The UHD 4K panel market continues to perform well, with the installed base exceeding 768 million at the end of 2022. Although the TV market has been impacted by inflation in regions like North America and Europe, Futuresource expects 4K TV shipments to continue to achieve traction due to a wider availability of 4K TVs at cheaper prices.
8K TV shipments are expected to witness only marginal growth across the forecast period, predominantly due to the substantial price gap between 4K and 8K TVs. This lack of growth is being amplified by the global economic slowdown, along with a continued lack of original 8K content.
UHD media streamer shipments are expected to achieve minor growth across the forecast period, while the 4K UHD games consoles market will continue to grow off the back of next-gen consoles such as Xbox Series X, PS5 Disk, and Digital versions.
Looking to the content, UHD subscriptions are now in the majority for the first time, as the sector continues to achieve growth. As a result, retail value across SVoD will continue to expand at a higher rate through the forecast period. And while mature markets such as North America and Western Europe are slowing down, with growth now in single digits, double-digit growth continues in areas such as Asia Pacific and Latin America.