Global ultra high definition TV market: 97.3% CAGR growth forecast between 2012-65
Global Ultra High Definition TV Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-31 00:20:01
The Global Ultra High Definition TV market is to grow at a CAGR of 97.3 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased spending on consumer electronic goods by consumers. The Global Ultra High Definition TV market has also been witnessing the increasing number of partnerships among the value chain entities. However, the high cost of ultra HD TVs could pose a challenge to the growth of this market.
One of the major trends witnessed in the Global Ultra HD TV market is the increasing number of partnerships among value chain entities. The emergence of ultra HD TVs has led to an increasing number of collaborations between ultra HD TV vendors and pay TV operators, both of which are members of the value chain. These partnerships are mutually benefiting both parties. Samsung and Microsoft Corp. have the highest number of collaborations worldwide; these two companies accounted for more than two-thirds of the total number of partnerships for ultra HD TVs worldwide. In terms of geography, Europe has the largest number of such partnerships.
One of the major drivers in this market is the increased spending on consumer electronic goods by consumers. The increased spending is expected to increase the growth prospects of the market. Moreover, the market is witnessing high adoption of ultra HD TVs in the emerging markets.
One of the key challenges in this market is the high cost of ultra HD TVs. The high cost of ultra HD TVs hinders their adoption among price-conscious consumers. Hence, the adoption of ultra HD TVs is restricted to the affluent class of consumers, which forms a very small part of the target market.
The key vendors dominating this market space are Samsung Electronics Co. Ltd., LG Electronics, Sony Corp., and Panasonic Corp. Other vendors are Sharp Corp. and Toshiba Corp.
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