Forecast: 4K TV market to grow 15% CAGR
December 13, 2021
By Chris Forrester
Helped by strong international growth, especially in China, Japan and South Korea, the 4K TV market by valuation is forecast to expand by $56.99 billion (€50.5bn) at a CAGR of 15 per cent CAGR in the period 2020-2025, according to market research from Technavio.
However , as recognised by other researchers, the lack of viewable 4K content may impact this growth rate.
The researchers say 39 per cent of the growth will originate from APAC for the 4K TV market. South Korea (Republic of Korea) and China are the key markets for 4K TV in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The rising number of dual-income households will facilitate the 4K TV market growth in APAC over the forecast period