Global 4K TV Market to Grow at a CAGR of 106.84% by 2018
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The Global Television market can be categorized into four segments: CRT TVs, LCD TVs, OLED TVs, and Plasma TVs. Among these four segments, only LCD TVs and OLED TVs will have the 4K feature
This innovation will upgrade the television viewing experience of consumers by providing them with video quality that is twice as good as HD and four times that of normal televisions. Large screen televisions in particular will show the pronounced benefits of 4K resolution. The use of 4K enables the display of pictures with enhanced clarity, finer details, and smoothened images. Moreover, 4K technology has a variety of applications ranging from entertainment to aerospace, medical, and defense.
Analysts forecast the Global 4K TV market will grow at a CAGR of 106.84 percent over the period 2013-2018.