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new York, July 5, 2021 /PRNewswire/ –
Technavio has been monitoring the 4K2K TV market and operating in the communications service industry. The latest report on the 4K2K TV market from 2021-2025 estimates that it will achieve incremental growth $1.96 billion, The compound annual growth rate during the forecast period is approximately 7%. The report provides the latest analysis on current market conditions, the latest trends and driving factors, and the overall market environment. As the business impact of COVID-19 spreads, the 4K2K TV market is expected to experience negative growth and disadvantaged growth from 2021-2025.
Technavio’s in-depth research covers all your needs because our research report includes all foreseeable market scenarios, including analysis before and after COVID-19.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors must focus on distinguishing their products through unique value propositions to strengthen their foothold in the market. Market suppliers must also leverage existing growth prospects in fast-growing market segments, while maintaining their position in slow-growing market segments. Hisense International Co., Ltd., Koninklijke Philips NV, LG Electronics, Panasonic Corporation, Haier Smart Home Co., Ltd., Samsung Electronics Co., Ltd., Sharp Corporation, Sony Corporation, TCL Electronics Holdings Co., Ltd., and Toshiba Corporation are some of the major market participants .
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The growing demand for projectors in the education and corporate sectors helps drive market growth. However, the high cost of 4K2K TVs may hinder market growth.
Technavio’s customized research report provides detailed insights on the impact of COVID-19 at the industry level, regional level, and subsequent supply chain operations. This customized report will also help customers keep up with new product releases…
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