Advanced Television

BCC: UHD display market worth $132bn by 2022

February 21, 2018

By Chris Forrester

BCC Research is forecasting a huge growth in the take-up by consumers of Ultra HD displays, stemming from the technology’s growing adoption, rising disposable incomes, technological advancements, expanding 4K content and increasing TV unit sales.

BCC estimates the global market to grow from $52.3 billion (€42.5bn) in 2017 to almost $132.9 billion by 2022, indicating a compound annual growth rate (CAGR) of 20.5 per cent.

On the basis of technology, the market is sub-segmented into LED technology, OLED technology and QLED technology. Accordingly, in terms of revenue, OLED technology dominates the global 3D printing in the healthcare market and is estimated to generate $79.7 billion by 2022. In terms of the fastest-growing market, QLED technology is estimated to dominate the market with a CAGR of 35.8 per cent. In terms of end use, the market is segmented into TVs, monitors, projectors, phones, virtual reality headsets and 4K recording devices.

BCC says that the Asia-Pacific region, which dominated the regional markets for 4K in 2016 with revenues of $18.4 billion, is estimated to retain top spot through 2022 with revenues of $51.6 billion.

By screen size, 50 to 55-inch screens are estimated to dominate the market with a share of 31.5 per cent at a CAGR of 22.3 per cent by 2022.

According to UHD service providers, the majority of internet users in the United States lack high-speed internet required to stream UHD at a constant speed of 25 megabits per second or higher, which is necessary to stream 4K UHD content from principal content providers.

“Growth in GDP and per capita income has been observed globally in the last few years. With the growth in disposable income, the capacity of end users to buy a product will increase,” said Anand Bhandari, BCC Research analyst and author of the report. “Sales of high-end electronic products have shown a consistently high growth rate. The developed economies of North America, such as the US and Canada, and European countries, such as the UK, Germany and France, have high per capita income showing steady growth. Developing economies, such as China and India which have less per capita income, are experiencing fast growth as well. These economies are estimated to be the major markets for 4K UHD in Asia-Pacific during the forecast period.”

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