Global 4K TV Shipments to Rise at 17.3% CAGR Through 2022, Says ABI

Global 4K TV shipments will surpass 102 million units this year, with 44 percent of the world’s total volume in flat-panel sets, up from a third in 2017, said ABI Research Thursday. The flat-panel TV market has achieved more than 85 percent household penetration of global households, and overall growth is slowing due to market maturity, it said. The transition to 4K from HD “is expected to be the next key driver of the global flat panel TV market,” it said. Asia-Pacific, on the strength of the Chinese market, will lead all global 4K TV regions this year with 37 percent of unit shipments, though North America and Western Europe currently lead the world in household penetration, said ABI. It forecasts global 4K TV units shipments will increase at a 17.3 percent compound annual growth rate the next five years, reaching 194 million sets in 2022.