4K TV Market Size, Share and Trends 2024 to 2034

The global 4K TV market size is calculated at USD 260.26 billion in 2024, grew to USD 277.00 billion in 2025 and is projected to reach around USD 485.35 billion by 2034. The market is expanding at a CAGR of 6.43% between 2024 and 2034. The North America 4K TV market size is exhibited at USD 96.30 billion in 2024 and is expected to grow at a CAGR of 6.56% during the forecast year.

  • Last Updated : 05 Dec 2024
  • Report Code : 5315
  • Category : Semiconductor and Electronic

4K TV Market Size and Forecast 2024 to 2034

The global 4K TV market size accounted for USD 260.26 billion in 2024 and is expected to exceed USD 485.35 billion by 2034, growing at a CAGR of 6.43% from 2024 to 2034. The demand for higher-resolution TVs is driving the growth of the 4K TV market. Additionally, developments of smart TVs with high dynamic range (HDR) and wide color gamut (WCG) are influencing the market. The growing utilization of 4K gaming is projected to enhance demand for 4K TVs in the upcoming period.

4K TV Market Size 2024 to 2034

4K TV Market Key Takeaways

  • North America dominated the global market with the largest market share of 37% in 2023.
  • Asia Pacific is expected to witness significant growth during the forecast period.
  • By screen size, the 52 to 65 inches segment contributed the highest market share of 48% in 2023.
  • By screen size, the greater than 65 inches segment is anticipated to grow at the fastest CAGR of 9.64% during the forecast period.

How is Artificial Intelligence (AI) Impacting the 4K TV Market?

Artificial intelligence is significantly transforming the 4K TV market. The integration of AI in TVs is enabling smart content. Consumers are able to have access to their 4K TVs in their smart devices like smartphones and tablets, making it more convenient and easier to handle and operate the streaming. AI integration allows the addition of non-4K content in displays on TVs like it's part of 4K content, making it enjoyable to the consumers and improving consumer experiences. Image and quality upscaling are driving the rapid adoption of AI in TVs.

Technology advancements like ultra-high-definition (UHD) services and content security systems are emerging in the market. The integration of AI is enabling seamless content in the 4K TV market and providing sustainable features, such as energy-saving modes, making them more popular in the industry. With the multiple benefits AI offers, manufacturers are determined to adopt the integrated technologies in 4K TVs extensively.

  • In November 2024, Xiaomi REDMI launched the REDMI Smart TV X 2025 Series Smart TVs with 55″, 65″, 75″, and 85″ models featuring stunning 4K displays and supporting 1.07 billion colors, a 94% DCI-P3 wide color gamut, and a 97.3% ultra-high screen-to-body ratio.

U.S. 4K TV Market Size and Growth 2024 to 2034

The U.S. 4K TV market size is evaluated at USD 67.41 billion in 2024 and is projected to be worth around USD 128.31 billion by 2034, growing at a CAGR of 6.63% from 2024 to 2034.

U.S. 4K TV Market Size 2024 to 2034

North America held the largest market share of 37% in 2023. The presence of established major TV manufacturing companies drives the market in North America. The region is well known for technology advancements, with countries like the United States and Canada investing in the research & developments that are encouraging cutting-edge developments in TV technology. Increasing disposable income allows consumers to spend on luxuries and premium options.

The United States leads the North American 4K TV market with a large consumer base. Also, well-established retail and online networks in the country are providing easy access and availability to consumers. Collaboration of the United States with several other nations is continuously encouraging innovation & development in manufacturing industries. Moreover, the government initiatives are helping to boost the United States market.

  • In September 2024, Panasonic announced its new line, launching OLED (Z95A and Z85A) and Mini-LED (W95A) TVs made in Japan from 55 to 85 inches into the U.S. market. This launch reflected Panasonic Corporation's return to the United States after a decade-long absence.

4K TV Market Share, By Region, 2023 (%)

Asia Pacific is expected to witness significant growth in the 4K TV market during the forecast period. A large consumer base helps expand the adoption of 4K TVs in Asia Pacific. The large population of the region is the key factor driving the market. The adoption of digitalization has increased in Asia due to increased disposable income among the middle-class population. Countries like China, India, Indonesia, and Japan have witnessed significant growth in the demand for smart TVs.

India is leading the Asia Pacific’s 4K TV market with a huge consumer base. The increasing government investments in infrastructure developments and transportation are supporting nations' markets. Rising productions of TVs from local to large-scale manufacturers are enabling easy access and affordable choices for the country's consumers.

  • In November 2024, Indkal Technologies, a Bengaluru-based company, introduced its Acer M series hybrid mini LED QLED smart televisions in India. This TV comes in 65-inch and 75-inch QLED panels. This is a Google TV-based series that operates on Android 11 and is upgradable to Android 14.
  • In September 2024, Samsung unveiled its Crystal 4K Dynamic TV with cutting-edge features like 4K upscaling and Dynamic Crystal color technology in India. Samsung also has utilized its AirSlim Design technique to provide a sleek profile for the new Crystal 4K Dynamic TV.

Market Overview

The global 4K TV market has witnessed significant growth in recent years due to rising consumer demands for high-quality visual TVs. Government and private organizations' investments are enabling manufacturers to adopt and integrate smart technologies to improve displays like OLED, QLED, and SUHD. These technologies have enhanced imaging and color quality and have improved the consumer experience of 4K TVs, leading to further increased attraction. Growing market competition has led to reduced costs for smart and larger TVs, making them affordable and more preferred by consumers.

Brands are spectacularly collaborating to improve brand reputation and sales by building market strategies and promotion efforts. These partnerships are helping to create smart features for TVs and enhancing further innovations and developments along with increasing economic profits. Ongoing collaboration between manufacturers in the 4K TV market is leading to migration with advanced technologies.

  • In June 2024, Everyone TV—the organization leading the evolution of free TV in the UK—announced the joining of multiple novel smart TV brands, including Toshiba, Sharp, Panasonic, and Metz, with the Freely lineup. All these four brands will offer their new streaming services that will be integrated with Freely.

4K TV Market Growth Factors

  • Consumer demands: Consumers are seeking smart yet affordable premium and luxury TVs for their houses, apartments, and commercial sites. The increased consumer demand for 4K content and streaming services is encouraging market competition.
  • Growing middle-class population: The growing middle-class population is the key reason behind increased demand for consumer electronics like 4K TVs. The increased adoption of digital technologies among the middle-class population is driving demand for 4K TVs.
  • Affordability: The competition among manufacturers has increased, leading to the drive for the affordability of the TVs. The easy access and cost-effectiveness are attracting consumers toward 4K TVs.
  • Technology advancements: The advancement in display technology with improved imaging quality and viewing experiences is driving the expansion of the 4K TV market. Additionally, the implementation of novel and smart features is likely to boost manufacturing sectors.
  • Government initiatives: Government initiatives are enhancing the promotion of digitalization among people. Moreover, investment in local companies is front-loading in the market growth.

Market Scope

Report Coverage Details
Market Size by 2034 USD 485.35 Billion
Market Size in 2024 USD 260.26 Billion
Market Size in 2025 USD 277.00 Billion
Market Growth Rate from 2024 to 2034 CAGR of 6.43%
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2034
Segments Covered Screen Size, and Regions
Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East, and Africa

Market Dynamics

Driver

Consumer demands for 4K contents

The market has witnessed significant growth due to increased consumer demands for the 4K TV market services, such as TV shows, on streaming services like Netflix, Disney+, and Amazon Prime. The manufacturers have made it easy for consumers to access streaming services with 4K content. Additionally, the growing adoption of digitalization, like smartphones, tablets, and laptops, is further making access to 4K content easy for consumers.

Consumers' growing preference for watching sports and live events on 4K displays is driving demands for the advanced 4K TV market. Rising demand for 4K gaming content, like PlayStations, is fueling the expansion. With continuously rising demand for high picture quality, upgraded features, and growing premium choices, the market is transforming to success.

Restraint

High upfront cost

As compared to the HDTVs, 4K TVs are quite expensive. Additional features of HDR, WCG, OLED, and QLED are further increasing the cost of the 4K TVs. Premium brands have high prices, making them unaffordable for the middle-class population. High prices give consumers limited access to the 4K TV market content. Additionally, the availability of smart devices like smartphones, laptops, and tablets helps consumers double-check their decision before buying expensive 4K TVs.

Opportunity

Commercial users

Commercial users like advertisers, retailers, hotels, restaurants, and resorts are holding potential future opportunities for the 4K TV market. Retailers and advertisers have increased their preference for 4K TVs for digital advertisements for more visual influence and impact on consumers. Hotels, resorts, and restaurants are highly adopting 4K TVs to improve their reputations and visual attractions for customers. Such commercial users have witnessed great tourism and local experiences due to the adoption of the 4K TVs. 

Moreover, the growing adoption of 4K TVs in academies and training sectors for better learning, remote working or training, and engaging attention are fueling the 4K TV market expansion. The healthcare sector is also seeking a role in the market growth, as the utilization of 4K TVs for high-resolution medical imaging and patient education & understanding has increased. Commercial users like stadiums and corporate sectors are adopting TVs for video conferences and offering consumer experiences with large-screen displays.

Screen Size Insights

The 52 to 65 inches segment dominated the 4K TV market in 2023, as the market has witnessed consumers upgrading the smaller screen sizes to larger sizes of 4K TVs. The 52 to 62-inch screen size of 4K TVs provides an optimal viewing experience for consumers. These TVs are convenient and comfortable for the living rooms. Improved panel technology like OLED and QLED productions is emerging in the segment growth. Additionally, advancements in color gamut technology and high dynamic range are improving consumer experience with the 52- to 62-inch screen size 4K TVs. Manufacturers' innovations are the promotion of their brands, as highlighted products are further driving consumer attraction toward the segment. Additionally, growing online sales and partnerships between manufacturers and retailers are enhancing audience engagement.

The greater than 65 inches segment is anticipated to grow at the fastest rate in the 4K TV market during the forecast period. Improved panel technology like SUHD (super ultra-high definition) is improving the quality of the 4K TVs. This technology enables manufacturers to produce a large range of products. The segment is further rising due to increasing consumer preferences for luxury and premium TVs. With consumers willing to spend on premium products, companies are focusing on wide marketing, leading to attracting consumers.

  • In April 2024, Hisense launched its new series of U6N Mini-LED ULED 4K Google TVs in North America. This series was launched alongside the U8N and U7N models with 55 to 85-inch screen sizes. The U6N’s Mini-LED with the range-topping 85 model has 600 nits brightness with 512 local dimming zones, and 55 U6N models have 550 nits brightness and 160 zones.

4K TV Market Companies

4K TV Companies
  • Changhong (CHiQ)
  • Vu Technologies Pvt. Lts.
  • Hisense USA (Hisense International)
  • LG Electronics, Inc.
  • Sony Corporation
  • Panasonic Corporation
  • Samsung Electronics Co., Ltd.
  • Sharp Corporation
  • Skyworth Digital Holdings Co., Ltd.
  • VIZIO, Inc.
  • Asus Tek Corporation
  • VÅ« Technologies

Leaders’ Announcements

  • In September 2024, Yasunari Anan, Executive Vice President of Panasonic Entertainment & Communication Co., Ltd., talked about companies returning to the U.S.; 
  • “The U.S. is most important for the company, since for 10 years, it has been his goal to find a way to return to the U.S. Now that the long wait has ended, the company is very ready to provide new choices to the U.S. consumers.”
  • In November 2024, according to market research firm Circana, Best Buy, the United States’s biggest consumer electronics chain, has doubled its hefty TV assortment with 19 models ranging in price from USD 2,000 to USD 25,000 and has introduced roughly 70% of displays in its stores. Which Blake Hampton, Best Buy's senior vice president of merchandising, said: "It's really taken off this year."

Recent Developments

  • In August 2024, Haier Appliances India, the No. 1 global major appliances brand for 15 consecutive years, introduced its flagship M95E series QD-Mini LED 4K televisions with unmatched visual brilliance and superior audio and gaming experience. These TVs are peaked with revolutionary Quantum Dot (QD) technology with the support of Harman Kardon speakers and a 144Hz screen refresh rate.
  • In September 2024, TiVo, a wholly owned subsidiary of entertainment technology company Xperi Inc., partnered with OEM to introduce its expansion of smart TVs. This program includes 17, including Bush, Daewoo, Digihome, Panasonic, Sharp, Telefunken, and Vestel.

Segments Covered in the Report

By Screen Size

  • Below 52 Inches
  • 52 To 65 Inches
  • Greater Than 65 Inches

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

For questions or customization requests, please reach out to us at sales@precedenceresearch.com

Frequently Asked Questions

The global 4K TV market size is expected to grow from USD 260.26 billion in 2024 to USD 485.35 billion by 2034.

The 4K TV market is anticipated to grow at a CAGR of 6.43% between 2024 and 2034.

The major players operating in the 4K TV market are Changhong (CHiQ), Vu Technologies Pvt. Lts., Hisense USA (Hisense International), LG Electronics, Inc., Sony Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., Sharp Corporation, Skyworth Digital Holdings Co., Ltd., VIZIO, Inc., Asus Tek Corporation, Vu Technologies, and Others.

The driving factors of the 4K TV market are the increased adoption of digital technologies among the middle-class population also consumer demands for the 4K TV market services.

North America region will lead the global 4K TV market during the forecast period 2024 to 2034.

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client

Meet the Team

Our team of Semiconductor and Electronics industry experts brings a unique blend of technical knowledge, industry experience, and research acumen to every project. Our experts specialize in the full spectrum of the semiconductor and electronics markets, including chip design, manufacturing, supply chain dynamics, consumer electronics, and emerging technologies like 5G, AI, and IoT. What sets our team apart is our ability

Learn more about Precedence Semiconductor and Electronic Experts

With over 14 years of experience, Aditi is the powerhouse responsible for reviewing every piece of data and content that passes through our research pipeline. She is not just an expert—she’s the linchpin that ensures the accuracy, relevance, and clarity of the insights we deliver. Aditi’s broad expertise spans multiple sectors, with a keen focus on ICT, automotive, and various other cross-domain industries.

Learn more about Aditi Shivarkar