4K Ultra HD TVs Propelling Flat Panel TV market to 194 million units in 2022

Geographically, Asia-Pacific leads the 4K unit shipments representing 37% of global unit shipments in 2018. The Asian-Pacific market is mainly driven by the Chinese market which offers several low cost 4K models. North America and Western Europe are the regions with the highest 4K TV penetration at present. Combined shipments to the two regions will account for almost half of worldwide 4K flat panel TV unit shipment in 2018. ABI Research expects that consumer demand for 4K flat panel TV sets will drive the market to grow at CAGR 17.3% to reach 194 million unit shipments in 2022.

Geographically, Asia-Pacific leads the 4K unit shipments representing 37% of global unit shipments in 2018. The Asian-Pacific market is mainly driven by the Chinese market which offers several low cost 4K models. North America and Western Europe are the regions with the highest 4K TV penetration at present. Combined shipments to the two regions will account for almost half of worldwide 4K flat panel TV unit shipment in 2018. ABI Research expects that consumer demand for 4K flat panel TV sets will drive the market to grow at CAGR 17.3% to reach 194 million unit shipments in 2022.

"As expected, 4K is quickly becoming the standard for TV sales. Just like HD before it, hardware technology reached the market far before any content did, placing an impetus on content creators and providers to catch up, while also allowing for a time of transition. While some of the satellite and cable providers are lagging behind major streaming services for 4K support and content, that too is shifting. As 4K becomes the norm, questions surround HDR and its many forms will become the focus," concludes Lynn.

These findings are from ABI Research's Media Devices: UltraHD, 4K, HDR, 8K, HEVC report. This report is part of the company's Video, VR & OTT research service, which includes research, data, and Executive Foresights. 

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