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