London, 04 December 2015: Technavio, the independent tech-focused global research firm, has published a report on the UHD TV market in North America 2015-2019, which is expected to grow at a CAGR of 47.80% during the forecast period of 2014-2019.
The demand for advanced products in the region has led to the development of UHD TVs on a massive scale. Their high resolution (four times the resolution of full HD), broader field of view, and extended color range have led to an increase in their adoption across North America. Broadcast companies such as Netflix have started streaming 4K UHD content owing to the popularity of the format.
“The increasing volume of 3D video content has led to the launch of several 3D channels over the past few years,” says Faisal Ghaus, Vice President of Technavio.
“Several Hollywood movies and games such as football matches are featured in 3D format, providing a unique experience to consumers”
Key Market Drivers
- Advanced attributes of UHD TVs
- Increase in popularity of 4K UHD TVs
- Growing demand for large screen TVs
- Evolving consumer preferences
Key Market Trends
- Connected home devices
- Emergence of 3D 4K UHD TVs
- Declining prices
- Increasing R&D spending by vendors
Key Market Vendors
- Samsung
- LG
- VIZIO
- Sony
- Panasonic
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the UHD TV Market in North America 2015-2019, please send an e-mail to media@TechNavio.com.
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