October 14, 2019
Sales and shipments of 4K UHD televisions has hit 60% market penetration in some parts of the world, including the United States, according to new data from IHS Markit.
Speaking Oct. 14 at the MIPCOM confab in Cannes, France, Paul Gray, research analysis director at the London-based IHS, said 4K UHD TVs now exceed more than half of all TV shipments worldwide.
The analyst contends there are more than 260 million 4K UHD households globally — a tally that is expected to reach 574 million households by 2023, according to Advanced-Television.com, which reported Gray’s comments from France. About 34% of North American homes have 4KUHD TVs, increasing to 64% in the next four years.
Notably, domestic shipments of 4K UHD TVs surged in North America as distributors stockpile inventory ahead of any proposed tariff increases on Chinese-manufactured products by the Trump Administration.
Meanwhile, next-generation 8K resolution continues to grow slowly with 167,000 display units shipped in 2019. This is expected to reach 3 million units by 2023.