Posted Tue Nov 25, 2014 at 04:30 PM PST by Steven Cohen
A new report reveals strong growth in the 4K TV market.
According to a new report by DisplaySearch, global TV shipments grew 4 percent in Q3 2014. The increase was led by strong improvements in LCD and Ultra HD shipments.
"While the last several years in the TV business have been difficult in terms of overall shipments and revenue, the market is showing some broad resiliency now, with most regions enjoying growth in the third quarter," said Paul Gagnon, director of global TV research at DisplaySearch. "Consumption for primary TVs is entering a renewed replacement cycle in some key regions, while adoption of larger screens and 4K and other higher resolutions will keep consumers upgrading."
As detailed in the report, 4K shipments grew more than 500 percent in Q3 2014 resulting in about 3 million units and a total of 6.4 million units shipped throughout the year. Of that number, China is responsible for more than 60 percent of Q3 4K shipments. Likewise, Samsung is the top manufacturer in the Ultra HD market, accounting for about 36 percent of 4K TV revenue in Q3 2014. LG follows with 15 percent.
Research indicates that many consumers are now ready to upgrade their current HD sets, and many retailers are gearing up to offer some great Black Friday deals for 4K sets. Be sure to check out our Gear Gift Guide for several Ultra HD TV suggestions and deals.
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