ICT & Electronics Global 4K TV’s Market (2016-2024)- Research Nester | Page 10

Growth Drivers and Challenges
Factors such as advancement in graphic technology in television and
growing demand for high end electronics are believed to be the dynamic
factor behind the rapid growth of 4K TV’s market across the globe.
Further,
huge
investment
by
industry
players
in
technology
advancements is envisioned to bolster the growth of 4K TV’s market by
the end of 2024.
Moreover, popularity of the ultra-high definition televisions and
increasing purchasing power of the consumers are the major factor
propelling the growth of 4K TV’s market. Likely, growing demand for
4K television for better picture quality and increased penetration of
UHD set top boxes are projected to boost the demand for 4K TV’s.
Swelled disposable income of the population across the globe supported
by the positive GDP figures in growing nations is supporting the
penetration of consumer electronics.
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However, high cost associated with the 4K television is anticipated to
hinder the growth of 4K TV’s market over the forecast period.
Key players
The major key players for 4K TV’s market are as follows
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